As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam
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The recall covers 2,568 Toyota Vios cars assembled in Vietnam between September 2007 and December 2008, and 145 imported Toyota Corolla cars produced between January 2004 and April 2005, according to a statement submitted by the automaker to the Vietnam Register. … [Read more...] about Toyota Vietnam recalls 2,700 cars over faulty airbags
Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
When entering into force, the EVFTA will bring immediate positive effects for businesses in both Vietnam and Europe. From day one, the cut to tariffs will apply to 65 per cent of the EU exports to Vietnam and 71 per cent of EU imports from Vietnam, with a gradual phasing out over 10 years. The elimination of bilateral tariffs and export taxes, together with the reduction of non-tariff barriers affecting cross-border exchange of goods and services, are expected to boost bilateral trade considerably. The opening of the procurement markets adds important new trading opportunities for the EU. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
While the demand for credit for production activities is limited, the possibility of a surge in real estate roadshows is not high when the government suggests limited crowded events. In this context, the stock market, despite strong fluctuations in recent months, continues to be a potential investment channel. According to Bloomberg statistics, 139 out of 386 stocks have gained year-to-date, in which the stock prices of 83 ticker increased by more than 11% year-to-date. … [Read more...] about Vietnam stock market predicted to be resilient amid Covid-19 resurgence