Trade Exports In the first six months of 2018, exports turnover reached US$3.9 billion, up 25.34 percent over the same period in 2017. The domestic sector accounted for US$964.3 million, which grew by 19.36 percent, while the FDI sector grew by 27.43 percent to US$2.95 billion. Plastics, textiles and garments, footwear, electronics products, and electric […]
FDI in the first six months of 2018, which included new and additionally registered capital, capital contribution, and share purchases, reached US$20.33 billion, growing by 5.7 percent compared to H1-2017. FDI disbursed stood at US$8.37 billion, up 8.4 percent. Investment certificates were granted to 1,366 newly registered projects with total investments of US$11.8 billion, down 0.3 […]
Hai Phong, the northern port city, is among the favorite destinations for foreign and domestic investors. Situated about 100 km from the capital, Hanoi, Hai Phong is one of the five centrally governed cities of Vietnam. With its huge infrastructure investments, port access, and proximity to export markets, the city is one of the major manufacturing and […]
Vietnam’s economy expanded by 7.08 percent in the first six months of 2018, the highest in eight years, primarily driven by the growth in services and industry-construction sectors. In addition, exports and foreign direct investment (FDI) also witnessed higher growth in the first half of 2018 (H1), compared to the same period last year. In spite […]
Vietnam’s economy expanded by 7.08 percent in the first six months of 2018, the highest in eight years, primarily driven by the growth in services and industry-construction sectors. In addition, exports and foreign direct investment (FDI) also witnessed higher growth in the first half of 2018 (H1), compared to the same period last year. In spite […]
Going forward According to Article 2.1 in the FTA, EAEU may apply a trigger safeguard measure for Vietnamese goods in case the import volumes during a calendar year exceeds the trigger level as established in Annex 2 of the agreement. Currently, under this measure, certain products in the textile and garment sector in Vietnam face […]
2017 In 2017, bilateral trade between Vietnam and EAEU grew by 31 percent compared to 2016, to US$3.9 billion. In addition, Vietnam also had a trade surplus of almost US$1 billion with the union. 2018 From January to April 2018, bilateral trade reached US$1.53 billion, growing by 35 percent. Russia continues to remain the major trading […]
To give an overview of these considerations to our readers, we compare the hours required to file taxes, the number of documents required for proper filing, and the international ease of paying tax rankings of each of the 10 ASEAN states, in the figure below. Below, the chart highlights key filing deadlines for those investing […]
Vietnam was the first nation that entered into a free trade agreement with the EAEU. According to the tariff schedule, average Vietnamese duties on EAEU products will drop from 10 percent to one percent, while EAEU’s average will reduce from 9.7 percent to 2 percent by 2025. The free trade agreement which covers more than 90 […]
Businesses are affected not only by tax rates but also by the ease with which taxes are paid in a jurisdiction. Therefore, it is advisable for business and tax payers to consider aspects like time taken to calculate taxes, to file tax returns, and effectiveness of a government’s tax policies in a particular jurisdiction – […]
To view this article on our website ASEAN Briefing, please click here. To download for free our Guide “An Introduction to Doing Business in ASEAN 2017“, please click here. The Association of Southeast Asian Nations (ASEAN) represents a highly integrated economic region when compared to other parts of the world. Yet, in terms […]
To view this and other articles on our website Vietnam Briefing, please click here. To download for free our Guide “An Introduction to Doing Business in Vietnam 2018“, please click here. The growth in foreign direct investment in Vietnam, driven by its strategic location, low wages, and improvement in the business environment, is […]