Despite bringing about positive effects in attracting foreign direct investment (FDI), decentralisation leaves corollaries. In order to secure the national interest in calling for more quality FDI, it's high time to improve this mechanism. … [Read more...] about Decentralisation’s pros and cons
Market economy pros and cons
The Pros And Cons Of Diversification By Nguyen Minh Phong Diversification of investment is becoming a rising trend among business groups in many countries. The trend has both its pros and cons, especially for State-owned conglomerates in Vietnam. Big State-owned business groups have expanded operations to different areas besides their core operations. Vietnam Post and Telecommunications Group (VNPT) has branched out to advertising, real estate trading and office leasing, in addition to their core business of providing telecom and IT products and services. Besides electricity generation, public communications and electrical engineering, Electricity of Vietnam (EVN) has expanded operations to real estate, finance and banking. Vietnam Rubber Group (VRG) has invested in various areas such as mechanical engineering, port operation, transport, construction material production and trading, real estate, hospitality and tourism. The diversification of investment by business groups and … [Read more...] about The Pros And Cons Of Diversification
More and more Vietnamese businesses want to be listed on the US stock exchange, but not all of them are qualified to join this “hard-to-please” market. Yet, the Vietnam Construction and Investment Joint Stock Company, Cavico, has become the first to venture in that arena. Although Cavico’s success is expected to pave the way for others to follow suit, barriers ranging from a huge difference between two economies to the strictness of American laws have remained as a tough challenge for any enterprises who want to join this arena. So, is it difficult or easy to be listed in the US stock echange? Mr Henry D.Fahman, CEO of Providentical Holdings, Inc – the US’s media group, who has made a great contribution to the success of Cavico, shared his experience: Could you talk about the benefits for businesses listed on the US stock exchange? With its enormous capital volume, the US market has good liquidity. In addition, being listed in the exchange is itself a … [Read more...] about How to be listed in US stock market?
During its one-month sitting, which began in Hanoi on May 6, the National Assembly is expected to adopt 11 bills, consider seven others, evaluate the Government’s socio-economic performance and adjust growth targets for the remaining months of the year. Legislators will debate reports submitted by the Government, the Chief Judge of the Supreme People’s Court and the director of the Supreme People’s Procuracy on how they are progressing with their responsibilities. They will also spend time questioning Cabinet members on issues of voter concern. They will also discuss the Government’s plan to adjust Hanoi’s administrative boundaries and several other neighbouring provinces, and a pilot scheme to allow foreigners to buy houses in Vietnam. In his opening speech, NA Chairman Nguyen Phu Trong stressed that the session is taking place at a crucial time when the Government, ministries, localities and businesses are working hard to minimise the adverse impacts … [Read more...] about NA deputies discuss growth targets and solutions
For the past 30 years since the Law on Foreign Investment took effect, Vietnam has attracted 24,580 foreign direct investment (FDI) projects with a total registered capital of US$316.91 billion. A recent report showed that FDI companies have played an increasingly important part in Vietnam’s economic development for the past 30 years. Foreign-invested companies account for over 70 per cent of the country’s export value and over 50 per cent of industrial production value. FDI - integral and important part in Vietnam economic development The FDI sector has invested in 19 out of 21 sectors and operated in 63 provinces and cities across the country. Investors from 128 countries and territories have invested in Vietnam. Over the past 30 years, FDI has brought positive values to the economy. Its contributions are expressed with very specific figures such as tax value. It paid US$5.43 billion in 2014, US$5.8 billion in 2015 (up 6.8 per cent) and US$7.1 billion in 2016 (up … [Read more...] about Vietnam Investment and Business Environment: Open, Transparent in Line with World Standards