Vietnam needs privatization breakthrough in 2019: deputy PM

Administrative reform has made much headway in Vietnam, but it is still to catch up with advanced countries, experts say.

Delays are estimated to cost the country $15 billion.

The city hopes incentives such as funding, training and simply a place to work will attract more start-ups.

The monthly minimum wages for 2017 will increase by 7.3 percent, the lowest level since 2007.

In a rare move of brutal honesty, he lays bare the truth behind Vietnam's lagging tourism sector.

With money sitting there waiting to be spent, the PM is saying spend it.

Vietnam’s economic growth must hit 7.6 percent in the second half to achieve the annual target.

The Vietnamese government has confirmed that the national legislature intends to ratify the Trans-Pacific Partnership trade deal at its first plenary session from July 20 to August 9.

Vietnamese government's recent business policy starts to pivot around small and medium enterprises instead of large conglomerates as the country targets to have one million start-ups by 2020. 

Vietnam divested VND2.1 trillion from state-owned enterprises during the first five months of the year, the Finance Ministry said on Monday, adding approximately VND4.2 trillion ($187 million) to government coffers.

The Vietnamese government is committed to keeping annual inflation rate below 5 percent this year, the government's online news portal cited Deputy Prime Minister Vuong Dinh Hue as saying.

In a move to fuel the economy, Vietnam will turn to venture capital funds to boost the growth of domestic start-ups, develop the market for corporate bonds, and introduce a state-controlled derivatives market, said Deputy Prime Minister Vuong Dinh Hue in a meeting with the State Security Commission (SSC) on Wednesday.

Deputy Prime Minister Vuong Dinh Hue has asked the State Capital Investment Corp. (SCIC) to consider investing in areas that are strategically vital to the country’s development, the Vietnam government portal said in a statement on Tuesday.