The ASEAN Comprehensive Investment Agreement (ACIA) is an agreement among ASEAN nations to build a fair and transparent investment regime in ASEAN, presenting the region as a single investment destination for both ASEAN investors and foreign investors. The agreement came into effect on March 29, 2012, focusing on four pillars : Enhancing liberalization in trade; Increasing protection […]
As we have been informing, on November 2020 the president of the United Mexican States (“Mexico”) presented before Congress a reform bill to the Federal Labor Law, with the intention of prohibiting personnel subcontracting operations and, instead, allow only the ones regarding specialized services or specialized works. With regards to the proposal, by the end […]
Surrounded by major economic hubs, ports, national highways, and an international border, Bac Giang province in northeastern Vietnam is situated at the crossroads of major trade routes. It is located adjacent to the key economic triangle Hanoi – Hai Phong – Quang Ninh, 110 km from the Huu Nghi Border Gate with China, 100 km from the Hai Phong seaport, […]
When a supervisor with Burlington Northern Santa Fe Railway stumbled upon a way to submit fraudulent invoices to his employer, he enlisted several others in the scheme. In the end, more than $2 million in bogus or inflated invoices (details of the case are in the right-hand box) were submitted. To prevent a similar scam from […]
Vietnam is currently undergoing economic and demographic transformations that provide great potential for its healthcare industry. In 2019, Vietnam’s healthcare expenditure was approximately US$17 billion, equivalent to 6.6 percent of its GDP according to Fitch Solutions. The firm also expects that healthcare spending will reach US$23 billion in 2022 at a compound annual growth rate […]
Doing business in a foreign country requires awareness, consideration, and evaluation of risks that are unique to its environment. This involves knowledge of politics, economics, legislation, as well as social and cultural traits of the community. 2021 looks promising. ASEAN has performed better on the economic front than many developed countries and has emerged as […]
One country’s loss is another’s gain. On February 1, Myanmar’s military took over the country in a coup sending shockwaves throughout the region. The move undermined Myanmar’s progress and economic reforms since 2011 when it first held parliamentary elections. Recent media reports have stated that the military coup in Myanmar has forced investors to re-think […]
In these economic times, many businesses have seen the benefits of allowing customers to make instalment payments. With low interest rates, instalment sales contracts have become an important tool for companies looking for ways to boost sluggish sales. Before rushing in and offering consumers the ability to buy products or services “on time,” companies should […]
The year 2020 marks the 42nd anniversary of India-Vietnam bilateral trade. Vietnam and India have shared strong bilateral relations historically, and for the past two decades, trade between the two countries has risen considerably. These economic ties have materialized into several Indian investments in Vietnam in various sectors. The enormous volatility in the global trade […]
Vietnam on February 20, 2021, approved the fourth protocol amending the ASEAN Comprehensive Investment Agreement (ACIA); the Vietnamese Government issued Resolution No. 20/NQ-CP to this effect. The Ministry of Planning and Investment (MPI) is assigned prime responsibility and will coordinate with associated ministries and agencies to implement the above protocol. The Ministry of Foreign Affairs will execute foreign affair procedures according […]
During the last decade, Vietnam has been experiencing rapid economic and population growth, making the country an attractive investment destination for foreign investors in the public healthcare sector. The Vietnamese healthcare industry is one of the country’s development priorities, having received an increasing level of financial support and incentives for investment from the government over the years. […]
For many companies, Vietnam’s greatest potential lies in its conditional investment sectors. These areas of the Vietnamese economy are still largely untapped by foreign capital and present prime opportunities for investors to enter a new market with little competition. Opportunities within conditional sectors are, however, tempered by a number of restrictions on control, activities, and […]