The Vietnamese State pursues a consistent policy of respecting and ensuring the right to freedom of religion and belief and freedom of non-belief and non-religion. This is clearly stipulated in the country’s Constitution and law. The 2016 Law on Religion and Belief stipulates citizens’ fundamental right to freedom of religion and belief. … [Read more...] about Freedom of belief and religion respected in Vietnam
Vietnam expands foreign property ownership
ASEAN has always been one of the important pillars in Vietnam’s foreign policy. A united, strong, prosperous and self-reliant ASEAN Community with high international role and position is our shared interest. This can only be reached if all of us “think community and act community”. Vietnam has been exerted efforts, together with other ASEAN members, to successfully implement this noble goal. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination
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 Vietnam could take advantage of new foreign investment strategies?
Giorgio Aliberti Ambassador of the European Union Delegation to Vietnam, photo VOV These new foundations provide a good basis for expanded trade and investment opportunities. Vietnam is by far the biggest exporter of goods to the EU in the ASEAN – almost twice as much as the second strongest exporter, Singapore. Unfortunately, the trade is very unbalanced: Vietnam only buys a third of the products from the EU that Singapore buys, leading to big trade deficits. Regarding FDI, the EU is the largest investor in ASEAN countries, ahead of Japan and China. However, the EU is only the fifth-largest FDI partner of Vietnam. Is this an indication that there is room for FDI growth from EU companies to invest in Vietnam and what does this imply for trade? … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam