The leadership of the capital of Viet Nam is considering to ban motorbikes by 2030 though such a type of vehicle is the means of transportation most commonly used by the metropolis’ citizens.
On July 18th, 2017, the Asian Development Bank (ADB) and the Da Nang City People’s Committee signed a transaction advisory services agreement to develop a new land fill and a waste treatment facility.
Tax Department of Ho Chi Minh City has decided to adopt practical measures to collect taxes from online retailers on Facebook.
Imposing targets for each ministry can pose some negative impacts on the economy, as it does not create any motivation for the development of economic sectors.
Squid and octopus saw the strongest growth of 54%, contributing to offsetting the export deficit of other staples.
The International Monetary Fund (IMF) has forecasted Viet Nam’s economic growth at 6.3 per cent in 2017 against the Government’s 6.7 per cent target, but noted that ambitious reforms could raise the country’s growth potential.
The Prime Minister Nguyen Xuan Phuc's visit to Germany, wrapped up on July 8, has knocked up favourable business opportunities worth billions of euros to profit Vietnam.
Besides HCM City, its next-door provinces Binh Duong and Dong Nai have also attracted large amounts of foreign direct investment in the first half of this year
“Creative startups” is certainly a shortcut to robust economic growth for any countries. The supportive attitude for start-up companies rapidly prevails across Vietnam, as numerous policies and campaigns aiding start-up companies have been framed and implemented. However, apart from that attitude, decisive actions should be promptly taken to actually turn Vietnam into the Promised Land for start-up enterprises.
With the fact that the state budget is facing many difficulties, Vietnam will be no longer receive preferential ODA funds from July 2017, foreign investors also reduce capital flows, encouraging investment from the private sector is promoted. The development of the private sector is a "survival" challenge for Vietnam in the near future.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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