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Japan Bolsters Vietnam’s Investment Environment
Sept. 16 – Japan will extend an Official Development Assistance (ODA) loan to Vietnam this year worth US$500 million, according to Japan’s Foreign Minister Fumio Kishida. The announcement was made this week during the fifth meeting of the Vietnam-Japan Cooperation Committee, a forum for bilateral cooperation chaired by the foreign ministers of both countries. The US$500 […]
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New Issue of Asia Briefing: Work Visa and Permit Procedures Across Asia
In this edition of Asia Briefing Magazine, we outline the specific documents required for foreign nationals working in China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, as well as highlight the relevant application processes in each of these countries. Attention is also given to the role of the sponsoring company and the regulations they must adhere to.
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Vietnam & Singapore Establish Strategic Partnership
Sept. 12 – Yesterday, Vietnamese Prime Minister Nguyen Tan Dung and his Singaporean counterpart Prime Minister Lee Hsien Loong agreed to elevate the two countries’ friendship and comprehensive relations into a strategic partnership during talks held in Hanoi. Specifically, the newly established strategic partnership will cover five major items, including:
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Vehicles for Foreign Investment in Vietnam: 100% FOEs & JVs
Sept. 11 – There are two main types of vehicles for foreign investment in Vietnam: 100 percent foreign-owned enterprises (100% FOEs) and joint ventures (JVs). In this article we will provide an introduction to these two types of vehicles for investment within Vietnam. 100 percent Foreign-owned Enterprises A 100 percent foreign-owned enterprise is an independent […]
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Vietnam Looks to Secure Free Trade Agreement with South Korea
Sept. 10 – Vietnamese President Truong Tan Sang met with South Korean President Park Geun-hye on Monday to further discuss a proposed free trade agreement and the strengthening of cooperation in nuclear power and industrial technology. Park’s trip marked her first to a Southeast Asian country, and only her third international trip, signifying the importance […]
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Vietnam Gov’t Issues New Transfer Pricing Circular
Vietnam’s Ministry of Finance and General Department of Taxation (GDT) released a new draft circular this week aimed at simplifying its transfer pricing policy.
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Vietnam Attracts Greater Foreign Investment into Retail Sector
Sept. 4 – A number of Asian firms have begun to eye Vietnam as a potential “Blue Ocean” market thanks to the country’s emerging retail sector and the annual growth rate of its consumer goods trade (which hovers around 23 percent). Vietnam’s growth is much higher in comparison to the growth rates throughout the rest […]
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Vietnamese Infrastructure: Ho Chi Minh City
Sep. 2 – Due to Ho Chi Minh City’s (HCMC) rapid rate of growth it has been a challenge to sustain an efficient infrastructure system. Nonetheless, several projects have been implemented to help HCMC meet its infrastructure needs and increase its capacity as the city’s population continues to rise. This article will provide an overview […]
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Vietnam-German Connections
Vietnam, one of the key member-states of the Association of Southeast Asian Nations (ASEAN), covers a total area 331,210 sq. km – making it almost the same size as Germany. In addition to the size connection, there is also a people connection with over 125,000 Vietnamese or Germans of Vietnamese descent living in Germany and over 100,000 German-speakers currently residing in Vietnam.
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Positive Outlook for European Companies Operating in Vietnam
Aug. 29 – According to the EuroCham Business Climate Index survey, the business outlook in Vietnam remains high among a majority of European businesses operating within Vietnam. The survey, conducted quarterly by the European Chamber of Commerce in Vietnam, found that 46 percent of respondents have a positive outlook for their enterprise in Vietnam, and […]