APPAREL FIRMS WORRY ABOUT 2017 WAGE HIKE PLAN
[04-08-2016] A number of enterprises in the labor-intensive textile-garment industry have expressed concern over the National Wage Council’s plan to increase the region-based minimum wages by 7.3% on average next year, saying the cost burden would be heavier for them.
AMATA TO BUILD SECOND IZ IN VIETNAM
[04-08-2016] The company says the project will be built on nearly 1,300ha, 40 per cent of land will be an industrial estate and 60 per cent will be accommodations and commercial buildings. Amata chief executive officer Somhatai Panichewa said total investment for the project is estimated at US$800 million.
NEW DECREE ON CONDITIONS TO ESTABLISH TISSUE BANK
[04-08-2016] The Prime Minister has issued Decree No 118/2016/ND-CP to adjust or supplement some articles of Decree No 56/2008/ND-CP on the organisation and operation of tissue banks and the National Coordination Centre for Human Organ Transplantation.
JAN-JUL FDI APPROVALS NEAR US$13 BILLION
[01-08-2016] Foreign direct investment (FDI) approvals have amounted to US$1.65 billion in July, taking the January-July total to nearly US$13 billion, according to the Ministry of Planning and Investment.
THUA THIEN-HUE AIMS TO BECOME FASHION INDUSTRY HUB
[01-08-2016] The central Thua Thien-Hue Province plans to spend more than VND6.6 trillion (US$295 million) on transforming itself into a textile and garment hub in the country's central region. This is the main objective of the province's textile and garment planning for the 2016-2020 period.
SERIES OF FRESH POLICIES TAKE EFFECT IN AUGUST
[01-08-2016] A string of new policies on tougher fires on transport violations and amendment of labor export regulations shall take effect in August.
BR-VT WANTS ROAD ACCESS TO PORTS IMPROVED
[29-07-2016] The authority of Ba Ria-Vung Tau (BR-VT) has sought the Government’s support to improve road and waterway access to Cai Mep-Thi Vai port complex to enable it to handle more cargo and bigger container ships.
BANKS RAISE DEPOSIT INTEREST RATES
[01-08-2016] Many commercial banks have raised deposit interest rates over the past few weeks, generating concern about an imminent lending interest rate hike. Maritime Bank is the latest bank to have raised its short-term Vietnamese đồng deposit rates by 0.2 per cent per year, to touch 4.9-5.2 per cent as of July 26.
