Prime Minister Nguyen Xuan Phuc (R) and USABC Chairman Keith Williams (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has affirmed the Vietnamese government’s determination to reform the country’s business environment and provide all possible support for foreign enterprises, including those from the US, to do business in Vietnam. During a reception in Hanoi on December 12 for a delegation from the US-ASEAN Business Council (USABC) led by its Chairman Keith Williams, PM Phuc said he himself and ministers have always paid attention to approving and accelerating the implementation of major US projects in Vietnam. Lauding the US as one of the most important partners of Vietnam in various areas, he said Vietnam is always sincere, straightforward and open with US enterprises. Mentioning Vietnam’s goal of achieving a balanced trade with the US, the PM suggested that the USABC should play a greater role in promoting bilateral ties and the … [Read more...] about PM promises to create optimal conditions for US enterprises
Commonwealth enterprise and investment council
Hanoi (VNA) - Resolution No.27-NQ / TW 2018 states that by 2020,the minimum wage must ensure minimum living standard of employees. Will the results of the National Wage Council’s meeting make this goal reachable? The National Wage Council convenes the first meeting, discussing regional minimum salary hike 2020 (Photo: VietnamPlus) On June 14, the National Wage Council will convene its first 2019 meeting to discuss raising the minimum wage. 7-8 percent wage hike proposal Talking with reporters at the beginning of the meeting, deputy head of the Vietnam General Confederation of Labour (VGCL)’s Department of Labour Relations Le Dinh Quang said the 2018 minimum wage negotiations helped raise 2019’s minimum wage, meeting about 95 percent of the minimum living standard for employees. “The economic landscape for 2019 is favourable for a minimum wage hike by 2020. 'Filling' the gap between the minimum wage and the minimum living standard is VGCL’s … [Read more...] about National Wage Council’s meeting: Is salary hike 2020 ‘reachable’?
Students study at the Sa Pa Town Primary School in the northern mountainous province of Lao Cai (Photo: VNA) Hanoi (VNS/VNA) - Enterprises must be fully aware of children's rights and work to ensure them, experts said at a conference held in Hanoi on December 11. The conference, organised by the Vietnam Chamber of Commerce and Industry (VCCI) and UNICEF Vietnam, drew nearly 100 participants from concerned institutes, academies and ministries. During the conference, experts discussed children’s rights and getting enterprises aware of these rights and contributing to promoting them nationwide. Nguyen Quang Vinh, general secretary of the VCCI, said joining trading conventions brought new opportunities for Vietnam, but also challenges. Enterprises must strictly follow regulations about child labour and child’s rights, which was part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement … [Read more...] about Enterprises have to ensure children’s right: experts
Minister of Planning and Investment Nguyen Chi Dung (Photo: VNA) Hanoi (VNS/VNA) - Minister of Planning and Investment Nguyen Chi Dung talks to the Vietnam News Agency on the Government’s resolve to help private enterprises become a mainstay in the national economy. A: What has the Ministry of Planning and Investment advised the Government regarding the private sector? Q: The 5th Resolution of the 12th Party Central Committee considers the private sector an important driving force in the national economy. More recently, the Government has listed the task as an important motivation for the nation to advance in 2019. To achieve this goal, the Ministry of Planning and Investment has advised the Government to issue Resolution 02 on the improvement of the investment environment and slash many more business conditions. We hope Resolution 02 will be strictly implemented by all ministries, sectors and localities. We should also raise our awareness on the role of the private … [Read more...] about Minister: Private economy a driving force in Vietnam
The agro-forestry-aquatic sector boasts great potential to attract more investment, while also contributing to the country’s export turnover (Photo: Le Toan) Over the past few months, TH Group has spent millions of US dollars on beefing up production of fresh milk products. Not only being locally consumed, these products are also exported to China, where TH has become the first Vietnamese enterprise to be allowed by China’s authorised agencies to export fresh milk products into this gigantic market with a population of 1.4 billion people. Under a protocol signed in April between Vietnam’s Ministry of Agriculture and Rural Development (MARD) and China’s General Administration of Customs on veterinary and health requirements for dairy products to be exported, TH Group has met all strict requirements and conditions set by China. Also, in April, TH Group inked an MoU for a strategic partnership on market development and consumption of foodstuffs, farm produce, … [Read more...] about Agriculture driving economic growth