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On September 6, 2019, Circular 6 regarding foreign exchange regulations in foreign investments was made effective by the government of Vietnam. Under this new law, both the foreign investor’s direct (FDI) and indirect investment transactions in Vietnam are permitted only when the investor opens an investment capital account with a registered bank that is allowed …
Vietnamese cities such as Hanoi and Ho Chi Minh City are recently considered top destinations for foreign direct investment. According to Forbes, Vietnam hit a record of US$17.5 billion in foreign direct investment (FDI) in 2017. Hanoi, Vietnam’s capital city, has also attracted more than US$5.3 billion) in FDI (approximately 38.4% of the country’s total …
In July 2018, President Donald Trump of the United States claimed China’s unfair trade practices and started imposing shocking tariffs on China imports. So far, tariffs incur on Chinese products have reached a whopping US$250 billion. To retaliate, China has also set about US$10 billion on US goods as well. Many trade experts stated that …
As one of the fastest-growing economies in the world and the third largest market in Southeast Asia, Vietnam had a foreign direct investment of US$17.5 billion in 2017 alone. The growth momentum of FDI continues until the present day, making the country a hotspot for foreign entrepreneurs and investors. This article compiles a list of …
Vietnam has recently started to attract the attention of investors from all over the world – thanks to its location in the heart of Southeast Asia, ever-evolving urbanisation, stable growth rate, continual innovation, socio-economic ambitions and greater economic integration. With the mission to become a developed nation in 2020, Vietnam has also become one of …
With diverse culture and rich history, up-and-coming cities, mountainous areas, amazing beaches, and over 3,000 kilometers of coastline in a strategic location, tourism and hospitality industry in Vietnam has always been an attractive sector for investors in recent years. With approximately 15.5 million international tourists arriving in Vietnam in 2018, Vietnam has surfaced as a …
Vietnam carries numerous traits of a tempting investment haven with its strong organic growth, surging middle population, and attractive labour costs. It is even more apparent that there will be a tremendous trade expansion after the signing of the EU Free Trade Agreement and the Trans Pacific Partnership – ready to fuel Vietnam’s economic growth …