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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CUSTOMS CLEARANCE RESUMED AT LAO CAI BORDER GATE

Competent forces of Vietnam and China on February 8 resumed customs clearance for exports and imports at Kim Thanh International Border Gate No. 2 in the northern province of Lao Cai.

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LEGAL UPDATE / POLICY

EIGHT DECREES, ONE CIRCULAR TAKE EFFECT IN FEBRUARY

The legal documents include new regulations on  foreign exchange management regarding foreign currency funding of microfinance, socio-political organizations and non-governmental organizations.

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PROPERTY / INDUSTRIAL ZONE

HAI PHONG EYES NEW INDUSTRIAL ZONES THIS YEAR

Among these zones are the 752ha Xuan Cau-Cat Hai industrial and non-tariff zone worth more than VND14.1 trillion (US$61 million), and the 93.3ha Cau Cuu-An Lao IZ expected to cost VND845 billion ($36.3 million). The two projects are being verified by the Ministry of Planning and Investment and will be submitted to the Prime Minister for approval later.

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PROPERTY / INDUSTRIAL ZONE

HO CHI MINH CITY LUXURY RESIDENTIAL MARKET SHOWS BRIGHT PROSPECTS FOR 2020

Property Insight – a multi-dimensional and in-depth information channel on the real estate market – in collaboration with CBRE Vietnam, recently organised the Property Insight – Residential Market Outlook for 2020 seminar. The programme provided investors, real estate developers, and homebuyers an overview of the domestic market in 2019 and forecasts for 2020.

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HOSPITALITY / TOURISM / ENTERTAINMENT

ABOUNT ON RESTRICTING ENTRY FOR PASSENGERS FROM/ VIA MAINLAND CHINA

According to letter No. 134/CVMN-GSDV about on restricting entry for passengers from/ via Mainland China for controlling the impact Novel Coronavirus on Feb 04, 2020. From 07:00, Feb 04, 2020 to 6:59 May 02, 2020, at all international airports in Vietnam, will not grant entry to Non-Vietnamese Citizen who have been in or transited Mainland China within 14 days before coming to Vietnam.

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BANKING / FINANCE / INSURANCE / TAX

PM APPROVES NATIONAL FINANCIAL INCLUSION STRATEGY UNTIL 2025

The strategy is aimed to ensure individuals and enterprises, particularly low-income and vulnerable people, medium-, small- and micro-sized enterprises, to have access to basic financial products and services, such as payment, money transfer, saving, credit and insurance, in a convenient way and at affordable prices.

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PROPERTY / INDUSTRIAL ZONE

HCM CITY PROPERTY MARKET A MAGNET FOR FOREIGN INVESTORS

Besides, foreign investors would insist on higher standards, which would require Vietnamese property businesses to raise their standards and improve transparency, he added.

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PROPERTY / INDUSTRIAL ZONE

LOCAL PROPERTY MARKET TO RECOVER THIS YEAR

Nguyen Tran Nam, chairman of the Viet Nam Real Estate Association, was quoted by dantri.com.vn as saying that Viet Nam’s real estate market was in a good place to grow this year and beyond thanks to the strong development of the macro-economy.


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