"Vietnam’s outlook is one of the brightest in Asia," according to UBS economist Mr. Edward Teather. Indeed, per the General Statistics Office of Vietnam, the country was remarkably experienced positive growth of 2.91% in 2020 despite the impact of the coronavirus pandemic.
About 65 per cent of the UK’s import taxes were erased as soon as the agreement took effect from December 31, and the rest will be eliminated in the course of the next 10 years.
After a journey of eight years, the Regional Comprehensive Economic Partnership (RCEP) has finally been signed on November 15, 2020, covering 10 countries of ASEAN and another five countries with whom ASEAN has pre-existing free trade agreements: Australia, China, Japan, Korea and New Zealand.
Currently, a good 50 Vietnamese enterprises have become top suppliers for Samsung Vietnam. The South Korean conglomerate has given the necessary support to help these companies improve their manufacturing processes and better meet global supply chain standards – but becoming one of its regular suppliers is no mean feat.
In January, Intel Corporation announced a further $475 million in Intel Products Vietnam (IPV). This new investment comes in addition to Intel’s $1 billion investment to build a state-of-the-art chip assembly and test manufacturing facility in Saigon Hi-Tech Park (SHTP), that was first announced in 2006. This takes Intel’s total investment in its Vietnam facility to $1.5 billion.
Kim Dental, Vietnam’s largest private dental care platform, has recently raised $24 million in a series B round. The investment was led by ABC World Asia, a private equity fund dedicated to investing across Asia, seeded by Temasek.
