Workshop helps north central firm improve competitiveness
A workshop on institutional reforms, economic integration and how to improve business competitiveness took place in Nghe An for enterprises and business associations in the north central region.
Nghe An (VNA) 🔯– A workshop on institutional reforms, economic integration and how to improve business competitiveness took place in central Nghe An province on June 27 for enterprises and business associations in the north central region.
It was organised by the Vietnam Chamber of Commerce and Industry (VCCI) in partnership with the provincial People’s Committee.
During the workshop, enterprises and business associations shared challenges they face in operation, such as limited access to land and soft loans, high land rental rates, troublesome and complicated administrative procedures.
According to a representative of Thanh Hoa Province ’s business association, many firms in the region have exerted efforts to apply new technologies and advanced quality control systems and improve the skills and professional competence for their workers.
But it also requires efforts from the government to push for institutional reforms and improve competitiveness to help enterprises enter a bigger playground, the representative said.
The Thanh Hoa business association proposed that the government should simplify land administrative procedures; forgive existing deferred interest charges on land use fee payments; and soon issue market-based minimum land price framework that ensures equity among businesses.
In addition, the participating companies suggested the government helps small- and medium-sized enterprise (SMEs) get easier access to soft loans while localities should increase dialogues with businesses and apply e-administration.
They also discussed ways to effectively implement the government’s Resolution 19-2016/NQ-CP on improving the national business climate and competitiveness and Resolution 35/NQ-CP on enterprise development by 2020.
Chairman of Nghe An provincial People’s Committee Nguyen Xuan Duong urged the enterprises to get prepared for the fierce competition when a number of free trade agreements (FTAs) take effect, adding that the provincial authorities will create all possible favourable conditions for them to develop.
VCCI President Vu Tien Loc said the chamber will send the enterprises’ feedback and proposals to related government bodies to help them resolve difficulties. More information on the FTAs will also be provided for the firms to be better prepared to take advantage of the pacts.-VNA
Private firms should be more dynamic in developing linkages and production chains to sharpen competitive edges as the country was underway to integrate deeply into the global economy.
Existing and future free trade agreements are expected to promote innovations in the business community to enable firms to compete not only at home, but also on international markets.
Vietnam’s international integration in the next five years will be on a much higher level than it is at present, Deputy Foreign Minister Bui Thanh Son said at a roundtable in Hanoi on June 17.
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.
Illustrative photo (Source: VNA)
