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Update news FDI
VietNamNet Bridge - No legal document specifying which technologies can or cannot not be imported to Vietnam exists. This ambiguity has hindered Vietnam from ‘filtering’ projects that could cause pollution.
VietNamNet Bridge - Many US financial institutions, from banks, auditing firms to investment funds and real estate firms, are present in Vietnam. However, insurance companies are the best-known names.
VietNamNet Bridge - The government must tighten environmental management in order to avoid environmental disasters, experts have urged.
Many free trade agreements (FTAs) and comprehensive partnership agreements have taken effect in the country. However, Vietnamese products bearing Vietnamese brands still find it difficult to conquer the world market.
VietNamNet Bridge - Economists have been cautious when asked whether Obama’s visit would give a push to Vietnam’s economic development, but have said it would help Vietnamese products penetrate the US market.
VietNamNet Bridge - Economists have called on the government to be cautious when licensing foreign direct investment (FDI) projects, emphasizing that Vietnam should not attract FDI at any cost.
VietNamNet Bridge - “Vietnam has 64 independent economies, including 63 local economies and one central economy,” commented Tran Dinh Thien, head of the Vietnam Economics Institute.
Nguyen Thi Kim Ngan, who took office as the new Chair of the National Assembly, has admitted the failure of the plan on developing Vietnam into an industrialized country which marches towards modernization.
VietNamNet Bridge - Holding important positions and huge amounts of shares, many businessmen have received salaries and bonuses of hundreds of billions of dong for 2015.
VietNamNet Bridge - A lot of Vietnamese businessmen nurture plans to ‘do big business’. Some of them have succeeded, while others have tasted failure, but they do not give up, still awaiting new opportunities.
VietNamNet Bridge - Exporting laborers must not be seen as a long term solution to the economy, experts have recommended.
VietNamNet Bridge - Economists have voiced their concern about the new bank deposit interest rate war, saying this would affect the national economy recovery.
VietNamNet Bridge - National Assembly deputies, when consulted by the Finance & Budget Committee about the luxury tax law amendment, have proposed to lower the tax on cars.
Many Vietnamese businessmen have the asset value estimated in 10 digits and they all could be the second Vietnamese dollar billionaire. The first one, internationally recognized, is Pham Nhat Vuong, president of Vingroup, a real estate developer.
VietNamNet Bridge - International investment funds are preparing billions of dollars to hunt for land in Thu Thiem area in HCM City to develop long-term real estate projects. The average land price is $3,000 per square meter.
VietNamNet Bridge - Convenience store chains which have been expanded in Vietnam will serve as the important channel for Japanese manufacturers.
The US economic presence in Vietnam has been increasing steadily since the normalization of Vietnam-US relations since the 1990s. Russia, which was once the largest trade partner of Vietnam, has also returned.
VietNamNet Bridge - Many manufacturing enterprises have lost their brands and the market, becoming outsourced workshops for retailers.
VietNamNet Bridge - A number of famous Vietnamese-born engineers have received their education from MIT (Massachuset Institute of Technology).
VietNamNet Bridge - Opinions vary about the rice supply in the context of the serious drought and saline intrusion in the Mekong River Delta, the rice granary of Vietnam.