Investment environments

  The AHK publicises a report on German firms worldwide (Photo: VietnamPlus)   Hanoi (VNA) – Compared to other regional countries, Vietnam has received special attention from German businesses and become a magnet for investment in the medium term. The AHK World Business Outlook (AHK WBO) was conducted by the Association of German Chambers of Commerce and Industry (AHK), with the participation of German entrepreneurs in Vietnam. It showed that Vietnam is a top investment destination for German businesses with high expectations of economic development in the medium term. German enterprises are optimistic about their businesses as well as the prospects for growth in the next year, despite the instability of the global economy due to trade tension, the outlook said. [Germany helps improve Vietnam’s SMEs via innovation programme] Representatives of as many as 77 percent of German businesses in Vietnam said their business is better this year, much higher than the … [Read more...] about Vietnam remains attractive investment destination for German firms

Investment U.S. firms help HCMC resolve urban issues: AmCham The Saigon Times Daily Saturday,  Dec 14, 2019,17:06 (GMT+7) U.S. firms help HCMC resolve urban issues: AmChamThe Saigon Times Daily Le Thanh Liem, Vice Chairman of HCMC, speaks at a meeting with representatives of the American Chamber of Commerce in Vietnam on December 13 – PHOTO: VNA HCMC – The U.S. business community will help HCMC tackle pressing urban issues, especially transport infrastructure and waste treatment, to bolster the city’s economic growth, according to Amanda Rasmussen, chairwoman of the American Chamber of Commerce in Vietnam. Rasmussen was in talks with the city’s vice chairman, Le Thanh Liem, while meeting on December 13, reported the Vietnam News Agency. Cooperation between Vietnam and the United States has made significant progress since normalizing relations. Over the past 25 years, their leaders and people have … [Read more...] about U.S. firms help HCMC resolve urban issues: AmCham

Minister of Natural Resources and Environment Tran Hong Ha (R) and his Czech counterpart Richard Brabec (Photo: VNA) Prague (VNA) – Vietnam and the Czech Republic will enhance environmental collaboration under an action plan for cooperation during 2020-2025 signed between Minister of Natural Resources and Environment Tran Hong Ha and his Czech counterpart Richard Brabec in Prague on December 13. At the event, the two ministers spoke highly of the unceasingly consolidated traditional friendship between the two nations, describing it as a foundation for the environment ministries and sectors of both sides to boost cooperation in this field. Ha highlighted that the signing of the action plan, implementation of the Memorandum of Understanding signed between the two ministries in 2012 and the Vietnam-Czech environmental business forum will serve as a base for competent authorities of both sides to concretise cooperative activities in environment, climate change and technology … [Read more...] about Vietnam, Czech Republic step up environmental cooperation

  Deborah Greenfield, Deputy Director-General for Policy at the International Labour Organisation (ILO). Deborah Greenfield, Deputy Director-General for Policy at the International Labour Organisation, spoke to Viet Nam News reporter Thu Vân about the Vietnamese Government's efforts to change its labour laws in line with requirements on labour rights in free trade agreements it has recently ratified, like the CPTPP and the EVFTA, as well as the challenges ahead in the world of work.  Việt Nam has recently ratified the CPTPP and signed the EVFTA, and these two trade agreements include provisions on labour rights and require the country to make certain changes to its labour laws. Việt Nam has made changes to its labour code, ratified the ILO Convention 98 and plans to ratify Convention 87 on the freedom of association by 2023. How do you evaluate such efforts by the … [Read more...] about Việt Nam making strides in workers’ rights

Vietnam has gained certain achievements in completing the market mechanism, and adjusting the corresponding role of the State in the economy. However, Nguyen Chi Dung, Minister of Planning and Investment, said at the Vietnam Reform and Development Forum held recently in Hanoi, that the market-economy institutions in Vietnam actually have shortcomings which hinder development. Vietnam has gained certain achievements in completing the market mechanism, and adjusting the corresponding role of the State in the economy. As for private funding of public service, though the policy was supported by most people, 57 percent still expressed concern. Chi Mai  New FTAs put pressure on VN to reform business practices New-generation Free Trade Agreements (FTAs) are expected to help Viet Nam become more competitive if the country reduces trading costs and improves its business environment, experts said on Tuesday at a conference in HCM City.   Most enterprises in VN satisfied … [Read more...] about Economic institutional reform still has many shortcomings