Business News

[29-01-2015] According to a report by Savills Vietnam on the real estate market of Hanoi, in the the fourth quarter of 2014, the real estate market of Vietnam showed a strong recovery. The risks to projects are now lower, widening the opportunity for investors to participate in the market in 2015.

[29-01-2015] Prime Minister Nguyen Tan Dung has issued special policies for the Van Don Economic Zone in Quang Ninh to invite more investment to the zone as well as the province. PM Dung has added the economic zone (EZ) to the list of coastal EZs to allocate investment for development from the state budget in the 2013-15 period.

[03-02-2015] The Vietnam Business Forum’s (VBF), along with the International Institute for Sustainable Development (IISD), United Nations Development Programme (UNDP) and the Central Institute for Economic Management (CIEM) is working  with foreign investors in Vietnam, as per a Ministry of Planning and Investment request, to determine the effects of Vietnam’s energy pricing and supply policy on foreign investors and the country as a destination for foreign investment.

[02-02-2015] The Alert update on Decree No. 08/2015/NĐ-CP, dated 21 January 2015 by the Government, providing guidance on the Law on Customs No. 54/2014/QH13. The Decree shall take effect from 15 March 2015, replacing Decree No. 154/2005/NĐ-CP dated 15/12/2005 and other related regulations.

[23-01-2015] Vietnamese garment and textile companies are targeting a total export turnover of an estimated USD3 billion to the Republic of Korea this year, Vietnam Investment Review reported. The total export turnover of Vietnam's textile and garment sector to the RoK reached USD2.4 billion last year, an increase of 27 percent compared to 2013.

[20-01-2015] The 2012 Labor Code which took effect on July 1, 2013 remains confusing to many businesses due to unclear language. Ho Xuan Dung, deputy general director of Windsor, said the regulations on calculating wages for laborers who work overtime are unclear.

[20-01-2015] Rising demand has led property inventory value to decline 21.8% against a year ago to more than VND73.8 trillion (US$3.46 billion), according to a recent report of the Ministry of Construction. The ministry said in the report that there were around 11,450 successful housing transactions in Hanoi and some 10,350 transactions in HCMC last year, a two-fold increase in the capital and a surge of 30% in HCMC.

[20-01-2015] Local authorities have been warned to think carefully before welcoming more foreign textile and garment investors, as they could likely suffer in the future. Vietnam in recent years has become an ideal destination for foreign textile & garment investors, especially the Chinese.