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Investing in Vietnam: Corporate Entities, Governance and VAT – New Issue of Vietnam Briefing Magazine
The new issue of Vietnam Briefing magazine, titled "Investing in Vietnam: Corporate Entities, Governance and VAT", is out now and available as a complimentary download in the Asia Briefing Bookstore.
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State by State: Vietnam and New York State Trade
New York State's US$1.57 billion trade deficit with Vietnam should encourage its residents to pay closer attention to the Southeast Asian ASEAN member.
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Vietnam Human Resources to Improve With Increasing Education Investment
The Ministry of Planning and Investment's Foreign Investment Agency (FIA), has revealed that 213 education projects have received foreign direct investment, reaching a total of US$822 million registered capital up to May 20, 2015.
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Vietnam Becomes World’s Fourth Largest Textile Exporter
According to the Vietnam National Textile and Garment Group (Vinatex), Vietnam has become the world’s fourth largest textile exporter. In the first half of this year, the country earned an estimated US$12.18 billion from these products – a year on year (YOY) increase of 10.26 percent. The industry is well on its way to meeting its 2015 export target of US$27-27.5 billion.
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Vietnam’s Internet Infrastructure Improving
In 2014, Internet users in Vietnam account for a population penetration of 39 percent, out of 90.73 million people in the country. The AAG cable alone may not meet the demand of over 35 million Internet users in Vietnam.
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Low Latex Prices Boost Vietnam’s Rubber Exports
By the end of May 2015, the average selling price of rubber in Vietnam was US$1,442 per ton, down from over US$2,000 per ton in early 2014. Prices have been averaging under US$1,500 per ton since October 2014.
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Vietnam Encourages German Foreign Investment
Germany and Vietnam’s recent push to establish a Joint Chamber of Commerce (JCC) has affirmed both nations’ desire to further trade relations and foreign investment opportunities.
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Overtime Restrictions for Vietnamese Workers
In recent years, foreign enterprises has proposed to extend the maximum overtime working hours for Vietnamese workers, but such proposals have been repeatedly declined by the Ministry of Labor, Invalids and Social Affairs, citing health of local workers.
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State by State: Vietnam and California Trade
In 2014, California exported US$1.21 billion in merchandise to Vietnam, up 9 percent from 2013. This figure has more than doubled from US$538 million in 2005, reflecting the fast growth of the Vietnamese market.
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With TPA in Hand the U.S. Seeks to Push Vietnam to Reduce Reliance on Chinese Fabric
The U.S. Senate has recently passed a Trade Promotion Authority (TPA) bill that will greatly expand President Obama’s trade negotiating authority on trade agreements such as the Trans-Pacific Partnership (TPP). Despite this progress, potential stumbling blocks remain, chief among these is the debate over rules of origin, particularly as relates to China. American trade negotiators are currently pushing Vietnam to drastically reduce its imports of textiles from China (which is not a part of the TPP).