PM Wants to Transform Vietnam from ‘Beautiful Girl’ to ‘Economic Tiger’
Vietnam’s Prime Minister Nguyen Xuan Phuc has called for more efforts to make the fast-growing economy a new Asian tiger, combining macroeconomic growth with social prosperity and environmental conservation.
“We must try to transform Vietnam from a beautiful girl into a new economic tiger in Asia,” PM Nguyen Xuan Phuc said at a meeting held by the Ministry of Planning and Investment on Monday, referring to how Vietnam is usually associated with its natural charm.
PM Enacts Cut of Trade Ministry-Managed Business Conditions
Prime Minister Nguyen Xuan Phuc on January 15 signed to issue a decree on cutting 675 of the 1,216 business conditions, or 55.5%, managed by the Ministry of Industry and Trade.
In September, 2017, Trade Minister Tran Tuan Anh approved a plan to abolish 675 business conditions under the management of the ministry, showing the ministry’s pioneering role in reforming business conditions.
Vietnam, France Shake Hands in Combating Corruption
The Government Inspectorate of Vietnam and the French Anti-Corruption Agency signed a memorandum of understanding (MoU) on cooperation in preventing and fighting corruption in Hanoi on January 15.
The MoU lays a foundation for the bilateral affiliation between the two sides, allowing them to foster coordination and the sharing of information and professional documents as well as experience.
National Assembly Leader Wants Independent State Audit
Chairwoman of the National Assembly Nguyen Thi Kim Ngan has highlighted the need to promote the independence of the State Audit Office of Vietnam (SAV) and its auditors, aiming to ensure the transparency of its operations
Addressing the event, Ngan spoke highly of the significant results obtained by the SAV, which she said, had contributed actively to prevention of corruption and wastefulness.
Finance Ministry Wants Hike in Tax on Capital/Securities Trade Income
The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2% for trades not registered to the Vietnam Securities Depository and not made on the securities market.
The individual income tax imposed on each securities/capital transaction is calculated by the selling price minus the buying price and charges that help generate the income for the individual investor.
Vietnamese Sue Apple for ‘Purposely Slowing down iPhones’
Vietnamese have joined the community of iPhone users filing lawsuits against Apple for intentionally slowing down the phones as the devices" batteries aged.
Lawyers Nguyen Ngoc Hung and Tran Manh Tung from Ket Noi (Connect) Law Firm belonging to the Hanoi Bar Association on January 10, 2018 filed a lawsuit against the US-based Apple group. Ket Noi set up a website at batterydown.vn to which Vietnamese iPhone users can register to join the lawsuit.
Japanese Escalator Manufacturer Makes Foray into Vietnamese Market
Alpec joint venture company and Nidec, a Japanese business have stricken a strategic cooperation agreement to provide high-quality elevator installation, warranty and maintenance services in Vietnam.
As the world leading hi-tech group operating in 45 countries across the globe, its turnover rose to $30 billion last year. Since its operation in Ho Chi Minh City starting in 1998, Nidec has injected a total investment capital of nearly $800 million into a number of projects in the city.
Hite Jinro Opens New Branch in Vietnam
Hite Jinro Co., South Korea"s leading liquor manufacturer, said Tuesday it has established a new branch in Vietnam, as it attempts to tap deeper into the large Southeast Asian market.
The launch of the new branch in Ho Chi Minh City came two years after the company set up a Vietnamese affiliate in Hanoi.
Dempsey Hill Asia Fund Disposes of MWG shares
Dempsey Hill Asia Fund has completed the transfer of one million shares of Vietnam’s leading mobile phone retailer Mobile World Investment Corporation (MWG) to four foreign funds with an estimated value of 130 billion dong ($5.72 million).
According to Vietnam Securities Depository Centre, it completed the transfer of ownership of 500,000 MWG shares to three other foreign funds including Morgan Stanley Institutional Fund Inc – Frontier Emerging Markets Portfolio (234,240 shares), Morgan Stanley Galaxy Fund (235,470 shares) and Morgan Stanley Investment Fund (30,290 shares).
Vinasugar II to Auction 63.59 Million Shares
Vietnam’s Ministry of Agriculture and Rural Development will divest a 93% stake in Vietnam Sugarcane and Sugar Corporation II (Vinasugar II).
Under the plan, Vinasugar II will auction 63.59 million shares to the public on February 13, according to the Hochiminh Stock Exchange (HoSE). Currently, the company has a charter capital of 685 billion dong ($30.14 million).
Mitsubishi Motors Plans $250 Million for Second Vietnam Plant
Japanese automotive giant Mitsubishi Motors plans to invest $250 million to build a second auto manufacturing plant in Vietnam as the firm looks to tap strong demand in Vietnam as well as expand its presence in the region, a senior executive has said.
The company is exploring a location for the factory, which should be within an already operational industrial park, close to a seaport and easily connected to domestic as well as overseas markets, Kozo Shiraji, vice president of Misubishi Motors Corp., unveiled the information at a meeting with Vietnamese Deputy Prime Minister Vuong Dinh Hue in Hanoi on January 15.
Tin liên quan
- [Round-up] Vietnam Complains to WTO about U.S. Fish Tariffs, Viettel Renamed
- [Round-up] PM Wants Vietnam to Become New Economic Tiger in Asia
- [Round-up] Vietnam, U.S. Seek Stronger Cooperation in Energy, Defense
Cùng dòng sự kiện
Từ khóa: Nguyen Xuan Phuc, Vuong Dinh Hue, Mitsubishi, Apple