VMAC BUILDS STRATEGY FOR DEBT TRADING
The Việt Nam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Việt Nam this year, in which it will play a central role to promote the development of the debt trading market.
DELOITTE TAX ALERT - UPDATES ON THE DRAFT AMENDED LABOR CODE
As you may be aware, the draft amended Labor Code has been widely circulated to seek comments from relevant authorities and the business community. In this Alert, we would like to update you on the notable proposals in the latest draft amended Labor Code, which could have significant business and social impacts as follows:
NA PASSES ARCHITECTURE LAW
The law regulates operational principles on architecture in accordance with development orientations, urban planning, rural planning, in response to socio-economic development demands, national defense, security, environmental protection, appropriate use of natural resources, climate change and natural disaster response, selective reception of world architecture elites, scientific and high-tech applications.
WORLD BANK OFFERS NEW CREDIT TO DEVELOP URBAN CENTRES
The World Bank (WB) Board of Executive Directors yesterday approved a US$194.36 million credit plan to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning.
VNA PLANS US$80 MILLION LOGISTICS PROJECT IN CAN THO
The Mekong Delta is the country’s largest agricultural production area and has seen growing demand for air cargo transportation, especially for high-value items for export. In 2017, the volume of goods transported from the region through Tan Son Nhat airport in HCMC exceeded 70,000 tons.
YEAR-END PROPERTY MARKET TREND: POSITIVE SHIFT TOWARD MORE SUSTAINABILITY
Vietnam’s real estate market will positively shift toward more sustainability from now until the end of 2019, according to real estate experts. However, tightening property credits by the banking system will make investors more cautious, resulting in more selective development.
POLICY KEY TO BOOSTING VIET NAM’S DIGITAL ECONOMY, SAY EXPERTS
The Ministry of Industry and Trade (MoIT)’s key task is to evaluate the building and adjustment of policies to support the development of the digital economy, according to Deputy Minister Cao Quốc Hưng.
VIET NAM’S CREDIT GROWTH EXPANDS BY 5.07% IN FIVE MONTHS
The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported.
