Like other countries, Vietnam’s building materials industry is experiencing a slowdown due to the impact of COVID-19 and consumers cutting back on spending.
The following article will discuss the reasons why added-value from the textile and garment industry to local enterprises is still moderate despite tremendous export turnover in recent years, in addition to the future advantages of investing in the textile and dyeing industry for foreign businesses.
The previous article provided an overview of the local labor force in Vietnam and labor law. Regarding foreign labor, according to Article 3, Decree 11/2016/NĐ-CP, the current labor law of Vietnam only allows foreign workers to work in four positions for which Vietnamese hires do not meet the requirements, including experts, executives, technical workers and managers.
Dong Nai People’s Committee has recently granted investment certificates for three foreign-invested supporting industry projects with a combined investment capital sum of $190 million.
The southern province of Binh Duong attracted about 1.7 billion USD of foreign direct investment (FDI) in the first 10 months of this year, exceeding the goal set for the whole year by 19 percent.
The Ministry of Transport has proposed the Ministry of Planning and Investment to appraise the pre-feasibility report of the first phase of Bien Hoa-Vung Tau Expressway, which has a total investment capital of VND18.8 trillion ($817.4 million).
