Trade Promotion for Businesses in Tough Periods Recently, authorised by the Prime Minister and directed by the Standing Committee, Vietnam Chamber of Commerce and Industry has established a Vietnam- Latin America Business Council, which officially went into operation in 2013. This is one of the recognised activities of VCCI in 2013 to support Vietnamese companies in seeking investment opportunities and trading with foreign markets. In face with the difficulties of the world and Vietnamese economies, the numbers of international delegations to Vietnam and numbers of overseas field trips for Vietnamese businesses in the first months of 2013 have decreased significantly. Under these circumstances, VCCI has actively focused on the trade promotion activities in the domestic market by organising conferences and seminars to support businesses to access the new policies of the Government and ministries on foreign trade, creating opportunities for Vietnamese businesses to research foreign … [Read more...] about Trade Promotion for Businesses in Tough Periods
Government approvals for business
Enhancing Competitiveness for Businesses The opening of trade in goods and services will lead to reform waves when the capital, financial and labour markets are opened, thus revealing previously ineffective fields that need to be reformed, like obstacles and expenses bound to domestic regulations that weaken competitiveness and performance of enterprises, increase burdens on ineffective, cost-consuming State-owned enterprises, and pressurise micro reform, said Mr Mike Woods, Vice Chairman of Australian Productivity Commission, at a workshop organised by the Ministry of Planning and Investment of Vietnam (MPI) and the Department of Foreign Affairs and Trade of Australia (DPAT). The workshop was part of the ‘Restructuring for a more competitive Vietnam (RCV)’ Project funded by the Government of Australia which belongs to the Prime Minister-approved overall economic restructuring project associated with the change in economic growth pattern towards the enhancement of … [Read more...] about Enhancing Competitiveness for Businesses
Vietnam - Germany: Cooperation in Human Resource Training and Development for Businesses The Manager Training Project for Businesses is built on the basis of the Cooperation Agreement signed between the Ministry of Planning and Investment of Vietnam (MPI) and the Federal Ministry for Economic Affairs and Energy of Germany (BMWi) on the occasion of Vietnamese Prime Minister Nguyen Tan Dung’s official visit to Germany in March 2008. The project was assigned to the Vietnam Chamber of Commerce and Industry (VCCI) and InWEnt (presently German Agency for International Cooperation - GIZ) to implement. The second phase of the project has been concluded and both sides achieved many benefits from this project. The project, funded by the Government of Germany in the form of official development assistance (ODA), has been carried out for 10 years and reaped a lot of successes in many countries. At present, 14 countries have participated in this programme. Vietnam joined since March 2008 … [Read more...] about Vietnam – Germany: Cooperation in Human Resource Training and Development for Businesses
Vietnam Economic Restructuring: Golden Chance for Businesses? Prime Minister Nguyen Tan Dung has just approved the Master Plan on Economic Restructuring in the 2013 - 2020 period, with a growth paradigm change towards higher growth quality, efficiency and competitiveness, which focuses on reorganising public investment, credit organisations and State-owned enterprises. So, is there any opportunity for Vietnamese businesses when resources are reallocated? The master plan aims at creating a system of reasonable, stable and long-term stimuli, especially tax incentives and other investment-encouraging measures, promoting the distribution and use of social resources for sectors and products of competitive advantages, improving labour productivity and competitiveness. The plan aims at forming and developing a rational economic structure on the basis of improving and upgrading development levels of sectors, fields and economic regions; development industries using high tech, creating … [Read more...] about Vietnam Economic Restructuring: Golden Chance for Businesses?
(VOVworld) – A dialogue with business representatives from the AMECS countries was held in Myanmar’s capital Nay Pyi Taw on Tuesday. The Prime Ministers of Vietnam, Myanmar, Cambodia, Laos, and Thailand and ASEAN’s Secretary General Le Luong Minh attended the event. Delegates expressed delight at the summit’s approval of the 2016-2018 action plan, focusing on 8 cooperation priorities and recommended that AMECS leaders pay more attention to 6 key areas of cooperation including creating favorable conditions for trade and investment promotion and boosting agricultural cooperation. Prime Minister Nguyen Tan Dung and the Prime Ministers of other AMECS nations acknowledged the significant recommendations of the businesses, particularly in infrastructure development and the turning of transportation corridors into economic corridors. Prime Minister Dung analyzed the potential and advantages of the 5 AMECS nations in increasing the role and position of global production … [Read more...] about AMECS cooperation opens new development space for businesses