Enterprises in Vietnam’s private economic sector have not received land and taxation incentives while they are restrained by institutional regulations, policies and thousands of procedures and formalities
Viet Nam should take advantage of the next wave of digital technologies such as blockchain, Artificial Intelligence, Internet of Things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts urged at a meeting held on May 22 in the city.
Insurance auxiliary service providers have the right to join professional associations to develop the insurance-finance market, according to National Assembly deputy Tran Thi Quoc Khanh.
Electricity retail prices should have been raised by 9.26 per cent instead of 8.36 per cent if Viet Nam Electricity (EVN) had correctly calculated the VND3.26 trillion foreign exchange rate difference in 2018 into its power production costs.
The salt farmers of Hon Khoi rise before dawn as they have for generations, fanning out across shallow seawater pools in southern Vietnam to harvest the precious mineral, hoping for a better season than the last.
The textile and garment industry may fail to take tariff advantage from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam-EU Free Trade Agreement (EVFTA) as it cannot tackle the issue of local materials. Meanwhile, the Government and local authorities are still undecided over the planning for the industry.
More administrative reform is needed in the banking industry to make it easier for businesses and individuals to get credit, experts told a conference in HCM City on Thursday.
Many Vietnamese enterprises are keeping a close eye on the escalating US-China trade war and have expressed concern about its possible adverse impact on their business.
Shareholders were unaware of the power they held when dealing with a lack of transparency in listed companies, according to Nguyen The Tho, director of the Securities Market Surveillance Department under the State Securities Commission.
The Fourth Industrial Revolution could increase Viet Nam’s GDP by between US$28.5 billion and $62 billion by 2030, equivalent to a rise of 7-16 per cent, according to the Central Institute for Economic Management (CIEM).