LEGAL STANDING INCREASED WITH ENTERPRISE LAW
As the new Law on Enterprises comes with comprehensive adjustments to the issuance of shares, preferential rights for existing shareholders, and simplifies participation of foreign players in the market, experts predict a much more dynamic business environment in the years to come.
VN TIGHTENS CONTROL OF TEMPORARY IMPORT AND RE-EXPORT GOODS
From January 1, 2021, goods for temporary import for re-export and transit are imported or re-exported out of Viet Nam via terrestrial border, the import or re-export must be implemented at international border checkpoints or primary border checkpoints (bilateral border checkpoints).
INFLATION CONTROL CANNOT BE TAKEN LIGHTLY
Although many forecasts said that inflation would be controlled at less than four per cent this year, economists recommended it was still important to pay attention to inflationary pressures.
VN GOV'T ISSUES RESOLUTIONS ON SOCIO-ECONOMIC TARGETS, ENHANCING NATIONAL COMPETITIVENESS
The Vietnamese Government has just issued two resolutions on major socio-economic targets for 2021 and enhancing business environment and national competitiveness, on the heels of a successful 2020 despite the impacts of the COVID-19 pandemic.
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION 12/2020
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
CEBR: VN’S ECONOMY TO RANK 19TH BY 2035
In 2020, total trade volume was estimated at US$543.9 billion, up 5.1% against the previous year. Of the figure, export turnover rose 6.5% to US$281.5 billion while import value increased by 3.6% to US$262.4 billion.
FTAS EXPECTED TO PUSH VN INTO BECOMING MORE COMPETITIVE
New free trade agreements (FTAs), which were signed and took effect in 2020, are expected to push Viet Nam into becoming more competitive by reducing trading costs and improving its business environment.
DEVELOPER PORTFOLIOS IN RESTRUCTURE PHASE
According to Nguyen The Nhien, deputy general director of Hung Thinh Land, the group has had to scale down its business due to the pandemic, and is carrying out more market research into its investment strategy. “We are changing in the three key fields of developing more affordable products, offering reasonable price, and phasing out processes of payment to clients,” Nhien said.
