in the business environment quality-cost rankings of The World’s Most Competitive Cities in 2013, by Site Selection and IBM Global Services. But that ranking is based largely on cost factors rather than business environment quality factors. Click the image to left and scroll to page 3 to see the complete rankings list. Read more
amid sluggish economic growth and slow progress in the restructuring of the banking system and state-owned enterprises.
Vietnam’s economic growth is expected to remain slow this year, after growing at the slowest pace in 13 years in 2012, largely due to a high ratio of bad debt in the banking system that prevents commercial banks from boosting their lending. The government expects this year’s growth at 5.3%, compared with 5.03% in 2012. Read more
Binh Duong People’s Committee Chairman Le Thanh Cung welcomed an AmCham delegation led by Chairman Mark Gillin on Sep 20. The meeting focused on opportunities for FDI in Binh Duong province when the TransPacific Partnership (TPP) is concluded and enters into force. Chairman Le Thanh Cung said that, despite continuing economic difficulties within Vietnam, industrial production in Binh Duong increased 12.3% in the first eight months of the year, and FDI exceeded $1 billion, of which 40% was expansion of existing FDI facilities. In addition, Binh Duong had prepared conditions to attract even more FDI with TPP. Read more
With FDI and GDP growth in a structural decline, this event is proposed and organized by the Investment and Trade Promotion Center of HCMC (ITPC) to provide Foreign Business Associations a chance to discuss with relevant officials their concerns and difficulties in doing business in VN, particularly in HCMC. It will also allow Foreign Business Associations an opportunity to make recommendations to improve the business environment.