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LEGAL UPDATE / POLICY

SIX LAWS TAKE EFFECT SINCE JULY

A series of new laws on anti-corruption, university education, public security, coast guard, amnesty, and competition shall come into effect since July, 2019.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM CUTS IM-EXPORT TARIFFS UNDER CPTPP PACT

Prime Minister Nguyen Xuan Phuc has signed a decree enacting two Schedules on preferential export/import rates, which brings provisions of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) into force.

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GARMENT / TEXTILE

UNLISTED PUBLIC COMPANY MARKET PROMISES INVESTORS BETTER PERFORMANCE

The improvement of the legal framework has been a boost to the market's performance. In the first six years of operation, there were only 169 companies on UPCoM with average daily trading value of VND15 billion (US$544,300).

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

PM TELLS NORTHERN REGION TO OPTIMISE ADVANTAGES FOR STRONGER DEVELOPMENT

The Government leader highlighted the region’s strategic importance in terms of politics, society-economy and defence-security, adding that it was the second biggest economic region in the country and the only region where all localities contributed to the central budget.

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BANKING / FINANCE / INSURANCE / TAX

BANKS BOOST RETAIL LENDING FOR SOLAR ENERGY

Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives. As solar energy gains popularity in Vietnam, lenders are looking to finance consumers who want to install solar panels in their own homes.

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PROPERTY / INDUSTRIAL ZONE

PROPERTY MARKET HEATS UP IN BINH PHUOC

Industries that will be developed within these clusters include agro-forestry product processing, and manufacture of rubber and plastic products, metal products, electronic products, engine vehicles, textiles and apparel. These clusters are expected to create around 30,000 jobs.

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PROPERTY / INDUSTRIAL ZONE

HOW DEEP C INDUSTRIAL ZONES BECOME INVESTORS’ CHOICE

To date, DEEP C has attracted 100-plus projects funded by multinational enterprises from USA, Japan, Germany, South Korea, etc. with a total investment of over US$3.5 billion. Prominent investors in DEEP C include Bridgestone, JX Nippon Oil & Energy, Chevron, PV Oil, C. Steinweg and Flat Group.

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CHARITY / EXHIBITION / OTHER EVENTS

SEMINAR ON HOW TO BECOME A DATA-DRIVEN COMPANY JUNE 2019

The dawn of the 4th industrial revolution also marked the transformation of data and how it can be used. In today's world any company who wishes to be successful needs to equip themselves with the knowledge on how to collect, interpret, and utilise various forms of data.


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