Thanks to business environment improvements, Vietnam continues to top APEC economies for increases in cross-border investment, realising an upward trend of confidence in the future long-term sustainable development of the country. Vietnam among APEC’s best in foreign investment, source: twitter.com/apec_ceosummit PwC, the world’s leading provider of advisory, tax, and legal services, said in an APEC CEO survey released last week that Vietnam tops cross-border investment among the 21 member economies, with a net 46 per cent of respondents planning to increase investments over the next 12 months. Vietnam even ranks higher than attracting regional destinations like China (45 per cent) and Thailand (39 per cent), thus marking it the second consecutive year of Vietnam achieving the top ranking. Figure 1: Top APEC economies to receive increased cross border investment over the next 12 months (net increase) (Source: PwC’s APEC CEO Survey 2018) … [Read more...] about Vietnam among APEC’s best in foreign investment
Foreign investment advisory service
Big foreign investments forecast for Vietnam in 2018
The Hanoitimes - Free trade agreements, high economic growth and low labor costs will continuously help Vietnam lure big FDI in the remaining months of the year after reporting a whopping US$22.94 billion in the first seven months of the year. Many investors from various countries, especially Japan, Korea and Singapore, have so far also expected to increase their investments in Vietnam. Foreign investors are strongly pouring in Vietnam’s garment-textile industry A recent study of Hong Kong and Shanghai Banking Corporation Limited (HSBC) showed that overall investment into ASEAN in the future is expected to rise amongst Singapore-based companies ,with Vietnam to be a key beneficiary. According to the study, which sought the insights of 1,036 Singapore-based companies into their interest in overseas expansion, Vietnam’s growing consumer market and overall investment climate are driving the expansion plans of Singaporean investors, who were Vietnam’s third largest … [Read more...] about Big foreign investments forecast for Vietnam in 2018
Demand for legal advisory services forecast to grow this year
Demand for legal advisory services forecast to grow this year Quang Chung By Quang Chung - The Saigon Times Daily HCMC – Demand for legal advisory services is expected to go up this year, supported by higher economic growth and the free trade agreements (FTA) Vietnam has signed and will sign with partners. Le Thanh Kinh, head of Le Nguyen law office, said more enterprises in the banking, manufacturing and service sectors have come to his office to seek advice on labor issues. Kinh described the upsurge in the number of companies seeking legal advice on labor issues as an interesting phenomenon. Kinh reasoned that Vietnam’s further international integration has forced firms to improve their competitiveness, so they need to fire ineffective staff and recruit qualified employees. That is why they seek advice on labor regulations in Vietnam. Vietnam has struck FTAs with other ASEAN countries, Australia and New Zealand; the Eurasia Economic Union (EAEU) and is expected to … [Read more...] about Demand for legal advisory services forecast to grow this year
PM okays a number of foreign-funded projects
The Prime Minister on June 10 gave the nod to implementation of a number of foreign-funded projects. The PM has permitted the Ministry of Agriculture and Rural Development to take part in the second phase of a technical assistance project to increase its preparedness in emergency cases to cope with the highly pathogenic avian influenza (HPAI). Vietnam was among five Asian nations that have benefited from the project funded by the Food and Agriculture Organisation of the United Nations (FAO). The other four include Cambodia, Laos, Mongolia and China. The PM also approved a technical assistance project to finalise the legal framework and the security transactions registration system in Vietnam. The project will be carried out with a non-refundable aid of 515,000 USD jointly provided by the World Bank (WB) and the Mekong Private Sector Development Facility (MPDF) and the Foreign Investment Advisory Service (FIAS) of the International Financial Corporation (IFC). The PM also okayed the … [Read more...] about PM okays a number of foreign-funded projects
Japanese businesses feel confident to invest in Vietnam: JBAV President
Q: Among the 115 countries and territories with investment projects in Vietnam, Japan is the largest investor with a registered capital of up to US$9.11 billion, accounting for 25.4% of the total foreign investment in Vietnam in 2017. What drove Japanese companies to pour so much capital into Vietnam? A: We are happy to see that the Vietnamese Government pays adequate attention to improving the business climate and creating favourable conditions for Japanese firms to do business in the country. That facilitation has been carried out right from the basic initial steps through to the implementation of specific plans. Especially, during a working session between Vietnam’s Advisory Council for Administrative Procedure Reform and Japanese businesses, many representatives of our firms had the chance to openly and frankly discuss business with the leaders of Vietnam’s functional agencies. In addition, we also feel assured because of the firm commitments, from words to actions, … [Read more...] about Japanese businesses feel confident to invest in Vietnam: JBAV President