The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
Foreign direct investment fdi
The monthly headline consumer price index (CPI) was flat in May, bringing the year-on-year inflation rate to only 2.4%, down from 2.9% in April and 6.4% in January 2020. Lower prices are mainly associated to the softening of the domestic demand for food and the record low oil price on international markets that was transmitted to domestic fuel and gasoline prices. … [Read more...] about Vietnam sees a slight economic rebound, says World Bank
As far as the types of enterprises are concerned, non-state enterprises accounted for 96% of the total number of businesses. Yet the ratio of gross profits to capital was the lowest, up an average of only 0.4 percentage point during the 2016-2018 period versus the 2011-2015 period. In contrast, FDI enterprises posted the highest rate of return, and this rate tended to be higher because of their better management, easier access to bank loans, availability of more incentives, and less impact caused by petty corruption than their local peers. … [Read more...] about Vietnamese enterprises: The evidence of inefficiency