Business News

[17-06-2015] The Nghi Son Economic Zone in the central province of Thanh Hoa is expected to become a multi-sector industrial complex focusing on petrochemical refineries and basic industries in the near future.

[16-06-2015]  According to the Ho Chi Minh Stock Exchange, Saigon Port Company Limited will make its initial public offering (IPO) on June 30. Last year the State-owned port's pre-tax profit was VND79 billion (US$3.64 million) on consolidated turnover of VND1.073 trillion (US$49.45 million).

[12-06-2015] Enterprises in Vietnam spent US$712 million importing 447,000 tons of cotton in the first five months of this year, up 35.2% in volume and 8.9% in value compared to the same period last year. The volume included 105,000 tons of cotton worth US$166 million, growing 39.1% in volume and 8.9% in value, Vietnam Television (VTV) reports, citing figures of the Vietnam Textile and Garment Association (Vitas).

[10-06-2015] The Vietnam property market is becoming more vibrant, which helps increase the liquidity of the market. As the supply and demand of the market are growing, competition will become fiercer; supply continues to be raised and people believe that the market is entering a new race.

[16-06-2015] Frasers' newsletter is designed to provide you with practical and commercial legal news in relation to key legal developments in Vietnam, and how such developments may affect you and your business. Frasers' newsletter is designed to be an interesting and informative read, but does not constitute legal advice. If you would like further information on any of the subjects discussed in newsletter, please contact Frasers on email: legalenquiries@frasersvn.com.

[10-06-2015] The General Department od Taxation (''GDT'') recently has assessed the actual preformance of tax audit, tax inspection and tax debt for the first 4 months of 2015, and proposed an action plan for the rest of 2015 in order to reach the outline target of state budget collection and tax audit base on risk management methodology.

[09-06-2015] The Vietnamese government has green-lighted several proposals, including waiving visas for more nations, to revive the country’s troubled tourist industry. The Vietnam National Administration of Tourism (VNAT) and the Ministry of Culture, Sports, and Tourism have repeatedly called on the government to enact measures to ‘save’ the tourist industry, which has reported declining tourist arrival numbers for 12 months in a row, since May 2014.

[08-06-0215] The high-end property segment is warming up along with the recovery of the realty market this year. Many high-profile projects have started construction or have been released for sale, attracting a large number of buyers due to the promise of profits.