Authorities of the southern industrial hub of Binh Duong held a meeting with two major foreign direct investment (FDI) enterprises to address challenges facing the firms in production and business operations while encouraging their further expansion.

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed increasing the support for research and development (R&D) costs to over 50% for foreign direct investment (FDI) businesses, it said in policy feedback requested by the Ministry of Planning and Investment.

VOV.VN - Vietnam is looking for solutions to retain foreign investment firms, especially giants such as Samsung, Apple, and Foxconn, in the event that the global minimum tax is applied in the country.

In the recent three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, trade revenue between Vietnam and other member countries has seen two-digit growth every year, said Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT) Luong Hoang Thai.

The Vietnam Social Security (VSS) hosted a dialogue with Japanese businesses on the implementation of social and health insurance policies, in the southern province of Ba Ria - Vung Tau on October 11.

VOV.VN - The import-export value of foreign direct investment (FDI) firms reached US$187.3 billion during the five months of the year, representing a year-on-year rise of 14.3%, with exports growing by 13.3% to US$98.8 billion, according to the General Department of Vietnam Customs.

Despite COVID-19, foreign investors’ new capital registered in Vietnam reached US$22.15 billion in the first nine months, up 4.4% compared to the same period last year, as heard at the Government Portal’s online conference held on September 27.

A webinar on the role of the private economic sector and experience in foreign investment management of Vietnam in Doi moi (renewal) process took place in Venezuela on June 9.

Foreign direct investment (FDI) firms, rather than the domestic ones, are able to fully tap the production shift of large brands, according to industry insiders.

Foreign direct investment (FDI) firms’ import-export value reached US$68.52 billion in the first two months of 2021, a surge of 31.5% from the same period last year, according to the General Department of Vietnam Customs.