Legal and administrative procedures were the biggest challenges facing start-up businesses, according to a forum attended by Deputy Prime Minister Vu Duc Dam on August 12.
Legal and administrative procedures were the biggest challenges facing start-up businesses, according to a forum attended by Deputy Prime Minister Vu Duc Dam on August 12.
Dam met with the start-up business circle to assess policies and mechanisms, and to seek solutions to foster their development.
They told the Deputy PM the difficulties encountered, including the application of science and technology, access to capital resources, renovation and creation-related projects.
They expressed hope that the State would introduce mechanisms to enable businesses, enterprises and investors to contact Government bodies to solve existing weaknesses.
The Deputy PM highly appreciated the efforts, activeness, creativeness and achievements of start-up businesses.
"Start-up enterprises should unite and stand firm in order to prosper and contribute to the competitiveness of Vietnamese enterprises in the region and the world," Dam noted.
"The Government has acknowledged shortcomings and limitations related to policies and mechanisms which were made to support young businesses, and is looking for solutions," he said.
He called for ministries, departments and sectors to put forward solutions to create a favourable environment for the establishment and development of new businesses.
The Government was considering setting up a mail box on its electronic information portal to deal with any queries from the business circle associated to mechanisms, policies and laws on doing business and making investments, Dam said.
On August 9, 100 outstanding young entrepreneurs were honoured for their successful start-up businesses at a ceremony held in HCM City.
The awards were organised for the first time by the Vietnam Young Entrepreneurs Association, the Vietnam Youth Federation and Red Star Club, and aimed to inspire young businesspeople.
The 100 young entrepreneurs generated revenue of nearly 9 trillion VND (412 million USD) in 2014, paid 225 billion VND (10.3 million USD) in taxes and created jobs for 16,000 people.-VNA
Young entrepreneurs and businesses have made a significant contribution to the country's industrialisation and modernisation process, according to a seminar held on May 15 in HCM City.
Businesses play a vital role in creating a breakthrough in institutional reform, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said at a workshop in Hanoi on March 19.
The business community plays an important role in driving regulatory reforms in Vietnam which are critical to fostering stronger and more inclusive growth in the country, heard a conference in Hanoi on March 19.
Though the Laws on Competition and Consumer Rights Protection took effect many years ago, a majority of Vietnamese businesses and consumers do not understand their legal rights, a seminar heard on April 10 in Ho Chi Minh City.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
An overview of the forum (Photo: VNS/VNA)
