Despite the uncertain future of the Trans-Pacific Partnership, US companies are planning to continue expanding their investments and business in Vietnam.
Ministries and sectors are planning to reduce and simplify over 3,800 business conditions of the more than 6,200 in total, equivalent to 61.3% and exceeding 11.3% compared to the requests made by the Government and the Prime Minister, according to the PM’s working group.
Vietnam attracted more than US$20 billion in foreign direct investment (FDI) in the first half of 2018.
The world’s wooden interior décor market is predicted to grow 3.5% in 2018 and continue expanding, bringing chances for Vietnamese businesses to raise exports of the products.
Owners of lotus ponds around Hanoi have been collecting millions of Vietnamese dongs each day, earning up to VND100 million per month by selling flowers and renting their ponds out to people who want to take amazing photos among the lotus.
More and more farmers in Vietnam are discovering the benefits of working with cooperatives and export companies and using clean farming methods to ensure high-quality produce.
Vietnam is to suspend the import of tamarind (tamarindus indica) from Indonesia as the product is contaminated with insects subject to Vietnam’s plant quarantine.
Enterprises must adopt new business models and create value beyond the expectations of customers to succeed in today’s competitive, fast-changing environment, delegates said at a forum held in HCM City recently.