The Provincial People's Committee has approved the instructions for intensifying the management of investment from the State capital and the governmental bond capital. Illustration photo - Source: Internet Accordingly, establishing schemes, plans, programs and projects invested from the State budget capital and governmental bond capital have to closely stick to the targets and orientation of plans to develop economy and society in the five years from 2011 to 2015 of the province, agencies and localities, gradually adjust investment structure in the directions of reducing the specific gravity of state investment, intensify methods to motivate sources of capital from domestic and foreign economic components to invest in economic- social infrastructure to be able to revoke the capital. While the government has not adjusted the regulations about decentralized investment administration, agencies, branches and district level People's Committee must observe the … [Read more...] about Intensifying the management of investment from the State capital and the governmental bond capital
Investment year method
Yen Bai Focusing on Investment and Business Environment Improvement
On 16 October, Yen Bai Province People's Committee collaborated with VCCI to organize the workshop on "Improving the investment and business environment and provincial competitiveness". The workshop was attended by 200 delegates including representatives from the North West Steering Committee, VCCI, Central Institute for Economic Management (CIEM), experts from Vietnam Competitiveness Initiative (VNCI), delegates from Phu Tho, Bac Ninh provinces, leaders of Yen Bai province, involved Departments, sectors and enterprises in the province. In his opening speech, Mr Ta Van Long, Standing Deputy Chairman of Yen Bai People's Committee, pointed out some major points about the investment and business environment and PCI (Provincial Competitiveness Index) of Yen Bai in the current period. Accordingly, Yen Bai's PCI has witnessed significant improvement during recent years. In 2011, Yen Bai was ranked 14/63 provinces and listed among provinces with good PCI. Areas considered as strengths of … [Read more...] about Yen Bai Focusing on Investment and Business Environment Improvement
Malaysia firms seek investment opportunities
A delegation of 30 Malaysian firms will visit Vietnam next month to explore trade and investment opportunities, according to Le Van Loi, Director of the Vietnam Chamber of Commerce and Industry’s Institute of Information Technology for Business. During their trip, the firms would participate in a business conference where they could meet with Vietnamese counterparts in such sectors as information, technology, and science and agriculture to build up specific co-operativer relations, Loi said. Vietnam had always been considered an important trade partner for Malaysia and there were good prospects for co-operation between the two countries, said Minister of Industry and Trade Vu Huy Hoang on the sidelines of the two-day meeting of ASEAN economic ministers, held in Malaysia late last month. Malaysian-invested projects in Vietnam have been very successful. Malaysia currently has about 4-5 billion USD in two thermal power plants in Hai Duong province and the Mekong … [Read more...] about Malaysia firms seek investment opportunities
GDP Growth: Highest in Seven Years
Recently, the General Statistics Office (GSO) announced economic performances in 2017 with a bright economic picture, featured by the GDP growth of 6.81 per cent - higher than the target of 6.7 per cent set by the National Assembly. However, Vietnam still faced many difficulties in tax revenue, budget deficit and business development. GDP expands 6.81 per cent The economic growth in 2017 was driven by agricultural recovery after severe effects of natural disasters in 2016. The fisheries sector looked up 5.54 per cent and the forestry shoot up 5.14 per cent. In 2017, the agricultural sector was strongly shifted to produce high-valued products. The industrial and construction sector rose 7.85 per cent on the back of a record growth of 17.8 per cent of processing and manufacturing despite a 7.1 per cent slump in mining industry. Some giant industrial manufacturers like Samsung launched new products, helping push up the sector index. The service, wholesale and retail sector … [Read more...] about GDP Growth: Highest in Seven Years
Prime Minister’s New Year message
PM Nguyen Tan Dung has sent a New Year message emphasizing the central tasks of 2012, which include economic restructuring, growth model renovation, fast and sustainable development. The following is the full translation of his article. The core economic ideology spreading throughout the documents of the 11th National Party Congress is restructuring the national economy, renovating the growth model, and securing a fast and sustainable development. The premise for successfully realizing the aforesaid orientation is the effective implementation of the three breakthroughs we had adopted, of which perfecting the institution of the socialist-oriented market economy constitutes, one the one hand, a key move that would directly affect the process of economic restructuring and growth model renovation, and, on the other hand, a task that doest not require huge financial resources. The task can be fulfilled within a relatively short period of time once we have right understanding and … [Read more...] about Prime Minister’s New Year message