Business News

[31-08-2016] Experts have called for Vietnam, businesses and building operators to invest in energy-saving technology as power demand is growing strongly. Electricity demand in Vietnam is projected to rise by at least 10% a year and increase to 615.2 billion kWh in 2030 from 169.8 billion kWh last year.

[25-08-2016] The Government has issued Decree No 73/2016/ND-CP on July 1, 2016 detailing the implementation of the Law on Insurance Business. The Decree regulates the establishment and operation of life insurance, non-life insurance, health insurance, reinsurance enterprises and foreign insurer branches.

[28-08-2016] The industry and trade ministry is drafting an action plan for lowering logistics costs to touch 18 per cent of the country’s gross domestic product (GDP) by 2020. The costs for logistics currently are about 20 to 25 per cent of the GDP, compared with the average rates of seven to 10 per cent in developed countries.

[24-08-2016] Talent Management plays a pivotal role into the organizational success, which remains the most challenging and critical issues for Business Leaders. Asia Pacific, especially South East Asia is recorded one of the busiest and fastest economic growing; the war for talents becomes the most decisive factor for organizations in the region.

[21-08-2016] The construction ministry is drafting a project on management of the property market through six measures to support transparency and stability, Minister of Construction Pham Hong Ha said.

[21-08-2016] The Ministry of Finance proposed the government should offer a preferential corporate income tax of 10 per cent tor firms that are renovating deteriorating apartment blocks. This is aimed at attracting developers to participate in restoring unsafe old apartment buildings, which are a pressing problem in terms of living standards, safety and the urban landscape in major cities such as Ha Noi and HCM City.

[18-08-2016] The Vietnam Textile and Apparel Association (VITAS) has proposed the Government and relevant ministries revise the master zoning plan for textile and garment industry development as it has become outdated.

[18-08-2016] Low industrial production index, half-plan export growth and rising prices of some commodities are major hardships that the industry and trade sector of Vietnam will have to face in last five months of 2016.