Denmark’s Maersk has strengthened its contract logistics and distribution capabilities in Vietnam with three new facilities coming into operation in the southern province of Binh Duong and the northern province of Bac Ninh.
South Korea's largest supermarket chain E-mart is selling its retail store business in Vietnam to THACO Group after hitting road bumps to expand in the market.
A certificate of origin (C/O) in Vietnam is an important document that allows exporters to enjoy certain tax incentives and/or other preferential treatment.
The process of finding a suitable location for business establishment, different legal procedures in each country and the time it takes to build a factory may have a significant impact on the operation of an enterprise.
The trade tension that is stretching into its fourth year has fostered a wave of shifting production to countries outside of China. Meanwhile, Thailand and Vietnam are considered as two promising destinations for foreign manufacturers – with Vietnam gaining a more competitive advantage over its Southeast Asian peer for the following reasons:
According to the Ministry of Planning and Investment, as of October 2020, there were 369 industrial zones (IZs) (including IZs located in economic zones) established in 61 of Vietnam’s 63 provinces and municipalities with a total land area of nearly 114,000 ha.
