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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

BUILDING A GLOBAL GATEWAY FOR FOREIGN TRADE IN MEKONG DELTA

The current seaport system in the delta has yet to meet ever-increasing import-export demand of localities in the region as most ports are located deep in the mainland, which means the channels leading to the ports are often silted up, making them difficult for large vessels to access.

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HOSPITALITY / TOURISM / ENTERTAINMENT

FOREIGNERS ALLOWED TO CHANGE VISA STATUS WHILE IN VIỆT NAM: NA

Võ Trọng Việt, chairman of the NA Committee on National Defence and Security, said the amendments would make it easier for foreigners to stay in Việt Nam to learn about the market, and look for jobs and investment opportunities without wasting time and money on immigration procedures.

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PROPERTY / INDUSTRIAL ZONE

HCM CITY TO REVIEW MANAGEMENT OF STATE-OWNED LAND, PROPERTY

The city's People’s Committee has also directed authorities to propose further regulations on management and use of State-owned houses and land funds, along with regulations related to auction of land-use rights and land leases.

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HR / LABOUR/ EMPLOYMENT

NEW LABOR CODE: RETIREMENT AGE WILL BE INCREASED TO 62 FOR MEN, 60 FOR WOMEN

An employee whose working capacity is reduced or subject to extremely heavy, dangerous, or hazardous working conditions, or working at disadvantaged areas may retire sooner but not five years less than the regulations, unless otherwise provided by laws.

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BANKING / FINANCE / INSURANCE / TAX

BANKS LOWER INTEREST RATES

The State Bank of Vietnam (SBV) has announced plans to reduce the ceiling levels of deposit rates for short-term tenors and lending rates for priority sectors from today, November 19. Local commercial banks have also raced to lower their interest rates in recent days.

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CHARITY / EXHIBITION / OTHER EVENTS

LARGE INFRASTRUCTURE PROJECT CONFERENCE 2019

The world has around 50 mega cities. Mega cities and rapid urbanization are creating pressures on infrastructure, housing, services and environment to meet the living requirements of current and future generations. These cities have been experiencing a large-scale change revolution regarding innovative building solutions, adjusting living space and infrastructure to accommodate changes of economy, environment, technology, society and culture.

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BANKING / FINANCE / INSURANCE / TAX

FOUR BANK SHARES TO GAIN MAXIMUM 68 PER CENT IN 12 MONTHS: JP MORGAN

JP Morgan rated shares of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Vietnam Technological and Commercial Joint Stock bank (Techcombank) and the Asia Commercial Joint Stock Bank (ACB) at over weight and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) at neutral.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

LIÊN CHIỂU PORT TO PLAY KEY ROLE FOR A SUSTAINABLE ĐÀ NẴNG

Speeding up the construction of the new Liên Chiểu Cargo Port would help promote Đà Nẵng as a key international logistics centre, and allow the existing Tiên Sa Port to be reserved for cruise ships only.


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