The vigorous growth of the internet and technology in Vietnam is expected to provide a platform to support the development of a digital economy.
PM Nguyen Xuan Phuc has asked the Ministry of Transport to investigate the high transportation fees which are affecting local import-export companies.
The World Trade Organization, created in 1995 as a defence against trade wars and protectionism, is facing an unprecedented range of fundamental threats, some of which are likely to be aired when trade ministers meet in Davos next week.
As trade officials gather in Tokyo this week to try and forge ahead with a trade pact that U.S. President Donald Trump abandoned last year, the new 11-member club risks getting bogged down by resistance from Canada.
The size of Vietnamese domestic enterprises is shrinking, according to the latest data from the 2017 economic census. Experts said this signals improvements in the country’s business environment.
Over the past three years, numerous foreign investors made noteworthy divestments at Vietnam-based commercial banks due to the inconsiderable ownership.
Prime Minister Nguyễn Xuân Phúc has chaired a meeting with the Việt Nam-Laos Co-operation Committee, relevant ministries and sectors to discuss the implementation of the co-operation agreement with Laos last year and plans for 2018.
HCM City’s industrial production was forecast to maintain steady growth in 2018 with the industrial production index (IIP) to rise about 8- 8.5 per cent against last year, according to HCM City’s Department of Industry and Trade (DoIT).
Việt Nam has become an ideal location to start a business, not only for young overseas Vietnamese people but also for expats thanks to the country’s strong economic growth in recent years.
At a conference to review the industry and trade sector in 2017, Prime Minister Nguyễn Xuân Phúc lauded the sector’s accomplishment of reaching US$200 billion export turnover for the first time, the abolishment of 675 business and investment conditions (about half the previous total 1,216 regulations) and the settlement of 12 loss-making projects.
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