While the Vietnamese government is making great efforts to improve the country’s business and investment climate, unclear tax- and fee-related regulations are tormenting local firms planning to expand.
The private business sector in Vietnam is vital for the economy, however, obstacles and challenges remain, which can only be overcome through the combined efforts of policymakers and business leaders next year.
Although FDI has played an important role in boosting Vietnam’s economic growth, recent changes in policies and regulations, which are not consistent with international best practices, have exposed many foreign investors to considerable risks and obstacles in executing their investments.
Vietnam and Taiwan (China) boast a lot of potential for investment cooperation in the field of industry, heard a forum in Ho Chi Minh City on December 7.
Businesses in Beijing and Tianjin and Hebei provinces in China want to promote investment and trade with Vietnamese partners, according to the Tianjin Foreign Economic and Trade Promotion Association.
Vietnam’s 100 most sustainable businesses 2017 were announced at a ceremony in Hanoi on December 6.
VOV.VN -Deputy Prime Minister Trinh Dinh Dung has assured Vietnam’s willingness to provide the best possible conditions for the Republic of Korea (RoK) investors, saying the country pins high hope on a new wave of Korean investment into Vietnam in future.
VOV.VN - Prime Minister Nguyen Xuan Phuc has affirmed the Vietnamese government's readiness to provide best possible supports and optimal conditions for domestic and foreign investors, including those from the Republic of Korea (RoK) to expand business operations in the country.
VOV.VN - Nigeria has become a potential commercial market for Vietnam in Africa as Vietnam is running a huge trade surplus with the market, focusing on such staple items as transportation vehicles, computers and electronic products.
Executives from 20 companies based in the Republic of Korea’s Gyeongsangbuk-do Province met with nearly 90 Vietnamese counterparts in HCM City on December 1 to discuss business opportunities.
Agriculture is a key field of cooperation between India and Vietnam, especially the Mekong Delta region - the largest granary in the country, an official has said.
An Italian mission of 80 leading firms and 150 delegates will come to Vietnam next week to sound out cooperation prospects and strengthen ties between the two countries.
Article 34 of Clause 4 in the draft Law on Cybersecurity has not yet received support from foreign firms and local law makers because it will affect firms’ performance as well as Vietnam’s steady march towards a digital economy.
VOV.VN - At present, 65% of small and medium-sized enterprises (SMEs) still find it difficult to seek potential foreign partners and investors due to the lack of co-ordination and a high-skilled labour force.
Vietnam regards the US as its leading important trade and investment partner, President Tran Dai Quang said in a meeting with representatives of more than 60 US enterprises in central Da Nang city on November 8.
A draft law on cyber security requires foreign companies providing internet and telecommunication services in Vietnam to have operation licenses, a representative agency and an open data center in the country.
The Vietnam Chamber of Commerce and Industry (VCCI) is organising an exhibition in the central city of Da Nang to introduce typical products of all 63 cities and provinces across Vietnam to delegates from 21 APEC member economies.
Some proposals in the draft Law on Cyber Security by the Ministry of Public Security are not consistent with international commitments Vietnam has made, according to the Vietnam Chamber of Commerce and Industry (VCCI).
Nearly 760 English-speaking volunteers have been deployed to support foreign guests to the APEC Economic Leaders’ Week, which runs in central Da Nang city between November 6 and 11.
Facebook, Google, Viber, and Amazon are required to set up their own servers in Vietnam in accordance to the Draft Cyber Security Law, which could be a challenge.