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The next phase of the Vietnamese economy’s restructuring should focus on efficiency of resource allocation to renovate the growth model, experts said at a conference in Hà Nội yesterday.
Local enterprises face barriers in doing business, and they expect the State to improve the domestic business environment in order to encourage the development of enterprises.
Vietnam’s GDP growth in 2016 will be 6 per cent and the government should be more cautious when setting growth targets, according to analysts at the Vietnam Institute for Economic and Policy Research (VEPR).
A proposal by the labor ministry to raise the retirement age in Vietnam has been met with a mixed public reaction.
The free trade agreement between Vietnam and the Eurasia Economic Union (EAEU) grouping Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan has removed export tariffs but Vietnamese firms still have to face many obstacles to make use of this opportunity.
The Viet Nam Steel Association will protect the interests of local firms after Vietnamese steel exporters were accused of tax evasion in the United States, said the association’s vice chairman, Nguyen Van Sua.
President of Taiwan’s Polytex Far Eastern Company, Douglas Tong Hsu, made a visit to the southern province of Binh Duong on October 13 to enquire about the province’s investment attraction policy for business expansion.
A number of Italian firms wish to engage in transport infrastructure projects in Vietnam.
The Asian Development Bank (ADB) is committed to maintaining its credit assistance of around US$1 billion per annum to support Vietnam over the next five years, the Manila-based institution announced on Tuesday.
More than 250 financial experts and investors from Vietnam, Thailand, Malaysia, Japan, Singapore, the US and the EU will attend the second foreign investment conference in Ho Chi Minh City on November 4.
Vietnamese steel producer Hoa Phat Group has officially proposed Quang Ngai province’s Dung Quat Economic Zone Authority (DEZA) to resume the construction of the Guang Lian Dung Quat steel project, which had its investment certificate revoked in early September.
The meat market in the country, estimated to have value of $18 billion, is controlled by enterprises from France, Thailand, South Korea and Vietnam.
