Seminar tackles problems facing Japanese firms
The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment hosted a seminar in Hanoi on October 1, to seek ways to address the challenges that face Japanese businesses in Vietnam.
The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment hosted a seminar in Hanoi on October 1, to seek ways to address the challenges that face Japanese businesses in Vietnam.
Do Nhat Hoang, head of the FIA, said out of the 500 Japanese firms surveyed, almost of them faced difficulties in infrastructure, human resources, administrative procedures, laws and regulations on accounting, auditing, taxation, investment and trading.
Many Japanese businesses asked the Vietnamese Government to improve communication and industrial zone infrastructure nationwide. They cited the lack of high-quality electricity supplies, especially during the summer, as a major obstacle for their production and trading activities.
Many Japanese representatives also touched upon the taxation reforms, the structure of the State budget’s collection in the near future and the capacity of Vietnam ’s Customs sector, especially single gate customs clearances and e-customs.
As of September 20, Japan had invested in 1,748 valid projects worth 28.6 billion USD in Vietnam, ranking first out of 96 countries and territories across the world to invest in the country.-VNA
Do Nhat Hoang, head of the FIA, said out of the 500 Japanese firms surveyed, almost of them faced difficulties in infrastructure, human resources, administrative procedures, laws and regulations on accounting, auditing, taxation, investment and trading.
Many Japanese businesses asked the Vietnamese Government to improve communication and industrial zone infrastructure nationwide. They cited the lack of high-quality electricity supplies, especially during the summer, as a major obstacle for their production and trading activities.
Many Japanese representatives also touched upon the taxation reforms, the structure of the State budget’s collection in the near future and the capacity of Vietnam ’s Customs sector, especially single gate customs clearances and e-customs.
As of September 20, Japan had invested in 1,748 valid projects worth 28.6 billion USD in Vietnam, ranking first out of 96 countries and territories across the world to invest in the country.-VNA
You should also see
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
