The private economy was crucial driver for HCM City’s growth over the past four months and the city will introduce a series of measures to further support this sector, affirmed HCM City’s Department of Finance.
Private enterprises can become pioneers and reshape the economy if Việt Nam builds the right ecosystem and supports tech-driven growth, says expert Phí Vĩnh Tường.
The Politburo has issued strong guidance to ensure investors will be able to invest safely in land, capital and into a skilled workforce, in order to cement the development of the private economy.
The proposal suggests extending the 2 per cent VAT reduction from July 1, 2025, until the end of 2026, for certain goods and services currently taxed at 10 per cent, lowering them to 8 per cent.
The industrial sector''s share of GDP could be over 40 per cent, with the manufacturing and processing industry alone accounting for around 30 per cent of GDP.
Nearly three years have passed since the National Assembly''s Resolution 35 was carried out, the northern port city of Hải Phòng has emerged as a shining example of progress, with notable achievements transforming the cityscape and bolstering its economy.
The Government has set the GDP growth target at 6-6.5 per cent this year, after 2023 slowed to 5.05 per cent on weak global demand. New drivers from promoting innovation, high technology, green growth and digital transformation will room for...
The resolution introduces a range of mechanisms and policies aimed at stimulating the HCM City''s growth, addressing challenges, and fostering innovation and sustainability.
The number of disputes related to energy projects in Viet Nam has been on the rise in recent years, with many attributed to the Vietnamese government''s environmental commitments and agreements at the 26th United Nations Climate Change Conference (COP26).
In order to achieve these goals, the resolution seeks to remove obstacles in the development of the real estate market, particularly in terms of institutions and capital sources.
The resolution highlights the need to attract high-quality foreign direct investment (FDI) flows, especially those into the semiconductor industry, and encourage projects implemented under Public-Private Partnerships.
Earlier this month, the Government issued key tasks and solutions to implement the Socio-Economic Development Plan and State budget estimate and improve the business environment and national competitiveness in 2023 under Resolution 01/2023/NQ-CP.