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?
Growth investing kennzahlen
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
After recording an after-tax profit of VND206 billion in 2019, an increase of 249% from 2018, ITA expects VND271 billion of such profit this year, up 32%. It has come up with a plan to complete the legal procedures for 230 hectares of Tan Duc Industrial Park within this year and a plan to develop an industrial park stateside. Remarkably, Board Chairwoman Dang Thi Hoang Yen has shown up for the first time in many years at a recent online meeting of shareholders. Given its positive progress in corporate restructuring, plus the sector the company is active in currently benefiting from international investment shift, it is understandable that ITA has been a powerful magnet for cash flows. … [Read more...] about Vietnam’s current growth stocks
Hanoi will also promote the implementation of the market stabilization program and strengthen inspection and supervision to prevent smuggling, trade frauds, counterfeit goods and those infringing intellectual property rights in order to protect the legal rights of consumers and businesses, contributing to ensuring fair competition and the quality of goods and services. … [Read more...] about Hanoi boosts domestic consumption, economic growth
In addition, the country is also part of a free trade partnership known as the Regional Comprehensive Economic Partnership (RCEP), which includes all of Southeast Asia, as well as Australia, China, India, Japan, New Zealand, and the Republic of Korea. Elsewhere, the nation is also seeking a trade deal with Israel, whilst local companies are urging it to begin negotiating an FTA with the US as soon as possible. … [Read more...] about EVFTA could turn Vietnam into new destination for manufacturers: Nikkei