Workshop seeks ways to promote gender equality

NDO - The EU-Vietnam Free Trade Agreement (EVFTA), which is considered a comprehensive trade agreement covering a wide area of sectors and also has an equal elimination of tariffs from both sides, is anticipated to bring about benefits and opportunities for both economies in multiple ways throughout the years. According to the agreement, the EU and Vietnam has committed to further market access and the removal of over 99% of tariffs on industrial and agricultural products, in addition to zero-duty Tariff Rate Quotas on a number of goods including clothing, footwear, seafood, tropical agricultural products, furniture and others which will come from Vietnam and automobiles, machinery, equipment, beverages, medicine, and temperate agricultural products and others which will come from the EU. In addition, the two sides' commitments on services sectors go largely beyond both WTO commitments and any other FTA that Vietnam has concluded. Therefore, EU companies will have more benefits when investing and doing business in the Vietnamese market, particularly in the sectors of their strength which include finance, banking, insurance and maritime transport. Vietnam's commitments to ensure an open and transparent investment and business environment will help to boost high quality investment from the EU into Vietnam. With anticipated benefits from the agreement along with the establishment of the ASEAN Economic Community in late 2015, Vietnam will have an opportunity to become a hub of trade and investment between the EU and ASEAN countries. Furthermore, Vietnam has made commitments in regards to new areas which include government procurement,…... [read more]

Viet Nam has become known for its remarkable feat in becoming an agricultural powerhouse in a relatively short time, but it seems that the benefits accrued to farmers are not commensurate with the country’s comparative advantages and efforts. Ba Vi Hightech dairy farm in Ba Vi District, Ha Noi.  Far reaching agricultural reforms over the past 30 years have provided farmers with ‘catalysts’ and motives to produce and earn their living in a market-driven, open economy, becoming self-reliant in the process. These reforms have enabled significant achievements in export, food security and poverty reduction. However, recent studies have shown that agricultural growth has been slowing down and that added value created in the sector as well as benefits to farmers do not match the efforts made. About 24 million workers, i.e. 25 per cent of the country’s population or about 45 per cent of the country’s labour force, are engaged in agricultural production, but the sector has only contributed roughly 17 per cent of the nation’s gross domestic product (GDP) and this has been decreasing for many years now. The number of agricultural businesses makes up less than 1 per cent of total businesses in Viet Nam (4,000 out of 420,000 businesses nationwide). Loans provided to agricultural businesses also account for just 10 per cent of total outstanding loans in the banking system. These figures show agriculture has become significantly less attractive for investment. While the gap between the current status of agricultural production and the new requirements for development…... [read more]

The event was organised by the Vietnam Young Entrepreneurs' Association and the Mekong Business Initiative. The PM said the Government is well aware of the role of the private sector, which was highlighted under the 12th Party Central Committee’s fifth meeting Resolution. He suggested removing all barriers while creating the best conditions for the private sector to develop. Government conferences and dialogues have spent plenty of time on matters the private sector encounters, he noted. The Government has also accompanied businesses and pushed ahead with institutional reform to improve the business environment and facilitate business operation, he said. The PM affirmed that the key to economic growth lies in the private sector, reiterating the Government’s aim to enable the sector. He encouraged the business community to raise their voice and help the Government boost the economy. He cited a representative of the World Bank as saying “Vietnam has a bright future thanks to the private sector and people.” Chairman and CEO of the technology company FPT Corporation Truong Gia Binh said if all favourable conditions are carried out for private enterprises according to the Government’s policies, the private sector’s growth will reach from 15 percent to 50 percent in the future. A survey launched before the forum opened indicates that 65 percent of businesses questioned expressed their hope for a government of action. The main topics under discussion included an action programme for the private sector, digital economy, agriculture and…... [read more]

Prime Minister Nguyen Xuan Phuc delivers his speech at the second Viet Nam Private Sector Forum. — VNA Photo The private sector is an important driver of economic development, Prime Minister Nguyen Xuan Phuc said at the second Viet Nam Private Sector Forum held in Ha Noi on Monday. Speaking at the event organised by the Viet Nam Young Entrepreneurs’ Association and the Mekong Business Initiative, the PM said the Government is well aware of the role of the private sector, which was highlighted in the 12th Party Central Committee’s fifth meeting Resolution. Reiterating the Government’s goal to enable the sector, Phuc said the endeavour is to remove all barriers, while creating the most favourable conditions for the growth of the private sector. He quoted a World Bank representative saying: “Viet Nam has a bright future thanks to the private sector and its people.” Government conferences and dialogues have spent a lot of time on problems that the private sector encounters, he noted, adding that the Government has pushed ahead with institutional reforms to improve the business environment and facilitate business operation. The PM encouraged the business community to raise its voice and help the Government boost the economy. Truong Gia Binh, chairman and CEO of technology firm FPT Corporation, said that if favourable steps are taken for private enterprises as per Government policies, the private sector’s growth will rise from 15 per cent to 50 per cent in the future. …... [read more]

Vietnam is expected to become the EU’s largest trade partner in the Association of Southeast Asian Nations (ASEAN) once the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect in 2018, according to Minister of Industry and Trade Tran Tuan Anh. Dragon fruits are packaged at the Cat Tuong agricultural products produciton and processing Co. Ltd in Tien Giang province  The minister said Vietnam could also become the most promising destination in Southeast Asia for European businesses. According to the Ministry of Industry and Trade (MoIT), the country may serve as an entry point for EU trade to ASEAN. Once effective, the EVFTA will encourage investment from the EU into Vietnam and create opportunities for the two sides to access each other’s market, the ministry said.  The EU will eliminate about 85.6 percent of tax lines on Vietnam’s exports, with the rate increasing to 99 percent seven years later.  Meanwhile, Vietnam will liberalise 65 percent of import duties on EU exports. In another 10 years, about 99.8 percent of EU goods exported to Vietnam will enjoy a zero percent tax rate.  Statistics released by the MoIT show that the Vietnam-EU trade grew by 8.93 percent in 2016 compared with the previous year to reach 45.07 billion USD.  Bilateral trade expanded by 16.2 percent year-on-year in the first five months of 2017.  Of the figure, Vietnam’s exports to the EU rose 4.2 percent, mostly apparel, footwear, agro-forestry-aquatic products and computers, while its imports from the EU rose 14 percent, including machinery, equipment,…... [read more]

The private sector is an important driver of economic development, said Prime Minister Nguyen Xuan Phuc at the second Vietnam Private Sector Forum held in Hanoi on July 31. At the second Vietnam Private Sector Forum The event was organised by the Vietnam Young Entrepreneurs' Association and the Mekong Business Initiative. The PM said the Government is well aware of the role of the private sector, which was highlighted under the 12th Party Central Committee’s fifth meeting Resolution. He suggested removing all barriers while creating the best conditions for the private sector to develop.  Government conferences and dialogues have spent plenty of time on matters the private sector encounters, he noted. The Government has also accompanied businesses and pushed ahead with institutional reform to improve the business environment and facilitate business operation, he said. The PM affirmed that the key to economic growth lies in the private sector, reiterating the Government’s aim to enable the sector. He encouraged the business community to raise their voice and help the Government boost the economy. He cited a representative of the World Bank as saying “Vietnam has a bright future thanks to the private sector and people.” Chairman and CEO of the technology company FPT Corporation Truong Gia Binh said if all favourable conditions are carried out for private enterprises according to the Government’s policies, the private sector’s growth will reach from 15 percent to 50 percent in the future. A survey launched before the forum opened indicates that 65 percent of businesses…... [read more]

Dragon fruits are packaged at the Cat Tuong agricultural products produciton and processing Co. Ltd in Tien Giang province (Photo: VNA) Hanoi (VNA) – Vietnam is expected to become the EU’s largest trade partner in the Association of Southeast Asian Nations (ASEAN) once the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect in 2018, according to Minister of Industry and Trade Tran Tuan Anh. The minister said Vietnam could also become the most promising destination in Southeast Asia for European businesses. According to the Ministry of Industry and Trade (MoIT), the country may serve as an entry point for EU trade to ASEAN. Once effective, the EVFTA will encourage investment from the EU into Vietnam and create opportunities for the two sides to access each other’s market, the ministry said. The EU will eliminate about 85.6 percent of tax lines on Vietnam’s exports, with the rate increasing to 99 percent seven years later. Meanwhile, Vietnam will liberalise 65 percent of import duties on EU exports. In another 10 years, about 99.8 percent of EU goods exported to Vietnam will enjoy a zero percent tax rate. Statistics released by the MoIT show that the Vietnam-EU trade grew by 8.93 percent in 2016 compared with the previous year to reach 45.07 billion USD. Bilateral trade expanded by 16.2 percent year-on-year in the first five months of 2017. Of the figure, Vietnam’s exports to the EU rose…... [read more]

At the second Vietnam Private Sector Forum (Photo: VNA) Hanoi (VNA) – The private sector is an important driver of economic development, said Prime Minister Nguyen Xuan Phuc at the second Vietnam Private Sector Forum held in Hanoi on July 31. The event was organised by the Vietnam Young Entrepreneurs' Association and the Mekong Business Initiative. The PM said the Government is well aware of the role of the private sector, which was highlighted under the 12th Party Central Committee’s fifth meeting Resolution. He suggested removing all barriers while creating the best conditions for the private sector to develop.   [Vietnam Business Development Forum focuses on private sector growth] Government conferences and dialogues have spent plenty of time on matters the private sector encounters, he noted. The Government has also accompanied businesses and pushed ahead with institutional reform to improve the business environment and facilitate business operation, he said. The PM affirmed that the key to economic growth lies in the private sector, reiterating the Government’s aim to enable the sector. He encouraged the business community to raise their voice and help the Government boost the economy. He cited a representative of the World Bank as saying “Vietnam has a bright future thanks to the private sector and people.” Chairman and CEO of the technology company FPT Corporation Truong Gia Binh said if all favourable conditions are carried out for private enterprises according to the Government’s policies, the private …... [read more]

NDO/VNA – The private sector is an important driver of economic development, said Prime Minister Nguyen Xuan Phuc at the second Vietnam Private Sector Forum held in Hanoi on July 31. The event was organised by the Vietnam Young Entrepreneurs' Association and the Mekong Business Initiative. The PM said the Government is well aware of the role of the private sector, which was highlighted under the 12th Party Central Committee’s fifth meeting Resolution. He suggested removing all barriers while creating the best conditions for the private sector to develop. Government conferences and dialogues have spent plenty of time on matters the private sector encounters, he noted. The Government has also accompanied businesses and pushed ahead with institutional reform to improve the business environment and facilitate business operation, he said. The PM affirmed that the key to economic growth lies in the private sector, reiterating the Government’s aim to enable the sector. He encouraged the business community to raise their voice and help the Government boost the economy. He cited a representative of the World Bank as saying “Vietnam has a bright future thanks to the private sector and people.” Chairman and CEO of the technology company FPT Corporation Truong Gia Binh said if all favourable conditions are carried out for private enterprises according to the Government’s policies, the private sector’s growth will reach from 15 percent to 50 percent in the future. A survey launched before the forum opened indicates that…... [read more]

NDO/VNA – The private sector is an important driver of economic development, said Prime Minister Nguyen Xuan Phuc at the second Vietnam Private Sector Forum held in Hanoi on July 31. The event was organised by the Vietnam Young Entrepreneurs' Association and the Mekong Business Initiative. The PM said the Government is well aware of the role of the private sector, which was highlighted under the 12th Party Central Committee’s fifth meeting Resolution. He suggested removing all barriers while creating the best conditions for the private sector to develop. Government conferences and dialogues have spent plenty of time on matters the private sector encounters, he noted. The Government has also accompanied businesses and pushed ahead with institutional reform to improve the business environment and facilitate business operation, he said. The PM affirmed that the key to economic growth lies in the private sector, reiterating the Government’s aim to enable the sector. He encouraged the business community to raise their voice and help the Government boost the economy. He cited a representative of the World Bank as saying “Vietnam has a bright future thanks to the private sector and people.” Chairman and CEO of the technology company FPT Corporation Truong Gia Binh said if all favourable conditions are carried out for private enterprises according to the Government’s policies, the private sector’s growth will reach from 15 percent to 50 percent in the future. A survey launched before the forum opened indicates that…... [read more]




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