Meeting reviews government’s resolution on business development
Deputy Prime Minister Vuong Dinh Hue has suggested making an assessment of both quantity and quality of enterprises after one year of implementing the government’s resolution on business development.
Deputy Prime Minister Vuong Dinh Hue speaks at the meeting (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has suggested making anassessment of both quantity and quality of enterprises after one year ofimplementing the government’s resolution on business development.
Addressing ameeting in Hanoi on February 9 to review the government’s ResolutionNo.35/NQ-CP, the Deputy PM said besides looking into the number of businesses,it is essential to review their operational efficiency.
It is alsoimportant to point out current difficulties and challenges that businesspeople arefacing and promptly tackle them in 2017, he added.
The DeputyPM requested creating the optimal conditions for entrepreneurs to do businessand make an assessment of capital; goods-services; real estate;science-technology, and the labour market.
He askedlocalities to conduct dialogues with the business community to address theirpetitions and prepare for the upcoming meeting between the Prime Minister andbusinesses.
The Ministryof Finances was urged to inspect the operational efficiency of businesses aswell as the outcomes in trade facilitation; implementation of the NationalSingle Window system; simplification of administrative procedures relating toproduction; and development of the stock market and banking activities.
The DeputyPM entrusted the Ministry of Agriculture and Rural Development to seek bettermeasures to lure investment in the field, while the Ministry of Science andTechnology is responsible for building a start-up ecosystem and pave the wayfor the development of the sci-tech market.
According tothe Ministry of Planning and Investment, all 63 cities and provinces across thecountry signed the commitments to creating favourable business environment forbusinesses.
Positiveoutcomes were recorded in major cities of Ho Chi Minh City,Hanoi, and DaNang.
In 2016, arecord high of over 110,100 businesses registered to establish with a totalinvestment of more than 891 trillion VND, a year-on-year surge of 49 percent.Also in this year, 26,600 businesses resumed operation, up about 43.1 percent.
The firstmonth of 2017 saw nearly 9,000 newly-established firms with a total registeredcapital of 90.3 trillion VND, a respective increase of 8.1 percent in number of52.3 percent in capital.-VNA
Vietnam is paying special attention to business development, with the government promoting start-up movements so that nationwide businesses will double to a million within the next five years.
Another 32 cities and provinces nationwide have committed to creating optimal conditions for businesses, raising the total number of localities to more than 40.
As many as 9,918 enterprises with total registered capital of 87.1 trillion VND (3.83 billion USD) were established nationwide in November, according to the Department of Business Development.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Deputy Prime Minister Vuong Dinh Hue speaks at the meeting (Photo: VNA)
