The Vietnamese Government always tries to create the most possible favourable conditions for foreign businesses and investors to operate in Vietnam, including those from Canada, a Deputy PM affirmed.
Deputy Prime Minister Vuong Dinh Hue (R) and President and CEO of Northstar Financial Group Scott Shepherd (Photo: VNA)
Hanoi (VNA) — The Vietnamese Government always tries to create the most possible favourable conditions for foreign busi🍸nesses and investors to operate in Vietnam, including those from Canada, affirmed Deputy Prime Minister Vuong ♉Dinh Hue on June 15.
Receiving a group of Canadian businesses who are on a visit to Vietnam to seek investment opportunities, Hue said the Vietnamese Government has taken measures to increase macro-economic stability and restructure key sectors such as finance and banking, State-owned businesses, industrial production, agriculture and public investment, along with drastic efforts to improve the business and investment environment to improve national competitiveness.
He encouraged Canadian businesses to invest in the fields of consultancy, finance and credit to support small- and medium-sized businesses, and called for foreign private risk investment funds to assist start-up activities in Vietnam.
President and CEO of Northstar Financial Group Scott Shepherd said Northstar was active in providing finance for small- and medium-sized businesses and wished to cooperate and share experience with Vietnam as the two countries are implementing new free trade agreements.
He expressed willingness to help Vietnam in importing spare parts and machine products from developed countries.
The group plans to set up an export credit agency to support Vietnamese businesses in their export activities, he said.-VNA
Thirteen Canadian pork exporters have met with a number of Vietnamese pork importers, processors and end-users to showcase their pork and find opportunities for cooperation.
A delegation of leading enterprises from Richmond, a coastal city in western Canada, led by Councillor Chak Au, visited HCM City on May 27 to seek cooperation.
Vietnam leads ASEAN members in bilateral trade revenue with Canada, with the figure hitting 928.97 million USD in the first quarter of 2016, up 11.8 percent year-on-year.
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 (R) and President and CEO of Northstar Financial Group Scott Shepherd (Photo: VNA)
