Economy and commerce

There are 145 administrative procedures by relevant ministries and agencies which have been connected to the National Single Window (NSW), according to the latest data from the General Department of Vietnam Customs.Notably, the number of such procedures in 2018 was up to 98, while from ...

In a report on enhancing enterprise competitiveness and enhancing small and medium-sized enterprise (SME) linkages, it says Vietnam’s labor costs are higher than in comparable Southeast Asian peers. It defines labor costs for each firm as the cost of all payments to all workers divided by the ...

The Future of Finance Vietnam forum, which seeks to nudge the financial sector into adopting digital technology, will take place on January 10.The organizer, The Asian Banker, said the event, with the theme “Unlocking the potential in Vietnam’s Digital Economy”, would look at the financial ecosystem being ...

An article published by US magazine Forbes named Vietnam the hottest investment destination in Asia. According to the article, Vietnam attracted US$17 billion in FDI commitments last year, arguably the largest for an emerging market relative to its $250 billion GDP. In the first quarter of 2018, ...

Deputy Prime Minister Vương Đình Huệ asked all ministries and agencies to pay more attention to the importance of statistics, as incorrect data could ruin Government policies. He made the request yesterday at a conference held by the General Statistics Office (GSO) of Việt Nam, ...

Việt Nam is among the few ASEAN member countries to consistently improve its attractiveness to foreign investors due to its growing economy and improving business climate, according to experts.Keep reading ...

Vietnam has set a target to gain per capita income of around USD10,000 by 2035, according to Minister of Planning and Investment Nguyen Chi Dung.[]By late 2017, Vietnam’s GDP was estimated at USD220 billion and the country’s per capita income was at roughly USD2,300.Keep reading ...

Prime Minister Nguyen Xuan Phuc requested ministries and government agencies to remove and simplify at least 50% business and investment conditions in 2019.  []The success of the business community would bring prosperity for Vietnam in the next decades. Keep reading ...

Việt Nam ranked ninth out of 20 economies in the Sustainable Trade Index 2018 released by the Hinrich Foundation last week, up up two points in comparison with 2016’s result. The report was developed by the non-profit foundation Hinrich Foundation and British research and analysis firm The Economist ...

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to create 17,000 to 20,000 jobs each year for Vietnamese workers, said Dao Quang Vinh, director of the Institute of Labor Science and Social Affairs, under the Ministry of Labor, Invalids and Social Affairs.Keep ...