As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam
New business model
The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
COVID-19 figures in Việt Nam on August 9 morningCOVID-19 latest updateFive new COVID-19 cases reported on Saturday morning, three connected to Đà NẵngPM calls for sufficient supply of medical equipment for COVID-19 prevention and treatmentSoldiers work day and night to take care of quarantined people … [Read more...] about Two new cases reported Sunday morning, one in Hà Nội
According to the National Steering Committee on COVID-19 Prevention and Control, the 19 cases (patients 813-831) reported in Đà Nẵng range from seven to 85 years old and include eight people who are direct contacts of confirmed positive cases. … [Read more...] about 29 new COVID-19 cases reported, including a seven-year-old
When entering into force, the EVFTA will bring immediate positive effects for businesses in both Vietnam and Europe. From day one, the cut to tariffs will apply to 65 per cent of the EU exports to Vietnam and 71 per cent of EU imports from Vietnam, with a gradual phasing out over 10 years. The elimination of bilateral tariffs and export taxes, together with the reduction of non-tariff barriers affecting cross-border exchange of goods and services, are expected to boost bilateral trade considerably. The opening of the procurement markets adds important new trading opportunities for the EU. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment