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Vietnam’s VAT Law for Machinery and Equipment
In this article, we look further in-depth into the regulations related to the Machinery and Equipment category of Vietnam’s VAT.
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Japanese Investment in Vietnam: A Strategic Partnership
By Marcelo Giovannetti HANOI – Earlier this month, Japanese Prime Minister Shinzo Abe promised ¥100 billion (US$970 million) in official development assistance (ODA) to Vietnam during a conference with his counterpart Nguyen Tan Dung, making the country Vietnam’s largest ODA sponsor with around US$20 billion committed between 1993 and 2012. Japan is Vietnam’s largest foreign […]
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Vietnam’s Fishing Industry Attracts US$310 Million in FDI
Dec. 25 – With strong contributions from small and medium-sized enterprises, Vietnam’s fishing industry has so far attracted more than 70 foreign direct investment (FDI) projects amounting to US$310 million. With a coastline of over 3,260 kilometers, 2,860 rivers and more than 3,000 islands and islets offshore, Vietnam’s landscape provides great natural opportunities for the […]
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Vietnam’s GDP Rises in 2013
HANOI – Vietnam’s gross domestic product (GDP) rose 6.04 percent in the fourth quarter of 2013, up from 5.42 percent in Q3. Vietnam’s strong Q4 growth figures bring the country’s total economic growth in 2013 to 5.42 percent – up from 5.25 percent growth in 2012. According to the International Monetary Fund (IMF), Vietnam’s growing […]
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Kerry’s Visit Reinforces Bilateral Trade Relations
Dec. 20 – U.S. Secretary of State John Kerry visited Vietnam earlier this week as part of a trip intended to advance Washington’s “Asia Pivot” strategy of rebalancing its economic, diplomatic and military focus in the region. Part of America’s so-called Asia Pivot strategy involves strengthening U.S. ties beyond long-established allies such as Japan, South Korea, […]
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FDI in Dong Nai Soars
Dec. 19 – Vietnam’s southern province of Dong Nai attracted more than US$1.6 billion in foreign direct investment (FDI) in 2013, making it one of the country’s fastest growing localities. On Sunday, Dong Nai’s provincial Department of Planning and Investment (DPI) reported that US$843 million had been invested in 78 planned projects and US$773 million […]
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General Electric Signs Deal to Develop Wind Power in Vietnam
Dec. 13 – General Electric International (GE) and the Electricity Regulatory Authority of Vietnam (ERAV) recently signed a contract to develop a wind grid code to increase renewable power sources in Vietnam. Funded by a technical grant from the U.S. Trade and Development Agency (USTDA), a team from GE will conduct an assessment of the […]
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Vietnamese Visa Procedures Fall Short in ASEAN
For the most up to date information on Vietnam’s visa program see: Vietnam’s Visas and Work Permit Procedures 2022 By Marcelo Giovannetti Despite recently receiving aid package approval from the Asian Development Bank (ADB) for its tourism industry, Vietnam will have to improve its visa procedures if it wishes to compete against other ASEAN countries […]
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Investment Sentiment in Vietnam Strengthens
Dec. 11 – Investment sentiment in Vietnam remains high among international enterprises, according to a survey released this month by Grant Thornton. In its survey, the 10th bi-annual Investment Sentiment and Outlook for the 4th quarter of 2013, Grant Thornton reported a 16 percent increase among international fund managers, legal firms and corporate investors who […]
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Vietnam’s Retail Sector is a Clear Buy
By Edward Barbour-Lacey HCMC – One of the most exciting industry sectors in Vietnam continues to be retail. There are numerous reasons why this industry is particularly attractive to both domestic and foreign businesses. Among its positive attributes, the country has a well-developed economy that continues to improve, a high population (90+ million) and ever […]