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Vietnam also lags behind China in terms of property rights, the efficient regulation of markets, and labor and financial market reforms. State-owned banks that are poorly managed and suffer from non-performing loans still dominate the financial sector. [3] Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004.
Corporate law. Corporate law in Vietnam [1] was originally based on the French commercial law system. However, since Vietnam 's independence in 1945, it has largely been influenced by the ruling Communist Party. Currently, the main sources of corporate law are the Law on Enterprises, [2] the Law on Securities [3] and the Law on Investment.
Elon Musk's SpaceX plans to invest $1.5 billion in Vietnam in the near future, the government of the Communist-run nation said on Thursday, which could help resolve a stalemate over the launch of ...
In Vietnam, FPT’s technology infrastructure appears in 63 out of 63 provinces and cities. Meanwhile, FPT has offices and branches in 30 countries and territories around the world. As of December 31st, 2023, the Corporation’s business structure comprises 08 subsidiaries and 02 affiliated companies.
Vietnam's parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a global agreement.
April 4, 2024 at 6:19 AM. HANOI (Reuters) - Vietnam's trade ministry said on Thursday that automaker Chery had signed a joint venture agreement with a local company to set up an $800 million plant ...
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