Urban property market set for a good year
The domestic real estate market is likely to warm up this year, with the amended Housing Law allowing foreigners to buy property. Viet Nam News talked with economic expert Nguyen Tri Hieu about this issue as well as the most promising segments in the property market.
Vietnamese firms need long-term vision
In 2014, the Government took the initiative to speed up restructuring of State-owned enterprises, but it also needs to strengthen its focus on another pillar of the economy, the private sector, which is key to the nation's future sucesss, says Wendy Jo Werner, the World Bank Group's Practice Group Manager on Trade and Competitiveness for the East Asia and Pacific region.
VAMC to buy $4.67b in bad debt
A new circular that takes effect in April this year will force credit institutions to apply international standards in classifying and assessing bad debts, but the problem still requires a different approach and understanding, Nguyen Quoc Hung. Chairman of the Viet Nam Asset Management Company (VAMC), tells local media.
Viet Nam shows signs of recovery, despite difficulties
The Vietnamese National Assembly (NA) has approved many targets for the country's socio-economic development in 2015, including for the GDP and CPI growth. Deputy Director of the Hanoi Institute for Socio-economic Development Studies Nguyen Thanh Binh speaks to Outlook about the country's potential to reach these targets.
Foreign currency lending to continue
The State Bank of Viet Nam will continue to allow credit institutions to give loans in foreign currencies to export companies and petrol wholesalers till the end of 2015.
FDI info system launched
Director o the Ministry ofPlanning and Investment's Foreign Investment Agency Do Nhat Hoang spoke to Dau Tu (Investment) newspaper about how the new national information system for foreign investment would benefit investors.
Revised laws to improve business conditions
The Minister of Planning and Investment, Bui Quang Vinh, spoke to reporters about changes made to the amended Law on Enterprise and Law on Investment, both recently approved at the eighth session of the 13th National Assembly.
Improvements needed to local business environment
This year, Viet Nam ranked 78th among 189 countries in the world for ease of doing business, lower than its 72nd rank in 2013, said the World Bank's recent report.
Technology offers SCG financial, green benefits
Siam Cement Group, a leading regional conglomerate in production of building materials, has installed a waste heat recovery (WHR) system to reduce electricity consumption at each of its manufacturing sites. Viet Nam News spoke with Surapon Oonchuen, Manager of Operations and Maintenance at SCG Cement and Building Materials, about WHR technology.
Open innovation leads to fresh ideas
Wim Vanhaverbeke, a professor of innovation management and strategy at Hasselt University in Belgium who is also a visiting professor at the ESADE Business School and National University of Singapore, spoke on how to manage the new trend in invention on the sidelines of an international workshop themed Successful innovation management models – lessons for Vietnamese leadership that took place in Ha Noi recently.
IFC official touts private sector benefits
Viet Nam should take further steps to equitise State-owned enterprises (SOEs) and create ideal conditions for the private sector to flourish, according to Vivek Pathak, the International Finance Corporation's director for East Asia and the Pacific who visited Ha Noi last week. Pathak said the private sector was the engine that will get the country back on track towards robust economic growth.

Highlight

VN committed to realising TPP VN committed to realising TPP

Deputy Prime Minister Vu Van Ninh reiterated Viet Nam's commitment to negotiating and realising the terms of the Trans-Pacific Partnership (TPP) for the benefit of all TPP members while meeting US Under Secretary of Commerce for International Trade Stefan M. Selig yesterday in Ha Noi.

VN Railway Authority head found dead VN Railway Authority head found dead

Director of Viet Nam Railway Authority Nguyen Huu Thang was found dead in his office yesterday in Ha Noi.

Student looks to improve traffic 2    Student looks to improve traffic

South Korean high school student Chihyun Ryu has spent her time in Ha Noi over the last three and a half years walking around Hoan Kiem Lake, and riding on the back of her father's motorbike taking videos of the chaotic traffic.

Talented ‘stage magician' tells story in memoir Talented ‘stage magician' tells story in memoir

Artist Thanh Loc will begin his five-city tour tomorrow in HCM City to launch his newly published memoirs.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.