tk88 bet

Firms ask Hanoi to further cut procedures

Enterprises with key industrial products asked Hanoi to further cut the administrative procedures and set up an official legal consultancy when they met local Department of Industry and Trade on October 9.
Firms ask Hanoi to further cut procedures ảnh 1As one of enterprises with key industrial products in Hanpi, Vicostone exports engineered quartz to the US. (Photo bizlive)
Hanoi (VNS/VNA) - Enterprises with key industrial products asked Hanoito further cut the administrative procedures and set up an official legalconsultancy when they met local Department of Industry and Trade on October 9.

Last year, the department classified and prioritised enterprises with hightech, environmentally friendly products and those which help high economicgrowth.

These include businesses in technology, electronics, plastics and chemicals,textile and garment, and food production which will enjoy the incentivepolicies to boost production.

In the workshop, held by the department to review the development of theenterprises in Hanoi on October 9, Phạm Anh Tuan, CEO of Vicostone Joint StockCompany, appreciated the recognition and attention from of the city and thedepartment.

However, Tuan believed more should be done to help them.

He told the workshop: “The department should have a consultant section so thatenterprises can ask about the related matters or they must do all bythemselves, which is costly and time wasting.”

Tuan’s enterprise which exports engineered quartz to the US is facingpossible anti-dumping tax from because of much cheaper and counterfeit productsfrom Vietnam.

Tuan told that “Some local competitors are selling low-quality productsimported from China labeled Vietnamese to the US 20 percent lower.”

Tuan was confident his products can compete he could sell them at high prices.But the cheap prices of others make the average price in Vietnam much lower,which is possible to violate the price regulation in the US.

“As a result, my firm would be influenced too,” said Tuan.

In that case, he must hire both local and international lawyers to help himfind a solution. He added: “It is complicated as we must study almosteverything from the beginning because there is not much guide from thedepartment for a similar case to help enterprises.”

Though administrative works have been reformed, he said there was stilloverlapping between different functional agencies, making an example that hisnew product which is made from raw sand cannot be exported because “they cannotdefine a right type of tax for the product.”

If he still wants to export, he must export his products as raw sand but thetax of 30 percent for raw sand export was too high, he added.

After six months running the production, Tuan said: “Hundreds of thousands oftonnes of the product are still in the storage while there are partners askingto buy.”

Tuan asked the department to work with others to speed up every process becauseto export a product out of the country, exporters like him needed to undergo alot of functional agencies.

A representative from Thuong Dinh Cable Wire Company asked the city to reducethe administrative inspections to firms as it takes time. He told thedepartment that there are often 30 inspection teams at his firm each year andmany of the inspections are duplicated.   

Noting all ideas including problems relating to land use rights, licensegranting and other procedures of the enterprises, the department director Le HongThang confirmed they would gather recommendations and transfer to relatingfunctional agencies in the city as soon as possible.

At the same time, they would propose to a higher level of the city and theCentral Government to help solve the problem, giving the condition for thoseenterprises to develop their businesses, Thang said.

On the same day, participants at the workshop also built a framework for thecity’s key industrial enterprise club so that they can be well connected tosupport each other and strengthen the community.

According to the department’s deputy Dam Tien Thang, after nearly two years,there are now more than 60 enterprises with 100 products recognised asenterprises with key industrial products among more than 10,000 firms of thecity. Their revenues are reported to reach 46 trillion VND (1.98 billion USD),accounting for about 43 percent the total industrial production revenue. Theyalso reach the export value of 11.6 trillion VND (500 milion USD).”/.
VNA

See more

Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)

🍬 Binh Duong sets up supporting industry association

The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
Pharmaceutical production at a company in Vietnam. (Photo: VNA)

💝 Vietnam’s pharma sector heats up with major M&A deals

PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
Ngoc Linh ginseng is found within a narrow ecological zone around the peak of Ngoc Linh Mountain. (Photo: VNA)

Quang Nam positioned as medicinal plant hub

The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The official logo of resort airline Sun PhuQuoc Airways (Photo: Sun Group)

🌊 Official logo of resort airline Sun PhuQuoc Airways announced

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

🌟 OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

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.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|