Question: What are the measures for improving the business environment and the national competitiveness after 4 years of implementation, and sets out the objectives and criteria for the year 2018? Answer: Eliminating and simplifying 50% of the conditions on investment and business One of the targets that the Government has set out for the year 2018 is to finish abolishing and simplifying 50% of the conditions on investment and business, and proposes removing some conditional business lines from the list of conditional business lines of the Investment Law. The business lines which are proposed to be removed from the List of conditional business lines must be submitted to the Standing Committee of the National Assembly before October 2018. Accordingly, the draft Law on amending and supplementing some articles of the Investment Law and Enterprise Law will be submitted to the Government for consideration in June 2019. Reducing at least 50% of the list of goods and products subject … [Read more...] about Improving business environment & national competitiveness
Environment
Vietnam to make investment environment friendlier for investors: NA…
National Assembly Chairwoman Nguyen Thi Kim Ngan addresses the Turkey-Vietnam Business and Investment Forum in Istanbul, Turkey on October 8th (Photo: VNA) Addressing the Turkey-Vietnam Business and Investment Forum in Istanbul, Turkey on October 8th – which drew about 200 Turkish and Vietnamese firms – the top legislator said that after over the past 30 years of reform, Vietnam has maintained good growth levels and become a middle-income country. She noted that Vietnam’s GDP has reached USD240.5 billion, with a trade value of more than USD475 billion and a population of 95 million at a demographic golden age. Vietnam’s investment and business environment has seen an improvement, she said, citing the World Economic Forum’s competitiveness ranking in 2017 in which Vietnam jumped five places to 55th position among 137 countries. Vietnam also leaped 14 spots on the World Bank’s Doing Business Report in 2016 to the 68th position out of 190 economies. … [Read more...] about Vietnam to make investment environment friendlier for investors: NA…
Talented people need a good working environment
Nguyễn Quân. — Photo dantri.com.vn Former Minister of Science and Technology Nguyễn Quân speaks to Tiền Phong (Vanguard) about the need for policies to convince talented Vietnamese scientists living abroad to return home. What do you think about the knowledge and professional skills of Vietnamese scientists living abroad? Vietnamese scientists living abroad are generally well recognised by their friends near and far. For example, in the field of mathematics, Việt Nam has two world renowned professors, Ngô Bảo Châu and Vũ Hà Văn. In the field of physics, we have Professor Đàm Thanh Sơn, who has recently been awarded the Dirac prize. Many people have told me that we should nominate Professor Sơn as the first Vietnamese candidate for the Physics Nobel prize. Several years ago, when we visited Silicon Valley in the US and companies including Microsoft, Facebook, and Google, we were very happy … [Read more...] about Talented people need a good working environment
Vietnam commits to improving investment environment: PM
The Vietnamese Government commits to building a more favourable and competitive investment environment towards international standards and in accordance with commitments to high standards the country has made in new-generation free trade agreements (FTAs), said Prime Minister Nguyen Xuan Phuc on October 4. PM Nguyen Xuan Phuc (front line, fourth from left) and delegates at the event. Addressing a conference to review the 30 years of foreign investment attraction in Vietnam held in Hanoi, the leader affirmed that the Government will continue with guidelines and policies on foreign investment. The Government always supports investors, for mutual benefits and sustainable development, he said. “Your success in Vietnam is also our success and pride,” he told the participating foreign investors. The PM stressed that foreign investment always accompanies Vietnam’s Doi Moi (Reform) process, vividly manifests the country’s open-door policy and … [Read more...] about Vietnam commits to improving investment environment: PM
European companies more positive about the business environment in Việt Nam
Viet Nam News HÀ NỘI — New data from the Business Climate Index (BCI) of the European Chamber of Commerce in Việt Nam (EuroCham) shows European companies are more optimistic about doing business in Việt Nam. This growing confidence in Việt Nam’s trade and investment environment can be seen in a six point jump from the first quarter to second of the year. The latest BCI results show the sentiment of European business is at its strongest for 18 months, and just two points below the all-time high of the third quarter of 2016. EuroCham members also reported an optimistic outlook on various issues, from their own investment and profit projections to workforce levels and Việt Nam’s macroeconomic outlook. More than 70 per cent reported a positive situation for their enterprise in the last quarter, with 62 per cent describing it as ‘good’ and 12 per cent as ‘excellent’. Looking ahead to the next quarter, 64 per … [Read more...] about European companies more positive about the business environment in Việt Nam