Over the past several years, Vietnam has shown itself to be a rising powerhouse in ASEAN, and foreign investment into the country has reflected this growth.
The Ca Mau province is calling for investments in its four industrial zones (IZs), the provincial Planning and Investment Department said recently.
Vietnam’s retail market is set to grow by 8.4 per cent by 2020, making it one of the fastest-growing markets in Southeast Asia, according to InsideRetail.asia, Asia’s leading authority on retail industry news and trends.
ASEAN investment inflows to Vietnam are expected to surge in the coming months, when many large projects are licensed and the ASEAN Economic Community is established.
Viet Nam is continuing efforts to reform its banking system and invite foreign banks to join the domestic market via increased bank ownership.
Circular No. 200/2014/TT-BTC provides guidelines on accounting policies for both local and foreign enterprises in Vietnam for the fiscal year beginning January 1, 2015.
The northern midland province of Phu Tho, a powerhouse of heavy industry, is set to continue improving its competitiveness and business climate.
Ever since Viet Nam joined WTO, foreign investors have been allowed to co-operate with Vietnamese advertising firms through joint ventures or business co-operation contracts.
Enterprises in several business fields are now able to implement regulations in Decree No 60 that increase the foreign-ownership ratio in Vietnamese companies, with no need to wait for guiding documents.
The amount of foreign direct investment (FDI) Vietnam attracted during the 2003-14 period was over eight times the size of its national economy.
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