MISA Joint Stock Company launched an accounting and business administration ecosystem. — Photo courtesy of MISA MISA Joint Stock Company last week launched an ecosystem of accounting and business administration platforms with an aim to promote national digital transformation. Viet Nam now has around five million business households which are expected to gradually transform into small or micro enterprises. Tax declarations and financial management could be a challenge for the businesses as most small Vietnamese firms do not have their own accountants but hire service companies. This is the reason MISA developed its accounting platform – MISA StartBooks – to help an accountant serve different businesses at the same time. An accountant could serve up to 200 firms. The platform helps accountants improve their productivity while enterprises can manage their finance at suitable prices. It would also help the Government make accounting figures more transparent, … [Read more...] about MISA launches accounting and business admin ecosystem
And business
Agricultural sector sees production and business growth in H1
A seafood processing line. The agricultural sector has maintained growth in the first half of this year despite facing difficulties. — Photo cafef.vn The agricultural sector has maintained growth in the first half of this year despite facing difficulties, especially the African swine fever epidemic which had a heavy impact on the domestic animal husbandry sector. Deputy Minister of Agriculture and Rural Development Phung Duc Tien made the statement at a press conference on June 17 about the sector’s production and business in the first half of the year. In the first six months of the year, the sector’s agricultural production value was estimated at 2.7-2.9 per cent higher than the same period last year. Of which, growth reached 1.68 per cent in farming, 4.53 per cent in forestry and 6.5 per cent in fisheries. According to the Ministry of Agriculture and Rural Development (MARD), the total export value of agricultural, forestry and fishery products in the first six … [Read more...] about Agricultural sector sees production and business growth in H1
Ca Mau to open Investment Promotion and Business Support Centre
An investment centre in Ca Mau Province is expected to help facilitate trade, investment and tourism activities. – VNA Photo Huynh The Anh A new Investment Promotion and Business Support Centre will be set up in Ca Mau Province, the provincial People’s Committee has announced. Though the province has taken steps to enhance trade, investment and tourism, more efforts are needed, according to Lam Van Bi, deputy chairman of the People’s Committee. Aside from providing consultancy and support for investment, business development and startups, the centre will also promote investment, trade and tourism in the area. Bi said the centre would allow for better co-operation between departments and districts, which will then be able to give advice on investment, trade and tourism events. The centre, which will assist in developing startup and investment policies, will have to cover part of its own operation costs. The centre will be run by Quach Van An, director of Ca … [Read more...] about Ca Mau to open Investment Promotion and Business Support Centre
Laboratories and businesses in HCMC need stronger bond
According to Deputy Director of the HCMC Department of Science and Technology Chu Van Hai, there are now more than 900 laboratories in the city, yet only 165 of which are qualitied by the Bureau of Accreditation to deliver services for businesses. Certain enterprises have their own labs, but these are not well equipped and in urgent need of support from educational institutes. Obviously, the participation of large –scale labs or testing centers to a certain extent ensure the results from smaller labs. Among the current laboratories in HCMC, many belong to universities, hi-tech parks, biotechnological centers. For instance, the HCMC Center of Analytical Services and Experimentation (CASE) possesses an Open Lab for Research, Application and Development (RAD Lab) especially for students and university lecturers, small and medium scale businesses, the startup community in the fields of physics and chemistry. Having state-of-the-art devices and machines that can meet international … [Read more...] about Laboratories and businesses in HCMC need stronger bond
Less multiple conditions for investment and business in finance (Part 2)
Question: What are remarkable amendments and supplements as stipulated in Decree 151? Answer: Decree 151 takes effect from the date of its promulgation and features the following: Field of casino business, horse, dog race and international football betting The regulation that before organizing casino business activities, enterprises must meet the conditions for security and order in accordance with Decree 03/2017/ND-CP is abolished. The conditions for the managers and executives of any casino dealing enterprise are also simplified pursuant to Decree 151. Abolishing the conditions for undertaking to comply with the Vietnamese and international law; undertaking to ensure social security and order while simplifying the conditions for plans for investing in technology systems, technical equipment and business software with regard to the procedures for applying for the Certificate of investment registration in horse and dog race stadium projects, including betting services on horse … [Read more...] about Less multiple conditions for investment and business in finance (Part 2)
Less multiple conditions for investment and business in finance (Part 1)
Question: What are remarkable amendments and supplements as stipulated in Decree 151? Answer: Decree 151 takes effect from the date of its promulgation and features the following: Field of accounting and auditing Decree 151 repeals the condition on obtaining the Certificate of Eligibility for audit service business along with four other conditions as stated in Decree 84/2016/ND-CP for an auditing Organization to be approved for auditing a unit related to the general public’s interests. As opposed to Decree 174/2016/ND-CP and Decree 17/2012/ND-CP, foreign auditing and accounting enterprises are now exempted from three conditions, especially including the voluntary coverage of professional liability insurance for accountants and auditors practicing in Viet Nam. In addition, the regulation that the representative for the organization’s capital contribution at an auditing limited liability company must be the auditor practicing in such audit company pursuant to Decree … [Read more...] about Less multiple conditions for investment and business in finance (Part 1)
Europeans work to save Iran deal, and business, after Trump pulls out
Dismayed European allies sought on Wednesday to salvage the Iran nuclear deal and preserve their Iranian trade after President Donald Trump withdrew the United States from the landmark accord and ordered sanctions reimposed on Tehran. “The deal is not dead. There’s an American withdrawal from the deal but the deal is still there,” French Foreign Minister Jean-Yves Le Drian said. But Iranian President Hassan Rouhani, a pragmatist who helped engineer the 2015 deal to ease Iran’s economically crippling isolation, told French counterpart Emmanuel Macron in a phone call that Europe had only a “limited opportunity” to preserve the pact, the Iranian Students’ News Agency reported. “(Europe)... must, as quickly as possible, clarify its position and specify and announce its intentions with regard to its obligations,” ISNA quoted Rouhani as telling Macron. Macron, who like other European leaders had lobbied Trump to keep the agreement that … [Read more...] about Europeans work to save Iran deal, and business, after Trump pulls out
Military-run economic units well implement both defense and business tasks
The above statement was made at a conference of military-run economic units recently held by the Ministry of National Defense. Photo for illustration Reports at the meeting read that commands and Party committees of military-run economic units effectively conducted a number of emulation movements, such as “Military-run economic units in international integration and development” and “Productivity, quality, efficiency and safety”, while proactively applying scientific and technological advancements to their management of business operation and production in line with the Fourth Industrial Revolution, as well as improving their competitiveness on the market, completing their business and production plans, increasing their turnovers, maintaining jobs and improving living standards of their employees. Alongside implementing their defense and business tasks, military-run economic units also completed the construction of 28 out of 33 defense-economic … [Read more...] about Military-run economic units well implement both defense and business tasks
BSR strives to develop production and business
Photo for illustration By the end of 2017, BSR’s budget collection hit nearly USD6.5 billion, a two-fold increase against total investment of Dung Quat Oil Refinery Plant (about USD3 billion). The company’s production and business efficiency in 2017 were shown through targets such as: pre-tax profit at VND8.144 trillion (equivalent to more than USD350 million), after-tax profit/ROE posting 23%, much higher than 14% of last year, and after-tax profit/ROS reaching 9.5%, much higher than 6.1% of last year. Security, safety, environment and fire prevention are also great concerns with more than 15 million hours of safe working hours. BRS’s Environmental Health Management System integrated ISO standard 14001:2015 on environmental management system, OHSAS standards 18001:2007 on safety management system, and OSHA standards 3132 on technology safety management system and other standards. This year, it updated 95 incident response scenarios, conducted 82 exercises on … [Read more...] about BSR strives to develop production and business
Trade counselors to talk with southern local government officials and businesses
The Commercial Counsellors' Conference 2018 aims to enhance external economic activities, foreign market expansion and trade promotion according to Party guidelines and State laws, particularly the Law on Vietnamese Representative Offices Abroad for the 2017-2020 tenure regarding renewing, improving the quality of and fine-tuning trade offices as well as strengthening coordination between the MOIT and other ministries, departments and localities in the context of comprehensive international economic integration.The Commercial Counsellors' Conference 2018 was held in Hanoi on February 7 with the participation of Vietnamese counsellors from 57 trade offices and seven branches abroad together with representatives from ministries and enterprises. Addressing the conference, Prime Minister Nguyen Xuan Phuc appreciated contributions of trade consellors and trade offices to promoting the country’s exports, especially helping special agricultural products enter foreign markets such … [Read more...] about Trade counselors to talk with southern local government officials and businesses