Foreign trade policy 2015 20

Although Prime Minister Nguyen Xuan Phuc has approved granting entry to foreign experts to restart business operations, administrative hassles are creating difficulties for companies, said Pham Thi Ngoc Thuy, a member of the prime minister’s Advisory Council for Administrative Procedures Reform who focuses on promoting the private sector. … [Read more...] about Firms face maze of regulations getting key foreign experts into Vietnam

With regard to the export commodity market, the United States remained as Vietnam’s largest export market during the five-month period, with turnover enjoying an annual surge of 8.2% to US$24.6 billion, followed by China with US$16.3 billion, representing an increase of 20.1%. … [Read more...] about Nation racks up US$1.9 billion trade surplus over five-month period

Vice Foreign Ministry Spokesman Doan Khac Viet Based on agreements reached by both sides, including the 2011 Memorandum of Understanding for Advancing Bilateral Defense Cooperation, the 2015 Joint Vision Statement on Defense Relations and the Plan of Action for Defense Cooperation for 2018 – 2020, the two countries are promoting bilateral defense ties, including in maritime security and improvement of legal enforcement capacity at sea, contributing to maintaining peace, stability, cooperation and development in the region and the world, he said. … [Read more...] about Vietnam – U.S. comprehensive partnership growing: Foreign Ministry

Of these, 1,212 projects were granted investment licenses with a total registered capital of $7.4 billion. 436 projects that were licensed in previous years registered to adjust investments for additional capital of $3.5 billion. Especially, there were 3,528 times of capital contribution and purchase of shares of foreign investors with a total value of nearly $3 billion. Singapore was the country with the highest investment capital of nearly $4.4 billion among 58 countries and territories investing in Vietnam. Taiwan followed with $743 million, tailed by China with $695 million, Hong Kong with $500 million, South Korea with $447 million, and Japan with $221 million. It was recorded that the production and distribution of electricity, gas, steam, and air-conditioner received the highest newly-licensed foreign direct investment with the registered capital accounting for 53.8 percent of the total newly-registered capital. The industrial processing and manufacturing industry accounted … [Read more...] about Foreign capital keeps pouring heavily into Vietnam

Vietnam is expected to see a new foreign direct investment (FDI) wave as more foreign companies plan to move investment into the country. The US-China trade has triggered the trend of shifting production lines from China to Southeast Asia and other markets, including Vietnam which was seen as a promising destination. Meanwhile, many countries are fighting against the Covid-19 pandemic while Vietnam has basically controlled the disease, while maintaining its economic growth momentum. Pegatron, Amazon and Home Depot have started recruiting and seeking to open new supply chains with Vietnam being among potential markets.Other US giants like Google and Microsoft have announced their plans to relocate their production facilities of new phones, personal computers and some other devices from China to Southeast Asia with factories in Vietnam and Thailand expected to be the beneficiaries, the Nikkei Asian Review reported.Microsoft is scheduled to start producing its Surface line, including … [Read more...] about More giant foreign firms plan to shift investment into Vietnam