Textile sector

Mai Linh has now temporarily ceased operations in Da Nang City and Hoi An Town, the country's coronavirus hotspots. Its revenue in these localities and in some other tourist destinations like Nha Trang and Da Lat have dropped by up to 50 percent from earlier. … [Read more...] about Second Covid-19 wave tougher for business: corporate leaders

Mai Linh has now temporarily ceased operations in Da Nang City and Hoi An Town, the country's coronavirus hotspots. Its revenue in these localities and in some other tourist destinations like Nha Trang and Da Lat have dropped by up to 50 percent from earlier. … [Read more...] about Covid-19 makes life more difficult second time around: businesses

Currently, Hanoi city has three PCR test machines, which can test 500-700 samples a day, and up to 2,000 samples if more machines are provided. Hanoi’s medical staff, who have been well trained, can take nearly 12,000 pharyngeal samples per day, said Truong Quang Viet, deputy director of the Hanoi Center for Disease Control (CDC). … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia August 9

Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?

Streamlining regulations applicable to business sectors has a huge potential for triggering these dynamic gains. In many internal studies in the EU, it turned out that the right regulations, based on international standards and practices, will provide benefits to business, and attract international businesses that bring much higher benefits than the obvious gains from the tariff reductions. It is not about deregulating important government policies, but there are many ways to make regulations smarter. Better regulation inside Vietnam will also improve the competiveness of Vietnamese firms operating abroad and expanding to the EU. FDI often follows strong trade relations. In return, more FDI is likely to further increase the trade potential between partners. In its amazing progress to a middle-income country, Vietnam now realises that without further FDI its potential to become a regional hub and become part of global value chains may be limited. With the EVFTA and the EVIPA, … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment