Vietnam has become a magnet for foreign direct investment (FDI). FDI inflows to Vietnam stood at $2.4 billion in 2006, or 0.2 per cent of the global FDI flows. This has grown to $14.1 billion and 1 per cent in 2017. This share is set to rise further as more multinationals seek to set up manufacturing production in the country. In the first four months of this year, there have been 1,082 new projects that were granted investment certificates, with the total registered investment capital amounting to $5.34 billion, a 50 per cent increase from the same period last year. What attracts foreign investors to Vietnam are its political stability, a welcoming policy environment, skilled and competitive labour force, and access to the global market place with the country securing free trade agreements which will cover 60 per cent of the world’s GDP. The benefits of FDI to the Vietnamese economy are evident in the strong GDP growth performance, the rapid rise in the country’s total … [Read more...] about What’s needed to shift towards higher quality investment?
Kaplan higher score guarantee
Cargo containers are loaded from a ship at Tan Cang- Thot Not Port in the southern city of Can Tho. — VNA/VNS Photo Danh Lam The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation, a customs official said. Mai Xuan Thanh, Deputy Director of the General Department of Customs, said the project was in its draft stage. The implementation of guarantee for customs clearance would be divided into three phases: pilot implementation in 2021-22, expansion in 2022-23 and official implementation from 2024, Thanh said. Guarantee for customs clearance was a form of financial commitment that customs authorities asked from import and export companies to ensure that they would fully implement their tax and fee obligations as well as comply with customs procedures when they wished to clear customs before completing all customs procedures as prescribed. Thanh said guarantee for customs clearance was being applied in a number of … [Read more...] about Guarantee for customs clearance to be piloted in 2021-22
For many years, Viet Nam’s Government has been acting as a guarantor for a lot of investment projects. This has increased confidence of both lenders and investors in the implementation and success of the projects. However, experts recently argued that because public debts are rising, private companies should carry out infrastructure projects without Government guarantees. So are the Government’s sovereign guarantees necessary anymore, when the country still needs capital for infrastructure development? It is undeniable that foreign loans have contributed significantly to the country’s infrastructure construction. Major projects have been implemented with preferential loans from foreign partners, especially in construction of highways, airports, bridges and power plants. They are key and priority sectors that are essential to ensure the nation’s economic development. The majority of these projects have been carried out by State-owned enterprises, while the … [Read more...] about A broader view on Gov’t guarantees required
Lionel Messi is under increased pressure to redeem himself when Argentina face Croatia in Thursday's (Jun 21) pivotal match after eternal rival Cristiano Ronaldo scored his fourth goal of the World Cup to send Morocco packing. Argentina's Lionel Messi (L) and his teammates take part in a training session in Bronnitsy, near Moscow. (Photo: AFP/Juan Mabromata) France will be looking for a second World Cup Group C win against Peru on Thursday while Australia need to bounce back from their heart-breaking defeat to Les Bleus against Denmark. Messi's teammates have rallied around their superstar captain after his spot-kick was saved in the 1-1 draw against minnows Iceland on Saturday. Messi is bearing the weight of expectations as Argentina seek a first World Cup trophy since 1986, desperate to crown his glittering career with a major international tournament success. However so far in Russia, Messi has been overshadowed by Ronaldo, who took his tournament goal tally to four on … [Read more...] about Pressure on Messi against Croatia after Ronaldo scores again at World Cup
The government has approved the establishment of a credit guarantee fund for small- and medium-sized enterprises (SMEs). — Photo baotintuc.vn The Government has approved the establishment of credit guarantee funds for small- and medium-sized enterprises (SMEs) to facilitate higher chances for them to get credit for production and business. Under Decree 34/2018/ND-CP issued recently, the funds are set up by the people’s committees of provinces and cities. It will operate for non-profit purposes and under the model of one-member limited company with 100 per cent charter capital from the State. The fund must have a minimum charter capital at VND100 billion. The funds will provide credit guarantee for SMEs to get loans from lenders according to the provisions of the decree and relevant laws. According to the decree, the eligible firms are SMEs with the potential for development but are not eligible for loans in credit priority areas as stipulated in the decree. The funds will … [Read more...] about Government agrees to set up credit guarantee funds