Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
Foreign direct investment
The expected release of quarterly GDP figures in early July will help better monitor Vietnam economic trajectory but, regardless of these figures, greater attention should be on the potential impact of the rapid monetary expansion on inflation and the deepening of the fiscal deficit caused by underperforming tax collection. … [Read more...] about Vietnam sees a slight economic rebound, says World Bank
- One issue related to statistics during the business survey is statistics agencies may have looked into reports which are made before or after tax agencies reach finalize tax claims. It is customary for taxmen not to consider as “valid” some types of expenses once they issue their final statements. Therefore, most enterprises initially announce negative gross profits in their reports. However, the figure would turn positive after tax claims are finalized. Therefore, enterprises are requested to pay for their corporate income taxes incurring after such settlements. This may be the simple reason why household businesses do not want to transform themselves into enterprises although the latter sound more ‘”impressive.” … [Read more...] about Vietnamese enterprises: The evidence of inefficiency
The national carrier of the State of Qatar has further enhanced its onboard safety measures for passengers and cabin crew to prevent a Covid-19 infection. It has introduced Personal Protective Equipment for cabin crew, which comprises gloves, face masks, safety glasses and a new protective gown that is fitted over their uniforms as well as a complimentary protective kit for passengers. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 5
At a reception for Swiss Ambassador to Vietnam Ivo Sieber in the city on June 22, Chairman of the municipal People’s Committee Le Quang Manh expressed his hope that Swiss enterprises will enhance investment cooperation with the city. He said that Can Tho boasts fine relations with Switzerland in all fields such as politics, foreign affairs, culture, sports, tourism and economy, trade and investment. However, the two sides still see a lot of potential to develop them in the near future. Can Tho has favourable conditions in agricultural production, aquaculture and fruit cultivation, he said, adding that as a key city in the Mekong Delta, Can Tho is determined to build itself into the region’s economic, industrial, commercial and service centre. For his part, Ambassador Ivo Sieber said that the Mekong Delta is a very important socio-economic region but now it is greatly affected by climate change. He said he hopes that Switzerland will continue strengthening … [Read more...] about Can Tho, Switzerland strengthen multifaceted cooperation