Representative Offices (ROs) are an effective tool for foreign investors hoping to analyze Vietnamese market trends and engage in limited cooperation with local companies. Compared to 100 percent Foreign Owned Enterprises (FOEs), however, ROs offer significantly limited functionality.
Foreign direct investment (FDI) attraction strongly increased in January 2016 compared to a year ago, showing positive signs in terms of FDI inflows.
Vietnam is keen on developing its maritime economy. With the accession to the Trans-Pacific Partnership Agreement (TPP), Vietnam will be an international trading and transshipment hub in the Asia-Pacific region.
The Trans-Pacific Partnership (TPP) was officially signed by 12 member countries on February 4 in Auckland, New Zealand. As a founding member, Vietnam has joined other TPP member countries in writing rules for global trade.
Around 80 per cent of surveyed local enterprises planned to expand their production and business in 2016 due to prospects of international integration.
Ho Chi Minh City (HCMC) will focus on improving investment attraction in industrial zones (IZs) and export processing zones (EPZs) in electronics, engineering, chemicals and food processing, especially in support industries.
Prime Minister Nguyen Tan Dung has sealed Decision No. 6 on the grant of personal income taxation for unfamiliar experts operative on foreign assist projects in Vietnam.
The lack of opacity along with the bureaucratic red tape and hurdles needed to obtain a Vietnam work permit has long been one of the primary complaints of foreign companies operating in the country, as well a favourite gripe among expatriates working there.
Deputy Minister of Industry and Trade Ho Thi Kim Thoa has called for local leather and footwear enterprises to beef up investments in production of materials to benefit from the free trade agreements (FTAs) Vietnam has signed and will sign.
Capital from regional neighbours into Viet Nam is increasing, the Ministry of Planning and Investment's Foreign Investment Agency (FIA) said.
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