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Vietnam Ripe for Green Investment
Vietnam is a pioneer among developing countries, taking a leadership role in green growth. From 2012, the Green Growth Strategy has aimed to develop Vietnam into a low carbon economy and to enrich natural capital.
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Vietnam-Hungary Business Forum Seeks to Grow Trade, Economic Cooperation
On March 12, 2015, the Vietnam-Hungary Business Forum met to explore business and investment opportunities between the two countries as well as strategies to strengthen bilateral relations. The Forum, which took place in Hanoi, was organized by Vietnam’s Ministry of Industry and Trade (MoIT) in partnership with Hungary’s Ministry of Foreign Affairs and Trade. Over 150 Vietnamese enterprises and 17 Hungarian enterprises participated in the meetings.
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Samsung Takes Advantage of Vietnam’s Developing Workforce – Expands Number of Local Employees
Samsung Electronics will soon employ more local employees than any other foreign company in Vietnam. By July, the South Korean firm will have expanded their current local workforce from 40,000 to 100,000. Currently, less than half of the workers on its payroll are Vietnamese.
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Using Vietnam’s Free Trade & Double Tax Agreements: New Issue of Vietnam Briefing Magazine
The newest issue of Vietnam Briefing Magazine, titled “Using Vietnam's Free Trade & Double Tax Agreements,” is out now and available as a complimentary download in the Asia Briefing Bookstore from now through the month of April.
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Vietnam Adds New Forms of Public-Private Partnership
Starting April 10, 2015, the forms of build, own, and operate (BOO); build, transfer, and lease (BTL); build, lease, and transfer (BLT); and, operate and manage (O&M) will be added to the list of acceptable types of Public-Private Partnership (PPP) allowable in Vietnam.
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Key Areas of Vietnam’s Real Estate Market Set for Growth
After five years of relative stagnation, 2015 looks to be a strong year for Vietnam’s real estate market. The country’s government has undertaken a number of important legal and regulatory changes to improve the market situation and encourage foreign investment. We consider some of the key areas for investment in the real estate market for 2015.
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Vietnam’s 2015 World Trade Organization Obligations
Vietnam became a member of the World Trade Organization (WTO) on January 11, 2007. As part of its membership, Vietnam committed to a number of economic reforms which it would undertake over a period of years. 2015 marks the last of the reforms that Vietnam must make.
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Vietnam’s Consumer Price Index Declines Despite Positive Economic Signs for the Country
Vietnam’s consumer price index (CPI) has turned negative after the finish of the Lunar New Year (Tết) holiday, falling 0.05 percent in February from the previous month. This is the first time Vietnam’s CPI has decreased during the Tết holiday, the country’s busiest shopping season of the year. However, there were positive economic signs in other areas, particularly with regards to inflation.
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Vietnam Leads Global Coffee Production Despite Lower 2015 Harvests
Vietnam now rivals Brazil in coffee production. The country is currently the world’s leading exporter of robusta coffee, earning US$3.62 billion from coffee exports in 2014. However, coffee crops in Vietnam are now at their lowest levels in many years.
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Survey Reveals Japanese Investor Confidence in Future of Vietnam
The Japan External Trade Organization (JETRO) has released its annual survey of Japanese-affiliated companies operating in Asia and Oceania. It has found uniformly positive attitudes from Japanese companies operating in Vietnam, particularly in the areas of human resources, customs, and exports.