Business news headlines

Intel has invested $1 billion in Vietnam and is looking to increase this in the coming years. The export revenue of Intel in Vietnam has reached $3.6 billion. With the new investment in Ho Chi Minh City in the coming time, the figure is expected to increase significantly. Intel will also use the fresh capital to develop local middle and senior leaders for the Vietnamese factory, according to Intel Vietnam's general director. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 28

Trung An's General Director Pham Thai Binh said on August 27 that the company has exported rice to Europe for many years. However, this is the first batch to be delivered to the region since the EU-Vietnam Free Trade Agreement (EVFTA) took effect on August 1, with zero percent tariff, as compared with 5-45 percent in the past. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 29

"The EVFTA will serve as a catalyst for the fisheries sector to increase its competitive advantage over countries which have FTAs with the EU, such as Ecuador, India, and Thailand. According to many studies, after the trade deal enters into force, seafood exports to Europe may increase 20% compared to before as a result of the competitive advantage over other nations. For example, European partners will increase their buying of Vietnamese tuna which will enjoy a tax rate of 0%, instead of buying from other markets with higher tax rates," VASEP Secretary General Truong Dinh Hoe analyses.  … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 30

The Ministers affirmed that this is especially important during the COVID-19 pandemic and this provides appropriate hard/soft infrastructure and human resources development that considers the needs and reskilling and upskilling of persons likely to lack digital skills and access to technology including women, MSMEs and other vulnerable groups, especially those living in remote and rural areas and more likely to lack digital skills and access to technology. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 31

At present, the consumption of domestic products by FDI enterprises in the nation is not high. This can be seen clearly through the fact that Japanese enterprises in the country only purchase approximately 30% of goods domestically, while the large input source largely comes from China and other markets. This is a key reason of the need to further promote FDI attraction from Europe in an effort to improve the quality of products made in Vietnam. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 1