The Hanoitimes – Major Vietnamese corporations said that the regulation has discouraged them from investing. A Vietnamese decree is in place to tackle transfer pricing abuse by firms, especially foreign multinational companies, but local enterprises complain they are caught in the crossfire. Decree No. 20/2017/ND-CP, which came into force in May 2017, regulates that interest expenses […]
Read MoreThe Hanoitimes – A series of licensed and agreed in-principle renewable energy projects of foreign investors have contributed significantly to the country’s total FDI inflow this year. The country has seen a boom of foreign investments in the green energy industry over the past months. In October alone, the Ministry of Planning and Investment, cities and […]
Read MoreThe Hanoitimes – The revenue is equal to 89.8% of the year’s plan and 86.74% of the expectation, local media reported. Vietnam’s import-export duty revenue reached VND254.16 trillion (US$10.89 billion) in the first ten months of 2018, up 6.82% compared to the corresponding period last year, according to the General Department of Vietnam Customs (GDVC). The […]
Read MoreThe Hanoitimes – Many foreign firms have continued enlarging their business and production operations in Vietnam as they forecast a rosy outlook in the market. South Korea’s ActRo Vina Ltd. Co, which specializes in manufacturing and processing camera accessories for mobile phones and other electronic devices, has recently started to build its second production facility in […]
Read MoreThe Hanoitimes – Starting on October 12, Vietnam has accepted payment in the Vietnamese dong (VND), Chinese yuan (CNY), or fully convertible currencies for overland trade activities with China. The State Bank of Vietnam (SBV)’s Circular No.19 allowing the CNY payment for border trade activities between Vietnam and China does not contradict Vietnam’s Constitution, regulations set […]
Read MoreThe Hanoitimes – Vietnamese fashion market has allured many foreign brands and some of which have decided to acquire local clothing companies to enable them enter the potential market as soon as possible. Japanese global apparel retailer Uniqlo last week took a step closer to opening its first store in Vietnam next year as planned by […]
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