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VIETNAM’S TRADE VALUE NEARS US$650 BLN AS OF NOV 15

Vietnam's export value totaled US$326.68 billion in the year to November 15, representing a year-on-year growth of 14.83% or an addition of US$42.2 billion, compared to US$284.48 billion in the same period of 2021).

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CUSTOMS SECTOR: EFFORTS FOR MAJOR BREAKTHROUGHS IN SIMPLIFYING ADMINISTRATIVE PROCEDURES

The National Single Window (NSW) has brought about positive changes in the settlement time of administrative procedures. However, changes are varied among procedures and there are no major breakthroughs in simplifying administrative procedures and reducing costs for businesses.

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98% OF INVESTMENT ATTRACTION PLAN IN 10 MONTHS

According to the report by Vinh Phuc Industrial Park Authority, in 10 months of 2022, industrial parks (IPs) in the province attracted 21 new FDI projects and 28 capital increases for a total investment capital of US$292.6 million, reaching 98% of the year plan. The province attracted 14 new DDI projects, with a total registered capital of VND2,261.58 billion, reaching 323% of the plan in 2022.

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GOVERNMENT TO DIVEST 141 STATE-OWNED ENTERPRISES BY 2025

Deputy Prime Minister Le Minh Khai has signed a decision on the plan to reorganise state-owned enterprises with state capital for the 2022-2025 period. The decision was made after a lull of equitisation and divestment over the past three years due to the impacts of the pandemic.

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VIETNAM’S DRAFT E-TRANSACTION LAW AND THE HIGHLIGHTS WITHIN

The current Vietnamese Law on E-transactions 2005 is based upon the model Law on E-Commerce, which is outdated, and its terms are difficult to apply in practice. Meanwhile, e-commerce transactions are increasingly developing due to changing user demands and habits since the COVID-19 pandemic.

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CPTPP STILL HOLDS UNTAPPED POTENTIAL FOR VIETNAMESE BUSINESSES

There is still a lot of untapped potential for Vietnamese businesses in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) three years after it went into effect, said policymakers and industry experts during an online conference in Hà Nội on Thursday.

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DISCUSSING BLOCKCHAIN DEVELOPMENT IN VIETNAM

The event “Technological Investment Cooperation between Vietnam and South Korea” was hosted by Vietnam Investment Review in collaboration with Vietnam Blockchain Association (VBA), Korea NFT Content Association (KONCA), and NBN Korean TV Channel on November 28.

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FDI INFLOWS REPORT SOME IMPROVEMENT ON-MONTH

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted total foreign direct investment (FDI) inflows of about $25.1 billion in the first 11 months of the year, equivalent to 95 per cent of the previous year's total.

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INT’L EXPERTS, ORGANISATIONS BELIEVE IN VIETNAM'S SUSTAINABLE GROWTH POTENTIAL

According to the firm, Vietnam has maintained export momentum thanks to Free Trade Agreements (FTA), and it has also retained stability of the domestic financial and monetary market in the face of external challenges.

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