Prime Ministerial Decision No. 19/2015/QD-TTg is expected to attract more hi-tech investment from foreign companies to Vietnam when it comes into effect on August 1, 2015.
Since the normalisation of relations 20 years ago, economic relations between Viet Nam and the US have developed strongly in many sectors.
Viet Nam's electronics sector is becoming a force in Asia. While electronics exports from Asia rose by 17 per cent between 2010-14, Viet Nam's contribution ballooned by about 10 times, according to Singapore-based DBS group research.
Local securities enterprises can now submit foreign ownership limit (FOL) increase applications to the State Securities Commission (SSC) after the Government signed Decree 60 approving the removal of the FOL on most listed companies.
Ho Chi Minh City was ranked sixth among the most dynamic cities in the world, according to the recent 2015 City Momentum Index of the real estate services and investment management firm Jones Lang LaSalle (JLL).
The 13th International precision engineering, machine tools and metalworking exhibition (MTA Vietnam 2015) opened yesterday in HCM City.
In recent decades, Vietnam has been one of the very few countries in the world that have participated in many "marathon" negotiations with the US.
Party leader Nguyen Phu Trong and US Trade Representative Michael Froman expressed a desire to accelerate an early conclusion of the Trans-Pacific Partnership (TPP) negotiations at a July 6 meeting as part of Trong's ongoing trip to the US at the invitation of the US administration.
Lifting the foreign ownership cap will pave the way for Vietnam to achieve the much sought-after “Emerging Market” status.
Vietnam and Latin American countries have supplementary business structures, which could help boost economic development.
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