Nguyen Duc Thanh, head of the Vietnam Institute for Economic and Policy Research (VEPR), asserted that in order to reap big successes from Industry 4.0, Vietnam strongly needs to build a solid legal system for the digital transformation as it would be extremely dangerous and chaotic once digital resources are infringed upon. … [Read more...] about Domestic firms pick up on Industry 4.0
The biggest problem of the Vietnam’s aviation industry is overloading at airports, which affects service quality and flight safety. The representative of the Ministry of Planning and Investment (MPI) said the aviation development plan is broken because of the problems in policies. Therefore, it is necessary to upgrade the planning quality and harmonize the planning of the development of roads, highways, railways and airports. … [Read more...] about The five bottlenecks that hinder Vietnam’s aviation industry
The figures show wavering attraction of HHTP, which was founded in 1998 and boasts the longest history among the country’s three high-tech parks. HHTP has more lucrative advantages than the other parks thanks to Decree 74, which includes unique incentives such as the 10% corporate income tax (CIT) within the first 30 years for a new investment project of at least VND4 trillion (US$174 million). … [Read more...] about Barriers keep foreign investors away from Vietnam’s high-tech parks
Fifthly, agricultural sector and related services. “The growth rate of the agricultural sector in 2019 is projected at a modest level, mainly due to difficult weather conditions. However, the expectation is that the next year would be better, taking the sector back to its growing path,” Linh said. Hanoitimes … [Read more...] about Which are the top 5 business areas in Vietnam in 2020?
At the World Economic Forum (WEF), Vietnam was considered as the economy with the best improvement in ranking in the Global Competitiveness Index. Vietnam’s Competitiveness 4.0 rose by 3.5 points from 58 points to 61.5 points, higher than the global average of 60.7 points and climbed by 10 notches from the 77th place to 67th place as eight out of 12 pillars increased and went up by several notches. According to the World Intellectual Property Organization’s ranking, Vietnam gained three notches in the Global Innovation Index (GII) with six out of seven pillars rallying. The WEF’s tourism competitiveness of Vietnam advanced four notches from the 67th place to the 63rd place with a slight increase of 0.12 points from 3.78 points to 3.9 points. The World Bank’s Ease of Doing Business Index also recorded an increase of 1.2 points from 68.6 points to 69.8 points with five out of ten indicators increasing. Many areas have undergone strong reforms, such as tax … [Read more...] about Vietnam’s business environment strongly improves