THE DIFFERENT FATES OF ENTERPRISES AFTER M&A DEALS
[24-06-2016] Some businesses have regained their strength after merger and acquisition (M&A) deals because foreign capital was pumped into the companies in a timely manner. Meanwhile, many others still are experiencing tough days.
CHANGE FOR GROWTH
[20-06-2016] As the biggest economic center of Vietnam, HCMC is feeling tied by a slew of prevailing regulations. It is desperate for a special governance mechanism so that the metropolis will be able to grow faster and thus fuel development in the rest of the nation. Over the years the most populous city of the country has repeatedly proposed a separate mechanism to unlock its huge potential.
HANOI FINDS INVESTORS FOR 43 PROJECTS
[17-06-2016] The government of Hanoi City is finding investors for 43 projects planned for implementation this year at a total cost of VND372.25 trillion (US$16.6 billion). Of the projects, the capital city needs a combined VND316.8 trillion for 10 projects to upgrade and build apartment buildings in Cau Giay, Ba Dinh, Dong Da, Hai Ba Trung and Hoang Mai districts.
EXPORT GROWTH SLOWS DOWN
[16-06-2016] According to the General Department of Vietnam Customs, by May 15, total exports and imports of Vietnam reached US$117 billion, up 0.8 percent compared to the same period of 2015. Thus, Vietnam has a trade surplus of US$1.23 billion, of which FDI enterprises contribute to 70 percent of export value.
TRADE SURPLUS EXCEEDS US$1.6 BLN IN FIVE MONTHS
[16-06-2016] Viet Nam’s two-way trade value reached US$133.246 billion in the first five months of 2016, including two import items and one export commodity joining the US$10 billion value club, according to the Viet Nam Customs. Of the figure, the export turnover attained US$67.444 billion, up 6.2% compared to the same period last year while the import value achieved US$65.805 billion, down 1,7%.
EU COMMISSION PUBLISHES GUIDE TO EU-VIETNAM FTA
[21-06-2016] The European Commission has published a guide to the EU-Vietnam Free Trade Agreement, to help businesses understand the outcome of the negotiations, what is actually in the FTA, and tools for taking advantage of the opportunities.
VN'S GROWTH AMONG STRONGEST IN LARGE DEVELOPING ASEAN ECONOMIES
[13-06-2016] This growth would be due to rising foreign direct investment, growing exports of manufactures and solid labour markets. Under the latest update of its Global Economic Prospects report, the WB forecast that among the large developing ASEAN economies, Vietnam and the Philippines have the strongest growth prospects.
FOREIGN INVESTMENT IN HANOI INCREASES BY THREE TIMES YEAR-ON-YEAR
[08-06-2016] The city’s industrial production index was estimated to increase by 7.7 per cent over the same period last year. Export revenue in the first five months of the year reached US$4.314 billion, a year-on-year increase of 0.3 per cent, while the year-to-date import revenue reached US $9.281 billion, down by 6.2 per cent over the corresponding period last year.
