The enterprise and investment laws should be amended to stimulate the development of the private sector, especially the five million business households, and to make the business environment more liberal, said experts at a conference in Hanoi on February 20.
Vietnam’s Ministry of Trade and Industry has issued a warning about products made overseas that are wrongly labeled as ‘made in Vietnam’ in order to enjoy favorable tax when exported to a third country, which not only hurts the reputation of authentic Vietnamese products but also subjects local goods to trade defense lawsuits.
Prime Minister Nguyen Xuan Phuc instructed the Ministry of Planning and Investment (MPI) to continue to make breakthroughs for socio-economic development at a meeting in Ha Noi on Tuesday.
The slow listing of post-equitisation firms, including State-owned enterprises (SOEs), may make Vietnamese firms less attractive regarding a lack of corporate transparency and government agencies managing those firms must be blamed for the problem.
Viet Nam needs to update its legal framework related to foreign investment.
The average price of cashew has inched up on the global market this year, but the Vietnamese processing industry continues to face challenges.
The HCM City chairman has hailed the Ho Chi Minh Stock Exchange for contributing to the steady development of the country’s stock market and the city’s financial market and to the equitisation of State-owned enterprises in the city.
The Vietnamese stock market was Southeast Asia’s most successful market in 2018 in terms of capital mobilisation, said Deputy Prime Minister Vuong Dinh Hue.
Registering for and protecting geographical indication (GI) for Vietnamese specialities are needed to protect, add value to unique products and promote their exports, experts have said.
Competition between domestic and foreign retailers was likely to remain fierce this year, requiring Vietnamese businesses to co-operate in order to maintain their market shares, said an official from the Ministry of Industry and Trade (MoIT).