Industries thriving due to free trade agreements (FTAs) should seek foreign investment to develop domestic suppliers of parts or materials for manufacturing, experts said.
Prime Minister Nguyen Tan Dung suggested Cabinet members raise the national GDP growth rate target from 6.7 percent to 7 percent in 2016.
Transport infrastructure projects under the public-private partnership model are expected to be the key investment channel this year on account of tightened budget purse strings.
To prevent fraudulence in VAT refund for foreigners, the General Department of Vietnam Customs requested provincial/municipal customs to strengthen the supervision of entry and exit of passengers with many visits in a month.
Decree No 11/2016/ND-CP, dated February 3, 2016, which details the implementation of granting of work permits to foreign nationals working in Viet Nam, has replaced Decree No 102/2013/ND-CP.
The “Doing Business in Vietnam Guide” has been launched to inform foreign investors about the quirks of the Vietnamese business environment.
Vietnam’s laws on intellectual property (IP) have conformed to most IP-related commitments of the EU-Vietnam Free Trade Agreement (EVFTA), according to an expert team in charge of reviewing domestic IP regulations.
An international wine and spirits trade fair slated for next month in Singapore is seen as a good opportunity for Vietnam to attract new customers and investors to its fast-growing wine business.
The Ministry of Finance said a bad translation claiming that the tax-rate-to-profit ratio in Viet Nam was high, accounting for nearly 40 per cent of profit and undermining competitiveness, caused misunderstandings.
Vietnam looks set to become the biggest beneficiary of the US-led Trans-Pacific Partnership trade deal out of the four Southeast Asian participants, the other three being Brunei, Malaysia and Singapore.
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