Vcci

The private sector currently contributes over 40 percent of the total GDP (Photo: VNA) Hanoi (VNA) – Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc has emphasised the need to attach due importance to the role of business households so as to fuel economic growth with greater strength. He told Vietnam News Agency that the private sector has been mentioned with increasing frequency in many resolutions of the Party Central Committee. Recent statistics show that it contributes over 40 percent of the total gross domestic product (GDP), even higher than contributions by state-owned and foreign-invested enterprises. Most countries around the world divide economic sectors into private and public ones, and the private sector consists of both domestic- and foreign-invested companies. Accordingly, the private sector now makes up over 60 percent of Vietnam’s GDP. Therefore, it’s time to redefine the private business sector, which should be … [Read more...] about Business households need to receive due respect: VCCI chairman

Following success of the mid-term Vietnam Business Forum 2018 in July, the year-end session of the Vietnam Business Forum will convene in Hanoi on December 4. (Photo: VNA) Hanoi (VNA) – The year-end session of the Vietnam Business Forum will convene at Lotte Hanoi Hotel in the capital city on December 4, according to the Vietnam Chamber of Commerce and Industry (VCCI). The event will be held by the Vietnam Business Forum Alliance in partnership with the Ministry of Planning and Investment, the World Bank, and the International Finance Corporation. It will be chaired by Prime Minister Nguyen Xuan Phuc. The forum’s three sessions will focus on following topics: resources for infrastructure investment, improving knowledge towards the modern industry, and removing barriers for enterprises. Various presentations will be delivered by working groups on infrastructure, electricity and energy, capital market, banking, trade and investment, tax and customs, education, … [Read more...] about Vietnam Business Forum to convene year-end session on Dec. 4: VCCI

At the working session (Photo: VNA) Hanoi (VNA) – Forty two percent of surveyed companies reported that they countered difficulties in applying for business licences in Vietnam, said General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen Quang Vinh. This is one of the outcomes of a survey conducted by VCCI to assess the two-and-a-half years implementation of the Government’s Decree No.35/NQ-CP on supporting and developing businesses until 2020, and five years implementing Decree 19/NQ-CP on improving business climate and national competitive capacity. Vinh presented the outcomes during a recent working session with Deputy Prime Minister Vuong Dinh Hue, who is also head of the National Steering Committee on National and ASEAN Single Window mechanisms and trade facilitation, and the Ministry of Transport. According to Vinh, there have been positive moves in cutting business conditions, but the survey, conducted in 2017, found that 58 percent of … [Read more...] about Firms still report difficulties in obtaining business licences: VCCI survey

The conference has been hosted on the occasion of the visit of 17 Spanish businesses to HCMC. They have been working in transport, logistics, customs, cargo loading and unloading service in port operation and warehouse service. According to VCCI HCMC, HCMC-Spain trade turnover posted a growth rate of 15 percent per year for the last decade, topping $3 billion in 2017. In the first nine months this year, it reached $2.4 billion. The two sides have set a target of increasing the turnover to $5 billion in 2020. By staff writers – Translated by Hai Mien … [Read more...] about VCCI HCMC hosts trade promotion workshop with Spain