Economy and commerce
Attracting FDI: New regulations, new face
The strategy to attract FDI from now to 2030 with new points is attracting special attention of investors.Keep reading ...
The government improves institutions, people's incomes will increase
For the first time, a scientific study showed a close relationship between the provincial competitiveness index (PCI) and the income of workers in Vietnam.Continue reading ...
Government issues new resolution on improving national competitiveness
The Government on January 1 issued a resolution setting targets for improving the business environment and national competitiveness for 2019 through to 2021. The resolution, No 02/NQ-CP, replaced Resolution 19 which has been implemented for five years. The renumbering of the resolution demonstrated the Government’s priority ...
Southeast Asian IPO proceeds fall by a third in 2018 amid trade war
Proceeds from Southeast Asia’s initial public offerings plunged 34% on the year in 2018, the first decline in two years, as Sino-American trade tensions depressed investor sentiment. But even as Southeast Asian listings lost steam, the region’s fastest-growing economy of Vietnam increased its IPO market presence ...
CPTPP trade deal officially takes effect
The 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force on December 30, creating a free trade area covering more than a tenth of the global economy.The CPTPP will cut tariffs on agricultural and industrial products, ease investment regulations and enhance protection ...
Vietnam’s exports more sophisticated: WB
Vietnam’s exports have become more sophisticated with an impressive diversification of exports and increases in higher-value manufacturing exports, according to a recent World Bank report.The report found that manufacturing exports now accounted for about 85 per cent of total exports, up from 65 per cent in ...
Nearly 100 new procedures facilitate National Single Window in 2018
There are 145 administrative procedures by relevant ministries and agencies which have been connected to the National Single Window (NSW), according to the latest data from the General Department of Vietnam Customs.Notably, the number of such procedures in 2018 was up to 98, while from ...
Vietnam labor costs highest among ASEAN comparators
In a report on enhancing enterprise competitiveness and enhancing small and medium-sized enterprise (SME) linkages, it says Vietnam’s labor costs are higher than in comparable Southeast Asian peers. It defines labor costs for each firm as the cost of all payments to all workers divided by the ...
Hanoi to host 2019 Future of Finance Vietnam
The Future of Finance Vietnam forum, which seeks to nudge the financial sector into adopting digital technology, will take place on January 10.The organizer, The Asian Banker, said the event, with the theme “Unlocking the potential in Vietnam’s Digital Economy”, would look at the financial ecosystem being ...
Vietnam is Asia’s hottest investment destination—Forbes
An article published by US magazine Forbes named Vietnam the hottest investment destination in Asia. According to the article, Vietnam attracted US$17 billion in FDI commitments last year, arguably the largest for an emerging market relative to its $250 billion GDP. In the first quarter of 2018, ...
