New foreign investment regulations will have a positive impact on foreign investors in Vietnam for the foreseeable future. Lawyers at Yingke Vietnam, a subsidiary of Yingke Global, have been quite busy helping major foreign clients seeking investment opportunities in Vietnam. Mr. Tony Hieu, Legal Manager at the company, told VET that a mere five months into its practice, the company plans to recruit more highly-specialized employees to meet the increasing workload. “In addition to the move towards relocating production facilities to Vietnam, the country has also been active in signing bilateral and multilateral trade agreements in recent times that made its business environment more attractive to many foreign investors,” he explained. Thirty-three China-based manufacturers have moved to Vietnam since June, preferring the country over Indonesia. Trade tensions affect export-oriented manufacturing sectors the most, so investors naturally head to places that are also export-oriented, according to Mr. Hieu. “A progressive foreign investment policy supports Vietnam in directing an export-oriented growth strategy,” he said. His clients from China found suitable locations to set up production over the last few months and the company is now handling administrative procedures for investment certificates. Other foreign investment projects have also been completed in certain provinces… Read full this story
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