Vietnam 

Prime Minister promises optimal conditions for US enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The Vietnamese Government would create optimal conditions for US enterprises to invest successfully in Việt Nam and was willing to listen to their recommendations to improve the local business environment, said Prime Minister Nguyễn Xuân Phúc. While receiving a delegation from the US-ASEAN Business Council (USABC), led by its president and CEO Alexander Feldman, in Hà Nội on Thursday, PM expressed his belief that the delegation’s visit would contribute to promoting economic, trade and investment relations between Việt Nam and the US. He…

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China 

Chinese private firms ‘being held back by prejudice as a result of government support for state-owned enterprises’

Chinese private companies are being held back by stereotypes that paint them as less reliable than state-owned enterprises when it comes to repaying their debts, fulfilling their contractual obligations or attracting talent, the boss of a pharmaceutical company has warned.Yang Wenlong, chairman of the private Renhe Group, said these prejudices made it harder for private companies to get loans, adding that this unfair treatment was a consequence of the implicit guarantees the government gave to… Source link

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China 

China says state-owned enterprises are ‘independent market players’

China’s state assets oversight agency denied there is a “systematic arrangement for extra subsidies” for central government-owned firms and called for more cooperation with foreign companies, amid growing criticism from the US and Europe over unfair competition.“State-owned enterprises are independent market players. They are self-operated, self-financed, self-sustained, self-disciplined and self-developed,” Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration… Source link

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Vietnam 

Social enterprises in need of more support – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Detailed support policies are needed to help develop social enterprises, experts have said. Nguyễn Thị Minh Thảo, head of Business Environment and Competitiveness Research Department under the Central Institute for Economic Management (CIEM), said that Việt Nam had a number of support policies for social enterprises. However, most were too general and it was difficult for social enterprises to benefit from them. “There are already support policies. But they must be made more detailed,” Thảo stressed. She pointed the six…

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Vietnam 

Vietnamese enterprises to boost digital transformation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Increasing profit a few hundred per cent, saving billions of dollars in technology costs, operating complex data systems in real time, transforming appropriate business models, improving operational efficiency and personalising customer experience on large-scale digital platforms at fast speed were the benefits of digital transformation, said Dr. Phương Trầm, FPT head consultant on digital transformation and former DuPont CIO at a seminar in Hà Nội this week. Digital transformation in organisations and businesses is the process of changing from traditional models to…

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Vietnam 

Amazon to support VN enterprises in e-commerce – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Through the workshop, Amazon Global Selling will help Vietnamese enterprises develop their online storefronts for the world’s largest online retail system. — Photo moit.gov.vn Viet Nam News HÀ NỘI — A workshop titled “Export via e-commerce platform: Opportunity with Amazon” will be held in Hà Nội on February 27. The event, organised by the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) in co-operation with Amazon Global Selling, aims to help Việt Nam’s businesses boost exports via the e-commerce channel. At the conference, Amazon…

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Vietnam 

Ministry to transfer five enterprises to SCIC in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Industry and Trade will transfer State capital ownership representative rights in five enterprises to the State Capital Investment Corporation (SCIC) in the first quarter of this year. They included the Việt Nam Steel Corporation, the Foreign Trade Freight Forwarding and Warehousing Joint Stock Company, the Việt Nam Agricultural Products Joint Stock Company, the Construction and Import-Export Joint Stock Company and the Construction Investment and Building Materials Joint Stock Company, according to the ministry’s recently-issued Directive No 3/CT-BCT. The move…

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Vietnam 

Bắc Ninh grants investment licences to FDI enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Officials in Bắc Ninh Province grant investment licences to investors. — VNA/VNS Photo Trương Diệp Viet Nam News BẮC NINH — The People’s Committee of Bắc Ninh Province on Thursday granted investment licences to six foreign direct investment (FDI) projects. These projects include a factory manufacturing electronics, network equipment and multimedia products of Hong Kong’s Goertek Co Ltd in the Quế Võ Industrial Park with total investment of US$260 million. Others are a stationery factory of China’s Deli Group with total capital of $25 million in the…

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Home 

China’s science and tech minister calls on private enterprises to develop ‘core technologies’

China’s science and technology minister has urged the country’s private enterprises to make full use of supportive policies and subsidies to help accelerate the development of core technology in aid of the nation’s development. “The private economy is a crucial part of China’s economic development,” Wang Zhigang, minister at the Ministry of Science and Technology, said at a conference in Beijing on Sunday, according to the official Xinhua News Agency. “Encouraging and supporting the development of private technology enterprises has always been an important part of science and technology professionals’…

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Singapore 

Competition watchdog gives green light to NTUC Enterprise’s acquisition of Kopitiam, Singapore News

SINGAPORE – The competition watchdog on Thursday (Dec 20) gave the green light for NTUC Enterprise’s proposed acquisition of food centre operator Kopitiam, saying that it would not lead to a substantial lessening of competition. In its grounds of decision issued on Thursday, the Competition and Consumer Commission of Singapore (CCCS) said that it has studied the three markets that would be affected by the proposed transaction, after it was notified about NTUC Enterprise’s move on Sept 28. The acquisition of Kopitiam Investments and its subsidiaries was announced on Sept…

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