Nhan Dan Online - Vietnam has implemented various regulatory reforms to improve its business environment over the years, making it easier for local firms to start a business, according to the Doing Business 2013 report released by the World Bank. … [Read more...] about Regulatory reforms improve start-up business environment
Import export how to start a business
Singapore ranks the world's best place to run a business for eight consecutive years, according to a recent World Bank annual competitiveness survey. Rounding off the top five are Hong Kong , New Zealand , the US and Denmark . Another Southeast Asian country to make the top ten is Malaysia , while China is unlikely to be happy with its rating, falling five notches this year to 96th place. African countries like Chad , the Central African Republic and Libya populated the bottom of the list. But a rising African country, Rwanda , took the honours as the most improved since 2005. It was praised for its efforts to boost property registration and for simplifying trading and tax procedures. Countries credited with progressing the most in the last five years include Rwanda (ranked 32), Russia (92), Ukraine (112) and the Philippines (108). Russia and Rwanda both jumped 20 places from last year, Ukraine and the Philippine gained 25 and 30 places respectively. The "Doing … [Read more...] about Singapore remains world’s leading business environment
Up to 97.6 per cent of active enterprises in Vietnam are small and medium enterprises (SMEs). The SME sector plays an important role in economic development of any locality or nation. However, Vietnamese SMEs find it harder to develop largely because they face more difficulty in expanding production and business operations.SMEs face numerous difficulties The survey of the provincial competitiveness index (PCI) 2015 announced recently by the Vietnam Chamber of Commerce and Industry (VCCI) showed that the business environment in Vietnam improved. According to the report, most SMEs are established by families. Many have grown up from initial household production and many business individuals form a corporate entity when they find the opportunity. Up to 77 per cent are micro-enterprises and 69 per cent of small enterprises grow up from business households. In general, education qualifications of SME owners are relatively high and diverse. A majority (nearly 60 per cent) graduate from … [Read more...] about SMEs: How to Grow?
The world coffee consumption demand in the coming years is predicted to increase by 2 million bags a year. The world demand is estimated to reach 140 million bags by 2018. Can the coffee industry of Vietnam make use of this gold opportunity? According to the Vietnam Coffee and Cocoa Association, if the coffee industry has good capital investment to improve the added value of Vietnam’s coffee, it is completely feasible to obtain the export turnover of more than US$2 billion a year. At present, Vietnam has 500,000 hectares of coffee, only ranked behind Brazil in terms of exported coffee quantity. Vietnam’s coffee has been introduced to nearly 80 countries and territories with the output of around 1 million tonnes a year (in 2007, the amount of coffee exported from Vietnam exceeded 1 million tonnes). The coffee exporting market is judged to be basically stable. Germany continues to be the number-one customer of Vietnam’s coffee, followed by the United States, Spain, and … [Read more...] about How to Improve Competitiveness of Vietnam Coffee?
VGP - The 3rd European Overseas Vietnamese Business Forum took place in Balatonfured Hungary on September 6-7, gathering 200 enterprises from 12 European countries. … [Read more...] about Overseas Vietnamese hold 3rd business forum
ĐÀ NẴNG — Việt Nam has been an open trade hub in the past and is striving hard now to become a trustworthy and potential trade partner in the world business community, Prime Minister Nguyễn Xuân Phúc said on Tuesday. Addressing more than 2,000 delegates attending the first-ever Việt Nam Business Summit (VBS), he affirmed Việt Nam’s determination to build a growth-enabling and action-oriented Government to serve people and enterprises, to strengthen international integration, maintain macro-economic stability, and reform institutions and legal policies. Themed “Việt Nam: We Mean Business”, the VBS is an initiative of the Việt Nam Chamber of Commerce and Industry (VCCI) that aims to help the country make optimal use of investment promotion opportunities. Reviewing Việt Nam’s socio-economic achievement, the Prime Minister noted that a GDP growth rate of 6.7 per cent was expected this year. … [Read more...] about We seek to become a trustworthy trade partner: PM
Singapore and Hong Kong rank the world's best places to run a business, while mainland China remains far down the list, according to the World Bank's annual competitiveness survey Tuesday. The lower ranks of the 189-country list was populated with African countries like Chad, the Central African Republic and Libya holding. But a rising African country, Rwanda, took honors as the most improved since 2005, praised for its efforts to boost property registration and for simplifying trading and tax procedures. China, which was furious to receive a ranking of 91 last year and has pressured the World Bank to drop the 11-year-old study, fell five notches this year to 96th place and was leapfrogged by Russia. The "Doing Business 2014" report said many countries are making it easier for people to start and run a local business, with low-income economies moving more quickly than larger ones to improve. "Regulation is a reality from the beginning of a firm's life to the end," the … [Read more...] about World Bank: Singapore, Hong Kong best for business
The semiconductor industry is a growing sector in Viet Nam and has attracted many foreign investors. Viet Nam News reporter Thu Ngân talks with Ng Kai Fai, president of SEMI Southeast Asia, about the industry and the upcoming 2017 SEMICON Southeast Asia Penang, Malaysia.How do you see the potential of the Vietnamese semi-conductor industry?A lot of people are talking about the potential of the country’s electronics industry, including semiconductors.In think for the next five years everybody is projecting a compounded annual growth rate of almost 15-16 per cent. That is pretty significant. I think there is a lot of potential in Viet Nam in the electronics supply chain. Viet Nam’s electronic exports are almost 30 per cent of its total exports. That is huge.The foreign direct investment inflow into electronics is significant as well.I think for the next phase of Viet Nam’s growth, there is a need to nurture and enhance the talent and capabilities of local … [Read more...] about Semi-conductor expo to reap a growth of 15 per cent
The State Bank of Viet Nam has said no to the Viet Nam Gold Trading Association (VGTA)'s proposal to mobilise privately owned gold.An anonymous SBV official told Saigon Times Daily that it would be very risky in terms of the price movements it might cause, claiming there has been no precedent by any government in the world in this regard.One of the VGTA's most important suggestions was that the central bank and Ministry of Finance should soon set up a national transaction floor for physical gold.Since the Government issued Decree 24 on management of gold trading in 2012, which enables the central bank to directly intervene in the local gold market, the market has become very stable while the number of gold traders decreased sharply from 12,000 units then to 38 now.Under the decree, bullion trading is only permitted by gold firms and credit institutions licensed by the central bank.To be licensed, however, a firm must have chartered capital of at least VND100 billion (US$4.8 million), … [Read more...] about How to mobilise public gold for development?
Shifting from debt in 2012, Thang Long Cement JSC produced 2.48 million tonnes of cement and clinker last year to post a year-on-year growth before interest and taxes of estimated 30 per cent. The company has set a goal of becoming a leading cement group in Viet Nam by 2030. Viet Nam News spoke to Mukhamad Saifudin, general director of Thang Long Cement JSC, about this target. Positive signs were seen last year in the domestic economy and real estate market. How have they influenced your company’s performance? In 2014, in line with macroeconomic stability and policy improvements, the domestic cement market showed better signs than the year before. One encouraging sign was that the domestic cement demand increased by about 10 per cent compared with 2013, according to the Viet Nam Cement Association (VNCA). It means the cement industry saw positive growth last year. Despite positive growth in 2014, cement manufactures in Viet Nam still had a lot of excess capacities. For our … [Read more...] about Thang Long Cement strives to become a sector leader