Category: New & Updates
Hanoi has turned out to be the second ranked city in Vietnam in terms of FDI with 36 recent proposals for MoU this month
The United Kingdom has recently held a webinar highlighting Vietnam’s investment opportunities after the success in fighting the 2020 pandemic.
With the current new EVFTA, Vietnam’s investment potential will be boosted further, attracting even more investors and manufacturers from other countries, especially China.
Being one of the top countries in terms of economic growth rate, Vietnam has become the most favorable place for foreign investment and business expansion. According to Australian Chamber of Commerce, Vietnam is the newest high priority country in Asia economic diplomacy of the Kanguru Nation.
What is up with Vietnam? It has one of the fastest economic growth rates the world. It succeeded in containing 2 big outbreaks in 2003 and this year. And now it has become the best stock market performer in Asia?
Since April 2018 to August 2019, There were 56 manufacture businesses left China and moved to other country in Asia. Most of them chose Vietnam. In the worry that Indonesia, which only had 2 manufacturers moved in, would fall behind, Ambassador of the Republic of Indonesia to Vietnam, Ibnu Hadi proposed that the “country of thousand islands” needs to accelerate its trade cooperation and expand the market in order to attract more investors and manufacturers
October was a challenging month for the US dollar. The vulnerabilities of the US economy became more apparent, forcing the Federal Reserve to take further action to insure against a deeper slide in growth. The greenback lost value against all of
About 80-90% of world trade today relies on trade finance. It is one of the most reliable forms of financing with less than 1% of transactions facing default. Despite this, the global trade finance gap was estimated at US$ 1.6 trillion in 2016. For Asian developing economies alone, the estimated shortage is US$ 692 billion.
One of the important decisions taken in the 37th GST Council meeting held on September 20, 2019 was that GST will not apply to intermediaries dealing with certain kinds of international transactions.