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Taekwang cracking open Vietnamese logistics market

Taekwang cracking open Vietnamese logistics market

Korean Taekwang company showed interest in taking over Gemadept, the largest logistics firm in Vietnam, as part of an effort to establish a secure logistics base in Southeast Asia, according to Korea Economic Daily.

Government to focus on reducing costs of doing business

Government to focus on reducing costs of doing business

At the dialogue between the government and private sector companies, representatives of government agencies have answered complaints and made promises of the things they are going to do in the near future to support the development of the private sector. Immediately after the conference, Prime Minister Nguyen Xuan Phuc signed Directive 20 on adjusting the practice of inspecting and examining companies. Below are quotes from the PM and government agencies.

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Thanh Hoa enthusiastic over fated investments

Thanh Hoa enthusiastic over fated investments

Nguyen Dinh Xung, Vice Secretary of the provincial Party Committee and Chairman of Thanh Hoa People’s Committee, seeks to promote the province as a top tier destination for investors.

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Gov’t issues tra fish rules

Gov’t issues tra fish rules

The Government has issued a decree on aquaculture management, and tra fish products processing and export, the Government Office reported this week.

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Tolling of 13 BOT road projects shortened by over 92 years

Tolling of 13 BOT road projects shortened by over 92 years

The Ministry of Transport has shortened the tolling duration of 13 build-operate-transfer (BOT) road projects by a combined 92 years and three months.

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Alcohol laws experience overwhelming backlash

Alcohol laws experience overwhelming backlash

The draft law on preventing and fighting against harms of wine and beer’s ban on beer advertisements and imposition a new financial burden on producers have hit the thumbs-down from associations, brewers, and lawmakers alike.

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Private sector crucial in financing green growth

Private sector crucial in financing green growth

Channelling investments from the private sector into green projects – as the government’s budget is overstretched – is what it will take for Vietnam’s development to be greener and  more socially, economically, and environmentally sustainable.

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VN proposes APEC initiative to facilitate e-commerce

VN proposes APEC initiative to facilitate e-commerce

Viet Nam has proposed an initiative on building an e-commerce facilitation framework within the Asia-Pacific Economic Cooperation (APEC), as it is an important content in the 2017 APEC’s agenda.

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Oman wants to boost investment in Hanoi

Oman wants to boost investment in Hanoi

Omani Ambassador to Vietnam Sultan bin Saif bin Hilal Al Mahrouqi asked for information on infrastructure projects in Hanoi for investment promotion during his meeting with the city mayor on May 16.

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FDI’s link to growth disparity

FDI’s link to growth disparity

In Vietnam, the localities attracting greater foreign direct investment have generally reached higher development levels than their counterparts, a situation which has led to uneven development among regions. If countermeasures are not introduced now, the development gap could grow, which will have repercussions on national development overall. Senior economist Nguyen Mai delves into the problem.

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Vo Kim Cu loses position of National Assembly’s deputy due to Formosa scandal

Vo Kim Cu loses position of National Assembly’s deputy due to Formosa scandal

On May 15, the National Assembly’s Standing Committee voted and agreed on stripping Vo Kim Cu of his title as deputy of the 14th National Assembly due to misconduct, adding to his previously submitted application to leave the position due to health issues.

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APEC urged to pioneer in trade, investment liberalisation

APEC urged to pioneer in trade, investment liberalisation

The Asia-Pacific Economic Cooperation (APEC) forum needs to hold aloft the flag of trade and investment liberalisation despite the fact that there remained scepticism about globalisation and protectionism has arisen in several member economies.

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Samsung contributes significantly to Vietnam’s economy: PM

Samsung contributes significantly to Vietnam’s economy: PM

Foreign-invested enterprises, including Samsung Complex Vietnam (Samsung Vietnam) of the Republic of Korea (RoK), are an important component of Vietnam’s economy, Prime Minister Nguyen Xuan Phuc told Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hanoi on May 16.

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Deputy PM highlights significance of North-South Expressway project

Deputy PM highlights significance of North-South Expressway project

Specific policies and mechanisms are needed to draw investment and hasten the progress of the North-South Expressway. However, they must be conducted in an open and transparent manner, said Deputy Prime Minister Trương Hòa Bình at a recent meeting on the project.

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MoIT proposing to import coal

MoIT proposing to import coal

As the return on equity (ROE) of coal enterprises has plummeted during the 2011-2016 period, while imported coal surged significantly, a trend that shows no signs of stopping, the Ministry of Industry and Trade (MoIT) has proposed arranging imported coal and reducing the pressure on domestic coal production.

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Windfall of South Korean high ballers

Windfall of South Korean high ballers

South Korea has done extraordinarily well in the first quarter of 2017, leading to an unusually high number of corporations breaking the KRW1 trillion threshold in quarterly operating profit. While the usual annual crop is about 3-4 companies, this year a stellar nine enterprises reached the dream.

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