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Vietnam to Provide Economic Assistance to Foreign Firms Affected by Recent Riots
In response to the recent violence against foreign factories in Vietnam, the government has released a number of pieces of legislation aimed at restoring order and helping companies rebuild. The two main legal documents are Circular 01/CD-BTC and Circular No. 207/TB-VP.
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Investor Confidence in Vietnam High as the Country Moves Beyond Gold
When investors look at Asia, the countries that tend to draw their attention are China, Japan, India and Indonesia. However, there is more than meets the eye: Southeast Asia provides significant investment opportunities. Vietnam, along with Thailand, are the best representatives of this region – with a robust and growing middle class, along with a young population, these two countries are leaders in a wave of development sweeping the region.
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Vietnam Plastics Industry to See Strong Growth
Over the past two years, plastics companies have been disappointed by the slowing Vietnamese economy. But now, due to global companies looking for cheaper alternatives to China, the economy is showing strong signs of recovery for plastics producers.
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Vietnam Considers Strengthening Local Auto Industry
Vietnam has pledged to soldier on with its developing auto industry despite an increasingly competitive market. This increase in competitiveness is due to free trade agreements such as the ASEAN Trade in Goods Agreement, which will be implemented in 2018 and which will allow cars to be imported duty-free from ASEAN countries.
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Developing Your Sourcing Strategy for Vietnam: New Issue of Vietnam Briefing Magazine
In this issue of Vietnam Briefing Magazine, we outline the various sourcing models available for foreign investors and discuss how to decide which structure best suits the sourcing needs of your business.
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Vietnam Textile Industry Issues Plan for 2020 and Beyond
Vietnam’s Ministry of Industry and Trade has recently ratified a textile and garment industry development plan for 2020, with a vision for 2030. According to Deputy Minister Do Thang Hai, the plan will do much to boost the growth of the textile industry in Vietnam.
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Vietnam’s Cocoa Growers Look for Sweet Deal in the Chocolate Industry
Cocoa growers and chocolate manufacturers are increasingly viewing Vietnam, with its warm and humid climate, as an ideal growing location for cocoa beans - the key ingredient in chocolate.
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Vietnam Government Cracks Down on Protesters, Pledges to Protect Foreign Investors
After a week of violent anti-Chinese protests throughout the country, Vietnam’s government appears to finally be getting serious about cracking down on the protesters and restoring order to the country.
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Strong Future Growth Predicted for Vietnam
Despite its slowing growth over the previous years, Vietnam is still expected to be among the world’s 20 largest economies by 2050, according to professional services firm PricewaterhouseCoopers (PwC).
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Draft Amendment to Vietnam’s Investment Law Seeks to Improve Business Environment
During a recent meeting organized by Vietnam’s Ministry of Planning and Investment, discussions focused on draft amendments to the country’s Investment Law in order to “improve the investment environment and increase benefits for investors and businesses.”