Transparency critical to seize opportunities

The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. These tariffs will then rise to 25 per cent on January 1. In retaliation, China has decided to impose taxes on about $60 billion worth imports from the US together with the publication of a white paper about US trade frictions. For Việt Nam, the trade war will bring opportunities and risks. Việt Nam News reporter Mai Linh talks with industry associations about possible impacts of a trade war between the world’s two largest economies on their industries.

Exchange rate no problem for Việt Nam

The exchange rate between the Vietnamese đồng and the US dollar has kept on rising significantly in recent weeks, which has surprised both investors and analysts in Việt Nam despite the economy’s stable development and historical-high foreign reserves. Việt Nam News reporter Nguyễn Hoàng Sơn discusses the issue with Phạm Tiến Dũng, deputy head of Research and Investment Advisory Department at Bảo Việt Securities Joint Stock Company

SAEZ policies must prevent abuses of power

The Law on Special Administrative-Economic Zones (SAEZs) will continue to be discussed at the fifth session of the 12th National Assembly. The law is expected to create a breakthrough to attract investment.

Future bright for Việt Nam’s capital market

The Vietnamese economy’s bright prospects have created many opportunities for investors in the market. However, the economy is still heavily dependent on credit and the development of this market is still limited.

Vietnam News Agency talks to Vũ Bằng, member of the Prime Minister’s Economic Advisory Group, about how to make Việt Nam’s capital market become more attractive and what opportunities will be identified in 2018.

Future bright for VN’s woodworking industry

Việt Nam's woodworking industry has registered significant growth in recent years. The industry earned US$8 billion last year, up from $7.3 billion in 2016. Huỳnh Văn Hạnh, standing deputy chairman of the Handicraft and Wood Industry Association of HCM City, and Nguyễn Chánh Phương, director of Danh Mộc Co., Ltd, speaks to Việt Nam News about all this and more.

Mixed blessings from China trade pacts

Despite important trade agreements and commercial commitments between Việt Nam and China, local enterprises are not reaping expected gains. Phạm Sỹ Thành, Director of the China Economic Research Programme at the Việt Nam Centre for Economics and Policy Research, explains the situation.

Fund manager optimistic on VN stock market

After 10 years, VN-Index reached historical milestone when reaching 800 points. Việt Nam News talks with Steven Mantle, offshore fund raising director under Vietfund Management (VFM) about the market as well as operation of its funds. 

 

Hải Phòng calls for more investment from ASEAN countries

Over the last five years, Hải Phòng has developed a strategy to attract investment from corporations across ASEAN and build sustainable cooperative ties with them. Lê Trí Vũ, director of the Hải Phòng Investment, Trade, Tourism and Tourism Promotion Centre speaks to the Vietnam News Agency about the issues.

VAT increase necessary for national budget: official

Phạm Đình Thi, director of the Ministry of Finance’s Tax Policy Department talks with a Vietnam News Agency reporter about the ministry’s proposal to increase the value added tax (VAT) from 10 per cent to 12 per cent.

New Decision to boost power pricing transparency

Prime Minister Nguyễn Xuân Phúc has promulgated Decision 24/2017/QĐ-TTg to allow the Electricity of Việt Nam (EVN) to raise the average retail price of electricity by 3 per cent to less than 5 per cent without asking permission from the Ministry of Industry and Trade (MoIT). Nguyễn Anh Tuấn, director of the Electricity Regulatory Authority of Việt Nam (ERAV) told media about issues relating to the decision.

 

High time for high-tech farming in Viet Nam

The Government will focus on technology-based agriculture to resolve problems like the lack of value-added products for export, the low competitiveness of Vietnamese farm produce in world markets and inconsistency in quality.

 

VN should move away from coal power: GGGI

Việt Nam News reporter Ngọc Bích speaks with Dr. Frank Rijsberman, director general of the Global Green Growth Institute (GGGI) -- a Seoul-based international organisation -- about the potential of renewable energy in Việt Nam and what the country should do to overcome challenges in the process of implementing renewable projects.

VN shrimp brand: difficult, but not too late

Việt Nam is the third largest shrimp producer and the largest giant tiger prawn producer in the world. Shrimp is one of seafood products having largest export value in Việt Nam.

VN well poised to face growth challenges

Global research and consultancy firm Oxford Business Group (OBG) on April 25 launched a comprehensive report on the Vietnamese economy. OBG Chairman Michael Benson-Colpi and Chief Executive Officer (CEO) of HSBC Bank Việt Nam Phạm Hồng Hải, one of the contributors to “The Report Vietnam 2017” spoke to Việt Nam News reporter Nguyễn Linh Anh about the factors that make Việt Nam stand out as an investment destination as well as the challenges that lie ahead.

Fast track gains seen in tax, customs procedures

The Ministry of Finance this year will have more solutions to improve further business environment and national competitive ability after gaining success in implementing Resolution 19/2016/NQ-CP to improving business environment.

Green growth: not as expensive as you think

Việt Nam is heading to the green growth model and seeking international experiences as well as finance for the innovative of green growth. Việt Nam News reporter Mai Hương interviews Tomaso Andreatta, chairman of EuroCham Green Growth Sector Committee, on this issue.

The secret of Đà Nẵng’s success

The central city of Đà Nẵng continues to top the Provincial Competitiveness Index (PCI) for the fourth consecutive year. However, the secretary of the city’s Party Committee, Nguyễn Xuân Anh, is still not satisfied. Local media talk to him about the city’s efforts to reform administrative procedures to provide a favourable business environment for investors.

New census seeks to compile reliable data

The General Statistics Office (GSO) started to implement a general economic census across the nation from March 1. The general economic census this time has a new point that it would collect data on foreign non-governmental organizations operating in Việt Nam to evaluate full results of their operation in the domestic economy.

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