Vietnam, Australia boost ASEAN-OECD cooperation to restore economy
In the spirit of placing people at the center, OECD countries, including Australia, are interested in supporting Vietnam's development of human resources and vocational skills.
In the spirit of placing people at the center, OECD countries, including Australia, are interested in supporting Vietnam's development of human resources and vocational skills.
The OECD and multinationals such as Airbus and MSC are committed to supporting Vietnam as the country is pushing for economic recovery in the post-pandemic period.
A well-functioning logistics sector underpins most economic activities and is fundamental for productivity and growth.
The relationship between Vietnam and the OECD has developed positively and substantially in recent years.
Hanoi is set to continue to streamline its political system for greater efficiency in operation, and ensure the successful implementation of the pilot urban administration model.
Such increases have created a burden on the citizens, while multinationals are taking advantage of Vietnam’s incentive policies to avoid taxes.
Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure.
Such comparison suggests that the development of the banking sector may have been too rapid compared to the size of the economy.
Vietnam could get rid of its most large tax incentives without harming its growth or competitiveness, said an Oxfam expert.