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VIETNAM ECONOMY INVESTMENT

LOGISTICS PROVIDERS IN HONG KONG EYE VIETNAMESE MARKET

A delegation of more than 10 members of the Hong Kong Logistics Development Council (LOGSCOUNCIL) paid a four-day visit to Vietnam on October 10 to explore partnership opportunities. The delegation was led by the Secretary for Transport and Logistics, Lam Sai-hung.

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VIETNAM ECONOMY INVESTMENT

FOREIGN-INVESTED ENTERPRISES IN BAC GIANG TO RECRUIT THOUSANDS OF EMPLOYEES

Several foreign-invested enterprises in the northern province of Bac Giang want to recruit dozens of thousands of employees to expand their operations. According to Bac Giang Industrial Zones Management Authority, in the first quarter of 2024, many foreign-invested enterprises (FIEs) in local industrial parks are seeing growth and want to expand.

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VIETNAM ECONOMY INVESTMENT

DECREE ON CORPORATE, PERSONAL INCOME TAX EXEMPTION IN HCM CITY ISSUED

The Government has issued a decree which provides special policy mechanisms for corporate and personal income tax exemption in HCM City. The move comes as a response to Resolution 98, a National Assembly-approved resolution on piloting special mechanisms and policies for the development of HCM City.

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VIETNAM ECONOMY INVESTMENT

ASEAN MANUFACTURING SECTOR SEES SLIGHT IMPROVEMENT

There are some new and slight improvement across the ASEAN manufacturing sector in January, according to S&P Global Ratings, with the headline ASEAN manufacturing PMI rising from 49.7 in December to 50.3. Manufacturers continued to be optimistic about the 12-month output outlook. Growth was recorded across four of the seven ASEAN members.

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VIETNAM ECONOMY INVESTMENT

NEW LAND LAW, NEW MOMENTUM FOR VIỆT NAM TO BECOME HIGH-INCOME COUNTRY

The amended Land Law which was passed at the 15th National Assembly’s fifth extraordinary session in mid-January is expected to provide a firm legal framework to enhance land management efficiency and create new momentum for Việt Nam to become a high-income country by 2045.

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VIETNAM ECONOMY INVESTMENT

HCM CITY SEEKS INVESTORS FOR WASTEWATER TREATMENT PLANTS

HCM City is calling for investment in three planned wastewater treatment projects to treat about 365,000 cubic metres of wastewater a day in Thủ Đức City. The planned wastewater treatment projects include Bắc Sài Gòn 1 with a capacity of 700,000cu.m per day, Bắc Sài Gòn 2 with a capacity of 130,000cu.m per day and Suối Nhum with a capacity of 65,000cu.m per day.

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VIETNAM ECONOMY INVESTMENT

HCMC’S JANUARY CPI RISES 2.76% Y-O-Y

HCMC’s consumer price index (CPI) edged up 2.76% year-on-year in January 2024, according to the city’s Statistics Office. This figure was lower than the national average of 3.37%. The country’s inflation target is at below 4% for this year.

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VIETNAM ECONOMY INVESTMENT

NEW LAND LAW, NEW MOMENTUM FOR VIỆT NAM TO BECOME HIGH-INCOME COUNTRY

The amended Land Law which was passed at the 15th National Assembly’s fifth extraordinary session in mid-January is expected to provide a firm legal framework to enhance land management efficiency and create new momentum for Việt Nam to become a high-income country by 2045.


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