Among the 12 countries and territories where Vietnamese investors were active in the first two months, the US was the largest recipient with $20 million, followed by Cambodia with $8.9 million or 29.5 per cent. Others were Hong Kong, the United Kingdom and Myanmar. … [Read more...] about Vietnamese businesses invest $30m abroad
Business news
Vietnam Business Forum launches Made in Vietnam Energy Plan 2.0
Hanoi (VNA) – The Made in Vietnam Energy Plan 2.0 (MVEP 2.0), a business case for the primary use of Vietnam’s domestic resources to stimulate investment in clean, secure and affordable energy generation, was officially launched by the Vietnam Business Forum (VBF) on February 27. At the launching ceremony, VBF Co-Chairwoman Virginia Foote said the plan was rolled out in the context that development of renewable, clean and safe energy is an urgent issue as the country is suffering sheer exhaustion of fossil fuel resources. The MVEP 2.0, based on the groundbreaking 2016 edition – MVEP 1.0, was developed during a time of the fast transition towards renewable energy and increasing use of natural gas in electricity production in Vietnam. The report recommends Vietnam to prioritise renewable energy in national power planning; increase use of natural gas as the current best-fit baseload for renewable energy; construct a regulatory and permitting environment that attracts … [Read more...] about Vietnam Business Forum launches Made in Vietnam Energy Plan 2.0
Business condition reforms need higher effectiveness: workshop
Hanoi (VNA) – The elimination of business conditions has helped ease burden on enterprises, but much work needs to be done to boost the effectiveness, heard a workshop in Hanoi on February 27. At the event, held as part of the Australian programme on supporting Vietnam’s economic reforms (Aus4Reform), Director of the Central Institute for Economic Management (CIEM) Tran Thi Hong Minh said in the recent past, reforming regulations on business conditions to create a favourable environment for enterprises has been one of the Government’s priorities. Between 2017 and 2019, ministries and sectors proposed the removal and simplification of about 50 percent of all business conditions, thus helping firms to reduce time, costs and risks. However, she said, there still exist unnecessary or unreasonable business conditions that are useless for the State’s management. Therefore, improving the quality of business conditions remains a focus of business climate reforms in … [Read more...] about Business condition reforms need higher effectiveness: workshop
Deregulation vital to enhancing business climate
Tuan said that ministries needed to evaluate the efficiency of reforms in each sector and continue to review and deregulate business prerequisites, together with the establishment of a dialogue mechanism to listen to businesses and adopt solutions to tackle their problems. … [Read more...] about Deregulation vital to enhancing business climate
Post-inspections should be enhanced for efficient business condition reform: experts
Containers of goods are loaded onto a vessel at SP-ITC International Container Terminal in HCMC’s District 9. Post-inspections should be enhanced to improve the effectiveness of business condition reform – PHOTO: LE ANH HANOI – Ministries and agencies should create breakthroughs in reforming business conditions by enhancing post-inspections, stated experts at a seminar in Hanoi on February 27. … [Read more...] about Post-inspections should be enhanced for efficient business condition reform: experts
