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Vietnam’s M&A Activities 2011
Nov. 7 – Following amendments more than five years ago to two major laws regarding investment activities in Vietnam – namely the “Competition Law” and the “Law on Investment” – the country’s mergers and acquisitions (M&A) market has increased from US$299 million in 2006 to US$1.7 billion in 2010. Furthermore, M&A activities for the first […]
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Germany-Vietnam Investment Cooperation
Germany now Vietnam’s largest EU trading partner Nov. 3 – In 2010, bilateral trade between Vietnam and Germany reached US$4.1 billion, showing substantial development since the two countries set up diplomatic agreements on September 23, 1975. The mutual understanding between Vietnam and Germany has been further strengthened through maintaining trustworthy partnerships and a political consultation […]
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Viet–U.S. Pacific Free Trade Talks could Impact on China SOEs
Oct. 31 – The United States, currently locked in discussions with Vietnam over the nine country Trans-Pacific Partnership (TPP), has had proposals to include new rules concerning state-owned enterprises rebuffed by Hanoi. The United States believes that SOEs often reap additional benefits directly from the State which amount to unfair subsidies and protectionism. Washington wants […]
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Corporate Income Tax Delayed One Year For Labor-Intensive Enterprises
Decision 54/2011/QD-TT inked by the Prime Minister agrees to extend corporate income tax payments in 2011 for labor-intensive companies as well as select co-operatives.
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Real Estate Market Trends in Hanoi
Oct. 26 – Investor interest in Hanoi’s residential property has increased in recent years. With an average population growth rate of 5 percent a year coupled with a considerable area of vacant land, housing prices in Hanoi have been pushed up to levels that are higher than they should be. Selling prices of upmarket houses […]
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Vietnam Seeing an Industrial ‘Renaissance’
By Lorenzo Martelli Oct. 19 – Vietnam is gradually moving away from its traditional focus areas of industrial production such as textiles, food processing, rice and coffee to attracting investment in new sectors like electronic and high-tech manufacturing, research and development. Manufacturers are seeking alternatives along with rising labor costs in Thailand and China – […]
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New Issue of Vietnam Briefing: International Taxation Agreements
In this issue, we will first look at the broader context of global trade and the growing salience of FTAs between Vietnam and its trade partners. We will examine the effects of current FTAs on Vietnam’s exports, the advantages and disadvantages thus far, as well as the response of Vietnamese enterprises to the policies of the FTAs in effect. Also, an in-depth look at key bilateral and regional trade agreements will reveal some telling trends.
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New Strategy Targets Breakthrough in FDI Attraction
Oct. 11 – The Vietnamese Ministry of Planning and Investment (MPI) is currently working on a new strategy to boost the attractiveness of the country in terms of foreign direct investment (FDI) inflows. A significant shift in FDI’s role in the country will be the main issue the new strategy is aiming at and the […]
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New Regulation to Improve FDI Quality in Vietnam
Vietnam determined to improve the quality of foreign direct investment Oct. 7 – Over the last few years, Vietnam has emerged as an important destination to invest in for foreign companies. In 2009, the government issued a resolution titled Decision 129/2009/QD-TTg (“Decision”) aimed at attracting and managing FDI. The Decision’s goal was to build and […]
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Vietnam Raises Ceiling for Minimum Wage Levels
By Francesca Grassi Sept. 27 – On October 5, 2011, new Decree no.70/2011/ND-CP on region-based minimum wage levels will come into force in Vietnam bringing in eloquent changes and a step forward from previous Decree no.107/2010/ND-CP and Decree no.108/2010/ND-CP. The regulation is effectively structured in order to provide companies with exact information about the applicability […]