STATE BANK STEPS IN TO REDUCE LENDING RATES
[19-09-2016] The State Bank of Vietnam (SBV) has made further efforts to reduce lending rates and strengthen support for businesses. According to SBV Deputy Governor Nguyen Thi Hong, maintaining interest rates stability is seen as a difficult task, given forecast for higher inflation.
VIETNAM TARIFFS FOR ASEAN IMPORTS GO INTO EFFECT
[19-09-2016] Vietnam’s new import tariff, part of the ASEAN Trade in Goods Agreement (ATIGA) for 2016-18, has come into force. Decree No 129/2016/ND-CP, which was issued on September 1 and took effect the same day, states that the tariff is to be applied to goods directly transported from exporting countries into Vietnam.
PM MEETS CHIEF EXECUTIVE OF HONG KONG SPECIAL ADMINISTRATIVE REGION
[16-09-2016] PM Nguyen Xuan Phuc suggested expanding bilateral economic, trade and investment ties during a meeting with Chief Executive of the Hong Kong Special Administrative Region Leung Chun-ying in Hong Kong on September 15.
PRESENTATIONS OF HSBC ANNUAL BUSINESS LUNCHEON "STEP INTO THE FUTURE" SEP. 2016
[15-09-2016] If you have missed the HSBC Annual Business Luncheon “Step into the Future” - Vietnam's economic prospects: Every cloud has a silver lining! in HCMC on Sept. 13, 2016 and Hanoi on Sep. 14, 2016.
VIETNAM'S FIRST CHARTER AIRLINE TO FLY IN 2017
[14-09-2016] According to a source of VIR, Civil Aviation Authority of Vietnam (CAAV) has finished reviewing the dossier that Vietstar One-member Co., Ltd. earlier submitted to gain a license to provide air transport services.
VNAT: FOREIGNERS CAN MANAGE TOURISM DEVELOPMENT FUND
[13-09-2016] Individuals, firms, tourism associations and financial institutions at home and abroad will have the opportunity to manage a tourism development assistance fund planned to be established in September, according to the Vietnam National Administration of Tourism (VNAT).
FDI€ˆKEEPS SIGHTS ON HO CHI MINH CITY REALTY
[14-09-2016] Foreign direct investment in Ho Chi Minh City’s real estate sector continues to rise across residential, office, and retail segments. In the first eight months of 2016, the city’s real estate sector attracted the most foreign direct investment, with capital of $318.9 million so far disbursed. Singapore is the top investor in the local real estate sector, followed by Japan and Korea.
FOREIGNERS STILL HESITANT ABOUT LEASING LAND IN VIETNAM
[13-09-2016] Before 2009, it was not possible for a foreign investor to legally acquire a tenancy interest in land for commercial business purposes in Vietnam. As a result of the passage of new legislation since 2009, it is now possible under a limited number of circumstances for foreigners to acquire a long-term tenancy in land for use such as for a factory, warehouse, retail, wholesale or office space.
