Although rankings of the Provincial Competitiveness Index were kept confidential until an official announcement in April, anyone with even a passing interest was confident that the northeastern province of Quang Ninh would again take top spot, having remained in the position since 2017.
The business picture in the first months of the year had positive tints, with the number of enterprises joining the market or resuming operation reaching a record level. Bui Anh Tuan, director general of the Business Registration Management Agency under the Ministry of Planning and Investment (MPI), talked with VIR's Khanh An about notable points.
The COVID-19 pandemic is leaving devastating impacts on the economy both globally and in Vietnam. Nguyen Dinh Cung, former director of the Central Institute for Economic Management under the Ministry of Planning and Investment, elaborates the need to have in place an inclusive programme for economic rebound and development with the engagement of the whole political system.
Mergers and acquisitions have been emerging as an attractive channel for international investors in Vietnam. However, some barriers are restricting foreign investors from entering shared sales and purchase agreements with Vietnamese enterprises. Le Gia Khanh and Nguyen Van Hai Dang from law firm NHQuang & Associates analyse the restrictions and how Vietnam can welcome more foreign funds.
Mergers and acquisitions in Vietnam are forecast to change from the beginning of next year, when three amended laws will come into effect at the same time. Deputy director of the Central Institute of Economic Management Phan Duc Hieu, spoke with VIR’s Khanh An about impact of the laws on enterprises, investment, and securities on the M&A market.
At this point of time, it might be impossible to fully gauge the implications of the novel coronavirus outbreak (nCoV) on the local economy. Nguyen Dinh Cung, former head of the Central Institute for Economic Management (CIEM), delves into its possible impacts on the country’s development and lays out suggestions to end the crisis
Economist Vo Tri Thanh, former deputy director of the Central Institute for Economic Management (CIEM), said that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will change the “integration battle” in Vietnam in the coming years.
Dang Quang Vinh, deputy head of the Business Environment and Competitiveness Division at the Central Institute for Economic Management and member of the research team working on the National Strategy for Industry 4.0, highlights the importance of having suitable policies and institutions in place to enable businesses to make avail of opportunities brought about by Industry 4.0.
Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry (VCCI), confirmed that removing unnecessary administrative procedures and business conditions will motivate Vietnamese businesses.
Industry insiders are scrutinising a Ministry of Planning and Investment draft to the decree regulating investment into innovative startups that has recently been publicised to elicit comments from the public.
Nguyen Dinh Cung, head of Central Institute for Economic Management, scrutinises recent efforts from authorised management agencies to improve the local business environment through simplifying procedures.
The Vietnamese government continues to publicise the portfolio of investment assets to be restructured. This time, it laid out the detailed list of state-owned enterprises marked for divestment during the 2017-2020 period. The opportunity to renew the asset structure of state-owned enterprises is being shifted to the private sector.
Nguyen Chi Dung, Minister of Planning and Investment, stressed that Vietnam needs the private sector to step up to its responsibilities and aspirations and grow stronger, faster, to truly become the driving force of the economy.
A number of firms have started to look for help from the Small and Medium Enterprise Development Fund (SMEDF) after its first year of operation.
Printing businesses are holding their breath waiting for revisions to a relevant legal document regulating the printing business which has hindered their operation since coming into force two years ago.