Vietnam’s pig farming industry should be restructured in a sustainable and competitive manner with a focus on establishing production chains for farmers and businesses, a conference heard in Hanoi on August 29.

The national index for industrial production (IIP) increased 6.7% year-on-year in the first eight months of this year, the General Statistics Office (GSO) reported.

Potential benefits and challenges for the digital economy and new-age regulations for new-age businesses were discussed at a workshop in HCM City on August 30.

Bolstering intellectual property (IP) rights enforcement, including computer software, is high on the Government’s agenda, as part of its efforts to uphold international IP rights commitments it has made.

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.

Unresolved issues in Vietnam’s regulations and the business environment have resulted in relatively low FDI inflows from US and European multinational companies, experts say.

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7%.

Prime Minister Nguyen Xuan Phuc has asked all ministries, departments and provinces to promote growth by easing the hurdles that businesses face and by helping cut down their bureaucratic expenses.

The Government Office last week sent a written document to the central bank governor, referring to the mobilisation of idle gold and foreign currency sources from the people.

The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces.