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New Decree on Logistics Services Opens Up Opportunities for Foreign Investors in Vietnam

logistics2201On December 30, 2017, the government of Vietnam issued Decree No. 163/2017/ND-CP (Decree 163) on regulations for doing business in logistics services. Under the provisions of Decree 163, which will come into effect on February 20, 2018, replacing Decree No. 140/2007/ND-CP dated September 5, 2007 (Decree 140)

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Foreign cruise lines show growing appetite for Vietnam

cang hang hoa 3The Vietnamese cruise tourism market continues its upward trend on the back of the increasing number of ship calls and passengers.

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Supplementing sanction competence for Customs in handling intellectual property infringement

customoperationsBecause the sanction for the act of exporting goods infringing intellectual property was beyond the competence of Customs, thereby the Customs has to transfer the case to other authorities for handling, leading to prolonging the settlement  nearly 2 years.

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VN’s FTAs: Boon or Bane?

ftaAs 2018 brings newer and bigger free trade agreements (FTAs), Vietnamese enterprises are faced with tough choices. They can either adapt and move up the global supply chain, or stand by while imported goods flood the country’s market.

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Standard Chartered forecasts 6.8 percent GDP growth for Vietnam

GDP 3Standard Chartered Vietnam in Ho Chi Minh City on January 17 issued a global economic report, forecasting that Vietnam’s GDP will expand 6.8 percent in 2018.

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Changing 10 tariffs under FTA: The budget is impacted negligibly

hopbaochuyendeThis morning, January 5th, the Ministry of Finance held a press conference introducing 10 Decrees promulgating Vietnam's Special Preferential Import Tariff to implement the Free Trade Agreements ( FTA).

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Tariffs would throw monkey wrench into humming economy

madeinkoreaAn odd truth must be admitted on trade policy: For all of President Donald Trump’s bluster and threats almost one year into his term, he hasn’t raised a single tariff. This is not to soft-pedal or deny his protectionist instincts, which are plain for all to see.

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Budget deficit target set at 3.7% of GDP

vnd1001The Ministry of Finance (MoF) expects to keep this year’s State Budget deficit at 3.7 per cent of the GDP, below the 3.9 per cent mandated by the National Assembly.

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EU cloud over Vietnam export success

EU 2VIETNAM’S seafood exports hit a record value of US$8.32 billion in 2017, some 18 per cent higher than the previous year, said the country’s Ministry of Agriculture and Rural Development.

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Beijing rising

beijingOne of the first acts of President Donald Trump’s administration was to announce that the United States would withdraw from the Trans-Pacific Partnership (TPP), the massive free-trade agreement among 12 countries of East Asia and the Pacific.

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