NEW POLICIES NEEDED TO MEET WORKERS’ HOUSING NEEDS
The city has 17 industrial and export processing zones, one high-tech park and 16 industrial clusters, with over 1,600 enterprises and nearly 380,000 labourers. Of the number, about 65 per cent of them are migrants.
VIETNAM’S NON-CASH PAYMENT MARKET BOOMS IN Q1
The figures suggest that mobile transaction has turned more popular in Vietnam, in tandem with the Government’s push for the development of non-cash payment methods, according to the Payment Department under the State Bank of Vietnam.
AT A LOSS OVER FTAS
The textile and garment industry may fail to take tariff advantage from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam-EU Free Trade Agreement (EVFTA) as it cannot tackle the issue of local materials. Meanwhile, the Government and local authorities are still undecided over the planning for the industry.
TAX REDUCTION FOR MEDIUM-SIZED FIRMS MAY PROMPT UNFAIR COMPETITION: MINISTRY
If a corporate income tax reduction is proposed for micro, small and medium enterprises as a whole, nearly all enterprises will be subject to the incentive, which may lead to unfair competition among them, stated Nguyen Quoc Hung, deputy director of the Tax Policy Department under the Ministry of Finance.
CORDIAL DISCUSSION ON CURRENCY MANIPULATION RUMOURS
Deputy Prime Minister Vuong Dinh Hue last week arranged a phone call with US Treasury Secretary Steven Mnuchin to discuss a number of bilateral topics. High on the list was Vietnam’s currency and foreign exchange policy, which recently came into the spotlight as Vietnam ran the risk of being labelled as a “currency manipulator” by the US Treasury.
CREATING BREAKOUT MOMENTUM FOR INDUSTRIAL PROPERTY
Vietnam’s new policies on industrial property such as industrial restructuring strategy, new legal frameworks for management of industrial zones and economic zones, have also opened many opportunities for industrial zone development across the country, thus facilitating businesses and investors to invest in this market.
TWO WEEKS TO GO! LIN ANNUAL CROSS-SECTOR CONFERENCE: PARTNERSHIPS, IMPACT, SUSTAINABILITY & PRE-CONFERENCE TRAINING DAY
As a Supporter of the LIN Annual Cross-Sector Conference 2019, (insert your name) is delighted to see such a fantastic line-up of representatives from organizations, companies, government and civil society that will talk partnerships, impact and sustainability with themes from leadership; CSR; Sustainable Development Goals (SDGs); supply chain; strategic philanthropy; community engagement; reporting and communications and more.
HCM CITY: 46.8 PERCENT OF FDI GOES TO PROPERTY SECTOR
According to the municipal Department of Planning and Investment, the British Virgin Islands was the largest investor by pouring 71.59 million USD into the sector, accounting for 43.5 percent of realty investment. The Republic of Korea came second with 19.5 percent, followed by Japan (10 percent), Singapore (5.7 percent) and China’s Hong Kong (3.4 percent).
