Vietnam – EAEU Full Free Trade Agreement 

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Vietnam’s New Solar Power Policy

By: Dezan Shira & Associates

The Free Trade Agreement between Vietnam and the Eurasian Economic Union has been retrieved by Dezan Shira & Associates, translated into English, archived and is available for complimentary PDF download here. 

The Eurasian Economic Union is a trade bloc that includes Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, and is a significant player in terms of China’s OBOR ambitions. The agreement, which runs to 1,300 pages, is the first FTA agreed between the Eurasian Economic Union and an Asian country, and since its ratification in May 2015. Bilateral trade between Russia and Vietnam has risen from a base of close to zero to over US$10 billion  since the treaty came into effect.  Of particular interest within the document are provisions for lower taxes among agricultural and automotive trade. 

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TPP Revived as CPTPP: What it means for Vietnam

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By: Dezan Shira & Associates
Editor: Koushan Das

The original Trans-Pacific Partnership (TPP) signed in February 2016, included the US along with Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. By January 2017, the new US administration pulled out of the pact, forcing the remaining members to continue with the agreement, known then as TPP-11. In November 2017, all the existing parties to the agreement met at the APEC summit in Da Nang and reaffirmed their commitment to the agreement, now called as the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).

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Vietnam’s Key Regions and Economic Zones – New Issue of Vietnam Briefing Magazine

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Vietnams_Key_Regions_and_Economic_ZonesThe latest issue of Vietnam Briefing Magazine, titled “Vietnam’s Key Regions and Economic  Zones”, is out now and currently available to subscribers as a complimentary download in the Asia Briefing Publication Store.

In this issue:

  • Why Location Matters for your Vietnam Operation
  • Assessing Vietnam’s Key Economic Regions (KER) in 2017
  • Adding Value with Industrial Zones 

Business leaders that are internationalizing their company must first examine where they can locate their operations. China, the traditional hub for Asia bound investment, is quickly shifting from a low-cost hub for manufacturing towards high-end production destination with a thriving middle class. Countries within Southeast Asia, on the other hand, are emerging as the replacement for basic manufacturing and assembly. Amid this shift, Vietnam has become the standout for investors.

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Binh Duong: Ideal Destination for Investors

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VB- Investment Environment in Binh Duong

By: Dezan Shira & Associates
Editor: Koushan Das

Binh Duong province, at the center of the Southern Key Economic zone and just north of Ho Chi Minh City is fast emerging as a favorite for foreign investors. The province, with its 28 industrial parks spread over 10,000 ha, is second only to Ho Chi Ming City, in terms of FDI attraction. With its renewed focus on high-tech industries, development of new industrial zones, and a gross regional domestic product (GRDP) of 8.5 percent, the region will continue to be a priority for foreign investors.

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Vietnam rises 14 places in the World Bank’s Ease of Doing Business Rankings

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By: Dezan Shira & Associates
Editor: Koushan Das

Vietnam climbed 14 places to 68th amongst 190 economies in the latest World Bank’s Ease of Doing Business 2018 rankings. It ranked fifth amongst ASEAN countries, with Singapore, Malaysia, Thailand, and Brunei leading the group. As per the report, significant improvements were made in the area of paying taxes, trading, enforcing contracts, access to credit, and electricity reliability.

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State Divestment: Exciting Opportunities for Investors

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VB- State Divestment- Exciting Opportunities For Investors

By: Dezan Shira & Associates
Editor: Koushan Das

For the last few years, equitisation continues to be a focus for the Vietnamese government. The government hopes that equitisation will increase the efficiency and improve the management of the State-owned enterprises (SOE) which have been suffering from inefficiency for years. In addition, the much required capital raised from divestments will also assist the government to reduce its growing debt and fund infrastructure projects. In August 2017, the government released Decision No.1232/2017/QD-TTg approving a list of 406 state-owned enterprises to be divested during 2017-2020.

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Vietnam’s Growth Accelerates to 7.46 percent in Q3 2017

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Vietnam’s Q3 2017 GDP

By: Dezan Shira & Associates
Editor: Koushan Das

Vietnam grew by 7.46 percent in Q3/2017, the highest in the last seven years. From January to September, the country grew by 6.41 percent, the strongest since 2015. This growth surge was largely driven by the industry, construction, and service sectors. According to the Vietnam Institute for Economic and Policy Research, Vietnam will continue to grow at 7.12 percent in this quarter, bringing the annual growth rate to 6.64 percent.

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Facilitating SME Growth in Vietnam

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By: Dezan Shira & Associates
Editor: Koushan Das

Small and medium-sized enterprises continue to play a major role in Vietnam, accounting for 98 per cent of all enterprises, 40 percent of GDP, and 50 percent of employment. The number of SMEs has grown by around 100,000 in 2016, driven mostly by government reforms. However, SMEs continue to face problems such as access to finance, market access, and competition with foreign firms. The government has introduced the Law 04/2017/QH14 – Law on Support for Small- and Medium-sized Enterprises (SME Law) establishing support measures for SMEs in terms of incentives, credit access, land rental preferences, and human resource development.

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Payroll Obligations in Vietnam

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By: Dezan Shira & Associates
Editor: Koushan Das

After setting up a business in Vietnam, the next big hurdle is hiring the staff that you will need to help grow your operation. The initial hiring process and, ultimately, payroll administration can quickly become a complex and confusing process. Labor intensive sectors, such as manufacturing, are almost certain to face a significant degree of exposure to these challenges, while all companies setting up within Vietnam – from representative offices to fully foreign-owned enterprises – will face some liability.

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Growing Food & Beverage Sector in Vietnam

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By: Dezan Shira & Associates
Editor: Koushan Das

The food and beverage sector in Vietnam has shown strong growth in the last decade, driven by not only foreign brands, but also local brands. In the last few years, numerous foreign brands have invested heavily in the market and are predicted to continue to do so, largely driven by rapid urbanization, increased spending, and growth of the middle-class population. Local brands offering Vietnamese cuisine and street food are also emerging as a tough competitor to the global food chains. In fact, foreign fast food chains in the last 2-3 years have underperformed and slowed down their expansion plans due to consumer preferring the local taste and lower prices. However, few foreign brands such as Jollibee, Lotteria, and KFC who were early market entrants are performing much better in comparison to new players such as McDonald’s, Burger King or Subway.

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Dezan Shira & Associates

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