Prime Minister Nguyen Xuan Phuc at the event (Photo: VNA) Hanoi (VNA) – The restructuring of agro-forestry companies has created jobs to workers in border, remote and ethnic minority regions, contributing to socio-political stability, agricultural and new rural development, heard a conference in Hanoi on November 18. The event aimed to review the five-year implementation of the Politburo’s Resolution No.30-NQ/TW dated March 12, 2014 and the Government’s Decree No.118/2014/ND-CP dated December 17, 2014, on the arrangement, renewing, development and improvement in the operational efficiency of agricultural and forestry companies. Speaking at the event, Deputy Prime Minister Vuong Dinh Hue, who is also head of the Central Steering Committee for Business Innovation and Development, said 160 out of the 256 agro-forestry companies shifted to the new model as of June 30, 2019, adding that the Government will strive to basically complete the task by 2020. … [Read more...] about Conference reviews restructuring of agro-forestry companies
Business insight
HCM City ensures supply of essential goods for Tet
Customers in a supermarket in HCM City (Photo: VNA) HCM City (VNS/VNA) - Ho Chi Minh City authorities are working with local businesses to ensure supply of essential goods under the city’s market stabilisation programme for the Tet (Lunar New Year) holiday. Under the market stabilisation programme for the year, essential foods include 10 commodity groups. These goods normally account for 25-30 percent of market demand, but in the months prior to and during Tet, the figure rises to 30-40 percent. Tran Duy Dong, director of the Ministry of Industry and Trade’s Department of Domestic Market, said it would ensure supply of essential goods in the last months of the year and during January. The holiday falls on January 25. Dong, however, pointed out that the supply of essential goods and stabilised prices are “ensured at supermarkets, but prices at traditional markets are not”. The ministry will … [Read more...] about HCM City ensures supply of essential goods for Tet
78 percent of enterprises satisfied with tax administrative reform
Illustrative image (Photo: VNA) Hanoi (VNA) – About 78 percent of surveyed enterprises showed their satisfaction with tax administrative reforms in 2019, up 3 percent compared to 2016. The information was released at a seminar held in Hanoi on November 18 to announce the results of a survey measuring the satisfaction of enterprises with administrative reforms in the taxation sector in 2019. The survey was conducted by the Vietnam Chamber of Commerce and Industry (VCCI) which analysed data from 1,727 enterprises. Dau Anh Tuan, head of the VCCI research group, said that reform efforts of the Ministry of Finance and the General Department of Taxation in particular over the past five years have brought about practical benefits and received recognition from the business community, helping to save time and costs for enterprises. Compared to the survey results in 2016, this year’s survey sees increasing scores in the service of tax officials, access to information and tax … [Read more...] about 78 percent of enterprises satisfied with tax administrative reform
Open-end funds expect stronger performance in 2020
Screens show share prices at VNDirect Securities Corporation. The firm's IPA Asset Management and other investment funds in Vietnam are eyeing further improvement in 2020 (Photo: tbck.vn) Hanoi (VNS/VNA) - Open-end funds in Vietnam are looking forward to better performance in 2020 as more investors seek assistance from funds’ products and services. The number of investors opening new accounts at open-end funds in Vietnam was 35,000 at the end of September, according to the Vietnam Securities Depository (VSD). Meanwhile, only 900 accounts were closed. The total number of trading accounts at open-end funds in Vietnam as of September 30, 2019 was 110,000 – which was 12 times the figure recorded four years ago. The total number of active funds in Vietnam was 28. In 2019, six new funds were set up. Most investors are domestic individuals. More than 720 accounts belong to foreign individual investors. In addition, nearly 100 foreign institutional investors and more than 220 … [Read more...] about Open-end funds expect stronger performance in 2020
Vietnam, China have room to grow trade ties: experts
A Vietnamese factory processing tra fish for exports (Illustrative image. Source: VNA) Hanoi (VNS/VNA) - Vietnamese and Chinese enterprises are encouraged to tap into the great bilateral trade potential driven by the two countries’ open trade policies, experts have said. Vietnam values and gives priority to strengthening economic and trade cooperation with China, and hopes to receive greater investment from China and the overseas Chinese community, said Nguyen Noi, Deputy Director of the Foreign Investment Agency under the Ministry of Planning and Investment. “I’m pleased to see that many leading Chinese corporations are expanding their investments in the fields of electronics, renewable energy and IT, applying modern technology and bringing more value in line with Vietnam’s foreign investment orientation,” Noi told a conference on Vietnam-China trade and investment last week. China continued to be Vietnam’s … [Read more...] about Vietnam, China have room to grow trade ties: experts
