Permit for foreign experts working in china

Hanoi (VNS/VNA) - Local investors are concerned with recent increases in net selling by foreign traders, fearing a capital flight, but experts have tried to calm the market with positive recommendations. Vietnam's stock market suffered the biggest monthly fall in the world in April, with the VN-Index on the HCM Stock Exchange losing 12.2 percent and the HNX-Index on the Hanoi Stock Exchange sliding 9.4 percent. The market has moved within a narrow range in early sessions in May. Alongside slumps of large-cap stocks, especially in the banking, securities and real estate sectors due to heavy profit-taking pressure (the benchmark VN-Index hit the all-time record high of nearly 1,200 points on April 6), a long net selling streak by foreign investors negatively affected the market. On the main bourse in HCM City, foreign traders were net buyers of total 1.6 trillion VND (70.6 million USD) in April, but if excluding the unexpected net buy value of over 3.1 trillion VND on April 20, … [Read more...] about Net sells by foreign investors not a worry: analysts

During the phone conversation, Deputy FM Son affirmed the Vietnamese Government’s top priority given to epidemic prevention and control, saying that Vietnam has initially developed a standard treatment regime for infected patients. A range of measures Vietnam has been applying such as entry suspension for foreign nationals, social distancing, concentrated or self-quarantine, a halt to business activities and throngs of people such as bar clubs and restaurants, Son said. Prime Minister Nguyen Xuan Phuc’s attendance at the G20 leaders’ video conference in the capacity as ASEAN Chair 2020 has shown ASEAN and Vietnam’s responsibility and contributions to the international community’s combined efforts against the pandemic. Vietnam is working hand in hand with ASEAN member states to promote the regional bloc’s preparedness and responsiveness in the fight, he said. Son also suggested maintaining aviation transportation at a minimum to satisfy the demand … [Read more...] about Deputy FM, foreign diplomats update COVID-19 situation

The US’ New York Times posted an article on March 27 saying: “Even though Vietnam is one of Southeast Asia's poorer countries, its efforts against the virus, praised at home, have ensured its tally of infections is lower than those in many of its neighbours.” … [Read more...] about Foreign press hails Vietnam’s efforts in COVID-19 fight

My wife’s hotel is now closed for the next few months, while her sister’s is the same ownership group. All of these enterprises had considerable financial backing; I can’t imagine that ventures which were getting by month-to-month won’t be back when the dust settles. And this isn’t a Vietnam issue, by any stretch. … [Read more...] about Staying put in Vietnam the safe choice for many foreigners

Hanoi (VNA) – Vietnam invested 49.3 million USD abroad in the first three months of 2020, with the US being the biggest recipient. During the period, the country secured investment certificates for 27 projects worth 22.9 million USD, while six others were permitted to add 26.4 million USD. Accommodation and food services attracted 14.7 million USD, accounting for 29.9 percent of the total investment by Vietnamese firms. They were followed by scientific and technological activities (12 million USD, 24.4 percent) and processing – manufacturing (9 million USD, 18.3 percent). The US was the top recipient of Vietnamese capital in the first quarter with 20.1 million USD, or 40.8 percent of the total. Singapore ranked second with 12.8 million USD, accounting for 26 percent, and Cambodia stood third with 9.5 million USD, making up 19.3 percent. Meanwhile, Vietnam granted investment licenses to 758 new projects worth 5.5 billion USD between January and March, up nearly 45 … [Read more...] about US attracts most Vietnamese investment in three months