REAL ESTATE MARKET: SEVERAL POSITIVE SIGNS IN Q2
The Vietnam Real Estate Association (VNREA) said that since banks raised long-term deposit rates (through certificates of deposit), lending rates have been placed under growing upward pressures. This may adversely affect the real estate market. However, the second quarter is expected to witness better performance.
BANKS SEEK INCREASED CHARTER CAPITAL
It is the bank shareholders meeting season, and topping the agenda, besides the dividend payout ratio, is increasing their regulatory capital. On April 15 Techcombank announced it would hike its charter capital by VND5 trillion (US$220 million) to nearly VND14 trillion ($616 million) this year by selling more shares.
HA NAM AIMS TO ATTRACT 150 PROJECTS IN FOUR YEARS
The northern province of Ha Nam aims to lure 130-150 projects to its industrial parks (IP) in 2017-2020, with total investment of up to VND50 trillion (US$2.19 billion), including US$1.5-1.8 billion in foreign investment.
APPAREL EXPORT TO EU MUST MEET RULES OF ORIGIN
To provide information about the rules of origin in the EU-Vietnam Free Trade Agreement (EVFTA), the mechanism of origin self-certification, as well as experience of other countries around the world for Vietnamese garment and textile enterprises, the Vietnam Textile and Apparel Association (Vitas) recently cooperated with the European Trade Policy and Investment Support Project (EU-MUTRAP) to hold a workshop on “ Vietnam Textile and Garment Conference on Rules of Origin in the EVFTA Agreement.”
16 LEGAL DOCUMENTS ISSUED IN MARCH
The Government and the PM issued 16 legal documents, including 10 Decrees and six Decisions in March 2017. The Government issued a Decree No. 23/2017/NĐ-CP on amending and supplementing Decree No. 162/2013/NĐ-CP on sanctioning administrative violations in the sea areas and the continental shelf of Viet Nam.
POLICIES TAKE EFFECT IN MAY
From May 5, acts of delivering advertisement brochures, if causing negative impacts on social and traffic order and safety, shall be fined from VND 200,000 to VND 500,000.
LONG AN TAKES LEAD IN ATTRACTING FDI IN MEKONG DELTA
The southern province of Long An has launched a number of measures to improve the investment environment and raise the provincial competitiveness index (PCI). By 2020, the province strives to become a modern and sustainable industrial province.
WEBINAR “GOING FOR GOLD: INVESTING IN VIETNAM”
Two experienced market entry experts, Dr. Nguyen Cong Ai and Mr. Huynh Nhan, will provide an overview of the current macroeconomic conditions for investment in Vietnam, as well as their insights into market entry opportunities, trends, and issues.
