(VOVworld)- Prime Minister Nguyen Xuan Phuc has lauded the Thailand-Vietnam Friendship Association for its contributions to the strategic partnership between Vietnam and Thailand. Meeting with Chairman of the association Prachuab Chaiyasan in Bangkok on Friday, the PM said he hopes the association will continue to work closely with the Vietnamese side in boosting people-to-people exchanges. He took the occasion to express his condolences for the passing of King Bhumibol Adulyadej. The PM was in Bangkok to pay respect to the late King of Thailand. On that day, Prime Minister Nguyen Xuan Phuc received President of Siam Cement Group (SCG) Roongrote Rangsiyopash and President of SCG Chemicals Cholanat Yanaranop. The SCG has operated in Vietnam since 1992, producing tiles, industrial packaging and PVC plastic, among other products. The company and the Petrol Vietnam are co-investing in the Long Son petrochemical complex (LSP), with total capital estimated at between 5 and 6 billion USD. … [Read more...] about The Vietnamese government pledges favorable conditions for Thai investors
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A target of one million startups by 2020 is going to need some serious funding. Vietnam recently launched an ambitious plan to transform the country from an offshore manufacturing hub for foreign companies into a major player in the global digital economy. In doing so, the government has adjusted business policies to pivot around small and medium-sized companies and encouraged the startup boom. There is no question that one of the challenges facing startups is to find the capital they need to get their ideas off the ground. There have been mixed opinions about whether or not the Vietnamese government should turn itself into a venture capitalist to support early-stage startups. Some experts don’t think that putting the government in charge of deciding which business ideas get funding and which don’t is a good idea. The Becamex Technology Innovation Center (TIC) in Binh Duong Province, just north of the country’s commercial hub Ho Chi Minh City, was launched in … [Read more...] about Should the Vietnamese government invest in startups?
(VOVworld) - Deputy Prime Minister Vu Van Ninh on Thursday led a government working team to the southern province of Dong Nai to inspect the progress of support policies aiding enterprises who had their property damaged due to the recent rioting. Working with local officials and representatives from Chinese Taiwan, Japanese and Republic of Korea businesses in Dong Nai, Deputy Prime Minister hailed the timely response of the local government in stopping some extremists from taking advantage of workers’ protests against China’s illegal placement of its oil rig in Vietnam’s waters to commit social disturbance, affecting the enterprises. He said that law-breakers have been arrested and will be put on trial openly reflecting justice. He noted that Prime Minister Nguyen Tan Dung has also directed ministries and localities to promptly give specific assistance to affected enterprises. … [Read more...] about The Vietnamese government pledges to stand aside foreign investors
A conference on the rights of ethnic minority groups in Vietnam’s northwestern region took place in Yen Bai province on Thursday. Delegates discussed law and policy for ethnic minority groups, major achievements in ensuring their human rights, and the human rights situation of ethnic minority communities in European and ASEAN countries. Ha Hung, Deputy Chairman of the Committee for Ethnic Minorities, said: “The Vietnamese government has implemented various measures and national target programs to ensure social equality for ethnic minority people. The Northwestern region has the most ethnic minority groups in Vietnam. The local authorities have gained important achievements in implementing the government’s ethnic minority policies, especially in poverty reduction, socio-economic development, and human rights”. The conference was part of the government’s cooperative program with the EU Delegation in Vietnam. … [Read more...] about Vietnamese government works to ensure social equality for ethnic minority people
(VOVworld) – The Minister-Chairman of the Government Office says that the Government will design support policies for poor and low-income people while managing the price of electricity under the market mechanism. At the monthly Government press conference for July in Hanoi on July 30, Vu Duc Dam said if a rate rise occurs immediately, it will affect the competitiveness of the national economy. This is why any adjustment of electricity prices has to be made in accordance with a roadmap. The Electricity of Vietnam needs a specific plan for communications, explanations, and the gathering of public opinions before making adjustments. Mr. Dam said “we believe that if the public is given enough information about Party and government policies, they will respond positively. We should base electricity prices on market prices with support mechanisms for poor and low-income people. The government should also apply financial and tax incentives to encourage businesses to invest more … [Read more...] about Vietnamese government will support people if electricity rate increases