Deputy PM urges completion of business-related legal document
Deputy Prime Minister Trinh Dinh Dung called for coordination among ministries and sectors to reach a consensus on drafting documents concerning the revised Investment and Enterprise laws.
Hanoi (VNA) 🅰– Deputy Prime Minister Trinh Dinh Dung called for coordination among ministries and sectors to reach a consensus on drafting documents concerning the revised Investment and Enterprise laws.
While chairing a meeting in Hanoi on May 26 to review the work, the Deputy PM highlighted goals set by the Government relating to improvement of the national investment and business environment.
It is necessary to create favourable conditions for businesses and individuals to access resources to promote production and business, he stated.
He praised ministries and sectors for their work to implement Prime Minister Nguyen Xuan Phuc’s guidelines, saying that drafting Governmental decrees had met the planned schedule.
He urged ministries to work hard to resolve issues related to drafting legal documents for the enforcement of the revised Investment and Enterprise laws, asking for practical performance, towards harmonising the interests of the State, enterprises and people.
The drafts need to be completed within the time set by the Government and Prime Minister and be high quality, he noted.
Ministries and sector should make necessary studies and amendments after the legal documents are approved or are issued, he remarked.
The revised Investment and Enterprise laws, which will take effect on July 1, are hoped to improve the country’s investment environment. They were designed to respect and uphold business freedom while focusing on equal treatment between domestic and foreign investors to ensure compliance with international treaties Vietnam has committed to.
The Investment Law features administrative overhauls, including cutting the time to process foreign investment registration applications to 15 working days from 45 days as well as raising the responsibility of investors through deposit requirements and equipment quality appraisals.
New points in the Enterprise Law include business registration certificates with information regarding business codes, headquarters addresses and legal representatives. It also abolishes requirements on professional certificates, shortens business registration timelines, adds criteria for State business executives and requests the release of transparent information from firms with State capital up to international standards.-VNA
The revised Investment and Enterprise Laws, adopted by the National Assembly last week, will further improve the country’s investment environment, Minister of Planning and Investment Bui Quang Vinh has said.
New points in the Investment and Enterprise Laws 2014, which go into effect on July 7, caught the attention of business players attending a seminar in Ho Chi Minh City on June 25.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Illustrative image (Source: VNA)
