Economy and commerce

Economic policy and administration

Fast track gains seen in tax, customs procedures

The finance ministry will build on the successes it has recorded last year in implementing a Resolution on improving the business improvement, Ngô Hữu Lợi, head of its Legal Department, tells the Vietnam News Agency. What are general results of the Finance Ministry implementing Resolution 19/2016/NQ-CP ...

Creativity vital to progress of society, economy: Adobe study

Adobe Systems, a US-based multinational computer-software company, sees strong growth in use of its Creative Cloud product in Asia-Pacific countries because the number of subscribers outside the United States grew almost 50 per cent as of end of the third quarter. The 46-per-cent year-on-year subscription ...

Migration crisis looms over Mekong Delta

Young people are leaving the Mekong Delta, Vietnam’s rice bowl, while the region’s economic growth is declining. These issues were discussed at the conference about socio-economic development of the Mekong Delta 30 years after the economic reforms implemented in 1986 held by Vietnam Academy of Social ...

Public debt ceiling to remain at 65%

The government will not lift the public debt ceiling but will tighten its financial discipline to develop enterprises and further attract social investment to create the resources needed for reform and socioeconomic development. Lifting the ceiling would affect the country’s loan repayment capacity, Deputy Prime Minister ...

TrueMoney goes international, targeting Myanmar

Local mobile payment companies are gearing up to extend their payment services overseas after the Bank of Thailand eased foreign exchange rules. The central bank in March eased the regulations to allow companies that hold payment licences under the law regulating e-payment to act as ...

Gov’t: overturn online business limits

The Ministry of Justice on October 3 proposed eliminating a ban on business services offered online or via communication networks without getting prior permission. Reporting to the National Assembly Standing Committee, which kicked off its fourth meeting session in the morning of October 3, Justice Minister ...

More firms to export catfish to US

Food Safety and Inspection Service, the public health agency under the US Department of Agriculture, has allowed two more Vietnamese firms to export Siluriformes fish to the United States. According to the National Agro-Forestry-Fisheries Quality Assurance Department, this brought the number of Vietnamese firms allowed to ...

Restructuring wipes out 25% of VN securities firms

After five years of aggressive restructuring, the number of securities companies here has reduced from 105 to 81 in 2016. This decrease came after the Ministry of Finance made restructuring securities firm a priority in early 2012. The main purpose was to heighten operational quality, financial ...

Central bank to allow fintech experimentation

The bank of Thailand will open the way for financial-technology product experimentation under its regulatory “sandbox” in the first quarter of next year, in the hope that fintech developers applying to participate can receive licences quickly once they decide to commercialise their products or services. ...

American business lobby to host exclusive dinner with Aung San Suu Kyi

When the US government relaxed sanctions on Myanmar’s state-run companies and banks but stopped short of lifting all sanctions in May this year, the US Chamber of Commerce was not pleased. The American business lobby called for the US to “normalize” relations fully and introduce preferable trade ...

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