Business News

[12-01-2016] Long An leads the Mekong Delta region in foreign direct investment (FDI) attraction with 105 projects licensed in 2015 with a total registered capital of US$904 million. Among provinces and cities in the Mekong Delta,  Long An granted investment licences to 105 FDI projects with a total registered capital of US$904 million in 2015, an increase of 10 projects and US$533 million in capital, compared to the previous year.

[12-01-2016] Prime Minister Nguyen Tan Dung recently signed a decision to allocate socioeconomic development tasks and plans to eight ministries, namely the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Public Security, the Ministry of National Defence, the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Health, and the Ministry of Labour, Invalids and Social Affairs.

[12-01-2016] Industrial production and trade performance were boosted to achieve positive results in 2015, according to the review report by the Ministry of Industry and Trade.

[12-01-2016] The Vietnamese government need to work together with private sector importers, exporters and transport companies to improve freight logistics if the Southeast Asian country is to maintain its current rate of growth, according to the World Bank report released last week.

[07-01-2016] The Ministry of Planning and Investment last week introduced the long-awaited official list of investment conditions that apply to foreign investors. The investor community can now put their minds at ease following the Ministry of Planning and Investment’s (MPI) announcement.

[06-01-2016] Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to have a minimum US$10 billion of assets at the end of the previous year as of February 8. Under Circular 30/2015/TT-NHNN recently issued by the State Bank of Viet Nam, these institutions also have to operate profitably for three consecutive financial years prior to the year they file for licensing.

[06-01-2016] The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.

[06-01-2016]  A string of Free Trade Agreements (FTAs) made ‘bumper’ debut in 2015, creating a solid foundation for 2016 which is so-called the year of economic integration.