Strategic business continuity plan

Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has recently approved a legal assistance program for small-and medium-sized enterprises (SMEs) in the 2021-2025 period. The programme aims to promote awareness and sense of legal compliance and reduce legal risks and obstacles of SMEs that account for majority of the country’s total businesses, the Vietnam Government Portal (VGP News) reported. Under the programme, ministries, agencies and localities shall have to update policies and legal assistance programs for SMEs, collect all feedbacks regarding legal obstacles from SMEs and report to competent authorities for refining legal regulations. Legal assistance shall be conduct in a diverse manner, including direct and indirect forms such as forums and dialogues as well as via various platforms. Earlier on June 2019, the Government issued Decree No 55/2019/ND-CP on legal assistance to SMEs. The Decree outlines supporting policies for household businesses which change their business … [Read more...] about Gov’t continues legal assistance to SMEs

Minister Counsellor Bui Huy Son, head of the Vietnam Trade Office in the US, emphasised that Vietnam-US ties in the past 25 years have seen considerable progress and the two nations have become important trade partners, with breakthroughs in bilateral trade. … [Read more...] about Vietnam-US friendship thrives after a quarter of a century

Hanoi (VNS/VNA) - The increase in Vietnam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems.  Foreign shareholders play important roles in supporting business activities and creating a good image for public listed companies. After achieving initial cooperative targets, some organisations plan to disinvest.  Vietnamese companies witnessed the withdrawal of many foreign investors, but their businesses are still growing due to accumulative management skills during the cooperation period. Lucerne Enterprise Ltd and NS Advisory Inc Pte.Ltd of Nikko Indonesia sold millions of Licogi 16 (LCG) shares at the end of 2020. The Indonesian shareholders started to invest in LCG in 2014.  The LCG shares price ended last Friday at 14,750 VND, up 96.4 percent year-on-year. The share price almost hit a … [Read more...] about Vietnamese firms thrive despite divestment of foreign shareholders

Apart from Nghi Son Port that can handle ships of 50,000 DWT, many seaports are under construction, such as Long Son, which is designed to accomodate ships of 100,000 DWT, serving as the door for the north-central region and the entire northern region to head towards the sea.  … [Read more...] about Thanh Hoa: a promising investment destination

Hanoi (VNA) - The Hoa Lac Hi-Tech Park in Hanoi has attracted 93 investment projects with registered capital of more than 90.25 trillion VND (3.9 billion USD) so far, including more than 7.95 trillion VND in investment approved last year, the Ministry of Science and Technology has said. Of particular note, several outstanding hi-tech products have been developed and manufactured at the park, including 5G smartphones and 5G network equipment made by Vinsmart in cooperation with Qualcomm, marine radars using 4G and 5G technology made by Viettel, and aircraft engine components and hi-tech cutting tools for the aerospace industry made by Hanwha. At a recent conference of the park’s management board, Minister of Science and Technology Huynh Thanh Dat highlighted the Party and Government’s policy of building it into a science and technology city and a smart ecosystem for science-technology development, to contribute to national development. To promote its development, he asked … [Read more...] about 3.9 bln USD channelled into Hoa Lac Hi-Tech Park