Asian garment manufacturers are signaling concern about disproportionate benefits for Vietnam over regional rivals in the textile sector as a result of its major trade deals, including the U.S.-led Trans-Pacific Partnership and a free trade agreement with the European Union.
The rapid growth of Vietnam’s export-oriented manufacturing sector has boosted demand for logistics services. However, the local logistics sector has largely failed to fully meet demand. As a result, many enterprises are now looking for the opportunities to join the sector.
The renovation initiated and led by the Party has created a bright socio-economic picture for the country.
A more transparent legal framework as well as additional incentive policies are needed to attract investment in wastewater treatment projects in HCM City, especially under the mode of Private-Public Partnerships (PPP), city authorities have said.
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.
| The site is done with the technical support of the project BWTO |
