The headquarter of the Ministry of Planning and Investment in Hanoi. (Photo: baodautu.vn) Hanoi (VNA) – The Ministry of Planning and Investment (MPI) has just asked the Government to handle the state-owned enterprises (SOEs) which failed to disclose their business information in 2017 in line with the Government’s Decree 81/2015/ND-CP issued in September 2015. According to the ministry’s report, by the end of 2017, only 265 out of 622 SOEs sent reports to publicise their information on MPI’s business information portal. However, most of them sent only five out of nine reports required for publication. The rest mostly operate in irrigation, agriculture, forestry, and lottery in localities. They included the Shipbuilding Industry Corporation (Vinashin), the Vietnam Express Corporation (VEC), the Vietnam Northern Food Corporation (Vinafood), the Agriculture and Rural Development Bank (Agribank), and enterprises under the Ministry of Culture, Sports and … [Read more...] about SOEs failed to disclose business information to be punished
Businesses
PM attends Vietnam-New Zealand Business Forum
The event, which was attended by more than 300 businesses and investors from the two countries, was held in the framework of the Vietnamese PM’s official visit to NZ from March 12-14. PM Phuc told the audience that Vietnam’s business environment has been significantly improved in recent years as seen in assessments made by the World Bank and the World Economic Forum. He also cited the latest survey of the Japan External Trade Organization (JETRO) in late February which showed that nearly 70 percent of Japanese firms operating in Vietnam have plans to expand business in the country. Furthermore, more than 62 percent of Japanese businesses claimed that doing business in Vietnam is profitable. Prime Minister Nguyen Xuan Phuc (standing) speaks at the Vietnam-New Zealand Business Forum According to the Business Climate Index released by the European Chamber of Commerce in Vietnam (EuroCham) for the last quarter of 2017, 63 percent of businesses perceived … [Read more...] about PM attends Vietnam-New Zealand Business Forum
96 outstanding businesses to be honoured
The information was announced by the Central Steering Committee for the ‘Vietnamese give priority to Vietnamese goods’ campaign at a press conference on March 12. The event is expected to be broadcast live on the channel VTV 1. Launched in October, 2017, the organising board received nearly 300 nominations from local and industry associations over four months. Based on these profiles, 96 businesses were selected to receive the award, of which 10 businesses were honored as Top ten Vietnamese Brands; 10 businesses were honored as top ten Vietnamese Service Brands, and 76 enterprises won outstanding Vietnamese brands. The enterprises have made great achievements in production, business, and services in response to the ‘Vietnamese give priority to Vietnamese goods' campaign. Over nearly ten years, the campaign has made a significant contribution to the country's socio-economic development and to creating a product consumption network. It has also encouraged Vietnamese … [Read more...] about 96 outstanding businesses to be honoured
Outstanding businesses in made-in-Vietnam products campaign to be named
Specifically, 10 business will be awarded with the “Top 10 Vietnamese product brands” title, while 10 others will be named in the “Top 10 businesses holding excellent Vietnamese brand services” category. The remaining will receive the “outstanding Vietnamese brand enterprises” award. Many Vietnamese products gain firm foothold in retail market The competition, the second of its kind, was launched in October 2017, with nearly 300 enterprises from across Vietnam nominated. The event, held for the first time in 2014, aims to honor outstanding Vietnamese products and services, and encourage domestic enterprises to invest in production and business and take advantage of science and technology advances to increase product quality. Speaking at a press conference in Hanoi on March 12, Le Viet Nga, deputy head of the Ministry of Industry and Trade’s Domestic Market Department, said the awards ceremony is in preparation for the 10th … [Read more...] about Outstanding businesses in made-in-Vietnam products campaign to be named
Vietnam needs more strong businesses, rich people: pundit
As the number of Vietnamese people with a fortune worth at least US$1 billion keeps increasing, it is time the country reconsidered the ‘anti-rich’ mindset, Tran Dinh Thien, head of the Vietnam Institute of Economics, has said. The way the public views the affluent and policies that assist people to get rich should both be changed to boost the country’s growth and prosperity, Thien told Tuoi Tre (Youth) newspaper in an interview. The interview was done shortly before four Vietnamese were named in a 2018 billionaire list by Forbes. They are Pham Nhat Vuong, the boss of multifaceted conglomerate Vingroup, Nguyen Thi Phuong Thao, CEO of low-cost carrier Vietjet, Tran Ba Duong, chairman of automaker THACO, and Tran Dinh Long, chairman of steelmaker Hoa Phat Group. Vuong’s assets rose significantly from $2.4 billion in the 2017 ranking to $4.3 billion in the latest list, and Thao, from $1.2 billion to $3.1 billion. Citing the annual 2017 Wealth Report by Knight … [Read more...] about Vietnam needs more strong businesses, rich people: pundit