Other Briefings
Singapore Increases Investment into Vietnam
Singapore has become the third largest investor in Vietnam. According to Vietnam’s Foreign Investment Agency, at the end February, Singapore had poured US$33 billion worth of investment capital into the country. In the first two months of 2015, Singapore implemented 12 newly-invested projects and increased investment levels at a further eight projects.
Vietnam Ripe for Green Investment
Vietnam is a pioneer among developing countries, taking a leadership role in green growth. From 2012, the Green Growth Strategy has aimed to develop Vietnam into a low carbon economy and to enrich natural capital.
Vietnam-Hungary Business Forum Seeks to Grow Trade, Economic Cooperation
On March 12, 2015, the Vietnam-Hungary Business Forum met to explore business and investment opportunities between the two countries as well as strategies to strengthen bilateral relations. The Forum, which took place in Hanoi, was organized by Vietnam’s Ministry of Industry and Trade (MoIT) in partnership with Hungary’s Ministry of Foreign Affairs and Trade. Over 150 Vietnamese enterprises and 17 Hungarian enterprises participated in the meetings.
Samsung Takes Advantage of Vietnam’s Developing Workforce – Expands Number of Local Employees
Samsung Electronics will soon employ more local employees than any other foreign company in Vietnam. By July, the South Korean firm will have expanded their current local workforce from 40,000 to 100,000. Currently, less than half of the workers on its payroll are Vietnamese.
Using Vietnam’s Free Trade & Double Tax Agreements: New Issue of Vietnam Briefing Magazine
The newest issue of Vietnam Briefing Magazine, titled “Using Vietnam’s Free Trade & Double Tax Agreements,” is out now and available as a complimentary download in the Asia Briefing Bookstore from now through the month of April.
Vietnam’s 2015 World Trade Organization Obligations
Vietnam became a member of the World Trade Organization (WTO) on January 11, 2007. As part of its membership, Vietnam committed to a number of economic reforms which it would undertake over a period of years. 2015 marks the last of the reforms that Vietnam must make.
Vietnam Leads Global Coffee Production Despite Lower 2015 Harvests
Vietnam now rivals Brazil in coffee production. The country is currently the world’s leading exporter of robusta coffee, earning US$3.62 billion from coffee exports in 2014. However, coffee crops in Vietnam are now at their lowest levels in many years.
Vietnam’s Trade Position in Asia in 2015
Vietnam sits in a prime position in Asia vis-à-vis free trade agreements (FTAs) and trade organization memberships. Very few other countries in the region are included in such a plethora of trade agreements.
Vietnam FDI and Economic Roundup for January 2015
Vietnam’s Foreign Investment Department has stated that total foreign direct investment (FDI) in the first month of 2015 reached US$663.44 million, increasing 67.1 percent compared to the same period last year. January saw a total of 44 newly registered FDI projects, worth US$392.18 million.
Hong Kong Investment into Vietnam at Peak
Hong Kong’s US$3bn Vietnam investment ranks it the second largest capital investor in Vietnam for 2014, according to Vietnam’s Ministry of Planning and Investment.
