Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated.
With increasingly rapid developments occurring in the gold and stock markets, economic experts believe these represent risky investment channels, with investors needing to carefully consider all of their financial decisions.
The Vietnam’s first vacation exchange platform, VPASS, has been officially launched after a signing ceremony of strategic cooperation between VPASS and partner resorts nationwide.
Last year’s export growth of 6.5% can be viewed as a bright spot in the nation’s economic picture, with this growth being attributed to the signing of a number of free trade agreements (FTAs).
There is still significant room for stronger reforms to create a more favorable business environment and make Vietnam among countries with the best business environment in ASEAN, according to the Vietnam Chamber of Commerce and Industry (VCCI).
The COVID-19 pandemic will continue creating trouble for the leather-footwear sector in Europe and the US – its key markets for export, in 2021, the Sai Gon Giai phong newspaper reported, citing experts’ opinions.
Construction of the expanded Hoa Binh hydropower plant began in the northern mountainous province of Hoa Binh on January 10, with Prime Minister Nguyen Xuan Phuc attending the ground-breaking ceremony.
Bloomberg and Forbes, the two most prestigious billionaire ranking channels in the world today, have reported on the investment activities of billionaire Mai Vu Minh.
Following the implementation of several free trade agreements (FTAs), shrimp exports in 2021 are anticipated to increase by 15% compared to last year, to reach over US$4 billion in revenue, according to insiders.
Minister of Industry and Trade Tran Tuan Anh, who is also Chairman of the Vietnam - US Trade and Investment Framework Agreement (TIFA) Council, held phone talks with US Trade Representative (USTR) Robert Lighthizer to discuss bilateral economic and trade issues.
Prime Minister Nguyen Xuan Phuc has asked the industry and trade sector to view enterprises as the centre of reform and development so as to further facilitate production and business activities and enhance competitiveness.
Joseph Incalcaterra, chief economist for ASEAN at the HSBC Global Research has hailed Vietnam’s handling of the virus, as saying that its response to the pandemic allowed the country to maintain its reputation as a “very good destination” for foreign direct investment.
PSNews – Phoenix International Group Co. Ltd. (Phoenix Group) was honored by the Government with an Emulation Flag and other awards by the Ministry of Public Security, branches, agencies and localities for its positive and effective contributions to the emulation movements as well as to the local communities.
Prime Minister Nguyen Xuan Phuc has moved to adopt the National Strategy on the Fourth Industrial Revolution to 2030, with a target set for the digital economy to account for roughly 30% of Vietnamese GDP by the end of the period.
Vietnam’s total revenue from retail trade and services reached over 5 quadrillion VND (219.5 billion USD) in 2020, representing a modest yearly rise of 2.6 percent, according to the General Statistics Office (GSO).
Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.
The recently-signed Regional Comprehensive Economic Partnership (RCEP) presents both opportunities and challenges to Vietnamese businesses, making prompt action crucial to address existing weaknesses and capitalise on deal-generated advantages.
Vietnam is set to be home to 26 airports by 2030, 14 of which will be international, according to a draft master plan on the development of the national airport network to 2030 and vision to 2050 from the Civil Aviation Administration of Vietnam (CAAV).
On December 31, the signing ceremony of a comprehensive strategic cooperation agreement was held in Ho Chi Minh city to "coordinate the promotion, investment attraction, and trade cooperation between Vietnam and South Korea".
The UK-Vietnam Free Trade Agreement (UKVFTA), which will come into force at 23:00 on December 31, 2020, will open the door wider for bilateral economic and trade ties and help form a solid foundation for their strategic partnership to reach a new height.