Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
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Vietnamese prisoner sentenced to death for running drug ring from behind bars
A Vietnamese man has been sentenced to death for running a drug ring during his time in prison. The People’s Court in the north-central province of Nghe An held a trial on Tuesday to decide the case of 46 year-old Phan Dinh Tuan and his accomplices, who had all been involved in the illegal trade and transport of 294 heroin cakes, weighing 102 kilograms. Given the extremely serious nature of the crime, the jury decided on the death penalty for Tuan and four other members of the drug syndicate, Ho Su Co, 34, Phan Thanh Ton, 28, Vu Thanh Trung 53, and Nguyen Quoc Thang, 40. Nguyen Thi Huong, Tuan’s girlfriend, was sentenced to12 months in prison for her role in aiding and abetting the crime. According to the case file, police in Nghe An caught Co red-handed in February 2014 while he was carrying 60 heroin cakes near Ben Thuy Bridge. Co had been hired by Tuan to deliver the drugs from Ton to Trung in … [Read more...] about Vietnamese prisoner sentenced to death for running drug ring from behind bars
Localities Tasked with Creating Favourable Business Environment
Localities Tasked with Creating Favourable Business Environment The commitment signed by the Vietnam Chamber of Commerce and Industry (VCCI) and all 63 provinces and cities in the spirit of the Governmental Resolution 35 on creating a favourable business environment for enterprises has initially produced positive results. However, to further support business, positive changes and reforms need to be more drastic. In addition to commitments based on tasks in Resolution 35, provinces and cities made quantitative commitments such as business development targets to 2020, public administration reform targets for specific fields like business establishment registration, investment procedure settlement time, construction permit granting, land-use certification, tax and customs procedures, information technology, provincial competitiveness index (PCI) improvement. Time duration will reduce by 30 - 50 per cent from the current. Particularly, on the business development goal, 63 provinces … [Read more...] about Localities Tasked with Creating Favourable Business Environment
SMEs seek support to build their own brands
Viet Nam News HCM CITY - With their limitations in terms of capital, management, technologies and brand building, Vietnamese small and medium-sized enterprises (SMEs) need support to stay afloat amid the country's global integration, according to the Việt Nam Retailers Association (VRA). Speaking at a seminar titled "Brand Story" in HCM City on Thursday, Đinh Thị Mỹ Loan, chairwoman of the VRA, said SMEs account for a majority of businesses in Việt Nam and struggle on many fronts like resources, research and development among others. They are not very efficient at production or trading due to high costs and a lack of market research and ties with retailers and distributors. Brand building is very important for companies, especially SMEs, she said, adding that some Vietnamese SMEs are still struggling to build their brands. Nguyễn Xuân Tồn, owner of Long Triều Coffee Establishment in the Central Highlands province of Lâm Đồng shared his experience in developing his coffee brand, … [Read more...] about SMEs seek support to build their own brands
Red River plan should protect its ecosystem – Opinion – Vietnam News Politics, Business, Economy, Society, Life, Sports
As a historian, how would you respond to Hà Nội preparing a new plan for using the Red River's resources? We all know that the old imperial city of Thăng Long, Hà Nội at present, lies on the bed of the Hồng (Red) River. It was more than 1,000 years ago that King Lý Công Uẩn, the first Vietnamese Emperor, left Hoa Lư, the old imperial city, and moved to Đại La in present day Hà Nội. History books show that urban areas developed always on the banks of rivers. That is not true of Hà Nội. It is a city, but its development has not spread along the Red River's banks. In 1925 and 1926, Hà Nội was heavily flooded. Following this, the French colonial administration decided to build a big dyke to protect Hà Nội from flooding. This was the reason that for a long time, only one side of the Red River developed. Meanwhile, on the other side of the dyke, poor management by authorities coupled with a rapid population boom and haphazard urban development, a chaotic urban space was created. So, with … [Read more...] about Red River plan should protect its ecosystem – Opinion – Vietnam News Politics, Business, Economy, Society, Life, Sports