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Image : Vietnam’s top ten 2016 exports

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Prime Minister pledges to create fair and friendly business environment

access_time May 17,2017 chat_bubble_outline 23 views
Prime Minister pledges to create fair and friendly business environment

The pledges were made on May 17 in a meeting with the business community which drew over 2,000 delegates to the National Convention Centre in Hanoi, and thousands more via teleconferencing.


PM Phuc said reforms would be made in a way to ensure equal opportunities in all economic sectors, in which equitisation of State-owned enterprises would be expedited to reallocate resources to more efficient enterprises.


In addition, the government would continue to streamline current regulations to reduce costs and other regulatory burdens for enterprises.


In his concluding remarks at the conference, PM Phuc emphasised the spirit of turning words into action by announcing that he had just signed a directive forbidding authorities from inspecting enterprises more than once a year.


He assured investors and entrepreneurs that his government would not only ensure their freedom to do business and innovate, but also protect their assets and capital so that they can expand their business activities.


This is the second time that a conference between the PM and enterprises has been held.


After the first meeting held in Ho Chi Minh City last year, the government issued a resolution known as Resolution 35, outlining measures to support and develop enterprises.


According to the Vietnam Chamber of Commerce and Industry (VCCI), 75% of surveyed enterprises consider Resolution 35’s measures as fairly positive, positive and highly positive while only 25% say they have not felt any positive impacts from these solutions.


VCCI said the resolution has bolstered the confidence of the business community, which is evident in the number of newly established enterprises hitting a record high of more than 110,000.


International organisations have also recognised Vietnam’s improvements in the past year.


According to the World Bank, Vietnam jumped nine places in the rankings on the ease of doing business while a Jetro survey shows that Vietnam remains an important investment destination for Japanese businesses.


In April, the credit ratings agency Moody’s upgraded Vietnam’s outlook from stable to positive, citing strong FDI inflows fostered by on-going economic reform and Vietnam’s stable macroeconomic environment.

Nowitzki will miss Mavs' home opener with stomach illness

DALLAS (AP) — Dirk Nowitzki will miss Dallas' home opener against Houston with what coach Rick Carlisle described as a stomach ailment.The 38-year-old, in his 19th season, played 38 minutes in an overtime loss to Indiana in the season opener on Wednesday. He missed the shootaround before Friday night's game.Carlisle wouldn't commit to Nowitzki making the trip to Houston over the weekend. The Mavericks play the Rockets again Sunday in Houston's home opener.The coach said it appeared Nowitzki… chat_bubble_outline Read More...

Apple to appeal EU tax ruling this week, says it was a 'convenient target'

By Foo Yun CheeCUPERTINO, Calif. (Reuters) - Apple will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said.Apple's combative stand underlines its anger with the European Commission, which said on Aug. 30 the company's Irish tax deal was illegal state aid and ordered it to repay up to 13 billion euros ($13.8 billion) to Ireland,… chat_bubble_outline Read More...

Vietnam sees big opportunities investing in Russia’s far eastern area

Russia's invitation to Vietnam to make investments in its far eastern area has been welcomed by local economists. Russian Deputy Prime Minister Yuri Trutnev recently had a 2-day working visit to Hanoi, during which he met with the government of Vietnam’s leaders and managers of Vietnam’s largest conglomerates which showed interest in doing business in Russia’s Far East. “If Vietnamese businesses can conquer the Far Eastern market, Vietnam will become a big partner of Russia, while this will… chat_bubble_outline Read More...

German climate plan includes reduction targets for sectors: government spokesman

BERLIN (Reuters) - Germany's ruling coalition reached agreement on a flexible climate action plan with CO2 reduction goals for economic sectors, with their impact on jobs and society to be reviewed in 2018, a government spokesman said on Friday."The goal is to reduce greenhouse gas emissions by 2050 by 80 to 95 percent," government spokesman Georg Streiter told a news conference, adding the government would evaluate the impact and efficacy of the agreed measures on a regular basis."Especially… chat_bubble_outline Read More...

Techmart Hanoi 2016 opens

As a national scale techmart, the exhibition features more than 1,500 products and equipment, software solutions, science products and services in the fields of information and technology. — VNS Photo HA NOI (Biz Hub) — Techmart Hanoi 2016, a technology and equipment exhibition, opened on September 28. The exhibition, which is on till October 1, is organised by the Ministry of Science and Technology and the Ha Noi People's Committee to develop the science and technology market of the capital… chat_bubble_outline Read More...

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