A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Viet Nam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital.
Administrative procedure reform is the key to unlocking the full potential of the Europe-Viet Nam Free Trade Agreement (EVFTA), said participants at a conference on Tuesday.
Vietnamese firms need to improve product quality and study market trends and consumer tastes in Southeast Asian countries as well as take part in trade promotion programmes there to promote exports, industry insiders have said.
Ha Noi must have transformed itself into one of the political, economic and cultural centres in East Asia by 2045, when Viet Nam becomes a developed country, Prime Minister Nguyen Xuan Phuc has said.
Foreign countries tightening import regulations would affect Viet Nam's exports of farming products, especially fruits, forcing the local agricultural industry to reorganise production, according to experts.
Numerous suggestions for strengthening the competitiveness of industrial parks and developing model industrial parks in the southern province of Ba Ria-Vung Tau were discussed at a seminar held yesterday in the province.
It is critical for Viet Nam to focus on removing inconsistencies and overlaps in business regulations to create a favourable climate for enterprises, attendees heard at a conference held by the Viet Nam Chamber of Commerce and Industry (VCCI) on Wednesday in Ha Noi.
If Viet Nam legalises sports betting, billions of dollars could be recouped for the country and help boost tourism post-COVID-19.
The Government should build a retail power price for industrial production firms equal to households and adjust the electricity tariff to suit people’s living standards, experts have said.
The Ministry of Construction’s proposal to allow foreigners to buy tourism property developments in Viet Nam needs careful consideration, experts have said.