Apec best practices for promoting supporting industry

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

U.S. Ambassador to Vietnam Daniel Kritenbrink (L) poses for a photo at the launch ceremony of the “Wonders of Vietnam” project at the Vietnam National Fine Arts Museum last week – PHOTO: COURTESY OF THE U.S. EMBASSY IN VIETNAM HCMC - The Vietnam National Administration of Tourism and Google Arts & Culture launched an online project featuring multiple highlights of Vietnam’s heritage sites late last week, aimed at capturing and preserving the beauty of Vietnam for audiences all over the world. … [Read more...] about Online exhibition project promotes Vietnam’s heritage worldwide

It was published on the occasion of the 13th National Party Congress this week. The article reviewed milestones of Vietnamese foreign affairs policies mentioned in the Party documents since 1986 and looked into diplomatic achievements and lessons learned over the past 35 years. Minh called the first period of đổi mới (from 1986 to 1995) the period of “breaking the embargo siege and bringing the country out of serious economic crisis”. The Communist Party of Vietnam reviewed the changing regional and global situation to respond to the new developments and determine foreign policies and directions in the new situation. In Politburo Resolution No 13 in May 1988, the Party set the policy of co-existence in peace. Accordingly, Vietnam would be able to maintain independence and build a socialist state with a strong economy, defence and the expansion of international co-operation relations. Vietnam's foreign policy was consolidated at the seventh Party … [Read more...] about Looking back at Vietnam’s external affairs over the past 35 years

As of the end of March, the Nghi Son Economic Zone had 228 domestic projects, valued at 130.08 trillion VND (5.63 billion USD at current exchange rate), and 19 foreign-invested projects worth over 12.6 billion USD. Other industrial parks attracted 335 domestic projects with total registered capital of 18.38 trillion VND and 41 foreign-invested projects with accumulative capital of 703 million USD.  … [Read more...] about Thanh Hoa: a promising investment destination

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