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
Vietnam india trade
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
Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
The similarity between the first Covid-19 wave and this time is that the domestic cash flow remains abundant. Indeed, when businesses and people were still reluctant to invest and expand businesses, the pandemic has returned. This makes the ability to absorb credit which is already weak (only rising by 3.26% after six months) will even be more limited, asserted VDSC. … [Read more...] about Vietnam stock market predicted to be resilient amid Covid-19 resurgence
Deputy Minister of Industry and Trade Hoang Quoc Vuong said that Vietnam had a fast speed of development of rooftop solar power system and partly met the demand for electricity consumption. However, new investment projects are facing many difficulties and problems in fact. According to the Ministry of Industry and Trade's policy, new projects are allowed to connect with the system in areas with possibly releasing capacity. The ministry will continue creating favorable investment conditions for projects following the Decision No. 13/2020/QĐ-TTg of the Prime Minister. … [Read more...] about Vietnam has 42,187 rooftop solar power projects