This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies Find out more here
If the Prime Minister approves a proposal to increase the minimum salary by 12.4 per cent, enterprises say, then the commensurate increase in social insurance should be delayed to give them some breathing space.
Vietnam is considered a bright spot among emerging markets together with Hungary, Romania, Poland and the Czech Republic with its high and stable growth rate, according a recent article posted in the UK’s Financial Times.
The Japan Business Association in Vietnam (JBA) has sent a document to the Ministry of Finance proposing more incentives to support the development of the domestic auto industry.
Viet Nam’s economy is benefiting from cheap oil price as disappearing inflation boosts domestic demand, Bloomberg said.
Vietnam received an estimated record US$9.65 billion in actual foreign direct investment (FDI) so far this year, with strong inflows going to the manufacturing sector, a key driver for the country’s economic growth.
Many foreign investors are now focusing on the property market in Viet Nam, driven by its long-term investment potential and the country’s drastic move in revamping its policies.
The Ministry of Finance spoke with Korean firms late last week to provide latest updates in tax and customs policies and heard complaints faced by businesses during the implementation.
Saigon Agriculture Incorporation, or Sagri, has proposed the city government a plan to invest nearly VND1 trillion in developing an industrial park (IP) for enterprises in supporting and food processing industries.
Foreign companies registered more capital for projects in the real estate sector in HCMC than other sectors in January-August.
The vice chairwoman of the Vietnam Textile and Apparel Association (VITAS) said that with heavy reliance on material imports, it would be a success for local apparel firms if they take advantage of just 30% of tax incentives offered in the Trans-Pacific Partnership (TPP).
Many enterprises still complain that customs clearance procedures remain complicated though the law on customs expected to ease export and import activities came into force early this year.
