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The Hanoitimes - Hanoi Business Association aims to become a credible information channel for local authorities and enterprises, boosting the efficiency of public investment and simplifying administrative procedures. Hanoi is committed to providing further support and creating favorable conditions for enterprise development in 2021. Vice Chairman of the Hanoi Party Committee Nguyen Manh Quyen. Photo: Hoang Anh. Vice Chairman of the Hanoi Party Committee Nguyen Manh Quyen stressed the view at the 3rd Congress of the Hanoi Business Association (HBA) for tenure 2020-25 held recently in Hanoi. “The local authorities will provide a platform for the business community to make breakthroughs in 2021 and the subsequent years,” stressed Mr. Quyen, expecting the private sector to realize its role as a growth driver for the city. Mr. Quyen noted that the city will conduct measures to ensure sustainable and rapid development of the private sector, especially policies … [Read more...] about Hanoi committed to further supporting enterprise development in 2021

Illustrative image (Photo: VNA) Hanoi (VNA) – Denmark prioritises helping Vietnam’s energy sector with green development and transformation, Danish Ambassador to Vietnam Kim Højlund Christensen affirmed on February 24. He was speaking at an online signing ceremony of Memoranda of Understanding on cooperation in the supply of pile foundations and logistics ports for the La Gan offshore wind power project in the south central province of Binh Thuan. Collaboration in projects like La Gan will contribute to expanding and enhancing cooperation between the two countries in sharing information, and improving the capacity of experts and employees, especially in the offshore wind power supply chain, the ambassador said. The La Gan wind power project, with an estimated capacity of nearly 3.5 GW, is being developed by Copenhagen Infrastructure Partners (CIP), Asiapetro and Novasia. It is expected to generate electricity for over 7 million households each year. According to … [Read more...] about Denmark prioritises supporting Vietnam in green energy development

The Hanoitimes - In the 2021-25, SMEs in Hanoi are expected to create additional 1.5 million jobs, while making up over 40% of the GRDP, 30% of the state budget and 25% of total export turnover. Hanoi targets to have an addition of 150,000 new enterprises in the next five-year, or an average growth of new businesses at 10% per year, equivalent to 30,000 newly established ones. Deputies of Hanoi People's Council approved the plan to support SMEs in the 2021-25 period. This was one of the key objectives set in a resolution offering supporting measures for small and medium enterprises (SMEs) in the 2021-25 period, which was ratified today [December 9] by the Hanoi People’s Council with the endorsement of 100% of its deputies present. The city estimated the cost of support program at VND957 billion (US$41.45 million), which is financed by the public funding and counterpart funds of individuals and organizations participating in the program. Under the … [Read more...] about Hanoi targets creating 150,000 new enterprises in 2021-25

The Hanoitimes - The total number of newly-registered and reinstated enterprises in the ten-month period reached 148,900, down 0.3% year-on-year. New business formations in Vietnam in October rose by a sharp 18.4% month-on-month to 12,200, according to the General Statistics Office. 37,700 enterprises resumed operations in the first ten months of this year. Photo: Pham Hung. This month has also witnessed a decline of 18.5% month-on-month in combined registered capital to VND165.6 trillion (US$7.14 billion) and a fall of 12.7% in the number of workers hired by new enterprises to 72,400. The number of newly-established enterprises in Vietnam in the first ten months of 2020 was 111,200 with registered capital of a combined VND1,594.1 trillion (US$68.8 billion), down 2.9% in number but up 11.1% in registered capital year-on-year. Average registered capital per newborn enterprise was VND14.3 billion (US$617,122) during this period, up 14.4% year-on-year. … [Read more...] about Business formations in Vietnam surge 18% m/m in October

The groups include health professionals, the pandemic prevention and fight task force (members of steering committees, people working in quarantining areas, reporters and others), diplomats, and customs and immigration staffs, military personnel, police force, teachers, and the elderly aged over 65. Others include those working to maintain the supply of essential services such as aviation, transportation, tourism, electricity and water supply, as well as people with chronic diseases,people going abroad on a mission, to work, or study, and those in pandemic-hit areas. The Ministry of Health (MoH) has announced the plan on the reception, preservation, distribution, and use of COVID-19 vaccines during 2021-2022 with the support of the COVAX Facility – the global procurement mechanism of COVAX. Vietnam aims to have 80 per cent of its population get vaccinated against COVID-19. However, due to the limited supply, the rate can hit 20 per cent in 2021-2022. COVAX is co-led by the … [Read more...] about 11 priority groups eligible to first COVID-19 vaccination in Vietnam