Foreign invested sector

Hanoi (VNA) - The national finance sector has recorded important developments and made decisive contributions to the country’s achievements, according to member of the Party Central Committee and Minister of Finance Dinh Tien Dung. Addressing a discussion within the framework of the 13th National Party Congress on January 27, Dung said the financial sector has implemented the policy of e-government development towards a digital government and digital economy, and promoted IT application and development. Businesses now basically conduct all tax declarations, tax payments, tax refunds, and customs procedures via digital platforms. The restructuring of the State budget and public debt in the 2016-2020 period helped strengthen national finances while mobilising more resources for COVID-19 prevention and control, supporting the national economy to avoid recession, helping Vietnam become one of the few economies posting positive growth in 2020, and creating an important foundation … [Read more...] about Finance sector contributes decisively to national achievements: Official

Workers inside TPR Việt Nam Limited Company at the VSIP II Industrial Park in Bình Dương Province, which is among the locomotives driving the southern key economic zone.—VNA/VNS Photo Hải ÂuViet Nam News BÌNH DƯƠNG – As one of the fastest growing provinces in the key southern economic zone, Bình Dương is among the hottest investment destinations in the country. … [Read more...] about Bình Dương is a magnet for foreign investors

Industry promotion activities boost outstanding local products According to the Yen Bai Province Department of Industry and Trade, in the 2016-2020 period, the industry promotion program deployed 126 projects and supported 132 rural industrial establishments with a budget of over VND208.29 billion, VND24.2 billion of it from the state and VND184 billion from rural industrial establishments. The capital was used to help businesses in producing tea, cinnamon, cinnamon essential oil, plantation timber and building materials, promoting their products, increasing incomes and creating jobs for over 2,000 local direct workers and thousands of indirect workers. … [Read more...] about Yen Bai Province encourages investment in agricultural processing

We urged President Trump’s team to resolve issues with Vietnam by negotiation and not by resorting to duties, tariffs, or other harmful trade barriers. Feedback and pressure from the business community made a huge difference in the outcome of this case. That is why our members place great importance on engagement with both governments. We believe that robust dialogue between the private sector and government helps lead to optimal public policy outcomes. Most importantly, our business community strongly believes that both countries can prosper together. … [Read more...] about Incentives for US and Vietnam to prosper together

HÀ NỘI — The effective management of foreign loans has transformed Việt Nam from a poor and heavily indebted country to one that international organisations consider to have a controlled external debt and is not in the group of countries with a debt burden. … [Read more...] about Việt Nam’s foreign debts under control