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.
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.
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.
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.
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.
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.
FDI 2024: OPPORTUNITY TO ATTRACT HIGH-QUALITY CAPITAL INFLOWS
Amid existing difficulties, foreign direct investment (FDI) attraction became a bright spot in the economic picture in 2023. In 2024, FDI flows are forecast by experts to continue landing on Vietnam, especially in semiconductor, high technology and high value-added products. To find out more, our reporter has an interview with Mr. Nguyen Chi Dung, Minister of Planning and Investment.
CORPORATE BOND MARKET STAYS QUIET AT THE BEGINNING OF 2024
No corporate bond issuances have been reported as of January 24, according to data from the Hà Nội Stock Exchange (HNX) and the State Securities Commission (SSC). However, there has been consistent activity in the repurchase of bonds before maturity, with companies buying back nearly VNĐ4.3 trillion (US$17.5 million) worth of bonds.
