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Joining CPTPP – Opportunity for Vietnam to Attract Quality Investors

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  The UK discussed for the first time with all CPTPP members, including Vietnam, to discuss joining this agreement. Pursuing the goal of joining the CPTPP is one of the UK government’s priorities and is an important part of the free trade strategy. Becoming a CPTPP member not only opens new opportunities for UK businesses, but also promotes investment and trade as well as develops sustainable economic cooperation between the UK and CPTPP members. British companies have invested nearly 98 billion pounds (125.27 billion USD) in CPTPP members in 2018. By 2019, the value of trade transactions between the UK and CPTPP member countries is more than 110 billion pounds. CPTPP will help complement bilateral trade agreements that the UK has entered or is negotiating with CPTPP members. Currently, the UK and Vietnam are also working hard to translate the EU-Vietnam Free Trade Agreement (EVFTA) into the UK-Vietnam Bilateral Trade Agreement later this year. This will ensure continuity and bring...

Vietnam attracts Korean investment in research and development

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In recent times, the investment shift out of China is being carried out by many international investors. Vietnam is a country that has enough factors to receive investment shift, especially in the manufacturing sector with low-cost labor and low expenses. However, at present, Vietnam has changed its method of attracting FDI, instead of taking advantage of low expenses and low-cost labor, Vietnam now aims to take advantage of highly skilled workers and many incentives in research and development activities. Recently, many Korean investors have plans to change production lines, invest in research and development (R&D) company in Vietnam . Previously, Korean businesses mainly invested in industries such as apparel, bags, and footwear, however, recently many Korean investors have made investments in industries such as high electronics, information technology , automotive and construction equipment, distribution and service industries. Currently, Korea is the leading country in the list...