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Official Gazette

Sunday, August 14, 2022
Tags: private enterprises
G2B conference looks to boost economic recovery G2B conference looks to boost economic recovery
A Government to Business conference was opened on August 11, providing a platform where the Government can explore the private sector’s opinions and proposals.
Nations largest firms the driving force for economic growth Nation's largest firms the driving force for economic growth
The National Center for Socio-Economic Information and Forecast on August 10 launched a workshop assessing the Top 500 Vietnamese largest private enterprises.
Personal data protection in Vietnam - Road ahead Personal data protection in Vietnam - Road ahead
It can be said that Vietnam’s legal provisions on protection of personal data are rooted in the right to privacy - a fundamental human right. There is a general principle enshrined in all provisions on personal data protection in Vietnam’s legal documents: personal data is protected and other subjects may use personal data only if data subjects so agree, unless otherwise provided by law; violators are subject to administrative and criminal penalties, and data subjects suffering from personal data intrusion are entitled to damages.
Govt. reveals draft action plan to develop the private sector Govt. reveals draft action plan to develop the private sector
By 2025, Vietnam would have about 1.5 million private enterprises, of which about 60,000-70,000 are medium- and large-sized ones. This is one of the targets set in the cabinet’s action plan for implementation of the 12th Party Central Committee’s Resolution on developing the private sector as an important driving force of the economy.
Businesses need to change for sustainable development Businesses need to change for sustainable development
More than 85,000 enterprises suspended operations in the first eight months of this year, an increase of 24.2 percent over the same period in 2020 due to the impact of the COVID-19 pandemic. Therefore, local enterprises need to have measures on maintaining operation and developing a sustainable business.
Private firms need more institutional support Private firms need more institutional support
Private enterprises do not need money but institutional support to enjoy a stable and safe business environment, bringing them equality and respect. Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), made the statement at a recent conference held in the northern province of Quang Ninh.
Special policies to develop large-sized SOEs Special policies to develop large-sized SOEs
Three giant state-owned enterprises (SOEs), MobiFone, Vietnam Electricity (EVN) and Viettel, would be selected to become spearheads in the telecommunications, energy and defense industries, according to a draft scheme on development of large-sized SOEs.
Developing processing and manufacturing industry in Vietnam: perception and policy orientation Developing processing and manufacturing industry in Vietnam: perception and policy orientation
Dr. Tran Tuan Anh Member of the Party Central Committee Minister of Industry and Trade Contributions of the processing and manufacturing industry to GDP and job creation The gross domestic product (GDP) of a country is structured from different economic activities, which are normally grouped into three main economic sectors: agriculture, industry-construction and service. Agriculture and industry-construction create tangible products while services generate intangible ones. Tangible and intangible products are closely inter-related according to value chains and both bring about value for the economy. A value chain is a chain of operations that converts an idea into a specific product. After a product goes through a certain operation process, its value further increases.
Six important changes in the new Enterprise Law Six important changes in the new Enterprise Law
Compared with its previous versions, the 2020 Enterprise Law contains breakthrough changes, aiming to build a legal framework on corporate governance up to good and common practices in the region and the world; boost the development of businesses, attract capital for production and business activities; and contribute to improving Vietnam’s business environment to the level of ASEAN-4 countries.
New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019 New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019
Adopted in late 2019 with many new changes, the amended Law on Securities, available on Official Gazette issues Nos. 136-144 of 2019, is expected to make a positive impact on the Vietnam’s stock market.

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