Having selected Vietnam as the first foreign destination in the mid-90s, when Vietnam remained unacquainted to most of the foreign enterprises, the Amata Group from Thailand has been increasing its presence at the two ends of Vietnam with billion-dollar projects.
Notable foreign enterprises in farming industry such as C.P, Cargill, Guyomarc'h were among 53 enterprises in Vietnam granted award titled 'the Business dedicated to Farmers' by the Ministry of Agriculture and Rural Development.
Despite the significant contribution of FDI to the growth of Vietnam's economy, there are still many opposing views from experts concerning about the over reliance of Vietnam on foreign enterprises.
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According to the Asia Cloud Computing Association, such legal restrictions as data localization, business uncertainties from the Law on network information security and lack of data privacy law as well as digital economy taxation may impact negatively to enterprises using cross-border tools and services.
Prime Minister (PM) Nguyen Xuan Phuc hosted the representatives of foreign enterprises, including Zuellig Pharma Ltd. on July 9th, listened to their reflections and collected their ideas for a healthier business environment in Vietnam.
