Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.
The Ministry of Planning and Investment has instructed localities to review and report on the development of industrial zones with investment projects in the electronics industry with a scale starting from 20 million USD.
Singapore’s electronics industry - particularly semiconductors - has outperformed other segments of the economy amid the coronavirus-induced recession and will remain a major source of employment, Minister of Trade and Industry Chan Chun Sing said at a recent press conference.
Cambodian Prime Minister Samdech Techo Hun Sen has shared his pride over the growing bilateral trade between Cambodia and the US despite the COVID-19 pandemic, saying that two-way trade saw an annual hike of 17 percent in the first eight months of this year.
After the European Union-Vietnam Free Trade Agreement (EVFTA) was adopted in the second quarter of this year, there was a wave of investment in key manufacturing industries in Vietnam and job opportunities for labourers.
In a recent interview granted to Vietnam News Agency correspondent in Singapore, Dr. Hoe Ee Khor, Chief Economist at the ASEAN+3 Macroeconomic Research Office (AMRO), expressed his impressions on Vietnam’s economic achievements and contributions to the Association of Southeast Asian Nations (ASEAN) since the country joined the bloc 25 years ago.
HCM City’s index of industrial production (IIP) in June rose 13.74 percent from the previous month, according to statistics of the municipal People’s Committee.
Foreign direct investment (FDI) into electronics should aim to promote local companies and enable them to engage in the global value chain, industry insiders have said.
The COVID-19 pandemic has already made it quite difficult for Vietnamese goods to enter the US and EU markets and the outlook for the second quarter is also gloomy, according to Cong Thuong (Industry & Trade) newspaper.
Vietnam should pen a general plan to shape up an electronics sector with higher value as the industry is currently assembling and processing simple products, according to experts.
The Ministry of Industry and Trade (MoIT) has recently hosted a meeting to seek solutions to help businesses bolster production and export amid the complicated developments of the acute respiratory disease caused by the novel coronavirus (nCoV) and difficulties caused by the disease.
China is no longer the biggest investor in Malaysia as it has now slipped to third position behind the United States and Japan, according to data provided by the Malaysian Investment Development Authority (MIDA).
The robotics market has grown strongly in recent years due to enterprises’ growing demand for automotive solutions to optimise output and save both labour and operational costs.
The International Labour Organisation (ILO) has sent congratulations to Vietnam on the ratification of Convention No. 98, one of the ILO’s core conventions that aims to promote collective bargaining.
The Fourth Industrial Revolution (Industry 4.0) is the focus topic of the 21st National Conference on Electronics, Communications, and Information Technology (REV-ECIT) which is underway in Hanoi on December 14-15.
The production index of electronic goods for the first 10 months of the year increased by more than 17 percent year-on-year, according to the HCM City Department of Industry and Trade.
Better supplier-buyer relations with multinationals located in Vietnam would help small- and medium-sized enterprises (SMEs) gain access to electronics global value chains, experts have said.
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