Demark launches DANIDA business partnership Under the programme, GCF will provide VND216 billion (US$10.3 million) as non-refundable aid to between 50-60 private and non-State economic organisations in Nghe An, Thanh Hoa, Khanh Hoa, Phu Yen, Dac Lac, Lam Dong, An Giang and Can Tho provinces. Enterprises involving in agriculture, farm produce processing, fisheries, aquaculture, handicrafts and tourism will be given priority. Top priority will be given to female entrepreneur producers. GCF’s programme aims to help develop trade services, which bring active and long-term benefits to the development of the value chain towards exports. It also helps reduce financial risk for private and non-State organisations, which are providing new business services and new technology or are seeking new export markets and applying new business models. In the 2006-2010 period, GCF granted VND135 billion to 52 Vietnamese enterprises in Ha Tay, Nghe An, Khanh Hoa and Lam Dong provinces, generating … [Read more...] about Denmark helps Vietnamese business lift competitiveness
Businesses
Mekong Delta businesses target sustainable development
The Mekong River Delta Business Forum was held in the southern province of Ca Mau on October 20 with a focus on connectivity, cooperation and sustainable development in the Mekong River Delta region. The event is within the framework of the Mekong Delta Economic Cooperation (MDEC) Forum 2011 which is being held in the province. Addressing the forum, Pham Thanh Tuoi, Chairman of the Ca Mau provincial People's Committee emphasized that promoting cooperation and links among businesses in the Mekong River Delta is an inevitable trend in the international integration process. The Mekong River Delta has a population of 17 million, boasting the country's biggest seafood and rice output, and making up 20 percent of national GDP. At the forum, delegates agreed to implement three major solutions to develop businesses in the Mekong River Delta. Accordingly, a regional business council will be established to devise strategies and an appropriate roadmap for promoting product quality and brands … [Read more...] about Mekong Delta businesses target sustainable development
Ministry urges improved business climate
The Ministry of Planning and Investment has proposed the government to hasten efforts aimed at improving the business environment in 2018 (Illustrative image. Source VNA) Hanoi (VNA) - The Ministry of Planning and Investment has proposed the government to hasten efforts aimed at improving the business environment in 2018. The ministry said Vietnam’s ranking in doing business had improved considerably in the past four years since the government implemented Resolution 19 on improving the business climate and national competitiveness. However, it lacked sustainability because there were indices with no improvement at all or with results far below expectation, such as infrastructure quality, ease of starting a business or insolvency proceedings, the ministry said. It proposed Resolution 19 for 2018 to be issued with a focus on measures to lift those indices that ranked low as well as to add targets to improve competitiveness in the tourism and logistics sectors and to … [Read more...] about Ministry urges improved business climate
Stable financial polices keep business secure: PM
The PM was speaking at a conference held by the Ministry of Finance in Ha Noi to review finance-State Budget work for 2017 and roll out tasks for this year.He asked the financial sector to take the initiative in overcoming difficulties facing Viet Nam’s economy while studying economic policies of neighbouring countries to help domestic development.Deputy Finance Minister Tran Hong Ha said that in 2018, the financial sector will continue its cautious management of fiscal policies in close combination with monetary policies to further stabilise the macro economy, curb inflation and promote economic growth.Besides, he said more efforts would be channelled into collecting State Budget taxes, closely controlling budget spending and tightening financial regulations, stressing that budget collection was expected to grow by 3 per cent against the estimate assigned by the National Assembly (NA). Budget overspending is projected to be capped at 3.7 per cent of GDP as set by the … [Read more...] about Stable financial polices keep business secure: PM
Calls for improved business climate
The Ministry of Planning and Investment has proposed the government to hasten efforts aimed at improving the business environment in 2018. The ministry said Viet Nam’s ranking in doing business had improved considerably in the past four years since the government implemented Resolution 19 on improving the business climate and national competitiveness. However, it lacked sustainability because there were indices with no improvement at all or with results far below expectation, such as infrastructure quality, ease of starting a business or insolvency proceedings, the ministry said. It proposed Resolution 19 for 2018 to be issued with a focus on measures to lift those indices that ranked low as well as to add targets to improve competitiveness in the tourism and logistics sectors and to enhance labour productivity. Viet Nam’s target is to rank 50-60 in the business climate in 2018. Last year, the country moved up 14 places to rank 68th out of 190 countries, according to the … [Read more...] about Calls for improved business climate