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VIETNAM ECONOMY INVESTMENT

OPENING THE WAY FOR BUSINESSES TO JOIN GLOBAL SUPPLY CHAINS

To join global supply chains, in addition to efforts for higher product quality to meet international standards, companies still have many thorny issues to be addressed, for example, trade promotion, partner searching, cargo insurance, transportation and payment.

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GARMENT / TEXTILE

JAPANESE CAPITAL CONTINUES POURING INTO TEXTILE AND GARMENT

Japanese firms are scaling up investment into Vietnam’s textile and garment sector to take advantage of the huge market potential and Vietnam’s new-generation free trade agreements.

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PROPERTY / INDUSTRIAL ZONE

PROPERTY FIRMS LOOK TO STOCKS FOR CAPITAL

With banks tightening credit to the property sector, developers should look at the stock market for capital, experts told a workshop on “Potential and opportunities for investment in property stocks on Friday.

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BANKING / FINANCE / INSURANCE / TAX

WORLD BANK PROMISES $200 BN IN 2021-25 CLIMATE CASH

The World Bank on Monday unveiled US$200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding. The World Bank said the move, coinciding with a UN climate summit meeting of some 200 nations in Poland, represented a "significantly ramped up ambition" to tackle climate change, "sending an important signal to the wider global community to do the same."

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VIETNAM ECONOMY INVESTMENT

OVER 83,000 FIRMS SUSPEND OPERATIONS IN 11 MONTHS

So far this year, some 121,000 companies have been established, while more than 83,000 have suspended their operations, according to the Business Registration Agency under the Ministry of Planning and Investment.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

FEES OF SEAPORT SERVICES TO RISE NEXT YEAR

The Ministry of Transport has released the new fees for seaport services to be applied at local seaports, with many fees edging up by between 10% and 50%. The new fees will come into effect on January 1, 2019, Sai Gon Giai Phong newspaper reported.

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VIETNAM ECONOMY INVESTMENT

INDUSTRY 4.0 TO BOOST GDP BY $62.1 BILLION: CIEM

The benefits of Industry 4.0 may add between US$28.5 billion and $62.1 billion to Việt Nam’s gross domestic product (GDP) by 2030, according to a report by the Central Institute for Economic Management (CIEM).

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VIETNAM ECONOMY INVESTMENT

BINH DUONG IS A MAGNET FOR FOREIGN INVESTORS

As one of the fastest growing provinces in the key southern economic zone, Binh Duong is among the hottest investment destinations in the country. It was chosen to host the 2018 Horasis Asia Meeting on November 25-26.