Vietnam’s trade as a percentage of gross domestic product (GDP) reached over 200 percent in 2017, the highest level for any country with over 50 million people in the World Bank’s data. The information was revealed in a report by the World Economic Forum. (WEF) Of the world’s twenty most populous countries, Vietnam blows away […]
Read MoreThe Hanoitimes – The number of foreign investors, who contribute capital or acquire shares in Vietnamese firms, is surging rapidly, given by the firms’ high growth prospects and the government’s effective actions in improving the country’s business and investment environment. Figures from the Foreign Investment Agency under the Ministry of Planning and Investment showed that foreign […]
Read MoreThe Hanoitimes – Uncertainties surrounding global trade activities, especially the escalating trade tensions between the US and China and the FED`s decision of hiking interest rates are putting pressure on Vietnam`s macro-economic management. Vietnam still maintains high economic growth rate of 6.88% in the third quarter and 6.98% in the first nine months of 2018, however, […]
Read MoreMINOR International (MINT) has entered into a joint venture agreement with Vietnam Investments Group (VI Group) to operate as the master franchisee of The Coffee Club brand in Vietnam. Under the partnership, the joint venture’s initial plan is to open 100 outlets of The Coffee Club over the next five years. Minor International did not […]
Read MoreThe Hanoitimes – The signing of the EU-Vietnam Free Trade Agreement (EVFTA) will create a big step in Vietnam’s government procurement field as foreign investors will be allowed to take part in the market for the first time. Government procurement is about how public authorities spend public money when buying goods, works or services. This can […]
Read MoreThe Hanoitimes – The proposal was highlighted in the fiscal and budget report in September 2018, which was released by the National Financial Supervisory Commission of Vietnam (NFSC). The NFSC, the government’s financial watchdog, has proposed cutting the corporate income tax for small-and-medium sized enterprises (SMEs) to support their operations. The NFSC emphasized that this is […]
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