The Hanoitimes – Deputy Prime Minister Vuong Dinh Hue received Kim Jung Tai, Chairman of South Korea`s Keb Hana Financial Group on January 5 afternoon. Both are optimistic about Vietnam`s business environment. Deputy Prime Minister Vuong Dinh Hue has urged the Keb Hana Financial Group of South Korea to invest in finance-banking in Vietnam. Deputy Prime Minister Vuong Dinh Hue and Chairman and CEO of the Hana financial group Kim Jung Tai Talking to Chairman and CEO of the group Kim Jung Tai in Hanoi on January 5, Deputy PM Hue stressed that Vietnam welcomes South Korean investors, including Keb Hana, to invest in developing a diverse financial market in the country. The group can also join the restructuring of banks, Hue said, adding that the Vietnamese Government has decided to accelerate the restructuring of the banking-financial systems in 2018, which is an opportunity for financial groups such as Keb Hana. The Deputy PM appreciated the cooperation between Keb Hana and the Bank for Investment and Development of Vietnam (BIDV). He said there is potential for their partnership in Fintech and mobile payment in Vietnam. Hue added that Vietnam is also looking to develop its infrastructure through public-private cooperation forms, and hopes that Keb Hana can make direct or indirect investment in this field. Hailing the stable and unceasingly improving business environment in Vietnam, Chairman Kim Jung Tai said his group will invest directly or make investment via funds in infrastructure in the Southeast Asian country. He also… [Read full story]
According to a JETRO survey, Vietnam now stands sixth among the economies Japanese businesses want to expand their sale activities in the next three years. It has also jumped two places to stand at fifth among the markets where Japanese partners wants to expand research and development (R&D) activities. The survey, conducted from November to December 2009 on 3,110 Japanese businesses, also shows Japanese companies’ attention to such areas as chemical, coal, oil and gas, IT equipment and electronic parts. Yuichi Bamba, Deputy Director of the Asian and Ocean Division under JETRO’s Overseas Research Department, said the business environment in…... [read more]
Vietnam’s business environment is still good for investors to consider long-term investment projects despite the current economic hardships, an expert said. Finance-banking expert Pham Nam Kim Pham Nam Kim, aVietnamese finance-banking expert working in Switzerland, made thecomment during a seminar to swap information on investment opportunitiesin trade, education, science – technology and tourism between Vietnamand Switzerland, which was held in Berne on December 18. The Vietnamese Government has set out a series ofpriorities and incentives to attract foreign investment. Projectsinvested in remote areas are given preferential treatment regardingland-use and environment protection fees. The Southeast Asian country also benefits from…... [read more]
Meanwhile, Commercial Counsellor at the Vietnamese Embassy Nguyen Kim Phuong made a detailed introduction about Vietnam’s business environment, including preferential policies to attract investment, priorities to develop Vietnamese farm produce and other main products, as well as chances for economic cooperation between the two countries’ enterprises. Participants were provided with documents on a list of projects calling for investment by 2020, and fairs and exhibitions held in Vietnam annually. During the seminar, New Zealand enterprises, which are running business in Vietnam, shared their experience in how to work with Vietnamese partners, and to get support from the New Zealand Trade and Enterprise…... [read more]
According to CIEM, the reportwas based on a survey of 2,500 small- and medium-sized enterprisesoperating in the processing industry. Its focus was to analyse Vietnam’s business environment, in particular labour growth, investment,financial access and business capacity. The reportfound in recent years, small- and medium-sized enterprises have seen adecline in investment and financial access. 444 of the 2,000 firms saidthat they have not made new investments in the past four years. Credit is considered the biggest obstacle in the development ofenterprises. 39 percent of respondents said that they are facing creditproblems. Dr. Pham Thi Thu Hang from the VietnamChamber of Commerce…... [read more]
The Government issued Resolution 19-2017/NQ-CP on further implementation of key tasks and measures to improve the business environment and enhance national competitiveness in 2017 and towards 2020. Accordingly, a number of measures have been applied to improve the business environment and sharpen national competitiveness in 2017. Fourth edition of Resolution 19 This is the fourth in a row the Government has issued a resolution with the aim of improving the business environment, called Resolution 19 as it was in previous years. In 2014, 2015 and 2016, the Government promulgated Resolutions 19 on key tasks and solutions to improve the business…... [read more]
