The dark side of labor export
Labor exports can solve the unemployment problem, but for the long term, it may affect the ability to attract foreign investment.
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Low-carbon economic development towards a circular economy is becoming an inevitable tendency in the framework of the green transition with the creation and development of carbon markets seen as increasingly crucial tool.
The Vietnam Textile and Apparel Association wants to make 44 billion USD from exporting textiles and clothing by 2024. Things have been going well since the last quarter of this year.
Vietnam's parliament is set to approve a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a global agreement.
Labor exports can solve the unemployment problem, but for the long term, it may affect the ability to attract foreign investment.
Although bilateral trade has gone down in the last two years—by 9.7% to $13.3 billion in 2022 and by 6.5% to $9 billion from January to September—it is still growing.
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