Economy & Trade

Vietnam allows private enterprises to provide public services

by

Domestic and international organizations in Vietnam are now allowed to provide public services under government contract.

Twenty-three services, including vocational training, state-mandated publishing, as well as sports and culture festivals, were included under the new provision. All such services fall under the aegis of the state’s responsibility to its people, using state-budgeted funds.

Contractors for public service projects must meet three conditions. The monetary value of the public service must meet or exceed VND500 million (US$31,000), the contractor must have relevant business certificates and proof of legal status, and also must provide a monetary guarantee of healthy finances.

Vietnam passes China to become most attractive destination for FDI

by

Vietnam has exceeded China to become the most attractive destination for investment in production while the United Arab Emirates surpasses India to become an ideal place for investment in services, according new survey of emerging markets by Price Waterhouse Coopers.

 

According to The Sunday Times, the index assesses 20 prominent emerging-market locations on the basis of “reward” factors, including production costs, size of market, taxes, transport costs and tariffs, and “risk” factors, largely defined by bond-market risk premiums.

Showing 2 of 1492 articles
Events in Vietnam All Events

Our free webinars are packed full of useful information for doing business in Vietnam.

Related reading
  • Getting Your Goods to Market in Vietnam
  • Investing in Vietnam’s Startup Sector
  • Vietnam’s Logistics Sector: Opportunities in Air, Sea, and Land Connectivity
  • An Introduction to Doing Business in Vietnam 2023
  • Vietnam's HR Landscape, Compliance, and Recruitment
Back to top