The Vietnam Association of Foreign Invested Enterprises (VAFIE) has suggested the development of casino services as a means of economic recovery, in a document submitted to the Government.
The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.
The stability of the regulatory system is key to luring foreign investment into Vietnam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said.
VOV.VN - Vietnam now has some US$300 billion in foreign direct investment undisbursed; of which US$200 billion finds itself in a hopeless deadlock, a senior expert has said.
The flow of foreign direct investment (FDI) is seeking a safe haven as the Sino-American trade war has yet to show a sign of ending.
The national conference on 30 years of FDI attraction in Vietnam will take place on Thursday, October 4, 2018 at the National Conference Centre (NCC) in Hanoi.
Very few domestic firms in support industries supply parts for FDI enterprises in the electronics industry, according to Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE).
VOV.VN -The first months of 2018 have seen positive socio-economic signs with the ten-year highest GDP growth of 7.38%, macro-economic stability and controlled inflation, a seminar heard in Hanoi on May 15 on the Vietnamese economy’s outlook for 2018 and to 2020.
Vietnam has very good achievements in foreign direct investment attraction, however, it needs to change its strategy and orientation to focus on the necessary sectors to improve efficiency.
After 25 years, Vietnamese-Korean two-way trade turnover hit $60 billion and is expected to reach US$100 billion by 2020.
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.
Despite eligibility for tax incentives, Vietnamese small and medium enterprises (SMEs) are still exposed to higher tax rates than foreign direct investment (FDI) companies in the country.
Consultants and experts have recommended that Vietnam take measures to prevent foreign-invested projects from using outdated technologies, causing pollution and consuming national resources.
Experts believe that existing steel mills, plus the Formosa mega steel complex, are ‘more than enough’ for Vietnam.
Hoa Sen Group (HSG)’s $10.6-billion industrial zone, steel manufacturing and port complex set to be built in the central province of Ninh Thuan will have to comply with more stringent rules than Taiwanese company Formosa’s complex in Ha Tinh.
The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17% for small and medium sized enterprises (SMEs).
International organisation ActionAid Vietnam recently questioned the annual US$20-million loss of corporate tax income in Vietnam caused by the preferential tax system for foreign-invested enterprises, sparking a discussion on whether the generous treatment of those firms is justifiable.
(VOV) - The formation of the ASEAN Economic Community (AEC) represents a springboard for further development of Vietnam and Thailand economic cooperation and trade relations, offering significant benefit for the two nations’ peoples.
Hundreds of billions of dollars worth of capital have been ‘buried’ under projects registered by foreign investors but have not been implemented.
(VOV) - The Vietnam Association of Foreign Invested Enterprises (VAFIE) in collaboration with Samsung Vietnam held a seminar on July 31 in Hanoi highlighting the importance of developing the nation’s supermarket supply chains.