The Vietnam International Food Industry Exhibition 2019 (Vietnam Foodexpo 2019) opened at Saigon Exhibition and Convention Centre in Ho Chi Minh City on November 13, drawing the participation of more than 450 domestic and foreign enterprises from 23 countries and territories worldwide.
The collection of tax from cross-border services, or services provided by foreign firms via internet to users in Vietnam, is included in the amended Tax Management Tax, expected to take effect in early 2020.
Foreign firms leaving China for Vietnam are looking for qualified staff as they seek to expand in their new low-cost market.
A Vietnam trade promotion area was inaugurated at the Greenland Global Commodity Trading Hub in Shanghai, China on November 13.
Vietnam has always and will continue to consider foreign-invested enterprises as part of its economy, Deputy Prime Minister Vuong Dinh Hue told head of SME Business Switzerland at Credit Suisse Andreas Gerber during a reception in Hanoi on November 5.
Yokowo and Zhejiang Hailide New Material’s plan to relocate their factories from China to Vietnam shows that Vietnam will be one of the leading destinations for investors operating in China due to the impact of the US-China trade war.
Foreign manufacturers are shifting focus to the Vietnamese medical equipment market, which promises strong growth and harbours unexploited potential.
Vietnam has emerged in SE Asia as an important energy, natural oil and gas producer. Ranked fifth in the region in oil & gas production and oil reserves, Vietnam has discovered 100 potential oil fields with estimated total reserves of 643 million tons of oil and 644 billion cubic meters of gas.
Facebook and Google will have to install servers in Vietnam from January 1, 2019 as the Law on Cybersecurity comes into effect.
The robust economic development and improved living standards have turned Vietnam into one of the most promising markets for food and beverage consumption in the region.
The animal feed industry of Vietnam, despite being among the world’s fastest-growing by scale and output, is dominated by foreign firms while local producers are struggling to compete.
Foreign companies are increasingly jockeying for position in Vietnam’s promising online retail market by pouring capital into local companies.
More than 5,000 administrative procedures as well as business conditions and specialised inspection procedures have been removed to facilitate European small and medium enterprises’ operation in Vietnam, said Minister, Chairman of the Government’s Office Mai Tien Dung.
Although Vietnam is the world’s 12th largest exporter of electronics and the third largest in ASEAN since 2015, up to 95 percent of the country’s electronics output comes from foreign-owned enterprises instead of domestic ones, the Central Institute for Economic Management (CIEM) has announced.
The gap has narrowed since last year, but it's still wide enough to make a huge difference.
Consumer lending in Vietnam has prospered in recent years thanks, in large part, to the lending expertise of foreign firms, which has helped to propel the sector closer to its full potential.
Online retail is expected to continue increasing, as domestic and foreign retail companies are planning to invest heavily in this field.
In commemoration of Liberation Day on April 30, VIR spoke with leaders of foreign firms in Vietnam about Ho Chi Minh City’s 42-year development, and its attractiveness to foreign investment as the country’s regional economic and financial hub.
Foreign investors in Vietnam show an increased level of knowledge and responsibility in respect of environment protection, according to a high-profile survey.
Local cement producers worry that their exported products could struggle to compete with foreign firms in term of price, a concern voiced at an online forum held in Hanoi on February 22.