The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
Firms of investment
In the context of the COVID-19 pandemic, Vietnam has been getting a lot of attention as it has managed to cage the outbreak with a sheer iron will, the article said. Vietnam is fast emerging as the preferred destination of multinational firms, it stressed, adding that the Southeast Asian nation is revving up its economic engine and has already restarted domestic tourism. The IMF forecasts that Vietnam is likely to post economic growth 2.7 percent in 2020, while the World Bank has pegged it at 4.9 percent - far greater than regional peers. “Vietnam finds itself in a sweet spot today. It has contained COVID-19, weathered most of the economic storm, and has the right ingredients to take full economic advantage of the post-pandemic scenario”, the article said. Foreign media also ran articles on the assessment of Vietnam’s success in containing the spread of the virus and working for its economic recovery. Axios.com said Vietnam was one of the first in the world … [Read more...] about Vietnam’s economy attractive to foreign investment: int’l media
In the first quarter of 2020, the company reported its net revenue was up 11 per cent on-year to VND303.7 billion and post-tax profit gained 14 per cent on-year to VND41 billion. — VNS … [Read more...] about South Korean firm buys 25 per cent of Imexpharm
At a meeting held on June 22 to review preparations for the conference, Director of the Hanoi Promotion Agency Nguyen Gia Phuong said nearly 10 provinces and centrally-run cities, along with 540 businesses, including 120 foreign firms, have confirmed their participation in the upcoming event, entitled “Hanoi 2020 – Investment and Development Cooperation.” … [Read more...] about Conference to help foster investment, development cooperation in Hanoi
The investees account for 97.5 per cent of the fund’s portfolio. Top 10 holdings include Dong Hai Ben Tre JSC (DHC), Vinh Hoan Corporation (VHC), Nam Long Group (NLG), Power Construction JSC No 1 (PC1) and Taseco Air Services (AST). — VNS … [Read more...] about PXP Asset Management to sell investment funds