Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by the General Statistics Office (GSO).

Vietnam’s foreign trade is forecast to hit 500 billion USD at the end of 2019, according to the General Statistics Office of Vietnam.

 VietNamNet Bridge – Samsung Viet Nam’s turnover in 2016 touched US$46.3 billion, while its exports reached $39.9 billion, rising 9.9 per cent compared to 2015, despite the Galaxy Note 7 recall.

 VietNamNet Bridge – Foreign direct investment (FDI) enterprises attending a dialogue with HCMC’s leaders on March 16 complained about complicated administrative and customs procedures and inadequate regulations.

 VietNamNet Bridge – Though the Laws on Competition and Consumer Rights Protection took effect many years ago, a majority of Vietnamese businesses and consumers do not understand their legal rights,

 VietNamNet Bridge – Several foreign direct investment (FDI) enterprises are planning to develop big projects in Vietnam this year in view of an improved investment environment.

VietNamNet Bridge – Local scientists should change their way of thinking and research what businesses and the economy need, instead of studying what they want so as to contribute more to the country’s development.

VietNamNet Bridge – Barriers to increased foreign direct investment (FDI) were discussed at a dialogue between this central city's leadership and FDI enterprises last week.

 VietNamNet Bridge – Ha Noi's industrial parks and export processing zones will co-ordinate closely with relevant bodies, to help foreign direct investment firms in dealing with export and import procedures.

 VietNamNet Bridge – Vietnam should give more incentives to domestic firms, as the current preferential policies toward FDI firms may hinder the nation's development and result in dependance, one official said.

 VietNamNet Bridge – Since early 2013, the General Department of Taxation has been inspecting foreign invested enterprises operating in Vietnam, especially processing and manufacturing enterprises operating in industrial zones.

VietNamNet Bridge – A number of foreign enterprises have been accused of avoiding corporate income tax when selling shares to other companies.

 VietNamNet Bridge – International investors and foreign direct investment (FDI) enterprises operating in the country may be allowed to open investment accounts in Vietnamese dong in addition to those in foreign currency.

 VietNamNet Bridge – Many enterprises have taken out U.S. dollar loans from foreign individuals and organizations to benefit from low interest rates, at around 1% a year.

VietNamNet Bridge – Foreign-invested enterprises will be banned from directly purchasing agricultural products from farmers and establishing buying networks when a new Ministry of Industry and Trade circular takes effect in June.

The HCMC Tax Department sine early this year has inspected 16 foreign direct investment (FDI) enterprises with transfer pricing signs, collecting VND11.3 billion in taxes and reducing losses reported by these firms by VND368 billion.