MA IN REAL ESTATE SECTOR TO INCREASE IN 2018
Merger and acquisition (M&A) deals in Viet Nam’s real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.
FDI FOR INFRASTRUCTURE CONSTRUCTION: CONSISTENT SOLUTION NEEDED
Infrastructure is the foundation to draw FDI flows to any country. In fact, countries with poor infrastructure will find it difficult to catch the interest of foreign investor. To break this vicious cycle, the Government of Vietnam has focused on resolving infrastructure investment issues. In the context of the tight state budget, mobilising FDI flows for infrastructure development is prioritised.
PROPERTY M&A TREND HIGHER IN 2017
Both in terms of quantity and quality, 2017 has shaped up to be a landmark year for mergers and acquisitions in the property sector. According to Phan Xuan Can, director of SohoVietnam, a mergers-and-acquisition (M&A) broker for many large-scale projects, Vietnam’s real estate market is attracting M&A notice from developers, investors, and brokers alike.
VIETNAM'S MINIMUM WAGES TO INCREASE BY 6.5 PER CENT IN 2018
The minimum wage will be officially increased from January 1, 2018 by an extra VND180,000-230,000 ($8.07-10.13), depending on the region. The government has issued Decree No.141/2017/ND-CP, amending regional minimum wages for workers employed under a labour contract. Accordingly, the increase stands at an average of 6.5 per cent (See chart below).
NEW MEASURES NEEDED TO DEVELOP LOGISTICS SECTOR
It is necessary to take new measures to improve the competitiveness of local logistics companies, said Minister of Industry and Trade Tran Tuan Anh at the Vietnam Logistics Forum 2017 in Hanoi City last Friday.
IMPROVING INFRASTRUCTURE AND ECONOMIC CONNECTIVITY IN NORTHERN AND CENTRAL PROVINCES
The Asian Development Bank (ADB) has approved two loans with a total value of $299 million for Vietnam, according to the bank's announcement on December 18.
GARMENTS AND TEXTILES FETCH US$ 31 BILLION
Overseas shipment of garments and textiles was expected to fetch US$ 31 billion, representing a year-on-year growth of 10.23%, according to the Viet Nam Textile and Apparel Association (VITAS).
TEXTILE AND GARMENT SECTOR STANDS TO BENEFIT FROM EVFTA
The EU-Vietnam Free Trade Agreement will offer direct opportunities to Vietnam to upgrade its textile and garment sector. EU-MUTRAP team leader Claudio Dordi said that thanks to the EU-Vietnam Free Trade Agreement (EVFTA) expected to be signed next year, there will be ample opportunities to upgrade the value chain for the textile and garment sector as the EVFTA will provide tariff preferences to Vietnamese exporters to the EU.
