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.
Ministers from the 12 nations involved in the controversial Trans-Pacific Partnership trade deal have officially signed the agreement in Auckland.
Starch Europe, the trade association which represents the interests of the EU starch industry both at European and international level, has welcomed the fact that the Commission has taken into account the sensitivities of EU starch producers in its negotiations with Vietnam.
Details have been released that reveal certain tariffs are to abolished regarding textile inputs and products exported and imported between Vietnam and the European Union (EU) under a trade deal struck in August 2015.
Many goods imported from Laos will enjoy a reduction of 50 per cent of tariffs between February 14, 2016, and October 3, 2020, according to the Ministry of Finance.
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.
The initial success gained by foreign franchise chains in Vietnam has prompted more and more foreign chains to come to the country.
The government has decided to transfer a major industrial park in the Mekong Delta province of Tien Giang to the local authority after its manager, PetroVietnam's construction subsidiary PVC, failed to attract investors.
All supporting policies for small-and medium-sized enterprises (SMEs), which account for more than 95 per cent of the total Vietnamese enterprises, should be included under one law.
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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