Vietnam economy based on

Fitch Solution expected that the more amenable approach the government is taking to the wind sector when compared to the solar sector is because growth to date has been at a more manageable pace for the system to cope with, given that the development or wind projects are typically longer and more complicated. … [Read more...] about Vietnam wind power sector to see growing opportunities: Fitch Solutions

Dr. Tran Dinh Thien, Associate Professor, Director of Vietnam Institute of Economics, made the statement at the opening ceremony of the Autumn Economic Forum held yesterday in the southern city of Vung Tau. Dr Thien also pointed out some paradoxes in the Vietnamese economy such as local banks having large amounts of money, while many enterprises complain about accessing capital. “Many outstanding problems relating to land disputes, lax management at state-owned enterprises or risks to the banking system, etc. are bringing more difficulties to the economy and people’s lives,” he said, while proposing solutions including setting out a long range development plan, removing quotas for provincial GDP growth, and providing more assistance to enterprises. National Assembly Deputy Tran Du Lich from HCM City also agreed with Dr Thien, saying that it was necessary to lower corporate income tax and help firms access credit. Dr Nguyen Dinh Cung, Deputy Director of the … [Read more...] about Forum discusses the problems facing Vietnam’s economy

Authorities now recognise the private sector’s importance in the country’s competitiveness and they are striving to gradually reduce state participation in the economy. Vietnam Report also made another list of the first 500 private which included Saigon Gold and Silver ACB-SJC joint stock company, Financing Promoting Technology (FPT), ACB bank, Vinamilk, DoJi Gold and Gem group. … [Read more...] about State enterprises dominate Vietnam’s top 500 list

The city’s top leader called for drastic measures to create new opportunities and motivation for the city’s growth. Five key areas were identified to attract domestic and foreign investment: to resume and speed up production, trade and exports; to stimulate tourism and domestic consumption; to promote public investment, and to address difficulties for major projects that had been delayed for years. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic

The investigation is based on petitions filed by eight Indian yarn companies that had called for a probe into the import of polyester yarn products from Vietnam, China, Indonesia, and Nepal. The Directorate General of Trade Remedies (DGTR) of India is set to conduct investigations into dumped polyester yarn products that entered the South Asian nation between January 1, 2019 and December 31, 2019.   … [Read more...] about India initiates anti-dumping investigation into Vietnamese polyester