With the target of having 2 million businesses nationwide by 2030—double the current number, the PM underscored that administrative procedures must be as fast, simple, and cost-effective as possible.

Kasikornbank (KBank), Thailand’s second-largest lender by total assets, is focusing on expanding its international banking business this year in Vietnam and Indonesia, given the two ASEAN economies’ high growth potential.

Many leading groups and corporations of the Republic of Korea, which operate in banking, finance, electricity, retail sales, and technology, have expressed their interest in cooperation with Vietnamese partners, including FPT Corporation, in the fields of new technologies digital transformation.

Salary increases this year at both multinationals and major local companies have in general been higher than inflation rates, a survey has found.

Entrepreneurs are hailing a national plan to reduce corporate income tax for small- and medium-sized enterprises from 20 percent to 17 percent starting next year.

Dynamic youth are likely to help Ho Chi Minh City realise its goal of doubling the number of enterprises in 2020, visiting senior advisor to the US Secretary of State David Thorne said.