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Attending the event were Vietnamese Ambassador to Laos Nguyen Ba Hung; Lao Deputy Minister of Planning and Investment and Vice Chairman of the Laos – Vietnam Cooperation Committee Khamphoi Keokinnaly; Chairman of the Lao National Assembly’s Committee on Planning, Finance and Auditing and Chairman of the Laos – Vietnam Friendship Association Central Committee Vilayvong Bouddakham; and former Director of the Lao National Economic Research Institute Bouasone Bouphavanh, among others. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

"The government will stand side by side with the people and entrepreneurs in their businesses. A business success has a contribution of the administration and its failure has the responsibility of the administration. The success of a business is the success of the government, people, the country,” PM Phuc noted. … [Read more...] about PM Phuc: Businesses bring about national prosperity

Chung made the statement at a gala held on October 11 celebrating the Entrepreneur’s Day (October 13).  Over the past few years, Hanoi has made the people and enterprises as the center of its services, and treasured the successes of investors and enterprises in the city, Chung added.  The effort is in line with the instruction of Prime Minister Nguyen Xuan Phuc on creating favorable conditions to realize the goal of turning the private sector into a major driving force for economic growth, Chung continued.  Specifically, Hanoi has been striving for administrative reform and enhancing the application of information technology in reducing costs and time for enterprises. 100% of business registrations, 100% of custom clearance procedures, 98.4% of tax returns and  97.6% of tax payment are now processed online. 430 administrative procedures have been streamlined. As a result, a number of administrative procedures in Hanoi have reached the average processing … [Read more...] about Businesses seen as pioneering contributor to Hanoi’s development: Mayor

The growth was fairly even in three main sectors with agro-forestry-fishery increasing by 4.05 percent, industry-construction posting a 9.7 percent growth rate and services climbing 6.7 percent. Meanwhile, the processing and manufacturing sector witnessed a record growth of 13.56 percent in recent seven years. The economic restructuring is moving in a rational fashion with the agro-forestry-fishery sector accounting for a proportion of 10.34 percent in the economy while the industry-construction and services sectors making up of 35.26 percent and 43.77 percent, respectively. More than 26,700 enterprises were established during January-March, with total registered capital of nearly 278.5 trillion VND (12.25 billion USD), up 1.2 percent in volume and 2.7 percent in value compared to the same time last year. Nearly 7,900 businesses added 485.5 trillion VND to their capital while 8,449 others resumed operations. The economy boasted strong development prospects as the number of … [Read more...] about Vietnam’s economy enjoys auspicious start

At the fifth sitting of the 14th National Assembly They also discussed the implementation of socio-economic development and the state budget plans in the first few months of 2018, alongside the state budget balance in 2016, during the sitting, which was broadcast live by Vietnam Television (VTV), the Voice of Vietnam (VOV) and the National Assembly Television Channel. … [Read more...] about NA reviews socio-economic development, state budget plans

He hoped entrepreneurs to promote their national pride, abide by the law, increase transparency, build business culture as well as entrepreneurs’ ethics and social responsibility of enterprises, and propel toward better competitiveness and innovation, as highlighted in the Government’s Resolution 35 on business development. … [Read more...] about PM highlights contributions of entrepreneurs to national development