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Shoe Industry Vietnam

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December 19, 1994 | From Times Staff and Wire Reports
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.
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BUSINESS
December 19, 1994 | From Times Staff and Wire Reports
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.
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