HANOI’S REAL ESTATE SPHERE SKYROCKETS
According to the General Statistics Office, from January to December 20, total foreign investment into Vietnam, including newly-registered, additional, and stake-acquisition capital, reached nearly $31.8 billion, up 3.1 per cent on-year. In the 2019 e-Conomy SEA report by Google, Temasek, and Bain & Company, Vietnam was designated as the third-most funded country in Southeast Asia, after Singapore and Indonesia.
TWO SUPPORTING INDUSTRIAL CLUSTERS TO BE SET UP IN BAC NINH PROVINCE
The People’s Committee of the northern province of Bac Ninh has given green light to the establishment of Tan Chi 2 and Cach Bi supporting industrial clusters with more than 1.6 trillion VND (68.75 million USD) in total investment.
TAX AND CUSTOMS POLICY TROUBLESHOOTING FOR BUSINESSES
The Ministry of Finance recently coordinated with the Vietnam Chamber of Commerce and Industry (VCCI) to hold a dialogue conference on tax and customs policies and administrative procedures in 2019. This is the 14th year VCCI and the Ministry of Finance jointly hosted this event.
APPAREL EXPORTS DOWN, LEATHER FOOTWEAR SHIPMENTS UP
Although the revenue from apparel exports over the period amounted to an estimated US$29.9 billion, up 7.8% year-on-year, the number of orders shipped to foreign countries tumbled, equal to 80% of the figure seen in the same period last year, according to a report by the Ministry of Industry and Trade.
VIETNAMESE SHIPPING INDUSTRY ADEQUATE TO MEET RISING DEMAND: VINALINES
That is the response from the Vietnam National Shipping Lines (Vinalines) to a Bloomberg report claiming container shipping may need to grow at almost twice the pace of the last decade, which was reported at 10-12 per cent annually, to keep up with new, surging demand.
CONDOTEL PROPERTY MARKET IN URGENT NEED OF NEW REGULATIONS, STANDARDS
Minister of Construction Phạm Hồng Hà said at the time that the ministry would work with the Ministry of Natural Resources and Environment to complete regulations on condotels and officetels, but nothing has been issued.
VISAS OPTIONS OPEN UP FOR OVERSEAS INVESTORS
After continuous debate and revisions, the National Assembly (NA) last week adopted the revised Law on Foreigners’ Entry into, Exit from, Transit through and Residence in Vietnam, which will take effect on July 1, 2020.
NEW POLICIES TAKE EFFECT SINCE DECEMBER
A series of policies on administrative penalties for violations arising in the monetary and banking sector, sanctioning of administrative violations in the field of competition, driver training, driving tests and issuance of driving licenses for road motor vehicles shall come into effect since December 2019.
