(ĐTTCO) - Agricultural produce for domestic consumption must set the same standards as those for export to other countries. This ensures the health of all consumers, and creates a level of equal competition for growing clean genuine produce.
(ĐTTCO) - An Giang Province is located in the upper reaches of the Mekong Delta Region in the South Western part of Vietnam. In recent years, An Giang Province has effectively seized opportunities, and overcome many challenges such as natural disasters and spread of contagious diseases, while strengthening domestic socio economic growth within the province.
The State Bank of Vietnam continued to raise reference exchange rate by VND10 per dollar on May 15 sending the US dollar exchange rate against the Vietnamese dong to a new record high of VND23,064 per dollar.
Although in the first four months of this year, registered foreign investment capital into Vietnam hit a record high, there was no large-scale project. According to experts from the Ministry of Planning and Investment, the first-billion-dollar project this year will possibly be a project from Hong Kong (China): Weijia Textiles Vina.
Several automobiles manufacturers in Vietnam have run various promotional campaigns for a third consecutive month in order to boost demand and sales amid the context that foreign-made cars have been imported heavily into Vietnamese market.
Vietnamese Prime Minister Nguyen Xuan Phuc and President of Myanmar Win Myint expressed their pleasure at active development and achievements in all cooperation fields, especially since relations between the two nations were raised to the comprehensive partnership in 2017.
At the Investment Conference held last week in Ho Chi Minh City, Nguyen Thanh Phong, Chairman, People’s Committee of Ho Chi Minh City, and Nguyen Thien Nhan, Secretary, Central Party Committee of Ho Chi Minh City, highlighted the various efforts made to attract both domestic and foreign investors to create a new vibrant economic driving force in Ho Chi Minh City within the next couple of years.
Whenever information on infrastructures of a town gets leaked, even as a mere proposal of the government, real estate prices of that area would immediately go up. The public as well as real estate investors must keep their heads straight against rumors of this type.
Recently, some people were caught using fake land rights certificates to fraudulently transfer and misappropriate assets of innocent and unsuspecting people, to the tune of hundreds of billion dong. This situation is becoming alarming and is caused by swindlers using loopholes in management of related government departments.
At a discussion with SGGP Investment & Finance, Mr. Dao Phuc Tuong (picture), Investment Director of APS Fund Management (Singapore), delivered a short analysis on some companies which will have direct impact on the GDP growth in 2019.
Most enterprises are not willing to increase their foreign ownership limit because when this ratio rises above 51% the companies will be treated as foreign investors. This will curtail several business areas and require companies to change investment criteria to that of foreign investor. Meanwhile, many foreign investors claim that it is very difficult to buy good stocks due to limit in foreign ownership in various companies.
(ĐTTCO) - The Investment Conference in Ho Chi Minh City is the time for investors to discuss various business potentials and opportunities, as well as meet with City authorities and resolve any constraints in enterprises. Through discussions, Ho Chi Minh City is also made aware of the City’s limitations in attracting investments, creating policies and finding solutions for a favorable business environment, and building new driving forces for future economic growth.
“Currently, petroleum price is decided via market mechanism determined by the government. Petroleum is an essential product for manufacturing, running various operations and for our daily lives. Changes in price of petroleum products will impact the macro stability and inflation management. As petroleum price impacts directly people’s lives, this can cause anticipated inflation”, said the Minister of Industry and Trade at a government meeting on 4th April 2019.
The purpose of establishing a Commission for the Management of State Capital (CMSC) for State Owned Enterprises (SOEs) is to be able to manage VND 820,000bn of government capital and VND 1,500,000bn of SOE assets. Many people are concerned about the organization and the responsibilities of CMSC, which is also known as ‘Super Ministry’, intended to oversee the current ineffective supervisory mechanism of CMSC.
In a discussion with SGGP Investment & Finance, Deputy Professor Dr. Dinh Trong Thinh (photo), Head of International Financial Management course at Academy of Finance, said, “There is need to clarify the roles of Commission for the Management of Stake Capital-CMSC and other ministries and sectors related to State Owned Enterprises-SOEs”.
Saigon Union of Trading Cooperatives (Saigon Co.op) has announced that more than 600 its supermarkets and convenience stores including Co.opmart, Co.opXtra, Co.op Food, Co.op Smiles, Cheers nationwide will stop selling all plastic straws from their shelves this month.