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Recommendations made to improve HCMC’s Cat Lai Port
Business

Recommendations made to improve HCMC’s Cat Lai Port

The Trade Facilitation Program in Vietnam, funded by the United States Agency for International Development (USAID), has made a number of recommendations on reducing congestion and facilitating logistics at Cat Lai Port in Ho Chi Minh City. Leveraging IT solutions, expanding infrastructure, and improving operational performance count among the most notable.
Business

Textiles & garments aiming to complete ‘greening’ by 2030

Vietnam’s textiles and garment sector is a traditional outsourcing industry using a lot of labor and natural resources, making its transition to green production a major challenge. The Vietnam Textile and Apparel Association has set a target of reducing energy consumption by 15 per cent and water consumption by 20 per cent by 2023 and completing the “greening” of the sector by 2030.
Business

PM meets with Warburg Pincus CEO

On May 15, at a meeting with Mr. Charles Kaye, CEO of Warburg Pincus, Prime Minister Pham Minh Chinh, who is in the US on a working visit, affirmed that the Vietnamese Government has introduced favorable conditions for foreign investors to do business effectively, and suggested that the company continue to expand its investment in the country. Vietnam is Warburg Pincus’s third-largest investment destination in Asia, following China and India.
Support coming for students to start businesses

Support coming for students to start businesses

The Ministry of Education and Training (MoET) has issued a plan to implement the “Supporting students in starting a business to 2025” project. MoET will coordinate with the Ministry of Planning and Investment (MPI) and training institutions to help students get a business off the ground and allocate places for them to study.
7 Vietnamese universities listed in THE Impact Rankings

7 Vietnamese universities listed in THE Impact Rankings

Times Higher Education (THE) has announced its THE Impact Rankings, on which Vietnam has seven universities, an increase of three compared to 2021. All seven ranked highly in Sustainable Development Goal 8 (SDG 8), regarding economic growth and sustainable employment. The Hanoi University of Science and Technology (HUST) ranked the highest, with 70.3 points.
More businesses needed under economic restructuring plans

More businesses needed under economic restructuring plans

In order to innovate the growth model and improve economic competitiveness it is necessary to increase the number of businesses. The economic restructuring plan in the 2021-2025 period targets 1.5 million businesses by 2025. To reach such goals, a specific agenda from the government and a smooth business environment are needed.
Newly-established enterprises at record in April

Newly-established enterprises at record in April

The 15,000 enterprises established in April set a new record. In the first four months there were 49,600 enterprises registered, with total capital of VND635.3 trillion ($27.65 billion) and 348,200 employees, up 12.3 per cent, 1.2 per cent, and 2.3 per cent, respectively, over the same period last year.
Covid-19 adaptation program for SIBs launched

Covid-19 adaptation program for SIBs launched

On April 28, the Agency of Enterprise Development (AED) at the Ministry of Planning and Investment (MPI), Global Affairs Canada (GAC), and the UN Development Program (UNDP) jointly launched the “COVID-19 Adaptation Program”, for Social Impact Businesses (SIBs) to increase their capacity and refine their business models to address the challenges they face. SIBs will receive support in the fields of agriculture and tourism and in building and testing new business models.
Management tool in competition law not given sufficient attention

Management tool in competition law not given sufficient attention

According to the “Business Law Flow Report 2021” from the Vietnam Chamber of Commerce and Industry (VCCI), the management tool in the competition law is being used to ensure order in the market when business behavior affects competitiveness and damages consumers. However, the management tool has received insufficient attention overall, despite the comprehensive nature of the competition law.

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