HANOI: In the race to lure companies looking for alternative sites amid the U.S.-China trade war, Vietnam wields a slew of advantages over its rivals. Vietnam was ranked No. 1 among seven emerging Asian countries as manufacturing destinations by Natixis SA, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of […]
Read MoreThe Hanoitimes – The relaxation of foreign ownership ceiling to 49 percent is needed to help banks meet requirements in the country’s integration and be able to compete with international peers. The government should lift the foreign holding ratio at local commercial banks to 49 percent from the current 30 percent to help banks meet requirements […]
Read MoreKUALA LUMPUR (Bernama) – AirAsia and Thien Minh Travel Joint Stock Company (TMG) have signed a Memorandum of Cooperation to set up a low-cost carrier service with local partners in Vietnam, said Group Chief Executive Officer (CEO) Tan Sri Tony Fernandes. He said yesterday’s memorandum reaffirmed the group’s commitment to set up the service in […]
Read MoreThe Hanoitimes – The revenue is equal to 100.42%% of estimation and meets 97% of the 2018 target. Vietnam`s customs revenue reached VND284.2 trillion (US$12.22 billion) in the first 11 months of 2018, equivalent to 100.42% of the estimation and up 7.27% compared to the corresponding period last year, according to the General Department of Vietnam […]
Read MoreThe Hanoitimes – A recent review of the country’s legal documents showed that 265 legal documents must be reviewed, while seven laws will have to be amended to stay tuned with the CPTPP. Local authorities are expediting the reviewing and amending of the country’s laws to ensure compliance with the Comprehensive and Progressive Agreement for Trans-Pacific […]
Read MoreThe Hanoitimes – The success of the business community would bring prosperity for Vietnam in the next decades. Prime Minister Nguyen Xuan Phuc requested ministries and government agencies to remove and simplify at least 50% business and investment conditions in 2019. In three consecutive years from 2016 – 2018, the government has issued resolution No.19 on […]
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