business

  At the workshop (Source: VNA) Hanoi (VNA) – The rate of ‘foreign’ honeybee species kept in Vietnam should be raised from 75 percent at present to 80 percent in 2020 in order to increase the quality and productivity of honey, heard a conference in Hanoi on August 17. Dr. Dinh Quyet Tam from the Vietnam Beekeepers Association pointed out that although Vietnam exports a large quantity of honey, the price of the product stands at only 1.22 EUR (1.4 USD) per kg, the lowest worldwide, as compared with New Zealand’s honey price of 23.25 EUR per kg. In 2017, Vietnam’s honey prices dropped sharply due to the lower quality of its acacia flowers, falling global honey prices, and fiercer competition. Besides this, Vietnamese honey has yet to establish its brand name on the global market.           It is reported that each year, Vietnam produces more than 55,000 tonnes of honey and over 1,000 tonnes of … [Read more...] about Vietnam’s beekeeping aims to generate a buzz

Representatives of businesses wait for procedures to be handed (Photo: VNA) Hanoi (VNA) – The index for administrative procedure compliance costs (APCI) was released for the first time on August 17, assessing the actual expenses businesses and organisations have to incur in order to adhere to existing administrative procedures. The APCI report, announced by the Prime Minister’s Advisory Council for Administrative Procedure Reform, marked two years since the current Government took office with the resolve of improving the business climate to attract more domestic and foreign investment, and promote Vietnam’s stature in the international arena. The report covers eight groups of important administrative procedures for companies, namely starting business and business registration, taxation, investment, licence and practicing certificate, customs, land, environment, and construction. In total, 3,000 companies across all 63 provinces and cities were interviewed about … [Read more...] about Compliance cost index shows taxation procedures least pricey for firms

Producing textiles for export (Source: VNA) Prague (VNA) - Bilateral trade turnover between Vietnam and the Czech Republic in the first half of 2018 recorded an expansion of nearly 14 percent compared to the same period last year, marking a successively stable growth rate of over 10 percent per year since 2015. Vietnam’s Commercial Affairs office in the Czech Republic, cited the latest data from the Czech Statistical Office, showing that the export-import turnover between the two countries reached 551.4 million USD in the first two quarters of the year, a 13.8 percent increase year-on-year. The Czech Republic imported goods worth 74.9 million USD from Vietnam in June, a year-on-year rise of 14.2 percent, lifting its total import turnover of the first six months to 503.7 million USD. Meanwhile, the European nation’s exports to Vietnam during the January-June period were valued at 47.6 million USD, up 10.1 percent compared to the same period last year. … [Read more...] about Vietnam-Czech trade enjoys 14 percent growth in H1

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc (Source: vietnamnet.vn) Hanoi (VNA) – The Prime Minister has decided to appoint Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc as Vice Chairman of the National Council on Sustainable Development and Competitiveness Improvement. The PM also decided to create the Committee on Public-Private Partnership (PPP) as a professional body of the National Council on Sustainable Development and Competitiveness Improvement. The Committee on PPP will be chaired by the Chairman of the Vietnam Chamber of Commerce and Industry. A representative of the Vietnam Association of Small- and Medium-sized Enterprises will serve as vice chairman of the committee. National Council on Sustainable Development and Competitiveness Improvement is headed by Deputy Prime Minister Vu Duc Dam. The council is tasked with advising the Government and the PM in building and implementing strategies, policies, plans, … [Read more...] about National Council on Sustainable Development has new vice chairman

Illustrative photo (Photo: VNA) Hanoi (VNA) – The Ministry of Construction said that speeding up the equitisation of and divestment of State capital from its State-owned businesses is one of the main focuses of the sector in 2018. In the first two quarters of this year, the ministry completed the equitisation of the Song Da Corporation and the Vietnam Urban and Industrial Zone Development Investment (IDICO), turning them into joint stock companies. Accordingly, over 4.6 trillion VND (197.4 million USD) was collected from the equitisation of the two businesses, with 4.08 trillion VND of which paid to the State budget. At the same time, the ministry also finished State capital divestment at the Bach Dang Construction Corporation, paying 538 billion VND to the State budget. Meanwhile, divestment plans have been made for remaining corporations including Viglacera, Vietnam National Construction Consultants Corporation (VNCC), the Hanoi Construction Corporation (Hancorp), FiCO … [Read more...] about Construction ministry focuses on State capital divestment