The business environment in Vietnam has seen marked improvements in recent years but bolder reform efforts are required in order to help enterprises grow in a sustainable manner.
(HBO) – The fourth industrial revolution (Industry 4.0) is an innovation based on the highly integrated platform of digital-physical-biological connection with the breakthrough of the Internet and artificial intelligence. Industry 4.0 has exerted strong impacts on all socio-economic aspects, fundamentally changing the world’s production. The revolution is expected to open up numerous opportunities but also pose a number of challenges, especially when the country is in the process of industrialisation, modernisation and international integration.
(HBO) – In 2017, Inca Vietnam joint Stock Company tested a model planting Sachi at Bua Lay of Khang hamlet, Dich Giao commune (Tan Lac district). Now, Sachi has already and is developing very well and meets the demand stably. This plant is giving the high performance of efficiency and opens direction of the potential development.
The Pharung Shipyard Company under the Vinashin Group on May 31 handed over to a Republic of Korea (RoK) partner a 6,500DWT oil tanker following a contract signed in 2016.
(HBO) – The Hoa Binh branch of the Bank for Investment and Development of Vietnam (BIDV) is one of the key banks in the province. With a widespread network of transaction points covering important localities like Hoa Binh city, and Luong Son and Cao Phong districts, BIDV Hoa Binh has contributed greatly to local socio-economic development.
Since 2004, the Vietnam Farmer's Union has coordinated with the Danish NGO Agricultural Development Denmark Asia to support several farmers’ groups in Lao Cai, Tuyen Quang, and Hoa Binh provinces to approach and practice organic agriculture. From this initial step, up to now, 33 of the 63 provinces and cities nationwide have developed organic farming and aquaculture models.
Deputy Prime Minister Vuong Dinh Hue has urged the Government’s Steering Committee for Price Management to seek measures in order to minimize external impacts on domestic prices, thus keeping CPI growth below 4 percent in 2018.
(HBO) – Production planning for orange production of northern Hoa Binh province is large but the province is yet to have effective solutions on consumption. As the orange’s consumption market depends on traders, the price the province’s specialty is low and unstable.
Auto businesses are concerned about Vietnam’s future policy orientation with regard to the auto industry, which they think will affect their business strategy.
(HBO) – Ms. Nguyen Thi Tam, Tan Thinh ward (Hoa Binh city) already established Phuong Huyen Seedling Production and Trading Limited Company, which brings high economic efficiency and creates more jobs for many local laborers.
(HBO) - With skilful hands, creativity, and especially a passion for carving, Bui Van Tu, a young man in Chieng 3 village, Vinh Dong commune, Kim Boi district of Hoa Binh has created unique wood products with high artistic values.
(HBO) – Since the beginning of the year, real estate market in Hoa Binh city has continued to appear many projects which made transactions become exciting. Some projects of ground floor, apartments and adjoining houses have partly meet the demands of investment as well as owning property of most local people.
(HBO) – The cultivation of Tan Lac red-flesh grapefruit, a collective trademark successfully registered in November 2017, in accordance with VietGAP standards is now a plus in the quality of the specialty of Hoa Binh province.
(HBO) – Most of enterprises in industrial zones, especially enterprises which were invested by FDI (Foreign direct investment) and has implemented the projects on scheduled time, achieved effective activities in production and business. That leads to stable growth in revenues and exports, create more jobs and actively contribute to provincial economic restructuring.
(HBO) - Recently, the models of growing passion fruit in Tan Son commune (Mai Chau) has brought high economic efficiency.
(HBO) – There is no doubt that the old barren hills are now being covered with the green of grapefruit trees. If Mr. Pham Khac Thuong had not pioneered with the "strange work" of taking red grapefruit up to the hill, perhaps, those slopes would be still now acacia planted. With the desire to bring red grapefruit further, He led the investment in machinery for preliminary processing, packaging products, etc.
Trading through commodity exchanges will be more convenient in Vietnam with the Government’s new regulations on the establishment and trading on the commodity exchange.
According to the Ministry of Agriculture and Rural Development, Vietnamese rice export prices are increasing rapidly. 5% broken rice is now selling at from US$455 to US$460 per tonne, the highest price since August, 2014. In the first three months of 2018, the average price of Vietnamese rice reached US$ 501 per tonne, an annual increase of 15%.
(HBO) – The People’s Committee of Yen Lac district has held a conference to review the efficiency of a chili-growing model for export in the locality in 2018.
(HBO)- This is a young man named Tien Dat Bui, who was born in 1993 at Lau hamlet, Tan Lap commune (Lac Son district).
(HBO) – Many officials and Party members have taken the lead in agricultural activities, encouraging a strong and fruitful crop restructuring movement in mountainous Doc Lap commune, Ky Son district of Hoa Binh province.
The State Treasury raised VND3.474 trillion (approximately US$153 million) from an auction of government bonds on May 9, the Hanoi Stock Exchange has announced.
(HBO) – From the new style rural area programme’s production development fund, Kim Boi district has carried out three projects to branch out production in value chain since 2017.
The Dung Quat Oil Refinery (BSR) in the central province of Quang Ngai, the first oil refinery in the country, has been recognised among the top ten eco-friendly factories in Vietnam this year.
The annual statistical report conducted by the General Statistics Office (GSO) showed that there have emerged three dominant trends in the operations of domestic enterprises, including the improvement of the number and proportion of the total number of enterprises registered to establish and resume operations compared to the number of enterprises that have been dissolved or suspended operations; the increasing average capital of newly registered enterprises; and a decline in the average number of new jobs created by newly established firms.
