Business News

The "Doi Moi" (renovation) policy, initiated by the 6th Congress of the Communist Party of Vietnam (December 1986) and further improved and developed by following congresses, has opened a turning point in the cause of national construction and development. 

“Information on import and export administrative policies and procedures is more accessible. Enterprises highly appreciate information quality provided by customs authorities. They are also more satisfied with the support and response of authorities when they face difficulty in accessing information.”

Foreign investment inflows to Viet Nam totalled US$19.12 billion in the first eight months, equal to 97.9 percent of the same period last year, according to the Ministry of Planning and Investment.

The Ministry of Planning and Investment is developing a draft programme to support digital transformation in enterprises, cooperatives and business households for 2021-2025, to meet the practical and urgent needs of the fourth industrial revolution and tackling the pandemic.

The United States and Vietnam are making joint efforts to ensure market fairness and macroeconomic stability, therefore enhancing bilateral economic links with monetary and exchange-rate perspectives.

The business community and investors are expected to benefit from the government’s upcoming decision offering special investment incentives, but experts said such bonanzas will need to be further clarified.

Non-cash payments have increased sharply in Vietnam, especially through mobile devices and the internet, according to the State Bank of Vietnam.

The Government and the Prime Minister are determined to resolve long-lasting institutional bottlenecks and obstacles to create new motivation and unlock new resources for development, especially amid the complicated development of the COVID-19 pandemic, Prime Minister Pham Minh Chinh said at the new cabinet meeting on law-making.