Asanzo only assembles products instead of manufacturing them, because the added value created after assembling accounts for just 1 – 2% of the total cost of a product, while accessories and components imported from abroad make up the rest.

Currently, Vietnamese aluminum exported to the US is subject to 15% import tariff, while similar Chinese products are applicable to a tax rate of up to 374%.

Vietnam has witnessed strong growth in the aviation industry over the past five years, with the number of air passengers increasing threefold and its airline fleet doubling. 

Agro-forestry-aquatic exports hit over US$33 billion in ten months

The EU has a strong financial services market and the EVFTA will have a significant impact on the Vietnamese economy and finance market.

Vietnam attracted US$29.11 billion in foreign direct investment (FDI) in the first ten months of 2019, up 4.3 per cent over the same period last year, the Ministry of Planning and Investment’s Foreign Investment Agency said on Monday.

Vietnam’s public debt will fall to 56.1% of GDP by the end of 2019 from 58.4% last year, according to the Government’s latest report.

The country’s feed-in tariff has supported a boom for Vietnam’s solar sector, but now the Ministry of Industry and Trade proposes a rate reduction in order avoid solar projects becoming a victim of their own success.

The Politburo recently issued a resolution paving the way for favourable conditions to attract and choose high-quality foreign direct investment into Vietnam. 

Elements are converging to make Vietnam a potential smart lighting market as light-emitting diodes (LED) are replacing traditional light appliances.

Although having import licenses in hands, the road for multi-national corporations to trade drugs in Vietnam remains tough because of legal limitations.

Global Fashion Co. Ltd., owner of the brand Vascara, has sold most of its shares to a Japanese partner. 

Vietnam has made it among the 45 largest economies on the globe thanks to tremendous achievements in socio-economic development.

Despite a range of improvements, the latest draft amendments to the Law on Investment 2014 retains several concerns among both domestic and overseas investors, who are urging for further changes ahead. 

In-house Lawyers Congress 2019 to open in Hanoi in November

In the context of many nations developing their international financial centres, Vietnam may also begin to follow suit.  

The national flag carrier Vietnam Airlines opened a new route linking HCM City and Bali, Indonesia via Tan Son Nhat and Ngurah Rai airports on Sunday.

Peer-to-peer lending fills a critical gap in Vietnam's financial landscape but full regulation is lacking.

Vietnam is swiftly developing its digital economy and infrastructure in order to proceed with the digital transformation of the country. 

The Vietnamese government is on the way to remove roadblocks for foreign-invested enterprises to raise public capital on local bourses, in a signal to attract more overseas attention.