News

• VN rises to 68th on competitiveness list

  September 5, 2014

  – Viet Nam has jumped up two ranks to 68th place among 144 economies worldwide, according to the Global Competitiveness Report 2014-15 which the World Economic Forum (WEF) released on Wednesday in Geneva.

  In the Southeast Asian region, Viet Nam stands behind Singapore at second place, followed by Malaysia at the 20th, Thailand at the 31st, Indonesia at the 34th and the Philippines at the 52nd spot.
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• SOEs slow to withdraw from non-core businesses

  September 3, 2014

  – HCM CITY — For the last three years, most State-owned enterprises (SOEs) have had stable operations with acceptable profits, but capital withdrawal from their non-core businesses contiues to be sluggish.

  The HCM City People’s Committee reported that the city has 108 enterprises which are fully owned by the State.
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• US business lobby concerned China antitrust probes unfair

  September 3, 2014

  – BEIJING – Foreign companies are increasingly concerned they are being targeted by Chinese regulators, a U.S. business lobby said on Tuesday, as a Chinese antitrust agency defended probes into firms such as U.S. chipmaker Qualcomm Inc.

  The American Chamber of Commerce in China is the latest business lobby to air its grievances over a series of investigations scrutinizing at least 30 foreign firms, as China seeks to enforce a 2008 anti-monopoly law.
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• Talks: The Longer, the Tougher

  August 30, 2014

  – Since the 19th negotiation round in Brunei last August, no other formal round for negotiations over the Trans-Pacific Partnership Agreement (TPP) has been held. Instead, a multitude of meetings at all levels have taken place

  The most recent are the chief negotiator-level meeting in Vietnam from May 12 to 15, which served as a prerequisite for the ministerial meeting in Singapore from May 19 to 20, and then an informal negotiating session in Ottawa, Canada, from July 3 to 12. Upcoming are plans for a chief negotiator-level meeting in September (in Hanoi), and a ministerial meeting in October.
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• Vietnam’s Position in ASEAN

  August 30, 2014

  – Vietnam has lost its position now as the most attractive investment destination in ASEAN, which it was named during 2007 – 2010. In addition to long-time rivals, Vietnam now has to compete with emerging economies.
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• MPI hints at axing more conditional business sectors

  August 30, 2014

  – Different government agencies have agreed on a proposal by the Ministry of Planning and Investment (MPI) to axe around 15% of conditional business sectors.
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• China graft watchdog probes another executive at Chinese car maker

  August 30, 2014

  – BEIJING – China’s anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company.

  State-owned FAW has a joint venture with Volkswagen AG. The joint venture is one of the two car-making ventures the German automaker has in China.
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• Online tax payments increase efficiency

  August 30, 2014

  – HA NOI – Online tax payments, first applied in August 2013, have vastly increased efficiency, vice director of HCM City’s State Treasury Nguyen Hoang Hai said on August 26, 2014.
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