Vietnam woos back investors
Article Abstract:
Vietnam is working to lure back Australian investors with simplified laws for foreign investment. Under Decree No. 10, a central part of the plan, all business enterprises can import equipment, machinery and spare parts without being taxed. That will apply not only to initial investment, but also to replacement, renewal and expansion. Foreign investors will also be allowed greater freedom in choosing a joint-venture partner. According to Professor Luu Van Dat, senior advisor to the prime minister in Vietnam, the country is not yet entirely a market economy, being still in transition, and implementation of laws, not the laws, troubles foreigners.
Publication Name: International Business Asia
Subject: Business, international
ISSN: 1324-5414
Year: 1998
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Seoul marches to a new leader
Article Abstract:
President Kim Dae Jung, 74, is to repair the damage to the economy of South Korea. Many of the conglomerates, called chaebol, are facing ruin, and the banking sector is going under with bad loans. The value of the won has been cut in half and one million jobs are to be lost under reforms insisted on by the International Monetary Fund (IMF) bailout plan. The president took oath Feb. 25, 1998 and has promised an era of reform and reconciliation.
Publication Name: International Business Asia
Subject: Business, international
ISSN: 1324-5414
Year: 1998
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South Korea: the fightback begins
Article Abstract:
South Korean Ambassador Kim Ki Hwan argues that South Korea should expand the economic liberalization rather than slow it down. South Korean labor unions have also shown willingness to cooperate with the government and businesses because of the currency turmoil. The nation's three conglomerates have promised to restructure their operations by ending risky business practices.
Publication Name: International Business Asia
Subject: Business, international
ISSN: 1324-5414
Year: 1998
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