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Update news vietnam economy
A workshop on the role of intellectual property (IP) in promoting socio-economic development was jointly held by the Ministry of Science and Technology and the World Intellectual Property Organization (WIPO) in Hanoi on May 9.
The rising demand for healthcare has made Vietnam a promising destination for domestic and foreign investors.
The HCMC government’s proposal on excise taxes for mobile phones, cameras, perfumes and cosmetics goes against the city’s development plan and is likely unfeasible in the current context, according to some experts.
After a tough 12 months, with Vietnamese pharmaceutical giants continuing to report poor business performance in the first quarter of 2019, new solutions are being sought to hold firm amid increasingly mounting competition from international rivals.
The ministers of Finance and of Planning and Investment have expressed concern over the increasingly complicated developments of transfer pricing among enterprises receiving FDI, the local media reported.
An international deepwater container port was put into operation at Nghi Son International Port in the north central province of Thanh Hoa on Wednesday.
Vietnam has great potential for the export of ornamental plants and animals thanks to its diverse and favourable natural conditions, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
With certain advantages, convenience stores have been an increasingly popular shopping destination for customers, and they have also become a choice for domestic retailers to compete with foreign rivals.
In the first four months of this year, the merger and acquisition scene has been active with the participation of both domestic and international investors.
With a series of billion-dollar foreign-invested projects in the pipeline, Vietnam is expected to attain a new record in foreign direct investment attraction this year.
Over 350 foreign investors were granted securities trading codes in April, bringing the total number of foreign investors able to participate in the Viet Nam’s securities market to nearly 30,240, according to the Vietnam Securities Depository.
Along with developing the domestic market, the Vietnam Dairy Products Joint Stock Company (Vinamilk) has expanded the consumption of its products to other countries.
Limited products in Vietnam’s stock market have left foreign investors with few options for investment, in spite of their strong interest, according to Le Anh Tuan, deputy CIO and head of research at fund manager Dragon Capital.
Despite signs of slowing down, Vietnam’s GDP growth remains on track to reach 6.78% in 2019, which is in line with the target of 6.6 – 6.8% set by the National Assembly, said Minister of Planning and Investment Nguyen Chi Dung.
The country’s big potential in IT and large smartphone penetration are the key enablers for Vietnam to develop its digital economy.
The State Bank of Viet Nam (SBV) net injected more than VND5.51 trillion (US$236.69 million) into the market last week to support the liquidity of the banking system.
In an aim to attract more investment for much-needed infrastructure, HCM City is touting its efforts to become a digital- and knowledge-based economy with a highly skilled workforce.
Starting from June 1, Viet Nam could export only verified legal timber products to the EU markets as the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA/FLECT) would officially enter into force.
As organisations and consumers increasingly interact over digital channels, both parties must find ways to establish mutual trust, British consumer credit reporting company Experian has said in a new report.