Unofficial fees in Quang Ninh province decline: survey
Unofficial fees that businesses had to pay in Quang Ninh decreased in 2019, according to the northern province’s Department and District Competitiveness Index (DDCI) survey.
A view of Van Don Economic Zone in Quang Ninh province (Photo: VNA)
Quang Ninh (VNA) – Unofficial feesthat businesses had to pay in Quang Ninh decreased in 2019, according to thenorthern province’s Department and District Competitiveness Index (DDCI)survey.
At a recent press conference, Vu Thi Kim Chi,deputy head of Quang Ninh’s board for investment promotion and support,attributed the fall to the implementation of the e-administration programme thatallows more administrative procedures to be handled online, along with improveddiscipline among cadres and civil servants.
The 2019 survey, the fifth of its kind conductedin the province, involved more than 2,200 businesses. It was adapted from theProvincial Competitiveness Index (PCI) and included open questions to collectmore opinions and suggestions from enterprises, cooperatives and businesshouseholds to help improve the investment and business climate, she said.
Chi noted in recent years, the local investment andbusiness environment has continued to improve in a sustainable manner. In 2017and 2018, Quang Ninh topped all 63 provinces and cities in the PCI rankings. Itwas also one of the best performers in terms of economic governance for sixstraight years.
To obtain those achievements, the province hasfocused on effective and practical solutions to improve the businessenvironment, she said, adding that Quang Ninh began the annual DDCI survey in2015 with a view to mobilising synchronous efforts from all departments, sectorsand localities.
A ceremony to unveil the DDCI 2019 in Quang Ninhis set to take place on January 4./.
The People’s Committee of northern Quang Ninh province has approved the establishment of a hi-tech farming zone, expected to cost 829 billion VND (35.7 million USD), in Dam Ha district.
The northern coastal province of Quang Ninh has welcomed a number of major investors, both domestic and overseas, who came to explore investment and partnership opportunities since the beginning of this year.
The northeastern province of Quang Ninh has decided to invest in seven major transport projects to promote its socio-economic development in the period of 2020-2022.
Together with the capital city of Hanoi and the southern economic hub of Ho Chi Minh City, Quang Ninh has become ready to connect with the national public service portal – which will be launched at the end of November 2019.
Quang Ninh province has invested more than 38 trillion VND (1.6 billion USD) in service infrastructure so far this year to promote socio-economic development.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.