Tag Archive for ‘Economic’

TPP countries push ahead with negotiations in Australia

Senior officials from the remaining 11 countries involved in the Trans-Pacific Partnership (TPP) are meeting in Australia from August 28-30 to discuss measures to bring the agreement into effect as soon as possible. In an statement released on August 28, Australian Trade Minister Steven Ciobo said he has been engaging regularly with his TPP ministerial […]

Health franchises in Vietnam see growth spurt

Franchise opportunities in healthcare and wellness are emerging in Vietnam as locals increase spending to improve their health and overall well-being. Vietnamese people spend billions of dollars every year improving their health and wellness, according to Sean T. Ngo, CEO of VF Franchise Consulting. A growing number of Vietnamese citizens are travelling abroad-to countries like […]

Vietnam minimum wage hikes seen sending production costs soaring

The forthcoming spikes in the region-based minimum wages are expected to improve workers’ incomes but production costs in labor-intensive industries will certainly pick up. The Ministry of Labor, Invalids and Social Affairs, which is drafting a decree on the region-based minimum wages, proposes a wage increase of 6.5%, or VND180,000-230,000 a month, which would go […]

Hanoi plans to build four more bridges over major rivers

The Hanoi government is planning to build four more bridges over the Red and Duong Rivers, with an estimated total cost of VND38 trillion (US$1.67 billion), in a move to reduce traffic congestion during rush hours. The largest of the four projects is the construction of the 3-kilometre long Tu Lien Bridge and a 9-kilometre […]

APEC discusses experiences in simplifying Vietnam business registration

APEC members shared their experiences in assisting companies, especially micro, small and medium-sized ones, smoothly register for doing business at a workshop titled “Simplified business registration and incorporation according to international best practices” held in HCM City on Thursday. Hosted by the US, the workshop attracted around 100 participants and experts from 21 APEC economies. […]

APEC officials interested in Vietnam’s rice production & export

Officials from Asia-Pacific Economic Cooperation (APEC) member economies expressed their special interest in Vietnam’s rice production and export during their fact-finding trip to the Mekong Delta Rice Research Institute (CLRRI) and Trung An Hi-Tech Farming JSC based in Can Tho city on August 24. At the CLRRI located in Ninh Kieu district, the delegates were […]

Vietnam proposes big breaks for special economic zones

The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces. The investment incentives are contained in a draft Law on Special Administrative-Economic Units that the ministry has prepared for submission to the Government and the National Assembly […]

Vietnam to attend third Eastern Economic Forum in Russia

A Vietnamese delegation led by Head of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh is set to attend the third Eastern Economic Forum (EEF) on September 6-7 in Vladivostok, Russia. The Vietnamese delegates are expected to discuss with their Russian counterparts issues related to international economic cooperation in the Far East. […]

Vietnam interest rates forecast to inch down in H2 of 2017

Average interest rates will decrease slightly in the second half of this year, market research firm Market Intello forecast. According to the firm, the continuous fall in inflation led the State Bank of Việt Nam (SBV) to decrease interest rates to stimulate credit activities, which led to a decrease in market interest rate. However, the […]

Agricultural fair to open at Quảng Ninh

HÀ NỘI — The One Commune One Product (OCOP) agriculture trade fair will open on September 1 in the northern province of Quảng Ninh to promote local agricultural and tourism products in a bid to fully tap local potential for economic development. This will be the fifth time Quảng Ninh has organised the OCOP fair. […]