Vietnam Briefing News

Vietnam To Revamp Its Economy


Feb. 27 – Vietnam has approved a plan to boost its economy by focusing on restructuring public investments, banks and state-owned enterprises (SOEs). Furthermore, in an attempt to generate sustainable growth by 2020, attention will also be placed on strictly controlling inflation. As he signed a 29-page directive that took effect on February 19, Prime […]

High-Technology Law in Vietnam Sets High Investment Requirements


Feb. 13 – “Science and technology, along with education, have always been priorities in our national policy, but the [law on high technology] is the first legal document that institutionalizes that policy,” remarked Nghiem Vu Khai, Vice Chairman of the National Assembly’s Committee for Science, Technology and the Environment, in July 2009. It was at […]

Trans-Pacific Partnership Agreement to Boost Vietnam–U.S. Textile Trade


Feb. 6 – The proposed Trans-Pacific Partnership (TPP) is likely to have a positive impact on Vietnamese exports to the United States, and will boost the performance of Vietnam’s export processing zones. The TPP is an agreement that will seek to create a large free trade zone, linking together key players among the Pacific economies.

New Regulations Open Up Vietnam to Foreign Investors


Jan. 28 – The Vietnamese Ministry of Finance issued Circular No. 213/2012/TT-BTC last week in a move to increase the participation of foreign investors in Vietnam’s securities market. The Circular also includes provisions on disclosure requirements for foreign investors. It will take effect on February 15 and will replace Decision No. 121/2008/QD-BTC. Under the Circular, […]

Vietnam-EU Free Trade Agreement Negotiations Continue


Jan. 23 – On January 16, the Multilateral Trade Assistance Project (MUTRAP) and the Danang Branch of the Vietnam Chamber of Commerce and Industry (VCCI) held a seminar to discuss the contents of the Vietnam-European Union (EU) Free Trade Agreement (FTA). The seminar’s purpose was to assist Vietnamese enterprises in gaining a clearer understanding of […]

Ho Chi Minh City’s Export Turnover Reaches US$30 Billion in 2012


Dec. 18 – According to the Municipal Department of Industry and Trade, Ho Chi Minh City’s total export turnover during 2012 reached US$30.35 billion, representing a year-on-year increase of 7.36 percent. The Department’s Deputy Director, Huynh Khanh Hiep, further highlighted that the foreign invested sector registered an export value of US$8.8 billion, an increase of […]

A New Wave of FDI into Vietnam


By Rosario Di Maggio Jul. 18 – Although it is still too early to tell, many observers agree that the worst of Vietnam’s economic dip is over, its economy will bounce back in the coming years, and a new wave of foreign direct investment is likely to flow into the country. We can definitely confirm […]

Clinton’s Asia Tour Provides Boost to Vietnam-U.S. Trade, Relations


Jul. 13 – U.S. Secretary of State Hillary Clinton announced in Cambodia on Friday that the United States will provide five Southeast Asian countries with US$50 million over three years to help out in areas such as healthcare, education, and the environment. Recipients of the aid will be: Cambodia Laos Myanmar Thailand Vietnam

Vietnam’s Key Investment Laws


Jun. 28 – Vietnam has been carrying out economic reforms since 1986, with the encouragement of domestic and foreign private investment as one of its main points of focus. In order to provide an open and stable investment environment, Vietnam has enacted many laws and regulations to establish a framework for investment. Some of the […]

Vietnam Ranks Coastal Economic Zones


By Tran Que Chi Jun. 14 – Under a classification scheme conducted by Vietnam’s Ministry of Planning and Investment (MPI) in order to prioritize investment, Chu Lai in Quang Nam and Dung Quat in Quang Ngai have been listed as the country’s first-rate coastal economic zones. Mr. Vu Dai Thang, head of the Economic and […]

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