Amid the Covid-19 pandemic, the global investment flow is likely to contract by 40% in 2020, but in Vietnam, newly registered capital has risen 6.6% and the number of new FDI projects inched up over 22% during the pandemic, Do Nhat Hoang, head of the ministry’s Foreign Investment Agency (FIA), said while addressing a dialogue on FDI attraction held today, September 4. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
Best million dollar investment
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10
A report released by the MoIT shows that during the first eight months of the year, the local garment and textile industry contributed approximately US$22 billion to the country's overall export turnover, despite recording declines of more than 11% compared to the same period last year. Indeed, resurgence of novel coronavirus outbreaks globally has also caused more difficulties for Vietnamese textile and garment production, along with exports. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10
Auto industry steers strategy towards wider supply chains
According to the European Chamber of Commerce in Vietnam, foreign-invested companies in the automobile sector should be allowed to undertake transshipment without restrictions. Transshipment should continue to be allowed from the customs entry point so that vehicles arriving to Vietnam by boat should be allowed to transship by truck or boat to their final destination. Multimodal transport to transship or export to landlocked Laos or Cambodia by truck or boat should also be allowed with no restriction. … [Read more...] about Auto industry steers strategy towards wider supply chains
