Chair of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc believes that attaching importance to developing the private economic sector is the way to make the country prosperous.

Although the local private sector has enjoyed phenomenal growth in the past years, reaching its abundant potential still proves a challenging task.

Corporate bond issuance up 220% in Q1

To Vietnamese, Chinese contractors means ‘low quality’. However, they are not be the fatal problem of Vietnam’s infrastructure works.

Vietnam’s socio-economic situation in April 2019 witnessed many positive signs with macroeconomic stability and surging aggregate demand, Prime Minister Nguyen Xuan Phuc told a regular cabinet meeting in Hanoi on May 4.

As Vietnam moves closer to developing a sturdy private sector, the government is being urged to create the best conditions for the sector to do business.

Vietnam opposes and resolutely rejects China’s unilateral decision to ban fishing in the East Sea, covering Vietnam’s waters, from May 1 to August 16, 2019, said Foreign Ministry’s spokesperson Le Thi Thu Hang.

The equitisation of SOEs is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on May 4.

The construction of the Ho Chi Minh Trail over the Truong Son Mountain Range and its important role in the resistance war are being reflected at an exhibition which opened in Hanoi on April 3.

Vietnam and the Czech Republic on May 3 signed a document on the ratification and implementation of the agreement on the transfer of sentenced persons between the two countries.

The National Payment Corporation of Viet Nam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.

Vietnam is now considering the manufacturing industry as a key pillar for growth.

Viet Nam could enjoy an additional US$162 billion to GDP in the next 20 years if the country succeeds in its digital transformation, said Deputy Minister of Planning and Investment Vu Dai Thang.

January-April total retail value grows at highest rate since 2015

Competitive labour costs and preferential policies will continue to help Viet Nam become an ideal destination for investors in the garment and textile sector.

The first female Vietnamese footballer competing abroad, Tran Hong Nhung, will have a chance to win the Thai national championship.

The Promotion Fund of Vietnamese Football Talents Academy will send four athletes to Spain to train at the International Football for Friendship Academy in Madrid.

A group of architects and cultural experts have signed a petition sent to the Prime Minister, the Minister of Culture, Sports and Tourism and chairman of Nam Dinh Province’s People’s Committee to stop the renovation of Bui Chu Church.

Van Mieu-Quoc Tu Giam will undergo a major renovation and restoration. Built in the 11th century, it now becomes one of the country’s top destinations, rich with history and culture.

The private sector plays a crucial role in the national economy and should be given impetus to develop.