Great opportunities for real estate firms to call for foreign capital Akihiko Iwatani, chief representative of Haseko Corporation in Hanoi, believes that Vietnam is the most attractive market in ASEAN for Japanese investors in particular and foreign investors in general. … [Read more...] about State Audit of VN notes high pay for foreign specialists in ODA projects
Vietnam economy 2016
Vietnam needs to reduce the deficit in trade with China as soon as possible if it is to reach sustainable trade with this market, Son said. Vietnamese enterprises need to improve production level and capacity to manufacture import substitutes to help decrease the import value from China and elsewhere. They also need to increase exports to China, especially through official trade, and minimize exports through border trade. … [Read more...] about Vietnam considers how to reduce its trade deficit with China
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?
According to this report released by the General Statistics Office of Vietnam, the number of micro and small-sized enterprises accounted for a whopping 93% of the total number of enterprises in Vietnam. However, their capital represented only around 22% of the capital of the corporate sector in the counry. This rate remained almost unchanged during 2011 and 2018. In other words, micro and small-sized enterprises could have found it difficult in seeking loans. Meanwhile, the capital rate of medium- and large-scale enterprises in 2017 and 2018 inched upward, slightly higher than that in 2011-2015. … [Read more...] about Vietnamese enterprises: The evidence of inefficiency