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Economic experts said enterprises in Viet Nam will face fierce competition under the ASEAN Economic Community, so they should establish relationships with large firms in the region and globally in order to better develop their businesses.
A lot of Vietnamese garment companies which do not want to outsource for foreign partners have decided to find new ways to develop.
Hanoi attracted the most foreign direct investment in the first two months of 2016: US$250 million, 13% of Vietnam’s total. The figure is the result of the city’s efforts to simplify administrative procedures and improve its investment environment.
Pham Chi Lan, a renowned economist, talked before the business community on February 24 about how the Vietnam 2035 report was prepared.
HCM City plans to provide further incentives for small- and medium-sized enterprises that invest in support industries, according to Nguyen Phuong Dong, deputy director of Department of Industry and Trade.
The central province of Binh Dinh will prioritise advancing the local shrimp business in a sustainable manner as part of its plans to overhaul the local fishery sector by 2020.
The central coastal city of Da Nang is giving a push to the construction of Da Nang International Airport’s new terminal to meet the set progress timeline.
The People’s Committee of the southern province of Ba Ria – Vung Tau granted investment licences to five new projects worth 160 million USD in total.
Foreign employees in Vietnam with work permits or practice certificates or practice licences granted by competent Vietnamese agencies will be covered by compulsory social insurance as from January 1, 2018, according to the 2014 Law on Social Insurance.
Several foreign businesses are attentive to recent developments and want to shift their investments into Viet Nam as they see big opportunities of big Trans-Pacific Partnership (TPP) and Free Trade Agreements (FTAs) in the country.
Foreign traders may establish representative offices and branches in Vietnam according to the country’s international commitments.
Vietnam’s consumer confidence climbed to the sixth highest ranking globally in the last quarter of 2015.
