The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
On August 23 the State Bank of Việt Nam set the benchmark exchange rate at VNĐ23,127 to the dollar, weakening the đồng by VNĐ5 compared to the previous five days (August 19).
A major trade surplus in the first eight months of the year and positive impacts from trade pacts are forecasted to enable Vietnam to continue enjoying a trade achievement this year.
Currently, enterprises are importing Chinese plywood to re-process and then sell to the US; even foreign enterprises disguise as investors in Vietnam to get certificates of origin of goods (C/O) to export plywood to the US to evade taxes.
With the rapid development of the domestic market, Việt Nam needs to balance modern and traditional distribution channels, according to experts.
A few days ago, ride-hailing firm Grab unveiled an ambitious plan to invest US$500 million in Việt Nam over the next five years, just a month after it announced an investment of $2 billion into Indonesia.
Continued Confidence Towards ASEAN, But Signs of Losing Faith in ASEAN Economic Integration. Following on from previous years, the EU-ASEAN Business Council (EU-ABC) today published its annual EU-ASEAN Business Sentiment Survey -- the fifth edition of this report. Highlight findings this year include:
Việt Nam has been very successful in the software outsourcing field over the past decade that many countries regard it as an Asian outsourcing hub.
The EU-Việt Nam free trade agreement (EVFTA) is expected to bring many benefits in protection of intellectual property rights in Việt Nam.
The trade fight between the United States and China is reordering the global supply chain and Vietnam could stand to be a winner for investors, according to Sandeep Naik, senior executive at U.S. investment firm General Atlantic.
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