The northern mountainous province of Yen Bai has pledged to create favourable conditions for businesses from the Republic of Korea (RoK) investing in the province.
The Trans-Pacific Partnership and free trade agreements will provide development opportunities for the Vietnamese garment and textile sector. Vietnam will be able to become an attractive destination for the global value chains.
Vietnam registered a trade surplus of 1.36 billion USD in the first quarter of 2016, Ha Noi Moi (New Hanoi) newspaper reported.
Experts have pointed out that it is unreasonable to impose low tax on discouraged products such as beer while imposing high taxes on milk.
The southern province of Dong Nai has so far this year attracted 33 new foreigndirect investment (FDI) projects, with nearly half of them poured into support industries such asmechanical engineeringand garment.
The entry of foreign banks has significantly increased over the last two decades, says the State Bank of Vietnam (SBV), which performs state management over monetary, banking activities and foreign exchange.
Việt Nam should be more active in proposing specific areas with which the World Trade Organisation (WTO) can support the country, WTO Director General Roberto Azevedo said during his visit to Việt Nam, the first ever trip made by a WTO chief to the Southeast Asian nation.
The northern province of Lai Châu will offer preferential policies for investors, especially in agriculture and tourism, Đỗ Ngọc An, chairman of the provincial People’s Committee said.
With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Việt Nam expects the trade deal to further boost exports to these markets, according to the Việt Nam Association of Seafood Exporters and Producers (Vasep).
Two weeks ago, the Ministry of Finance (MOF) organized a non-deal roadshow for the Vietnam’s $3 billion international bond issuance campaign, scheduled to be launched in 2016.
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