How Does Dispute Settlement Mechanism of WTO Work?

The dispute settlement mechanism of the World Trade Organization (WTO) is a succession of the dispute settlement rules that has been effective for nearly 50 years in the history of GATT 1947. The basic objective of this dispute resolution mechanism is to achieve a positive solution to the dispute. Vietnam is member of WTO therefore it could refer to dispute settlement mechanism...

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Processing and Manufacturing Industry Attracts Foreign Capital

Although the amount of registered and disbursed FDI capital was lower than the same period in 2019 due to the influence of Covid-19, the reduction has been significantly improved.The latest report of the Foreign Investment Department (Ministry of Planning and Investment) shows that, as of November 20th 2020, the total newly registered capital, adjusted and contributed capital...

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Quang Ninh Tourism Industry Collect Nearly 29,500 Billion VND in 2019

2019 continues to be evaluated as a year of strong growth of the Quang Ninh tourism industry in both the number of tourists and revenue, contributing to the provincial budget up to 30% compared to 2018, creating an attraction for foreign investors to come and set up company in Quang Ninh.According to the Quang Ninh Department of Tourism, in 2019, the total tourist arrivals...

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Singapore Investment Imprint in Vietnam Industrial Real Estate

With the impact of free trade agreements and capital inflows into Vietnam, Vietnam industrial real estate and logistics are the segments that have grown most rapidly recently.As a multidisciplinary investment group of Singapore, Sembcorp Development entered Vietnam very early. In 1996, Sembcorp shook hands with Becamex IDC Vietnam Company to establish a joint venture: Vietnam...

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Binh Dinh: German Investors Want to Build A Wind Farm, Korean Businesses Interested in Assembling Cars

In the last days of August and early September 2020, many potential investors from Korea and Germany have come to study opportunities to set up company and invest in Vietnam and specifically Binh Dinh province to explore investment opportunities, with billion USD projects.At the meeting of the departments of Binh Dinh province with leaders of Hyundai Aluminum Vina Company...

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Da Nang to becomes the financial center of Central Vietnam

At the end of 2020, the representative of the Ministry of Planning and Investment proposed to build Da Nang city into a regional financial center with an investment of VND 47,000 billion according to Document 8919/BKHDT-KTĐPLT dated December 31st, 2020 by the Minister of Planning and Investment Nguyen Chi Dung.Da Nang set the goal to “build a regional administrative center”...

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Tetra Pak Construct 110 Million USD Packaging Factory in Binh Duong

Tetra Pak (Sweden) has started construction of a 110 million USD packaging factory on an area of 10,000 m2 and a total capacity of 20 billion packages per year at Vietnam – Singapore Industrial Park II – A (Binh Duong). This information has been announced since the end of 2016. The factory is expected to come into operation by the beginning of 2019.According to the Deputy...

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Joining CPTPP - Opportunity for Vietnam to Attract Quality Investors

The UK discussed for the first time with all CPTPP members, including Vietnam, to discuss joining this agreement.Pursuing the goal of joining the CPTPP is one of the UK government’s priorities and is an important part of the free trade strategy.Becoming a CPTPP member not only opens new opportunities for UK businesses, but also promotes investment and trade as well as develops...

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Establishing Distribution Company In Danang

Da Nang is a city in the Central of Vietnam, with the advantage of being a trading place of many countries in the world. Danang has a large seaport in the top 10 large seaports of Vietnam, facilitating trading activities with many countries around the world.At the present, Da Nang is promoting foreign investment into Da Nang, and many investors have chosen Da Nang to do business...

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RCEP Helps Vietnam Accelerate Investment Attraction

Together with ASEAN countries, Vietnam absolutely have the opportunity to become a hub to attract foreign investment in Vietnam, especially from countries participating in the Regional Comprehensive Economic Partnership (RCEP).Finally, the RCEP was signed after 8 years of negotiations. Although it still has to wait a while for the 15 member countries, including 10 ASEAN member...

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Set up branch office in Vietnam

Foreign entity is allowed to set up branch office in Vietnam to conduct business activities according to the law.The branch of a foreign business entity in Vietnam (referred as “The Branch”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to enter into contracts in Vietnam and conduct activities being the purchase...

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M&A Due Diligence in Vietnam

Merger and Acquisition (M&A) activities in Vietnam have been rapidly increasing over the the years in value and number of transactions when Vietnam’s opening policies to attract foreign investments loosen up. The M&A due diligence and execution are therefore important steps to ensure a successful transaction.For foreign investors wishing to take advantage with a certain...

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FM Logistic Builds 30 Million USD Distribution Center in Bac Ninh

On April 10th, FM Logistics – French logistics and transportation company officially started construction of a 30 million USD distribution center in VSIP Bac Ninh Industrial Park, laying the foundation for the company to explore the developing logistics market of Vietnam.Once completed, this center will use about 300 employees, providing an area of 52,000 m2 for a maximum...

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Many Large Businesses in Norway Want to Invest in Hanoi

7 leading corporations and enterprises from Norway include ITS Noway, Pixii AS, Ruter, Avfall Norge, Cambi, Host, Tomra want to set up business in Hanoi, at the same time cooperate, invest and transfer the most advanced technology in Hanoi city.Chairman of the Hanoi City People’s Committee has just had a meeting with Innovation Norway and 7 leading Norwegian corporations and...

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Kien Giang Continues to Welcome Investment Waves

With outstanding potentials and advantages, together with many large projects which have been invested in the area, especially efforts to strongly improve the business and investment environment, Kien Giang province expects to continue to welcome the wave of investment in the future.Phu Quoc has been recognized as urban type 2 since 2014. Currently, Kien Giang province is...

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Sharp Plans to Build A New Factory in Vietnam, Operating in 2020

China will not be Sharp’s place of manufacturing LCD screens for cars sold in the US, this stage will be transferred to Vietnam. Sharp is going to set up factory in Vietnam.According to Sharp, they will build a new factory in Vietnam to avoid the new tax imposed in the long-running US – China trade war.The factory in Vietnam will assemble LCD screens for cars sold in the US....

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Da Nang- Tangier (Morocco) cooperates in economic field

On April 14th, 2021, representatives of Da Nang city had an online meeting with representatives of Tangier city (Morocco) on the 60th anniversary of the establishment of diplomatic relations between the two countries (1961-2021).At the meeting, representatives of Da Nang city shared the characteristics, potentials and similarities in the field in the development orientation...

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Highlights in Real Estate Investment in Vietnam

Vietnam is attracting interest of investors in both domestic and foreign market. Overall, investor confidence was returning to the Vietnam real estate market. Both buyers and sellers have enhanced activity in recent months.The real estate market of Vietnam has overcome the recession period within 4 or 5 years ago but in the last 12 months, the market has recovered and noted...

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Da Nang – Singapore To Cooperate for Development

On May 12th, 2021, the representative of Da Nang city had a webinar with representatives of Ho Chi Minh City and Singapore on economic development, which the seminar was attended by nearly 200 companies from different industry whom are potential investors from Singapore, interested in setting up company in Vietnam.During the seminar, the representative of Da Nang city introduced...

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Update: What Are Rights and Obligations of Foreigners Owning Properties in Vietnam?

According to the current Vietnamese law, the ownership of houses in Vietnam by foreigners has changed significantly towards more openness. However, home ownership of foreigners and Vietnamese citizens are still different.Foreign house ownership is allowed in commercial housing construction projects only (i.e., only in newly formed residential areas), not an area of national...

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