Vietnam earned a trade surplus of US$9.01 billion in the January-October period this year, the highest ever, up 23% year-on-year due to the strong export of phones, computers and textiles, according to data from the General Department of Customs.
Over 100 businesses from Viet Nam and Indonesia on Thursday met at a seminar in Jakarta, Indonesia to seek co-operation in the fields of trade, industry and investment.
A number of National Assembly (NA) deputies agreed household businesses should be subject to the amended Law on Enterprises on Friday.
After more than 30 years of adopting an open investment policy, Vietnam has become one of the most successful countries in the region in garnering overseas funding. Brian Spence, co-founder of investment consultancy S&P Investments, explains why foreign capital is increasingly attracted to Vietnam’s burgeoning charms, taking in the key drivers for the country’s meteoric ascent as well as some of the sectors that canny investors should keep an eye on.
With a surge of domestic private enterprises spurred on by a more business-friendly climate, the government is vehemently pushing up administrative reforms in favour of investors and businesses, which can enable the economy to grow beyond its initial target.
Enterprises can save at least VND2 million per container and hours of waiting if they complete customs procedures at wharfs, improving overall efficiency for the customs department and firms alike.
The National Assembly (NA) today, November 14, passed a resolution on the State budget allocation for next year, with an approval ratio of 90.48%.
Investors from Fujian, China have expressed interest in investing in Cambodia, especially in Preah Sihanouk province, as the two countries’ trade volume steadily increases.
Vietnam’s e-commerce platforms say both traffic and sales surged multiple times on Singles’ Day, a major promotional event, which fell on November 11.
Combatting corruption was a big challenge for small and medium-sized enterprises in many countries, especially in Viet Nam where 98-99 per cent of enterprises fell into that bracket, said Vu Tien Loc, president of Viet Nam Chamber of Commerce and Industry (VCCI), at a workshop in Ha Noi on Wednesday.