Support program

A business owner in Phan Rang City, Ninh Thuận Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyễn Thành HÀ NỘI — As the central coastal province of Ninh Thuận shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuận and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuận, digital transformation was still relatively new, and at … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuận

A business owner in Phan Rang City, Ninh Thuan Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyen Thanh As the central coastal province of Ninh Thuan shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuan and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuan, digital transformation was still relatively new, and at the end … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuan

The United States Agency for International Development (USAID) and the General Department of Vietnam Customs (GDVC) on Thursday released an action plan for reducing congestion at Cat Lai Terminal, Vietnam’s busiest container operation in Ho Chi Minh City. Containers at Cat Lai Port The action plan, unveiled at a workshop co-organized by USAID and GDVC, contains 21 recommendations to help position the port to meet increasing demand. Before COVID-19, the port was operating at full capacity, with demand as measured by container volume expected to double by 2030. The workshop brought together more than 70 representatives from Vietnam Customs, ministries, and the business community to discuss the action plan—the result of a Pre-Feasibility Study on Anti-Congestion and Facilitating Trade Logistics at Cat Lai Port conducted by the USAID Trade Facilitation Program between May 2020 and March 2021. The study takes a comprehensive look at the 160-hectare port’s … [Read more...] about USAID supports efforts to reduce congestion at Cat Lai Port

Accordingly, the cases eligible for interest rate support are enterprises, cooperatives, and business households in the sectors of aviation, transportation and warehousing, tourism, accommodation, catering, education and training, agriculture, forestry and fishery, processing and manufacturing, software publishing, computer programming, and related activities, information service activities, social housing construction, housing for workers, and old apartment renovation. An interest-supported loan is a loan agreement signed and disbursed during the period from January 1, 2022, to December 31, 2023. The support interest rate for customers is 2 percent per annum. The Government requires interest rate support to ensure publicity and transparency, be provided to the right subjects and purposes, and avoid policy profiteering. By Phan Thao – Translated by Bao Nghi … [Read more...] about Enterprises, cooperatives, business households enjoy supported interest rate

Improved productivity, lower error rates According to the Vietnam Industry Agency under the Ministry of Industry and Trade (MoIT), the MoIT, the People's Committee of Hai Duong Province and Samsung Vietnam are implementing a February 2020 Memorandum of Understanding on improving production and quality of 15 local enterprises. Feedback from the business community points to improved productivity and reduced error rates. The program also helped change staff perceptions of the importance of meeting customer requirements not only in terms of price, quality, delivery but also in social responsibility through environmental protection and occupational safety. Improving capacity of supporting industry enterprises Another MOU between the MoIT, the People's Committee of Bac Ninh Province and Samsung Vietnam was also signed in 2020 on a six year sustainable development project for the local business community comprising enterprise improvement consultancy and supplier … [Read more...] about Coordination model proves effective in improving support industries

The Vietnamese Government will implement solutions to ensure the efficient management and use of the funds. Vietnam’s National Assembly Standing Committee has decided to allocate over VND92 trillion (US$3.9 billion) from the central budget for the 2021-2025 period to localities implementing three national target programs. Three national target programs include a program for socio-economic development in ethnic minority and mountainous areas, one for new rural area construction, and another for sustainable poverty reduction. Some US$3.9 billion will be allocated to three national target programs. Photo: Quochoi.vn Under Resolution No.517 signed by Chairman of the National Assembly Vuong Dinh Hue on May 22, over VND47 trillion (around $2 billion) will be allocated to the implementation of the national target program for socio-economic development in ethnic and mountainous areas. Meanwhile, VND18 trillion ($777 million) will be spent on the national … [Read more...] about Vietnam allocates over US$3.9 billion to three national target programs