Vietnamese Prime Minister Nguyen Tan Dung approved a plan to restructure Vietnam National Chemical Group over the next three years, according to a posting on the government’s website.
As much as VND301 billion (about $14 million) will be needed to further propel the development of Vietnam’s aquaculture sector in 2013.
The Vietnamese economy still showed a number of positive signs despite domestic and global economic hardships.
Vietnam’s economy is on the right track despite a number of problems in need of observation, economists of Standard Chartered Bank said in the 2013 economic report.
Despite the dominant number of State-owned companies in the top 500 biggest firms announced by Vietnam Report on Monday, private enterprises have still continued to strengthen their presence in the list.
Inflation does not pick up although the country has spent Vietnam dong buying US$10 billion this year as the aggregate demand of the economy stays low, according to the National Financial Supervisory Commission (NFSC).
Vietnam’s central bank cut interest rates for a sixth time this year and lowered the cap on deposit interest rates to spur economic growth even as the World Bank warned against easing monetary policy too soon.
C.T Group, one of largest property developers in Vietnam, is planning to open 20 supermarkets in the near future.
This Monday’s Consultative Group meeting for Vietnam aims to advise the government on ways to address a series of economic bottlenecks.
Vietnam has become the 26th observer of the Government Procurement Agreement (GPA), one of the most important documents of the World Trade Organisation, which is the first step towards official membership in the 42-party agreement.
Vietnam’s Prime Minister Nguyen Tan Dung pledged to bring inflation down to a decade low as the nation seeks to boost foreign investment and cope with the aftermath of a credit boom that’s hobbled the banking industry.
Hoang Anh Nguyen, partner of Mayer Brown JSM law firm, analyses legal and regulatory issues related to sale of non-performing loans, a matter attracting wide attention from foreign financial institutions.
Vietnam’s rich retail potential is being tapped with many firms pocketing healthy profits. Nguyen Thi Oanh, a senior DFDL legal and tax advisor, reviews Vietnam’s legal system and emphasises the need to perfect current regulations.
The event, co-organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the European Chamber of Commerce in Vietnam (EuroCham), provided an opportunity for Vietnamese and European businesses to update information on the first round of negotiations and the deadline Vietnam set for its Free Trade Agreement (FTA) with the EU, as well as Vietnam’s economic prospects and future challenges.
Foreign companies are aggressively expanding into Vietnam’s food market, with Thailand’s CP Group an outstanding player. Nguyen Chi Nguyen, general secretary of the Food and Foodstuff Association of Ho Chi Minh City, talks to VIR about the sector’s landscape.