The Vietnamese Government pledges to maintain the stable macro environment, continue improving the institutional quality and State government, and boosting the rule of law, for foreign businesses, especially those from Australia, to land investment and expand operation in Vietnam, said Prime Minister Nguyen Xuan Phuc.
In a meeting with Australia’s...
Prime Minister Nguyen Xuan Phuc said he believes a new wave of investments, both direct and indirect, from Australia, will land in Vietnam for win-win benefits, following the freshly-established Strategic Partnership.
He noted that the partnership will provide a very favourable environment for Australian investors to come to Vietnam faster,...
Trade liberalization
Companies looking to invest in Vietnam can take advantage of many of the Free Trade Agreements (FTAs). With many agreements signed through its membership in the Association of South East Asian NationsCurrently, the average tax in the EU was 2.8 percent and those countries with most favored nation...
The Australian Consulate General in the southern metropolis of Ho Chi Minh City worked with the Department of Agriculture and Rural Development in the Mekong Delta city of Can Tho on June 12 to explore cooperation in hi-tech agriculture in the coming time.
Cao Thi Thanh from the Consulate General...
While many industries of the Vietnamese economy are growing rapidly, perhaps the most exciting is electronics. Imports have nearly tripled from 2011 to 2016, while exports have increased by nearly 5 times — rising from US$12.8 billion to US$65.8 billion in 2015. In 2015 alone, electronics exports nearly doubled,...
By continually issuing favorable policies and incentives aimed at attracting inflows, and deciding to decrease the country’s corporate income tax levels to 20 percent from January 1, 2016, it is clear that Viet Nam’s government is intent on taking a proactive approach to foreign direct investment. Enterprises and individuals...
The Australia Vietnam Business Council (AVBC) and Canberra University recently held a workshop in Sydney to call on Vietnamese businesses to make investment in Australia’s New South Wales.
Addressing the event on February 16, Suzanne Gilham, a senior official from the NSW Department of Industry, introduced the Australian business visa...
Due to rapid industrialization, energy consumption growth levels have been double that of Viet Nam’s already high GDP growth levels, growing on average with approximately 12 percent per year from 2006 to 2015. As a result, almost all Vietnamese receive electricity at home, and the last rural villages are...
Deputy Prime Minister Vuong Dinh Hue has expressed hope that Australian investors will further increase their direct and indirect investment in Vietnam.
Hosting a reception in Hanoi on June 8 for General Director of the Commonwealth Bank of Australia (CBA) Ian Narev and outgoing Australian Ambassador to Vietnam Hugh Borrowman,...