Investment

The central city of Da Nang has listed 68 Public-Private Partnership (PPP) projects, 22 of them in the hi-tech sector, calling for investment from domestic and foreign businesses in the 2017-20 period.

The PM has approved the adjustment of Hung Yen province’s industrial zones (IZs) development plan until 2020.

“There are a lot of investors out there, they need good ideas, which are feasible and meet the market demand. If you have these factors, money will pour in and Uber is an example”, Chief Technology Officer (CTO) of Uber Thuan Pham shared.

The current technology era is creating both opportunities and challenges for businesses in the process of enhancing and managing resources, delegates told a recent seminar in Ho Chi Minh City.

The Ministry of Industry and Trade has announced it is preparing to review 30 years of foreign direct investment (FDI) attraction in Vietnam.

“Production along with environmental protection will ensure the sustainable development of enterprise. Pursuing a healthy life is the real objective for employees and businesses”. Chairman of the board and General Director of Minh Phu International investment in trade and commerce Nguyen Thi Huong shared her thoughts.

The Hanoi Taxation Department shared information about tax policies of Vietnam and Hanoi in particular with the Japanese firms operating in the capital city during a seminar on August 10.

The Prime Minister has approved the program on supporting counter-capital for Official Development Assistance (ODA) projects to local governments in the period 2016-2020.

Hanoi needs more favourable policies to boost the parts supply industry, experts said at a recent conference on developing the industry in the Capital.

Prime Minister Nguyen Xuan Phuc has demanded that all corresponding government departments, agencies and institutions to adjust policies as part of an “action-minded” government, to unburden Vietnamese firms of unnecessary business regulations, namely redundant business permits and categorisation.

In order to encourage the startup movement, the government has issued a number of supporting policies to minimize risks for start up enterprises. However, when those supports expire in the long term, startups will need to rely on other way to ensure their operation safety. The insurance service for startup is a way to share risks.

In July, Hanoi organized an investment conference, which has received positive response from investors. Many new projects have been proposed, contributing to the achievement of socio-economic goals of Hanoi.

On the conference to review Hanoi`s socio-economic performance in July, the leader of Department of Planning and Investment Nguyen Manh Quyen announced that over past seven months, Hanoi has achieved outstanding results in socio-economic development and attracting investment.

Registering under the Enterprise law will bring economic benefits and trademark reputation to the household businesses. However, so far cumbersome accounting has been a barrier preventing the household businesses to formalize.

The ASEAN Energy Joint Stock Company is planning to build a one-billion USD solar power plant on a 200-hectare area in the Mekong Delta province of Hau Giang.

Hanoi People’s Committee issued Official Letter 3620/UBND-KH&DT, requesting city’s departments, agencies, sectors, People’s Committees of districts, suburban districts and towns to complete mid-term public investment plans and projects started in 2017-2020 period.

Ministry of Information and Communications has recently sent Document 2640/BTTTT-VNCERT to ministries, ministerial level agencies, agencies under the Government, People’s Committees of cities and provinces under the Central Government on implementing Decision 05/2017/QD-TTg of the Prime Minster on stipulating emergency rescue plan to protect national cyber and information security.

Many Japanese food companies have entered Vietnam via supermarkets, convenience stores and restaurants. Japanese food businesses are seeking to increase their presence in Vietnam.

Local electronic firms have been urged to enhance compliance with established regulations, especially international labour standards, in order to improve competitiveness and to engage in the global supply chain, heard a conference on August 1.

Speaking at the 2017 Vietnam Private Sector Forum on July 31st, Prime Minister Nguyen Xuan Phuc said that the Government pledged to build a facilitating government and favor businesses. However, he also asked the enterprises to renovate with an international vision.