Le Quoc Khanh and Nguyen Van Phuong of Vietnam on May 17 defeated their Malaysian rivals 2-0 in the qualification round of the men’s doubles tennis event at the ongoing SEA Games 31.
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
Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry, talked with VIR’s Khanh An about the giants in the private sector who will become the next pillars of the economy.
Vietnam considers the private economic sector as one of its major economic powerhouses. Minister of Planning and Investment Nguyen Chi Dung talked with VIR’s Khanh An and Thanh Ha about the need to strengthen the country’s private economic sector to connect with foreign enterprises so as to maximise foreign investment and foster an independent economy.
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.
A new policy on the attraction of foreign direct investment (FDI) must also include an approach for fostering Vietnamese businesses, says Nguyen Thi Tue Anh, deputy director of the Central Institute of Economic Management. She told VIR’s Khanh An how FDI could create a ripple effect in Vietnam’s economy that lifts up foreign and domestic businesses.
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.