VBF: REVIEWING & LISTING DIFFICULTIES/CONFLICTS DURING THE ADOPTION OF INVESTMENT. & ENT LAWS
[30-05-2016] Ministry of Planning and Investment (“MPI”) repeatedly asked VBF’s strong support in thoroughly reviewing, bringing up and listing all difficulties, obstacles and conflicts during the implementation/adoption process of Investment & Enterprise Laws in relation/reference to other specialized Laws in all sectors such as: Laws on Land, Securities, Environment, Construction, Tourism, Banking…
EVENT FOR BUSINESS LEADERS: €œCHANGE FOR GROWTH€ WITH 20% DISCOUNT FOR HKBAV MEMBERS
[25-05-2016] As the economy is changing at a faster and faster rate with technological innovation, shifting consumer expectation, unexpected external changes and intensive global integration ...; all those which require Business Leaders adapting to change effectively if they do not want to fall behind or result in being forgotten.
AMENDMENTS TO EXPORT AND IMPORT TAX LAW: MORE ADVANTAGES FOR BUSINESSES
[25-05-2016] The Law on the Export and Import Tax (as amended) has been passed by the National Assembly and shall take effect from September 1, 2016. This amendment includes new tax regulations. Preferential tax rates are separated into preferential tax rates, special tax rates and ordinary tax rates.
PM APPROVES HI-TECH BIOTECHNOLOGY PARK
[25-05-2016] The Prime Minister has approved the establishment of a provincial level Hi-Tech Biotechnology Park in the southern province of Dong Nai. The park, which will cover an area of 207.8 hectares in Cam My District, will carry out research, incubation, development and the application and transfer of high-tech biotechnology as well as training related human resources.
FOREIGN FIRMS SNATCH UP LOCAL LOGISTICS INDUSTRY
[24-05-2016] According to Japan’s investment firm Seiko Consult in Hanoi, Vietnam’s logistics industry might become completely dominated by foreign firms which are trying to purchase large stakes from local partners.
DEPOSIT INTEREST RATES UNDER PRESSURE TO INCREASE
[23-05-2016] Pressure from ensuring liquidity, meeting rising credit demands and purchasing Government bonds has caused commercial banks to hike their savings interest rates to attract depositors.
REAL ESTATE HEAT WAVE THAWS PROJECTS ON ICE
[23-05-2016] Vietnam’s real estate market has been experiencing something of a heatwave over the past few months. JLL Vietnam country head, Stephen Wyatt, said that with the economy back on track, the property market had gathered momentum over the past 18 months, focused mainly on the residential sectors in major cities like Ho Chi Minh City and Hanoi.
CONSUMER FINANCE MARKET SOARS
[20-05-2016] Viet Nam’s consumer loans hit a five-year record high of US$15.12 billion last year, according to a new report from local market research company StoxPlus. The amount, which was up 44 per cent against 2014, accounted for 10.4 per cent of the country’s GDP and 6.8 per cent of the economy’s total outstanding loans, the report said.
