The garment and textile industries in Thailand and Viet Nam should strengthen co-operation to improve competitiveness and exploit the ASEAN market, delegates said at a meeting held in HCM City yesterday.
With a raft of free trade agreements on the way, a checklist of equitisations, and new legislation in place to support foreign investment, a new wave of M&As are forecast to sweep across Vietnam.
Vietnamese investors can transfer foreign currency abroad as payment for activities relating to their projects before getting investment licences from foreign local authorities under a draft decree of the Ministry of Planning and Investment.
There have been more and more small and medium-sized enterprises investing in Vietnam recently. Although many investors are tend to be attracted by the good stories, but also the companies also need to be fully aware of the “difficulties” they will have to face when investing in Vietnam.
Leading US businesses are anticipating the Vietnamese government to conclude talks on the Trans-Pacific Partnership and accelerate the country’s economic reform.
The Ministry of Finance has issued decisions approving the removal or simplification of various administrative procedures in taxation and customs.
A Japanese agency has suggested developing a hi-tech agricultural-industrial park in the Central Highlands city of Da Lat, known as Vietnam’s veggie hub, to make the locality a leading source of green produce for Japan.
A seminar to examine cooperation opportunities in the electrical sector between Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on March 24.
Enterprises and organizations may utilise digital signatures to implement the procedures for electronic taxation and customs, etc., in order to save time and effort while guaranteeing the legal value.
While Vietnam’s economic performance continues to improve, further structural reforms that allow greater participation of local firms in global value chains is needed to enable the economy to reach its full growth potential, the Asian Development Bank (ADB) said in a report released on Tuesday (March 24).
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