Vietnam 

VN’s supporting industries strive to improve – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese enterprises have the potential to participate in regional and global production value chains on par with the leading countries in ASEAN, because Việt Nam has been a top priority choice of multinational corporations. However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft plan for sustainable development of Vietnamese private enterprises, the Ministry of Planning and Investment (MPI) aims to raise the rate of enterprises participating…

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China 

People’s Bank of China sets up department to improve financial oversight

China’s central bank has set up a department to oversee and eliminate financial risks, as part of its restructuring of departments and personnel. The People’s Bank of China (PBOC) established the macro-prudential management bureau to draft rules, monitor and handle financial systemic risks, and advise on currency issues including yuan convertibility, according to a statement published by the State Commission Office of Public Sectors Reform. The new agency will take over some of the duties of the Monetary Policy II Department, which has been disbanded. The statement reaffirms the central…

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Vietnam 

Plan to improve FDI attraction under discussion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The assessment of Foreign Direct Investment (FDI) attraction must be realistic and systematic to tackle shortcomings, said Deputy Prime Minister Vương Đình Huệ. He made the request at a conference held in Hà Nội yesterday to discuss a draft plan on ‘Orientation to complete mechanism and policies and to improve the quality and efficiency of FDI attraction and use until 2030’. The plan will be submitted to the Politburo for consideration. The plan should not only assess the current situation…

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Home 

Can premature ejaculation spray rescue the sagging fortune of this Hong Kong firm and improve the sex lives of Asian men?

Regent Pacific Group, a Hong Kong-listed company that transformed itself three times over three decades, said it had secured regulatory approvals and a licence to sell a spray for treating premature ejaculation in Hong Kong and Macau, and not a moment too soon. The company licensed Shanghai Fosun Pharmaceutical’s unit Wanbang Pharmaceutical last month to help it obtain approval and sell Fortacin, a prescription-only topical spray in mainland China. Separately, Regent licensed Taiwan-listed EuroPharma to distribute the drug in Hong Kong, Macau, Taiwan and six Southeast Asian markets. “We hope…

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Vietnam 

Trà Vinh outlines plan to improve competitiveness – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Cửu Long (Mekong) Delta province of Trà Vinh has released a plan to boost its Provincial Competitiveness Index (PCI). VNA/VNS Photo Viet Nam News HCM CITY – The Cửu Long (Mekong) Delta province of Trà Vinh has released a plan to improve its Provincial Competitiveness Index (PCI), according to the chairman of its People’s Committee All localities have been told to accelerate the pace of administrative reforms, while agencies are expected to hold more meetings with businesses to address their problems, Đồng Văn Lâm.said The province…

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Vietnam 

Agricultural firms improve standards to satisfy new Chinese regulations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Exports of agricultural products to the vast Chinese market are expected to increase if branding and quality of Vietnamese goods improve, speakers said at a meeting yesterday in HCM City.  Trần Thanh Nam, deputy minister of Agriculture and Rural Development, said that export potential to China was huge, especially for fruit, seafood, rice, wheat flour and rubber.   China’s top agricultural imports from Việt Nam are durian, grapefruit, passion fruit, sweet potato, coconut and mangosteen. In addition, China has approved 13…

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Home 

Russian gas imports won’t improve China’s air quality when Beijing continues with its policy of excessive coal consumption

As China clamps down on air pollution, Beijing is seeking to replace coal plants with cleaner-burning natural gas, especially for heating during winter. Consequently, China has intensified relations with Russia, one of the world’s leading gas exporters, to expand energy ties. Although increasing gas use works towards alleviating some of the tensions inherent in the generation of energy, the move doesn’t address the underlying issue of pollution – the fact that China continues to rely on coal and the coal-guzzling metals industry for economic growth. China is the main driver…

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Vietnam 

HCM City works to further improve investment environment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — HCM City has always taken on board suggestions from foreign businesses, including Japanese, for improving its investment environment and living conditions and adopting appropriate policies to enable foreign investors to operate here, according to its People’s Committee. Speaking at a roundtable discussion between the city administration and the Japanese business community yesterday, Deputy Chairman Lê Thanh Liêm said Japan was one of the city’s important partners in several fields. As of last November it was the fifth largest foreign investor in…

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Vietnam 

VN firms told to improve production technologies – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Vietnamese companies need to improve their production technologies and strengthen linkages with foreign companies to improve their competitiveness in both domestic and overseas markets, a seminar heard in HCM City on Wednesday. Lê Hoài Quốc, head of the management board of the Saigon High Tech Park, told the Việt Nam-Korea production technology seminar that 97 per cent of companies in the country are small and use modest technologies. According to the HCM City Association of Mechanical – Electrical Enterprises, the computer…

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Vietnam 

Call to improve admin procedures – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam Chamber of Commerce of Industry (VCCI), representing businesses nationwide, yesterday urged taxation and customs sectors to further reform administrative procedures. This call was made by Deputy Chairman of VCCI Hoàng Quang Phòng speaking at a meeting on policies and administrative procedures of tax and customs sectors organised by VCCI and the Ministry of Finance in Hà Nội. Phòng said recent adjustments in policies and tax regulation had helped businesses save time and cut costs as well as creating preferences…

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