Dinh Trong Thinh, a professor at the Academy of Finance in Hanoi, said: "If the second COVID-19 wave develops complicatedly, the economy could go into a state of turmoil. Then businesses, especially small and medium-sized enterprises with limited capital will not make it," he said. … [Read more...] about Second COVID-19 wave could sink local businesses
Attention economy understanding the new currency of business
VN businesses slow in preparing to enjoy preferential tariffs in EVFTA
Truong Van Cam, deputy chairman of the Viet Nam Textile and Apparel Association, said the association continues to request the Ministry of Industry and Trade to complete the Textile and Apparel Development Plan until 2035, which must clarify requirements for the construction of concentrated industrial parks for textiles and clothing, including waste water treatment. … [Read more...] about VN businesses slow in preparing to enjoy preferential tariffs in EVFTA
VN Civil Aviation Authority’s plans for new Quang Tri Airport face opposition
Hanoi suggested to build new airport to boost economic linkages Enhanced transport infrastructure would help expand the development to Hanoi’s southern part and form economic triangles of Hanoi – Hai Phong – Quang Ninh and Hanoi – Thanh Hoa – Nghe An. … [Read more...] about VN Civil Aviation Authority’s plans for new Quang Tri Airport face opposition
Local businesses slow in preparing to enjoy preferential tariffs in EVFTA
In addition, the EVFTA's rules on origin are quite complicated. The complexity is the reason that many Vietnamese face mask manufacturers are ineligible to export to the EU, even if they already have customers, because they do not have the required medical certificates. … [Read more...] about Local businesses slow in preparing to enjoy preferential tariffs in EVFTA
New top-level coordinating body to provide boost for Mekong Delta provinces
To enhance the effectiveness of inter-regional cooperation programs, the prime minister decided to establish the Mekong Delta Coordinating Council for the 2020-2025 period, to be headed by Deputy Prime Minister Trinh Dinh Dung. The council is responsible for putting forward mechanisms, policies, strategies, plans, projects, programs and tasks to achieve sustainable and climate-resilient development of the region. It assists the prime minister in directing and overseeing the implementation of the regional master plan, strategies, mechanisms, policies, projects and programs. The council is also tasked with organizing regional investment, trade, tourism promotion events. … [Read more...] about New top-level coordinating body to provide boost for Mekong Delta provinces
