Foreign invested sector

At the Industrial Real Estate Forum 2020, Mr. Do Nhat Hoang, general director of the Foreign Investment Agency under the MPI, underlined that the country had failed to meet some expectations after 30 years of FDI attraction, particularly in technology transfer and the added value by foreign investors in Vietnam. The spillover effects remained low. … [Read more...] about Focusing on technology transfer in attracting new wave of FDI capital

Insiders have said that the coronavirus pandemic is an opportunity for many tea companies to change and improve product value instead of chasing output. Most Vietnamese tea has been exported as raw materials, which are then processed and packaged for consumption in the local market or exported to a third country. Vietnamese tea only accounts for about 5-20 percent of the finished product value, while brands usually account for 40-60 percent. This is why Vietnam is among the countries with the lowest tea export prices in the world. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 15

As far as renewable energy is concerned, Vietnam has a concrete plan to develop more renewable power to reduce carbon emissions. The government has facilitated the development of renewable energy by offering attractive tariffs to lure local and foreign investors. Nonetheless, future investment depends very much on available conditions and advantages of a favorable investment policy, capacity of the transmission lines and grid-connection and support from the local government where the project is or can be located. All these factors will decide the interest of investors and their investment decisions. … [Read more...] about Thai power firm pins great expectations on largest solar energy project in Vietnam

According to the Import-Export Department under the Ministry of Industry and Trade, figures relating to the stable export growth of the plastic industry in recent years has seen the import demand of plastic products in the EU and Japan markets remain high, with Vietnamese plastic products, especially plastic pipes and plastic bags, in great demand. Moreover, both the EU and Japan represent traditional markets that local businesses are keen to gain entry to. … [Read more...] about Plastic exporting enterprises enjoy preferential tariffs to EU market