VIETNAM
- Share via
Some Foreign Investments Restricted: The rules are aimed at protecting domestic producers in two of Vietnam’s fastest-growing economic sectors--hotels, and garments and shoes--said Ngo Van Diem, a director of the State Committee for Cooperation and Investment. Foreign joint ventures making garments and shoes must now export at least 80% of their production. Firms in those industries owned completely by foreigners must export 90% of their goods, Ngo said. The rules limit foreign investors to building hotels of at least a three-star international standard.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
In “Rebuilding Los Angeles,” Kate Cagle explores the aftermath of L.A.’s recent wildfires, examining systemic failures and innovative recovery efforts while sharing inspiring stories of community resilience in the face of climate change.
On this week’s bonus, Madison McGhee and Jake Deptula share some of their more controversial takes on today’s true crime beat.
In this episode, Sammy Roth speaks with geography professor James McCarthy, who’s studied how authoritarianism and environmental destruction can be deeply intertwined.
