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Tag Archives: Vietnam FDI
Vietnam To Revamp Its Economy
Feb. 27 – Vietnam has approved a plan to boost its economy by focusing on restructuring public investments, banks and state-owned enterprises (SOEs). Furthermore, in an attempt to generate sustainable growth by 2020, attention will also be placed on strictly controlling inflation. As he signed a 29-page directive that took effect on February 19, Prime Minister Nguyen Tan Dung announced that the goal was to create and maintain prudent monetary policies that would tame inflation and ensure “reasonable growth”. Vietnam also plans to restructure its financial markets and consolidate SOEs and investments. The directive further elaborates that Vietnam will tighten
Posted in Economy and Politics, Legal and Regulatory
Tagged Vietnam Economy, Vietnam FDI, Vietnam Regulatory
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High-Technology Law in Vietnam Sets High Investment Requirements
Feb. 13 – “Science and technology, along with education, have always been priorities in our national policy, but the [law on high technology] is the first legal document that institutionalizes that policy,” remarked Nghiem Vu Khai, Vice Chairman of the National Assembly’s Committee for Science, Technology and the Environment, in July 2009. It was at this time that Vietnam took a further step in developing its legal framework for its high-technology sector through the implementation of a new law on high-technology. The passage of the law demonstrated Vietnam’s determination to develop its high-technology industry by developing a legal foundation for
Posted in FDI and Foreign Trade, Legal and Regulatory
Tagged High-Technology, Vietnam FDI, Vietnam Legal
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Trans-Pacific Partnership Agreement to Boost Vietnam–U.S. Textile Trade
Feb. 6 – The proposed Trans-Pacific Partnership (TPP) is likely to have a positive impact on Vietnamese exports to the United States, and will boost the performance of Vietnam’s export processing zones. The TPP is an agreement that will seek to create a large free trade zone, linking together key players among the Pacific economies.
Posted in FDI and Foreign Trade
Tagged Textiles, Vietnam FDI, Vietnam Trade, Vietnam-United States
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New Regulations Open Up Vietnam to Foreign Investors
Jan. 28 – The Vietnamese Ministry of Finance issued Circular No. 213/2012/TT-BTC last week in a move to increase the participation of foreign investors in Vietnam’s securities market. The Circular also includes provisions on disclosure requirements for foreign investors. It will take effect on February 15 and will replace Decision No. 121/2008/QD-BTC. Under the Circular, it will be easier for foreign investors to open securities trading accounts. Furthermore individual foreign investors will no longer need to submit judicial background records; only a notarized copy of a valid passport or other official identification documents will be necessary. Documents obtained in the
Vietnam-EU Free Trade Agreement Negotiations Continue
Jan. 23 – On January 16, the Multilateral Trade Assistance Project (MUTRAP) and the Danang Branch of the Vietnam Chamber of Commerce and Industry (VCCI) held a seminar to discuss the contents of the Vietnam-European Union (EU) Free Trade Agreement (FTA). The seminar’s purpose was to assist Vietnamese enterprises in gaining a clearer understanding of the impact of the FTA, and to clarify the key opportunities and challenges that the FTA will create. In attendance at the seminar were representatives from the Vietnamese Ministry of Industry and Trade, craft associations, and major businesses that have trade ties with EU member countries.
Posted in FDI and Foreign Trade, Markets
Tagged Vietnam FDI, Vietnam Free Trade Agreements, Vietnam Trade
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Ho Chi Minh City’s Export Turnover Reaches US$30 Billion in 2012
Dec. 18 – According to the Municipal Department of Industry and Trade, Ho Chi Minh City’s total export turnover during 2012 reached US$30.35 billion, representing a year-on-year increase of 7.36 percent. The Department’s Deputy Director, Huynh Khanh Hiep, further highlighted that the foreign invested sector registered an export value of US$8.8 billion, an increase of 14.87 percent. Ho Chi Minh City’s state-owned sector reported an export turnover of US$21.45 billion, an increase of 4.56 percent compared to the previous year.
Posted in FDI and Foreign Trade
Tagged Ho Chi Minh City, Vietnam Exports, Vietnam FDI, Vietnam Trade
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A New Wave of FDI into Vietnam
By Rosario Di Maggio Jul. 18 – Although it is still too early to tell, many observers agree that the worst of Vietnam’s economic dip is over, its economy will bounce back in the coming years, and a new wave of foreign direct investment is likely to flow into the country. We can definitely confirm a strong interest among foreign investors with regards to investment into Vietnam today, especially from those looking at integrating Vietnam into their Asian supply chain. Business delegations are frequently seen in the many five-star hotels in Hanoi and Ho Chi Minh City, visiting the cities
Posted in Business, Economy and Politics, FDI and Foreign Trade
Tagged Vietnam FDI, Vietnam FDI Attraction
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Clinton’s Asia Tour Provides Boost to Vietnam-U.S. Trade, Relations
Jul. 13 – U.S. Secretary of State Hillary Clinton announced in Cambodia on Friday that the United States will provide five Southeast Asian countries with US$50 million over three years to help out in areas such as healthcare, education, and the environment. Recipients of the aid will be: Cambodia Laos Myanmar Thailand Vietnam
Posted in Business, FDI and Foreign Trade
Tagged General Electric, Hillary Clinton, Vietnam FDI, Vietnam Trade
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Vietnam’s Key Investment Laws
Jun. 28 – Vietnam has been carrying out economic reforms since 1986, with the encouragement of domestic and foreign private investment as one of its main points of focus. In order to provide an open and stable investment environment, Vietnam has enacted many laws and regulations to establish a framework for investment. Some of the most important laws include: The Law on Enterprises The Law on Investment The Commercial Law
Vietnam Ranks Coastal Economic Zones
By Tran Que Chi Jun. 14 – Under a classification scheme conducted by Vietnam’s Ministry of Planning and Investment (MPI) in order to prioritize investment, Chu Lai in Quang Nam and Dung Quat in Quang Ngai have been listed as the country’s first-rate coastal economic zones. Mr. Vu Dai Thang, head of the Economic and Industrial Zones Management Department under the ministry, said that MPI has set five criteria to evaluate coastal economic zones as follows: Having a seaport to transport goods Being in close proximity to the airport Having a driving-force project Attracting strong investment flow Occupying strategic locations