Cash rich business sectors

Trang also pointed out that with regard to the CPTPP, the country has faced an array of difficulties in taking full advantage of tariff incentives on garments and textiles as Vietnamese products must adhere to rules of origin whereby a certain ratio of materials from a product must originate from other CPTPP members. Currently, most of the nation’s supply sources of materials originate from China. … [Read more...] about BUSINESS NEWS OCTOBER 12

What’s more, in order to be a complete SDDC and verified by VMware, TPCloud should be equipped with hardware components, a technical support team, and data center infrastructure matching the global standards of VMware. It is also necessary to use other solutions in line with the requirements set out by ESXi, vCenter, NSX, vRealize Log Insight, vRealize Operation, Usage Meter, and vCloud Director. All system launching is carried out by VMware specialists transferring technology to TPCloud’s engineering team. … [Read more...] about BUSINESS NEWS OCTOBER 11

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

Organised by the Indian consulate, the event saw the participation of 56 Indian engineering companies led by the EEPC, who exhibited products at 2019 METALEX Vietnam in HCM City from Thursday to Saturday, together with many Vietnamese companies. … [Read more...] about India, VN eye closer co-operation in engineering sector

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

I have been in Vietnam for one year and have observed strong determination of your city’s leaders, particularly Chairman of the Hanoi People’ Committee Nguyen Duc Chung in making Hanoi a better place not only for the city’s people, tourists but also investors. Your efforts have been recognized by the fact that Hanoi jumped up four places and became one of the 10 cities and provinces with the highest competitiveness score in Vietnam. But I know Hanoi will not stop there. A friendly investment environment should make sense in all meanings: enabling businesses, promoting e-government with simplified and digitalized administrative procedures, and having a smart and green environment. My home city, Oslo, has a lot of lessons on promoting a green and smart city, for example banning cars in some parts of the city, removing parking spots and replacing them with new lanes for bicycles and tiny parks, improving public transport, electric city buses and making cycling safe and … [Read more...] about Foreign firms keen to invest in wide range of sectors in Hanoi: Diplomats