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VIETNAM ECONOMY INVESTMENT

VIETNAM SEES NEW MOVEMENT OF FDI INFLOWS

Nearly halfway through 2019, Vietnam has begun to see a new noticeable transition in its foreign direct investment (FDI) inflows, with Chinese investment in the Southeast Asian country reporting a sharp rise.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CARGO VOLUMES AT SEAPORTS REMAIN IMBALANCED

However, seaports in the north serve 25%-30% of the total volume of cargo and those in central provinces, only 13%, while customs clearance procedures for 57% of cargo are done at seaports in the south.

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VIETNAM ECONOMY INVESTMENT

MAY’S NEW ORDER GROWTH OF VIỆT NAM’S MANUFACTURING FASTEST IN YEAR-TO-DATE

A survey by Nikkei and IHS Markit released on Monday showed the softer improvement in the health of the sector was recorded in spite of stronger increases in both output and new orders. The securing of new customers helped firms to register new order growth, with the rate of expansion the strongest in 2019 so far. New export orders also increased in May, and at a solid pace.

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BANKING / FINANCE / INSURANCE / TAX

SHARED DATABASE NEEDED TO FIGHT TAX LOSS IN E-COMMERCE

A shared database was necessary because there is no specific measure to calculate revenues, sales and expenses of organisations and individuals selling goods and services online, according to the Ministry of Industry and Trade’s Vietnam E-commerce and Information Technology Agency deputy director Lại Việt Anh.

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VIETNAM ECONOMY INVESTMENT

HCMC TO AUCTION NINE LAND LOTS IN THU THIEM

This is one of the 210 projects prioritized by the city for investment in 2019. The project covers the land sites at Functional Section No. 1 for commercial and multifunctional services, which are managed by the Thu Thiem New Urban Area Management Board. Functional Section No. 1 is located in the heart of the new urban area.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CENTRAL CITY TO BUILD NEW TERMINAL

Đà Nẵng will build a new terminal, T3, at its international airport with total investment of VNĐ9 trillion (US$391 million), increasing the airport’s capacity to 28 million passengers and 200,000 tonnes of cargo by 2030.

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VIETNAM ECONOMY INVESTMENT

LAWMAKERS URGE GREATER INVESTMENT IN MEKONG DELTA TRANSPORT

The government responded that it has been making strong efforts to develop the Mekong Delta region. Minister of Planning and Investment Nguyen Chi Dung said that over the last five years, about 33 percent of public investment for transport has been allocated to the Mekong Delta.

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VIETNAM ECONOMY INVESTMENT

VIETNAM’S ECONOMY PROJECTED TO GROW 6.81% IN 2019: REPORT

Vietnam’s economic growth is expected to reach 6.81% in 2019 and thereby meet the National Assembly’s target, according to a report released by the Vietnam Institute for Economic and Policy Research (VEPR) on May 29.