The International Business Colloquium entitled International business environment in Vietnam: opportunities, challenges and how to move forward at RMIT Vietnam’s Hanoi campus “Which country based on the human resource would be more successful (such as Japan and South Korea) than the one only relied on natural resources for development,” Dr Tran Du Lich, the main speaker said at an event organized at RMIT Vietnam’s Saigon South campus last month. RMIT Vietnam’s Discipline Lead for the International Business program Dr Nguyen Quang Trung Dr Nguyen Quang Trung, RMIT Vietnam’s Discipline Lead for the International Business program, speaker and organiser of the event said that there is a need from the strong collaboration of the education and training system to develop the human resources.“In order to create a strong economy by its own human resources, local and international universities … [Read more...] about What is the solution for an open business environment in Vietnam?
Environment
Government makes progress in improving business environment
This year, the government adopted new incentives, simplified administrative procedures relating to credit, tax, land, construction, and imports-exports, and reduced business conditions. A wide range of meetings and forums between the government and entrepreneurs were held, while innovations and start-ups were encouraged. Impressive figuresImportant decisions for the development of the private economy were made, including the Law on Supporting Small and Medium-sized Enterprises and dozens of decrees on slashing business conditions. 80% of the total 1,100 proposals from the business community were dealt with. All this resulted in more than 120,000 new enterprises, the most in the 17 years since the Law on Enterprises was adopted. More than 25,000 enterprises resumed operation and 17.5 billion USD Foreign Direct Investment was disbursed, a 10-year high. Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry, said: “At the beginning of its term, the government … [Read more...] about Government makes progress in improving business environment
Forum calls for improvement of business environment
Further improving the business environment and facilitating the private sector’s development were part of the focus at the Vietnam Business Forum. In his speech at the forum, Prime Minister Nguyen Xuan Phuc said the Government will prioritise investment in infrastructure towards smart and efficient connectivity to improve transparency, and help businesses cut cost and boost competitiveness, while encouraging capital flow into education and technology.David John Whitehead, Chairman of Mavin Group told the reporter that the Government's effort to facilitate is remarkable, and that he had faith on the Prime Minister's words for the sake of foreign businesses in Vietnam. Investors and experts called for closer and more effective coordination between the private and state sectors. They said in the context of limited capital, it is necessary for Vietnam to set up an obvious legal framework for public private partnership.They said the country also needs a financial market … [Read more...] about Forum calls for improvement of business environment
Dong Thap – bright star in investment environment: PM
Dong Thap(VNA) – Dong Thap has for many years been a bright star in investment andbusiness environment, and a role model for other localities in supplying good administrativeservices for locals and businesses, stated Prime Minister Nguyen Xuan Phuc.Addressing the DongThap Investment Promotion Conference in Cao Lanh city on December 19, theGovernment leader noted that the accompanying spirit is a strength of the localgovernment at all levels, which helps the province initiate many effective measuresto attract investment and deal with businesses’ obstacles.Dong Thap is a MekongDelta region’s hub in rice production with over 3.3 million tonnes per year,along with nearly 400,000 tonnes of tra fish.The province iswell-known for its hundred-year-old Sa Dec flower village, Cham Chim NationalPark, and Go Thap historical relic site.For many years, it isamong top localities with high Provincial Competitiveness Index and PublicAdministrative Performance Index, and effective … [Read more...] about Dong Thap – bright star in investment environment: PM
Plastics enterprises frustrated over environment taxes
Plastics enterprises frustrated over environment taxes By Van Nam - The Saigon Times Daily Bui Quang Thinh, deputy general director of Tan Tien Plastic Packaging JSC, explain functions of environmentally-friendly plastic bags whose criteria have yet to be issued by relevant authorities - Photo: Van NamHCMC – The Vietnam Plastic Association (VPA) has sent petitions to relevant authorities, calling for halting or delaying the application of the environment tax on plastic bags owing to ambiguous regulations, said chairman Le Quang Doanh. The chairman in a press briefing held last Friday cited feedbacks and outcries of industry players relating to the Environment Tax Law applied on plastic bags effective from January 1. According to Doanh, enterprises, relevant authorities and consumers are still confused over unclear guidance documents though the law has taken effect for over one month. Many companies still do not know whether their products are tax-exempt or not, although … [Read more...] about Plastics enterprises frustrated over environment taxes