Update news MPI

Experts doubt MOIT’s new rules will free up businesses

The Ministry of Industry and Trade (MOIT) decision on removing 675 business conditions and licenses has been described as a ‘historic decision’. However, experts think it doesn’t have much significance.

Bac Van Phong, no longer a sleeping beauty

VietNamNet Bridge - Once Bac Van Phong SEZ is set up, Van Phong Bay will have great opportunities to develop its potential. 

Part 2: Van Don commercial port awakens

Visitors to Van Don will be impressed by the animation in the locality: convoys of trucks laden with building materials, machines and equipment head toward major construction sites. 

Vietnam urged to prepare for no-ODA period

VietNamNet Bridge - Vietnam needs to draw up a long-term plan to stop receiving ODA within 15-20 years, experts say. As of June this year, it is no longer receiving preferential loans from WB.

Overlapping state management causes headaches for businesses

VietNamNet Bridge - Overlapping duties in state management have been found in 18 fields.

Part 1: The strong rise of Phu Quoc

VietNamNet Bridge - Phu Quoc Island in Kien Giang province, together with Van Don in Quang Ninh and Bac Van Phong in Khanh Hoa, has been chosen to develop a SEZ in the future.

Vietnam economic future uncertain as it still relies on FDI: experts

VietNamNet Bridge - Vietnam’s economic growth is still heavily dependent on foreign invested enterprises (FIEs), especially conglomerates. 

MPI 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.

FDI from tax havens poses risks to economy

VietNamNet Bridge - The cash flow from tax havens is often risky, especially without adequate technical and tax barriers, say analysts.

VND2 trillion loss predicted if mining at Thach Khe stops

MPI has suggested stopping mining operations at Thach Khe, the biggest iron ore operation in SE Asia, but the Ministry of Industry and Trade (MOIT), Vinacomin and Thach Khe Iron JSC (TIC) have disagreed about the plan.

SOEs facing divestment to be made public soon

Deputy Prime Minister Vuong Dinh Hue on Wednesday urged the Ministry of Planning and Investment (MPI) to quickly finalise the list of State-owned enterprises (SOEs) that needed to be divested.

Thach Khe project: too many risks to environment

VietNamNet Bridge - Experts believe that Ha Tinh province can develop its economy without having to rely on  Thach Khe iron ore mining. 

Businesses’ fear of failure stifles startup culture

VietNamNet Bridge - The high ‘fear-of-failure’ is a challenge that affects entrepreneurs in Vietnam, despite the efforts by the government to improve the business environment. 

Processed food could be next big money-earner for Vietnam

Vietnamese are wasting many good agricultural products as they sell them as raw materials instead of processing them for added value. 

South Korean investors ‘play big’ in Vietnam’s finance & banking market

VietNamNet Bridge - Vietnamese bankers have been warned that they should beware of not only well-known banks from Japan, UK, Singapore and the US, but rivals from South Korea as well.

How many private businesses are there in Vietnam?

VietNamNet Bridge - The statistics on the number of private businesses released by state management agencies vary.

Workers over 35 squeezed out of jobs at foreign-invested firms

According to a General Confederation of Labor survey, there are about 300 industrial zones (IZs) and export processing zones (EPZs) throughout the country, attracting 2.8 million workers.

Unsatisfactory GDP leaves Vietnam in middle-income trap

The low GDP growth rate of 5.1 percent in the first quarter of the year, the lowest rate in the last two years, has made it more difficult to reach the 6.7 percent GDP growth rate target for 2017. 

Vietnam's sericulture industry in danger from China businesses

VietNamNet Bridge - Chinese businesses have been flocking to Vietnam, competing with Vietnamese enterprises to collect materials, causing a material shortage. 

Provinces in state of suspense over planning overlap

VietNamNet Bridge - The Ministry of Planning and Investment (MPI), which is now drafting the Law on Planning, is attempting to reduce overlapping development plans.