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Vietnamese contractors have improved their technical skills and learned to make use of their local knowledge to win bidding over foreign competitors in local construction projects.
Last month banking credit grew for the first time this year, according to a report released recently by the State Bank of Vietnam.
FPT Corp., Vietnam’s largest publicly traded telecommunications and software company, aims to complete two takeovers this year as it seeks to boost international sales, Chairman Truong Gia Binh said.
A nationwide investigation into tax evasion found 83 percent of foreign companies used various tricks to minimize their tax liability.
Vietnam must develop its markets to foster greater labor productivity and avoid the middle-income trap, economists advised at a recent conference.