Việt Nam’s economy maintained strong momentum in eight months, but slower business re-entry, rising dissolutions and inflationary pressures highlight challenges as the Government pushes for double-digit growth.
The Government has proposed a Law on Development of SMEs to replace the Law on Support for SMEs 2017 which was discussed at the National Assembly’s Standing Committee on August 28.
From one HCM City barbershop to more than 130 locations, East West Barbershop is taking its Vietnamese grooming model global, combining an experience-led approach with standardised operations to build a scalable international brand.
Businesses have raised numerous proposals through various forums, including a Government Standing Committee meeting with the business community last month.
The changes are expected to reduce compliance costs by about VNĐ175 billion (US$6.7 million) annually and save around 7,500 hours of administrative processing each year, according to the draft law.
The target, set under the Politburo’s Resolution 68 on private sector development, means the country will need to add around 200,000 net active businesses each year over the next five years.
Organised by the Australia–Vietnam Chamber of Commerce and Industry, the forum was held under the theme “Promoting trade, investment and strategic partnership between Australia and Vietnam.”
The State will no longer periodically announce base prices. Instead, wholesale and retail distributors will have the right to independently decide and announce retail prices within their distribution systems based on the price formula stipulated in the new decree.
Head of the Vietnam Trade Office in Australia Trần Thị Thanh Mỹ said the Việt Nam–Australia Comprehensive Strategic Partnership is widening the lane for economic, trade, and investment ties.
Prime Minister Lê Minh Hưng called for a shift from removing business bottlenecks to building a stronger institutional framework, unveiling six priority tasks to foster a more transparent and predictable business environment.
Sharing 4G and 5G infrastructure nationwide would allow both operators to expand network coverage without proportionally increasing the number of newly built base stations, optimising both capital expenditure and operating expenditure.
Businesses that entered overseas markets with adequate market intelligence and pre-arranged contacts through Việt Nam''s trade office network tended to achieve better results from trade promotion missions.
HCM City is rolling out a comprehensive logistics development strategy aimed at lowering costs to 11–14 per cent of its gross regional domestic product by 2030, positioning the city as a modern logistics hub and strengthening its role in global...