Very few domestic firms in support industries supply parts for FDI enterprises in the electronics industry, according to Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE).
Experts at a conference in Hanoi on June 25 stressed the need for measures to increase the efficiency of technology transfer of FDI businesses in Vietnam.
The importance of enhancing policy dialogue between investment countries and investment recipients, and the role of the electronic industry in Vietnam were highlighted at a recent workshop in Hanoi.
Measures to improve the quality and working efficiency of employees working in foreign direct investment (FDI) enterprises in line with Vietnam’s foreign investment attraction orientation were discussed at a seminar in Hanoi on June 19.
As many as 40 percent of FDI enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre.
The authorities of southern Dong Nai province said they will continue assisting local businesses to research export markets and promote trade for achieving an export turnover of 18.3-18.5 billion USD.
Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest State taxes despite reporting high profits, statistics show.
Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which made by FDI firms. Low local content ratio in manufacturing may hold back the economy.
The Vietnam Business Forum 2016 opened on December 5 in Hanoi focusing on strengthening the role of the private economic sector through fostering the partnership between domestic and foreign enterprises.
The Netherlands-based AkzoNobel Vietnam has won the Rong Vang award the third consecutive year for its significant contribution into Vietnam's socio-economic development.
Several foreign businesses are attentive to recent developments and want to shift their investments into Vietnam as they see big opportunities of big Trans-Pacific Partnership (TPP).
The southern province of Binh Duong attracted over 1.2 billion USD in foreign direct investment (FDI) from January-July, surpassing the yearly target of one billion USD.
Foreign direct invested enterprises have created a momentum for developing products made in Vietnam , heard participants at a conference entitled "Proud of Vietnamese goods", held in Hanoi on July 31.
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