Though Vietnamese banks are undergoing a compulsory restructuring process, foreign investors are showing interest in purchasing stakes in banks.
According to the Import-Export Duty Department, the Circular 126/2014/TT-BTC, focused on the e-payment of export-import duties, has helped saved time and resources of businesses and State managerial agencies.
The central province of Ha Tinh is focused on attracting Japanese investors.
Vietnam appears to be opening up to foreign tourists by waiving visa requirements for citizens of the five EU countries France, Germany, Italy, Spain and the UK from July 1, 2015.
Vietnam is betting that the most significant easing of business regulation in 25 years and an accelerated sale of state-owned firms’ shares will revive a flagging investment outlook.
Viet Nam has improved some criteria in business environment, exceeding the average level in ASEAN 6, namely Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
Vietnam’s relaxed criteria for granting hi-tech certification to enterprises should help foreign investors avoid the tedious “case-by-case” application process that currently prevails.
Vietnam is an ideal destination for Cyprus enterprises, with great opportunities to be opened up with the signing of the Vietnam-EU free trade agreement.
The free trade agreement being negotiated between Viet Nam and the EU is expected to encourage businesses to reform and update technology.
Raising capital remains one of the biggest difficulties for companies, and so programmes that help connect businesses with capital sources play a very important role, a conference heard in HCM City yesterday.
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