HIGH-TECH FDI DRIVES VIETNAM’S ECONOMIC EVOLUTION
Vietnam’s economic growth has been accelerating this year, and so the World Bank (WB), International Monetary Fund (IMF) and others have sharply revised up their GDP growth forecasts for the country, with an increasing number of economists now expecting it to exceed 8% this year. This has prompted investors to ask what is different in Vietnam and why.
MOF CLARIFIES LAW ON PRIZE ELECTRONIC GAMES FOR FOREIGNERS
Circular No. 39/2022/TT-BTC guides the implementation of Decree No. 121/2021/ND-CP and stipulates the appraisal fee for the grant and extension of business certificates at VND150 million (US$6,428), while that for the re-grant and adjustment stands at $5 million.
“REINFORCING MACROECONOMIC FOUNDATION, PROMOTING SUSTAINABLE RECOVERY AND DEVELOPMENT”
This is the theme of the Vietnam Socio-Economic Forum 2022, an annual event of the National Assembly co-organized by the National Assembly Economic Committee, the Central Economic Commission, the Ho Chi Minh National Academy of Politics and the Vietnam National Academy of Social Sciences.
MOF PROPOSES TO REDUCE IMPORT TAX ON GASOLINE AND ETHANOL GOODS
In earlier September, the Ministry of Finance (MoF) finalised the draft Decree of the export tariff schedule and the preferential import tariff schedule, following the prime minister's decision on the introduction of import tax rates for gasoline and ethanol products.
HO CHI MINH CITY: MANY INFRASTRUCTURE WORKS SOON TO RECEIVE CLEARED SPACE FOR EXECUTION
The construction of a string of important infrastructure works which have been trapped by space woes in the southern growth engine of Ho Chi Minh City will resume pace in the fourth quarter of this year and in early 2023 after acquiring cleared land.
M&A DEALS IN VIETNAM REACH NEARLY $5 BILLION IN H1
Du Vinh Tran, EY’s Indochina strategy and transactions leader, said: “In the Vietnamese market, we still observed a strong growth of PE and VC investments during the first half of the year despite some turbulence in equity and debt markets.”
HCM CITY SEEKS INVESTORS FOR WASTEWATER TREATMENT PROJECTS
In recent years, the amount of wastewater discharged into the environment has continuously increased. Between 2018 and 2021, the average wastewater volume is estimated to have increased by 6.7 per cent each year.
SINGAPORE, VIET NAM TO FURTHER ENHANCE STRATEGIC PARTNERSHIP
Viet Nam is an important economic partner of Singapore in the region and Singapore wishes to further develop its strategic partnership with Việt Nam, said Deputy Prime Minister and Coordinating Minister for Economic Policies of Singapore Heng Swee Keat.
