The localisation rate in Việt Nam - the percentage of a product locally made - is too low as the number of Vietnamese part supplying businesses accounted for only three per cent of the country’s total, Phan Đăng Tuất, former director of the Institute for Industrial Policy and Strategy said.
Vietnam is expected to remain one of the fastest growing emerging markets (EMs) as the country’s economy is likely to grow at over 7 percent and above in 2016 and 2017, said Qatar National Bank (QNB)
Vietnam’s rapidly expanding textile industry has every chance of becoming the world’s leading textile producer within the foreseeable future, according to an industry insider.
According to this European Chamber of Commerce’s (EuroCham) annual White Book on Trade, Investment Issues and Recommendations, foreign investors saw Vietnam as a key center to provide goods and services for the region.
The Vietnamese economy will remain stable in 2016 with a growth rate of 6.7 percent, followed by a modest slowing of growth to 6.5 percent in 2017, according to the Asian Development Bank (ADB)’s “Asian Development Outlook 2016” report, released on March 30.
For years, Việt Nam, as a developing country, has tried to reform its legal framework for investment to make it consistent with a market economy.
With the effective date of a tightened policy on foreign currency lending drawing near, banks in Vietnam are taking measures to keep borrowers from turning their backs on them.
Outcomes of the 2015/16 Knowledge Sharing Programme (KSP) launched by the Republic of Korea (RoK) to share experience in socio-economic development with Việt Nam were announced at a conference in Hà Nội yesterday.
Ho Chi Minh City will host the 4th ASEAN Chief Justices’ Meeting on April 1, featuring Supreme Court delegations from ten ASEAN member states.
The anticipated ratification of the Trans-Pacific Partnership (TPP) agreement is expected to have a negative impact on Cambodia’s economic growth as Vietnam takes priority as a top trading partner.
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