The course of history
Over the past 33 years, from its initial baby steps, Vietnam has made remarkable progress in transforming and developing its economy at a stunning pace.
Renovation of State-run enterprises needs a breakthrough
Vietnamese State-run enterprises, economic groups and corporations need reforms to become more effective and competitive, said Deputy Prime Minister Nguyen Sinh Hung.
Building powerful domestic economic groups
The significance of an economic group lies in its role of institutionally administrating businesses, not only in its name. To develop powerful economic groups, apart from creating a clear legal corridor, businesses should exert a greater effort to secure their own potential.
Bringing Vietnam trademarks across the globe
The Prime Minister has decided that April 20 is Vietnam Trademark Day to honour and promote Vietnam’s image and trademarks in the context of international economic integration.
Major weaknesses revealed in post-WTO period
More than a year after joining the World Trade Organisation (WTO), the national economy has gradually kept pace with other economies in the world. However, behind optimistic statistics are weaknesses that need to be rapidly overcome.
Taking advantage of every opportunity to control inflation rate
The world is currently suffering a dire shortage of essential goods. However, if businesses make the most of every opportunity to boost production and increase the supply of goods, they will come through the difficult time.
A difficult period of industrialisation
International economic experts suggested that by 2020 Vietnam will have many qualified workers, train its engineers up to standard as Malaysia and Thailand do and export garments and footwear with a high proportion of domestic content as well as high-quality agricultural products and seafood.
Restructuring export products remains irrational
Vietnamese products’ trade marks are still unpopular on the world market due to their low quality, poor design and high transport and customs costs.
Current difficulties are just temporary
Social stability and an improved investment environment have created the right conditions for Vietnam to overcome its difficulties, curb inflation and ensure social welfare.
Bureaucratic obstacles need removing to attract more FDI
In the first quarter of this year, foreign businesses poured more than US$1.68 billion into investment projects, a year-on-year increase of 24 percent. However, economists said that Vietnam could attract more foreign investment if the legal environment and administrative procedures were simplified.