Vietnam Business Forum, Jun 2015

Prime Minister Nguyen Tan Dung, addressing business leaders at the Vietnam Business Forum in Hanoi on June 9, assured the business community of continued macro-economic stability and higher gross domestic product growth.
Read more

Thinking about Vietnam’s Development Strategy

The Economist - Arrested Development, Oct 4, 2014

In the era of “supply-chain trade,” “industrialization” means little more than opening labor markets to global manufacturers. Countries that can grab pieces of global supply chains are quickly rewarded with lots of manufacturing employment. But development that is easy-come may also be easy-go. Unless the economies concerned can quickly build up their workers’ skills and infrastructures, wage increases will soon lead manufacturers to pick up sticks and move to cheaper locations. Read more

VBF Governance and Transparency Working Group Meeting, Jul 15

VBF-logoWe would like to invite you to attend the first internal meeting of the VBF’s Governance and Transparency Working Group as follow details: Read more

Taiwanese firms seek compensation for riots damage estimated at $500 million

Liu Mei Teh, Chair, Council of Taiwan ChambersTaiwanese companies are seeking cash compensation and interest-free loans from Vietnam’s government after hundreds of factories were damaged last month in violent anti-China protests.

Taiwan’s cabinet has said 408 of its companies were ransacked by protesters and 24 facilities set on fire, with total losses estimated at as much as $500 million.

“For the factories which lost a lot, they are looking for more critical compensation,” Serena Liu, chairwoman of the Council of Taiwanese Chamber of Commerce in Vietnam, said in an interview in Hanoi. “The government has to work harder. They have already showed their sincerity to solve the problem.”

Read more

2014 Mid-Term VBF: PM reassures FDI investors, who offer many recommendations to improve the business environment

VBF Jun 5, 2014 PM, WB, and others

Prime Minister Dung said “Vietnam is a nation with social and political stability, fast and sustainable economic development and a friendly investment environment.” Council of Taiwan Chambers President Liu Mei The expected that Vietnam would attract more investors but this depended on what the Government will do to make investors safe, she said.

The May riots caused “serious disruptions,” especially to export-related industries which have driven the country’s growth, said Fred Burke, co-head of VBF Investment and Trade working group. While the measures announced are welcome, “they do not go far enough to account for the damages, much less restore the sector to its previous competitiveness.”

The Vietnam Business Forum offers an opportunity for a “structured dialogue” between Government officials and  Vietnam and FDI business representatives, who provide extensive comments on the business environment in Vietnam and very specific recommendations to the Government regarding particular areas for improvement in laws and regulations.

Read more

VBF Dialogue in HCM City, Mar 24

More...National government ministers and vice-ministers of key FDI-related agencies (MPI, MoF, MoIT, VN Customs, VN Tax, MoLISA, etc.) join government leaders and department officials from HCM City and other provinces in the Southern Key Economic Region (SKER) to discuss practical actions to improve business conditions and attract and grow FDI in the region. Read more

HCM City ranked #35 of 100 cities

Vietnam ranked #35 of 100 Bestin 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

Request for comments: Draft Law on Investment

VBF-logo copyThe VBF would appreciate if you could send to the VBF Secretariat ([email protected]) comments/inputs to the Draft Law by February 14, 2014. Read more