Vietnam gives big incentives for FDI enterprises with the expectation that they will perform technology transfer in the country, but the fact is that only 20% of foreign firms were engaged in technology transfer in the past five years.
Logistics are a key part of any business chain and, as Vietnam’s economy continues on its growth track, demand for logistics services has grown exponentially.
HCM City is implementing several trade promotional activities in Myanmar to help its enterprises effectively tap into potential markets, the Vietnam Economic Times reported.
Ranked No. 7 of 101 countries and territories investing in Vietnam for the past five years, the United States has invested more capital in the country through new brands.
Foreign businesses (FBs) wishing to establish representative offices (ROs) and branches in Vietnam are recommended to take notice of statutory conditions, dossier components, orders, procedures, and required tasks.
Exemption and reduction in land rent, cost support for advertising, vocational training, and base construction investment are among the incentives and facilitation that enterprises enjoy while investing in agriculture and rural areas.
Standard Chartered Bank has said Vietnam is emerging as the most preferred destination for companies planning to move production out of China.
China’s bilateral trade with ASEAN has been growing in recent years as bilateral trade figures continue to rise at annual rates of between 16-18 percent.
The Ministry of Industry and Trade will propose to the government to offer more incentives to attract investments for infrastructure development in industrial clusters nationwide.
Foreign direct investment (FDI) accounted for most of the nation's total electronic export turnover, according to a report from Viet Nam Electronic Industries Association.
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