S.KOREA MAKES UP 41% OF JAN-APR FDI APPROVALS
[10-05-2016] South Korea’s foreign direct investment (FDI) in Vietnam picked up and accounted for 41.2% of all FDI approvals nationwide in the first four months of this year, according to the Foreign Investment Agency (FIA).
VN HAS NEW INT€™L AIRPORT
[11-05-2016] Cat Bi airport in northern Hai Phong city became an international airport from May 11 after going through upgrades. The Ministry of Transport has recently recognized that Cat Bi airport is qualified for international flights after the first phase of upgrading. So far, the airport servers both civil and military planes.
BUSINESS HIGHLIGHTS €“ MAY 2-8
[09-05-2016] Tough punishments on USD deposit interest rate ceiling violation, construction on a US$220 million wind power plant in Tra Vinh, fuel prices increasing VND600 per liter and Industrial Production Index (IPI) up 8% are highlights in the national economy from May 2-8.
CONCERNED FOR NEXT ECONOMIC GOALS
[10-05-2016] The slowing economy in the first quarter of 2016 fuelled concerns over next economic objectives since this will significantly impact macroeconomic policies in the next quarters if no suitable administrative solution is taken.
HANOI REAL ESTATE MARKET: WAVE ROARS IN THE WEST
[07-05-2016] The property market in the western region of Hanoi is becoming a "hot spot" on the real estate market in the capital city of Vietnam as a series of new big property projects invested by giant developers like Vingroup, TNR Holdings and FLC are embarked in addition to the resumption of long-postponed capital-short projects.
BANKS SLASH INTEREST RATES
[09-05-2016] Various banks have reduced their lending rates in response to the prime minister’s recent meeting with the business community. Last week, the state-owned giant Vietcombank adjusted its rates for mid- to long-term loans to 10 per cent a year, down from 10.5 per cent.
VN EXPECTED TO ISSUE 4G LICENSES THIS YEAR
[03-05-2016] The Ministry of Information and Communications is expected to issue 4G service licenses in Vietnam by the end of this year when local telecom firms have completed their pilot plans for the new service.
SMALL APPAREL FIRMS SEE ORDERS FALLING
[04-05-2016] Small and medium apparel enterprises struggled to survive in quarter one, with many of them suspending production, as their customers shifted their orders to Myanmar and Laos to enjoy lower prices, heard a business conference in HCMC last week.
