Amidst growing demand for qualified manpower among domestic and foreign-invested enterprises (FIEs), technology applications in human resources training are predicted to become a popular trend in Vietnam ahead of the enforcement of the Comprehensive and Progressive Pacific Partnership (CPTPP).
Quang Ninh, for the first time ever, became the most competitive locality in the country, topping the Vietnam’s Provincial Competitiveness Index (PCI) 2017.
VOV.VN - Vietnam’s export turnover has seen spectacular growth over the past 11 months considering the nation’s adjustment for the reduction in natural resource exports.
The General Statistics Office (GSO) has announced there was an excess of exports over imports of US$2.8 billion in the first 11 months of the year. However, this was overshadowed by the fact that most of the reports came from FIEs, while domestic enterprise contributions were modest.
The high number of imports of input materials and exports of finished products by foreign invested enterprises (FIEs) has led to an increased growth rate for the seafood industry.
Labor experts have issued warnings about the sacking of workers over 35 years old, especially at foreign invested enterprises (FIEs).
Although Vietnam’s business community has been the backbone of the country’s market-based economy over the past decades, it has experienced its share of ups and downs.
Many electronics and engineering companies have become first-class suppliers for foreign-invested enterprises (FIEs) in Vietnam.
Eight years after the phase-in schedule for the relevant WTO commitments, Vietnam is, for the first time, setting forth a legal framework for foreign invested enterprises to trade in pharmaceuticals and pharmaceutical ingredients to fulfill its WTO commitments.
Some travel firms have expressed disappointment about the latest draft version of the amended Tourism Law, which removes the regulation on allowing foreign-invested enterprises to organize outbound tours.
Many foreign-invested projects in Vietnam have been operating with capital borrowed from Vietnamese banks.
An increasing number of foreign companies are expanding research and development (R&D) activities in Vietnam.
Vietnamese retailers have been reassured that the regulation on ENT (economic needs test) would serve as a barrier that prevents foreign retailers from expanding in Vietnam and protecting local retailers. However, analysts don’t think this will work.
There are 40 state financial funds established to support Vietnamese enterprises to develop its production. However, most private businesses say they cannot receive any support from the state.
Vietnamese textile & garment companies won’t directly benefit from the US$1 billion worth of tax from sales to the US once the Trans Pacific Partnership Agreement (TPP) takes effect, officials have affirmed.
Economists have warned that the foreign-invested economic sector may become dominant in the national economy.
Experts said that Vietnam can take full advantage of Japanese auto manufacturers’ support and Vietnamese businesses could, as a result, become second-class car part suppliers to Toyota and other foreign-invested enterprises (FIEs).
Foreign invested enterprises (FIEs) account for less than 25 percent of total number of footwear enterprises, but make up 77% of total export value.
Citing local production protection, the Ministry of Finance (MOF) wants to ease the import tariffs on automobile parts. However, the move could 'fatten’ foreign invested enterprises (FIEs) only, while local manufacturers will not see benefits.
Attracting high technology from foreign firms is still far from a reality in Vietnam, much to the bane of local enterprises.