Vietnam business environment has been improved and become more attractive to European investors. In details, business environment index increased from 66 points to 74 points in the third quarter of this year.
It is estimated that there are approximately 4% Vietnamese people owning a private car. According to a forecast of EuroCham, with impressive economic growth rate, Vietnam automotive industry has enormous potentials to develop.
Most businesses and industry associations presage about Vietnam business environment in 2015 better than that in 2014. Many fields as taxation, customs, banking, and government pond will see a new reform in time to come.
2015 is considered to be an important year of the further and greater international integration of Vietnam economy. This is a not only the golden time of FTA between Vietnam and other countries but also an important milestone of establishing AEC.
In 2014, Vietnam replaced India to be shortlisted in 10 biggest exporting countries in American market. It is predicted that in future, if Vietnam makes successful reform, the country will attract not only US investors but also other foreign enterprises.
In the downtrend of FDI in Vietnam, Japanese enterprises tend to pay more attention in the fields of retail, technology transfer, banking, finance and service in Vietnam instead of the manufacturing sector as before.
Vietnam business environment is attracting many companies and corporations from US to invest in various Vietnam economic sectors. This is a chance for Vietnam to define its potential and advantages and for US companies to expand business as well.
The Vietnam - Korea Free Trade Agreement has been signed successfully between representatives of Vientam and South Korea on May 5. The agreement has a significant meaning in the development of Vietnam economy and society in the region.