Vietnam 

Amendmends to enterprise, investment laws must promote SOE efficiency – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Việt Nam Association of Financial Investors (VAFI). In a recent document sent to the Government about VAFI’s recommendations regarding amendments to the enterprise and investment laws, the association pointed out that there was a shortage of effective solutions to tackle the weak management at SOEs, which was hindering the country’s socio-economic development.…

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Vietnam 

VN needs strategy to promote private firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam needs a strategy to promote the development of private firms with a focus on quality, as their contribution to the economy remains modest, attendees heard at a conference in Hà Nội on Friday. “After more than three decades of Đổi Mới (Reform), Việt Nam does not have a true development strategy for private firms,” economic expert Trần Đình Thiên said at the forum about private sector development held by the Việt Nam Institute of Economics. He said that more…

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Vietnam 

PM asks central localities to promote regional connectivity – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News THỪA THIÊN-HUẾ — Localities in the central region need to pay special attention to enhancing regional connectivity in their development policies, Prime Minister Nguyễn Xuân Phúc said at a meeting of the Council for the Central Key Economic Region in the central province of Thừa Thiên-Huế on February 15. He ordered provinces represented by the council, namely Thừa-Thiên Huế, Đà Nẵng, Quảng Nam, Quảng Ngãi and Bình Định, to focus on marine tourism by building coastal roads and linking tourist ports. The PM also…

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China’s cyber police directs news sites, app developers to promote ‘positive energy’ online

China’s powerful internet regulator has called on operators of news sites and app developers to focus on producing high-quality, short video content that can help spread “positive energy” online, underscoring Beijing’s tightened grip on disseminated information in the world’s second largest economy. The Cyberspace Administration of China gave that directive in a meeting with various state media as well as operators of websites and major short-video platforms, who were asked to step up efforts to improve the “attractiveness, appeal and influence” of their content as part of recent initiatives to…

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Vietnam 

Việt Nam, Hong Kong to promote trade amid US-China tensions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Việt Nam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tension between the US and China, a banking official said yesterday. Speaking at a media briefing in HCM City, Terence Chiu, country head of commercial banking at HSBC Hong Kong, said that more Hong Kong investors were eyeing Việt Nam as a good destination to seize huge opportunities for investment. Some companies had started shifting…

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Vietnam 

Vietnamese goods campaign promote local firms’ development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — A campaign urging local people to buy “Made-in-Viet Nam” products has helped develop businesses across the country. The Vietnamese people using Vietnamese goods campaign has played a key role in helping local enterprises, a conference held in Hà Nội on Tuesday heard. “The campaign should not be a slogan but aim to conquer Vietnamese consumers,” said deputy minister of Industry and Trade Đỗ Thắng Hải. Trương Thị Ngọc Ánh, vice chairwoman of the Việt Nam Fatherland Front Central Committee, said…

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Vietnam 

Strategy needed to promote local trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam lacks an overall strategy to promote the sustainable development of domestic trade in the context of deep international integration, heard a conference held in Hà Nội on Tuesday. Đỗ Thắng Hải, deputy minister of Industry and Trade, said domestic trade had played an important role in product consumption, meeting with goods demand and contributing to economic development. In 2016-18, the average contribution of domestic trade to GDP was more than 10 per cent a year, creating jobs for about…

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Vietnam 

VN and Greece promote trade and investment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Việt Nam Chamber of Commerce and Industry (VCCI) signed a co-operation agreement with the Federation of Greek Industries (SEV) and the Athens Chamber of Commerce and Industry (ACCI) in Hà Nội yesterday to tighten co-operation and boost trade between businesses of the two countries. The agreement was signed at the Việt Nam – Greek Business Forum, which attracted representatives from Vietnamese businesses and 16 leading Greek groups in the fields of food, olive oil production, garments and textiles, real estate investment,…

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Vietnam 

VN looks to promote franchise market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A McDonald’s restaurant in Hà Nội. – Photo vietnammoi.vn Viet Nam News HCM CITY —  The Ministry of Industry and Trade (MoIT) has licensed 17 foreign enterprises specialising in franchises to operate in Việt Nam so far this year, according to statistics from the ministry. The franchise market features both domestic and foreign enterprises. The ministry said 213 businesses with hundreds of trademarks had been licensed for franchising in Việt Nam over the last decade. A series of world-famous brands in the fields of fast food, hotels,…

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Vietnam 

LienVietPostBank and BC Card promote digital banking – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

LienVietPostBank and BC Card – the largest credit card network – in South Korea signed a memorandum of understanding (MoU) on Monday. — VNS Photo Viet Nam News HÀ NỘI — LienVietPostBank and BC Card – the largest credit card network – in South Korea signed a memorandum of understanding (MoU) on Monday in Hà Nội to promote non-cash payment in Việt Nam. Under the agreement, the two sides would invest in a new company providing digital payment with diversified products and services for companies and banks in Việt Nam. They would take advantage of…

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