INVESTMENT

The Hanoitimes - The agreement’s new rules of origin will make it easier to trade products tariff-free when they include inputs from other countries the EU has trade agreements with. EVFTA – a chance for both sides Vietnam to soon ratify EVFTA, two other ILO conventions: Speaker Vietnam’s textile, garment and footwear to benefit the most from EVFTA Vietnam’s new-generation free trade agreements, the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), have helped Vietnam-based foreign firms benefit both market entry and tax policy incentives, experts said.   The EU removes tariffs on thousands of items sourced from Vietnam under the EVFTA According to Dr. Hoang Van Cuong, vice rector of the National Economics University, as for investors from the EU and CPTPP countries, they will enjoy huge benefits of both the market and domestic preferential policies when investing … [Read more...] about Foreign investors get dual benefits from Vietnam’s new FTAs

Vietnam has attracted investment from 100 of the world’s top 500 businesses. However, this result is said to be incommensurate with Vietnam’s real potential. Therefore, one of the top priorities of the new-generation foreign direct investment (FDI) strategy is attracting investment from major groups. At a recent meeting with Vietnamese Prime Minister Nguyen Xuan Phuc, the leaders of South Korean electronics giant Samsung, and CapitaLand, one of Asia’s largest real estate companies, headquartered in Singapore, shared their major investment plans in Vietnam. These include the construction of a Samsung research and development (R&D) center in Vietnam. Samsung Vietnam General Director Choi Joo Ho said the company is implementing necessary procedures to build this center in Hanoi. This is expected to be the largest R&D center in Southeast Asia, with 3,000 employees, Choi Joo Ho added. Economists believe successful attraction of R&D investment projects will pave … [Read more...] about New strategy targets investments from major groups

The Hanoitimes - VAFI estimated that around 80 percent of existing business lines with foreign ownership caps should be removed. Hanoi wants French investment in urban, environmental development Chinese big firms eye investment in Vietnam, Hanoi contemplates S. Korean companies seek investment opportunities in Hanoi The Ministry of Planning and Investment’s latest draft bill on the amendments of the Law on Investment and the Law on Enterprises is designed to further advance the country’s investment environment for firms, including foreign ones.   The maximum foreign ownership ratio in banks is capped at 49 percent. According to Dang Duong Anh from Vietnam International Law Firm, new provisions on non-voting depositary receipt proposed in the draft amendments of the Law on Enterprises that have been released recently will encourage companies in Vietnam to raise capital from foreign investors. Under the current legal regulations, if a public company … [Read more...] about Vietnam fine-tunes laws to aid business, investment

Hanoi’s Department of Industry and Trade expects foreign direct investment (FDI) firms will team up to develop key industrial products to benefit socio-economic development. Illustrative image - Source: tapchicongthuong.vn The products are outputs of the sectors that are prioritised by the city and influential to its development. Theo VNS/VNA … [Read more...] about Program on key industrial production eyes FDI firms

The Hanoitimes - The Vietnamese operations will be run through a joint venture with Ho Chi Minh City-based Lotus Food Group. Japanese electric wire manufacturers shift operation to Vietnam Vietnam welcomes Japan’s support in economy reshuffle Japan’s leading corporations committed investments worth US$3.75 billion in Hanoi EVFTA and CPTPP expected to help Japan become Vietnam’s No.1 investor again Out of China, Japan’s retailer Takashimaya eyes expansion in Vietnam Japanese drugstore operator Matsumotokiyoshi will expand into Hong Kong and Vietnam as increasingly health-conscious consumers in these markets are expected to fuel demand for Japanese nutrition supplements and cosmetics, Nikkei reported.    Illustrative photo. The Vietnamese operations will be run through a joint venture with Ho Chi Minh City-based Lotus Food Group, with which Matsumotokiyoshi said it has reached a basic agreement. "Vietnam is an emerging market, so … [Read more...] about Japan drugstore Matsumotokiyoshi heads to Vietnam