Economy and commerce
New regulations on foreign exchange management
The State Bank of Viet Nam has issued Circular No. 06/2019/TT-NHNN on foreign exchange management for foreign direct investment activities in Viet Nam.The Circular, scheduled to take effect since September 6, 2019, regulates such activities like capital contribution, opening and use of foreign currency and ...
Escalating trade war to hit Vietnam’s exports
The intensifying trade war between China and the U.S. threatens to derail Vietnam’s export growth with the weakening of the Chinese yuan. Vietnam’s exports in the first six months rose 7.2 percent year-on-year, lower than the average growth of 11.6 percent in the last five years, ...
Dat Nguyen
New association aims to untangle legal impasse
On August 7, a new association for studies and consultancy for business and investment activities in Vietnam will make its debut, expecting to bring the best benefits to businesses and contribute to law-making and enforcement.In alignment with improvements in investment policies, both domestic and foreign ...
Bich Thuy
New resilient and innovative development strategy required for next decade
The new development strategy for the next decade must be designed to help Viet Nam accommodate itself to the international context and promote the advantages of the country gained after more than three decades of Reform. Prime Minister Nguyen Xuan Phuc stressed the point at ...
Gov't reviews overall picture of four key economic regions
Prime Minister Nguyen Xuan Phuc chaired a meeting on Friday to hear a report summarizing the overall picture of Viet Nam’s four key economic regions and their impacts on national growth. The four key economic hubs are: Northern Economic Region, Central Economic Region, Southern Economic Region, and Mekong ...
Central Highland provinces enhance development of renewable energy
In recent years, Central Highland provinces, mainly Dak Lak and Gia Lai, have attracted a number of domestic and foreign investors to survey and invest in solar and wind power. So far, many projects have been implemented and put into operation, significantly contributing to ensuring national ...
Programme promotes social initiatives launched
The En Xanh (Green Swallow) programme 2019 to honour social business initiatives was launched in Hanoi on July 24. The programme is jointly hosted by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Union of Science and Technology Associations, the United Nations Development ...
Hanoi city aims to improve startup ecosystem
Hanoi is taking measures to tackle difficulties facing local firms, especially newly established small- and medium-sized enterprises (SMEs). The city also aims to support the establishment of from 2-3 business incubators or startup spaces, facilitate the formation of from 3-5 private startup investment funds and attract ...
Vietnam’s coffee exports plummet as robusta prices fall
The sharp fall in export earnings was caused by the price of robusta coffee falling in London due to a global glut, with Vietnam getting the lowest rates of all exporters.The price is decided by rates fixed on global coffee trading floors at the time ...
White Book on Vietnamese Businesses 2019 launched
The first edition of the White Book on Vietnamese Businesses was launched at a ceremony in Hanoi on July 10. The White Book, compiled by the General Statistics Office under the Ministry of Planning and Investment, contains essential information assessing the development of enterprises across the ...
