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Opening the event, Secretary of the municipal Party Committee Vuong Dinh Hue said the conference looked to press on with administrative reforms and stronger improvement of the local business climate and competitiveness so that Hanoi can achieve as high as possible socio-economic results, with its gross regional domestic product growth 1.3 times faster than the whole country’s gross domestic product expansion, and the budget revenue target of 285 trillion VND (nearly 12.3 billion USD) this year. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JUNE 28

So far, Hanoi has prepared favourable conditions to welcome investment projects from both foreign and local investors. The city reported a breakthrough in the provincial competitiveness index (PCI) with a 40-point soar to stay at the top 10 cities and provinces having the highest PCI. In addition, Hanoi and Quang Ninh are pioneers in developing projects under the public-private partnership (PPP) model. It came in at second place in the 2019 Public Administration Reform Index (PAR Index) for the third year in a row with 84.64 per cent. Furthermore, administrative reforms and the implementation of online registration is highly appreciated by investors and enterprises. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JUNE 29

Cao Tien Dung, chairman of the province People’s Committee, said he had proposed at a meeting with Prime Minister Nguyen Xuan Phuc last month that priority should be given to inter-regional infrastructure works, especially highways such as Ben Luc-Long Thanh, Dau Giay-Phan Thiet and Dau Giay-Lien Khuong and Ring Roads No 3 and 4 and logistics systems and ports. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 1

In addition, there are four SOES that should complete divestment before November 30 this year. In case it cannot be done, those four will be transferred to the State Capital Investment Corporation (SCIC) before December 31. They are the Song Hong Corp, the Hanoi Construction Corporation-JSC, the Construction Corporation No. 1-JSC, and the Viet Nam Urban And Industrial Zone Development Investment Corporation, all under the Ministry of Construction. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 4

However, these firms are unlikely to be able to increase their capacity in the near future due to the impact of raw materials and hydrological conditions. Therefore, businesses that are keen on investing in renewable energy must be fully able to utilise opportunities for the development of the clean energy market, a sector that is considered to be a potential field that can serve to boost the revenue of firms in the time ahead. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 2