Vietnam is accelerating merger and acquisition activities in the banking sector, in an effort to reduce bad debt, which monetary regulators said has been a heavy burden on the country's economy.
Compared with other developing markets in the region, Vietnam is emerging as the clear leader in low-cost manufacturing and sourcing, with the country’s manufacturing sector now accounting for 25 percent of Vietnam’s total GDP.
Thanks to low inflation resulting from decreases in oil and goods prices, improved production and consumption, Vietnam finds it workable to meet the economic growth target in 2015, said Vietnam's National Financial Supervisory Commission (NFSC) on Monday.
The European Union (EU) expects it and Vietnam can soon conclude negotiations over a free trade agreement (FTA), and this will make it possible for the EU to recognize Vietnam as a market economy, said the Ambassador and Head of the EU Delegation to Vietnam.
Labor legislation stipulates cases in which foreign employees need not apply for work permits, one of which includes those who are reassigned within an enterprise operating in 11 service sectors under Viet Nam's service commitments to the WTO.
Vietnam has become China's second largest ASEAN trade partner in 2014, only after Malaysia, the China-ASEAN Business Council (CABC)'s report revealed on January 30.
Foreign investors are optimistic about Vietnam's economy, along with others in Asia, but have asked the government to complete its promised overhaul of banks and state firms.
The Vietnam Tra Fish Association (VTFA) has voiced its objection to US anti-dumping tariffs on Vietnamese tra fish.
Foreign-run online shops in the past have been less popular than Vietnamese-run ones, which understand local customers, but that trend is changing as more retailers invest in Vietnam.
While Vietnam may be more well-known for its sizeable garment manufacturing capabilities, investors may be surprised to learn of the country's growing technical expertise. High tech companies are starting to flow into the country as they seek to take advantage of the low-cost, young, fast learning, and rapidly expanding workforce.
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