First 100% foreign invested company licensed to operate in Vietnam
Ho Chi Minh City People’s Committee has just granted an investment license to the 100% foreign invested East-West Trading Company to operate in the import-export field.
This is the first 100% foreign invested company licensed to operate in this field since Vietnam became a member of the WTO. The company has total invested capital of 32 billion Vietnam dong ($2 million) contributed by three investors from the Czech Republic, Hungary and Slovakia. Currently, Ho Chi Minh City is considering granting investment licenses to ten foreign companies which have applied to operate in the import-export field. Of these, six companies have applied to operate in the distribution sector. (nhandan.com.vn)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.