Vietnam enjoyed large trade surplus in August thanks to Samsung Note 20 exports Export turnover in August 2020 was estimated at $26.5 billion, up 6.5 per cent compared to the month prior (after adjustment), of which the domestic companies contributed $9.5 billion, up 4 per cent, while foreign-invested enterprises made up $17 billion, up 8 per cent. The growth of exports in the past month was mainly driven by Samsung Complex’s export of its new Note 20, according to Bao Viet Securities (BVSC). … [Read more...] about Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports
Samsung
HCMC requests tax incentives for Samsung subsidiary
In 2018, the management board of the Saigon Hi-Tech Park in District 9, where SEHC is based, had made the same proposal. However, this was denied by the Ministry of Finance because the exports revenue ratio of SEHC between January 2016 and June 2018 was 75 percent. … [Read more...] about HCMC requests tax incentives for Samsung subsidiary
Vietnam might become largest manufacturing facility of Samsung
Additionally, training, promoting local employees into senior or intermediate management positions commensurate with their efforts and contributions, as well as corporate social responsibility and issues regarding environmental protection are important factors foreign-invested firms cannot ignore if they want to enjoy outstanding incentives and do business in the long-term in Vietnam. … [Read more...] about Vietnam might become largest manufacturing facility of Samsung
Supply chain growth can outpace Southeast Asia
If the pandemic is brought under control and people are able to travel, I think 2021 will see demand from overseas doubling or even tripling. We at BW are ready to build more factories and warehouses to keep up with this demand. Everything can be better if the pandemic is controlled, not just in Vietnam but also around the globe and in key markets like the United States and Europe. … [Read more...] about Supply chain growth can outpace Southeast Asia
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
According to Director of the provincial Department of Planning and Investment Tran Van Hung, to provide effective support for businesses Quang Ninh has fostered public administrative reform and established multiple channels for dialogue between local administrations and companies. It has also prioritised allocating funding to the development of technical and social infrastructure, Hung said. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
