National Assembly Chairwoman Nguyễn Thị Kim Ngân and her Korean counterpart Moon Hee-sang with participants of the Việt Nam – RoK Trade and Investment conference in Seoul on Friday. - VNA/VNS Photo Trọng ĐứcViet Nam News HÀ NỘI — Việt Nam pledged to develop effective policies and create the most favourable environment for foreign investors, in general, and those from the Repulic of Korea (RoK), in particular, to successfully do business in Việt Nam, National Assembly (NA) Chairwoman Nguyễn Thị Kim Ngân said. Ngân stressed this while speaking at the Việt Nam – RoK Trade and Investment conference in Seoul on Friday – the final day of the Vietnamese legislator’s four-day official visit to the RoK. The conference, co-organised by the Việt Nam Ministry of Planning and Investment, the Vietnamese Embassy to RoK and the Korea Chamber of Commerce, was also attended … [Read more...] about VN pledges favourable environment for Korean investors: NA Chairwoman
Environment
Extending anti-corruption fight to private sector enables fair business environment
Viet Nam News HÀ NỘI — After years of debate, the revision of the anti-corruption law was adopted last month with near-complete approval from the National Assembly, extending the fight against rampant corruption in the country’s private sector. The decision had been widely welcomed as showing the Vietnamese Government’s commitment to creating a fair and transparent business environment as the country strives towards deeper integration into the global economy. Trần Ngọc Liêm, deputy inspector general of the Government Inspectorate, made the statement referring to a slew of new-generation trade pacts Việt Nam has signed, including the Europe-Việt Nam Free Trade Agreement (EVFTA), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). However, since it was the first time Việt Nam had officially instituted legislation to deal with corruption in the private sector, only “basic … [Read more...] about Extending anti-corruption fight to private sector enables fair business environment
VN needs business environment reform breakthrough
Viet Nam still needs to make more reforms to achieve sustainability in economic growth, five years after implementing Government Resolution 19 on improving the business environment and enhancing national competitiveness. Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM) spoke to Vietnam News Agency about this issue. How do you review the implementation of Government Resolution 19 on improving the national business environment and competition? Resolution 19 started to be implemented from 2014. Since then, the quality of the national business environment has begun to improve according to World Bank (WB) indicators. There are some very good indicators such as the getting electricity indicator at the top 30 at present from around 150th-160th and the indicator of protecting minority investors up to 80th position from being unlisted before. However, Viet Nam has not gained the Government’s goal of becoming among the top four nations in terms of … [Read more...] about VN needs business environment reform breakthrough
Better business environment could spur South Korea investment in Vietnam
The Hanoitimes - South Korea takes the lead among Vietnam’s investors with US$60 billion as of 2018 with the operations of giant corporations namely Samsung, LG, Hyundai Motor, SK, Lotte, POSCO, CJ, Hanwha, LH Corp, Shinhan, Kumho, and Hyosung. South Korean firms are seeking to expand investment in Vietnam as they see evident improvement in the business environment which is largely created by effective policies over the past years. Deputy PM Trinh Dinh Dung meets Head of EDCF Kim Tae Soo in Seoul on Dec 4. Photo: Chinh Phu Good policies have translated into better macroeconomic indicators which serve as motivation for other sectors, mostly investment, to grow, South Korea officials and executives said at a meeting with Vietnamese Deputy Prime Minister Trinh Dinh Dung in Seoul on December 4. South Korean investors are interested in infrastructure, logistics, manufacturing, automobile, agriculture, and food processing, said Kim Tae Soo, head of … [Read more...] about Better business environment could spur South Korea investment in Vietnam
Japanese investors eye on Danang’s investment environment
It is also part of the city’s activities in 2018 aiming to mark the 45th anniversary of the establishment of diplomatic relation between Vietnam and Japan. The conference also is to popularize the city latest information of economy, people, infrastructure and other strategies to Japanese investors. Around 100 delegates including representatives from the Japanese Embassy to Vietnam, Japan Business Association in Vietnam, Danang, domestic and Japanese enterprises. Deputy Chairman of Danang Ho Ky Minh said Vietnam in general, Danang in particular highly appreciated contribution of Japanese investors in the country’s socio-economic achievements. For the years, Danang leaders have affirmed Japanese investors have been top investors in the city. As a result, Danang lured 670 FDI projects with total registered capital up to US$ 2.88billion. Of these, Japan invested 163 projects in the city worth US$ 675million. Many investors’ ideas have been raised at the conference … [Read more...] about Japanese investors eye on Danang’s investment environment