VOV.VN - The target of having 1 million efficient private businesses by 2020 as set by a government resolution is within reach. The government is creating the best possible conditions for enterprises.
As learned from the examples of successful industrial economies, large corporations in the Vietnamese private sector will play a strategic role in economic growth. To boost the private sector’s global competitiveness, Vietnam needs to reform its business environment.
The Mekong Delta province of Tra Vinh will apply comprehensive measures to attract more investors, including increasing the provincial competitiveness index (PCI) and creating a smooth and favourable business environment.
The number of multi-level marketing businesses had halved to 37 by end of March, following Government crackdown over the past two years to ensure that they are operating correctly.
Promoting anti-corruption and creating a healthy and transparent business environment will improve productivity as well as enhance competitive capacity, prestige and position of enterprises.
Officials of Ho Chi Minh City held a meeting on April 11 in an effort to improve the city’s Provincial Competitiveness Index (PCI), which dropped from the 6th in 2015 to the 8th last year.
Prime Minister Nguyen Xuan Phuc has assessed that the business and investment environment of Vietnam has been effectively supporting the development of enterprises, pointing a high number of startups and profitable firms.
The southern province of Binh Duong has set creating a favourable business environment a top priority to attract investment and improve its provincial competitiveness index (PCI).
The central province of Quang Nam held a conference on March 26, calling for investments in the automobile support industry, garment-textile, and entertainment services in coastal areas, hi-tech agriculture, and pharmaceutical industry.
VOV.VN - Vietnam gained a record US$15.8 billion in foreign investment in 2016 thanks to its improved investment and business environment.
The central city of Danang continues to top the Provincial Competitiveness Index (PCI) for the fourth consecutive year.
A list of the best and worst regulations of 2016 compiled by the Vietnam Chamber of Commerce and Industry (VCCI) has been received by concerned ministries with varying degrees of acknowledgement and skepticism.
Prime Minister Nguyen Xuan Phuc hosted a reception for Paul Polman, CEO of Unilever, a UK-Dutch multinational consumer goods company, on Feb. 17 during which he pledged that Vietnam is making effort to improve its business environment to support the long-term operation of foreign investors.
Leaders from the northern province of Hai Duong have called on domestic and foreign businesses based in Ho Chi Minh City to promote investment in the fields of infrastructure, hi-tech industry, tourism and agriculture in the locality.
The central bank has tightened lending criteria for household and other unregistered businesses, meaning they will not be eligible for bank loans.
The list of top 500 companies in Vietnam in 2016 was announced at a ceremony in Hanoi on January 19.
Together with producing high-quality and competitive products, businesses should actively engage in the global supply chains, maintaining growth in both revenue and profit, and securing their firm foothold at home and abroad.
Hanoi attracted 445 foreign invested projects with total registered capital of US$2.8 billion between January and October, rising by 2.6 times from the same period of 2015.
Officials of the Hanoi Department of Tourism met on November 11 with businesspeople and journalists from the Republic of Korea (RoK), who are on a fact-finding trip to the city, to discuss ways to boost tourism cooperation between the two countries.
The target of USS$70 billion in two-way trade is achievable if Vietnam and the Republic of Korea (RoK) optimise the bilateral free trade agreement (FTA), which was signed in October 2015 and came into force two months later.