‘BOOST’ NEEDED IN LAND POLICIES
Vietnam has a golden population structure; the agricultural GDP expanded by 2.95% a year in 2011-2018; and agricultural production has strongly shifted to products of international competitiveness, higher quality and higher productivity. Per capita income in rural areas increased by 3.5 times and the income gap between urban and rural areas narrowed from 2.1 times in 2008 to 1.8 times in 2017. In three years, agribusiness companies tripled.
INDUSTRIAL LAND LEASING COSTS RISE IN SOUTHERN VIETNAM
The average land leasing costs in the second quarter of this year at industrial zones in HCMC and the provinces of Binh Duong, Dong Nai, Long An and Ba Ria-Vung Tau climbed to $95 per square meter, said real estate firm Jones Lang LaSalle Vietnam (JLL) in its report on Vietnam’s property market for Q2, 2019.
APPAREL ORDERS FROM IMPORTERS PLUNGE 30%: VITAS
Many experts had forecast that the United States-China trade war would help shift orders from China to Vietnam. In addition, Vietnam has participated in multiple new-generation free trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which are highly expected to help boost local exports.
INFO MINISTER URGES HCMC TO SPEED UP TELECOM INFRASTRUCTURE DEVELOPMENT
Minister Hung voiced his support for the city’s stance on technology adoption to bolster its economic growth and resolve its problems. He said the Ministry of Information and Communications regards the city as the driving force behind information and communications technology development in the country.
LOGISTIC BOOMS WITH MILLION-DOLLAR DEALS, FOREIGN FIRMS LOOK TO SPREAD
Earlier this month, Singapore-based Symphony International Holdings spent US$42.6 million to buy 28.57 per cent of Indo Trans Logistics Joint Stock Company (ITL Corp) from Singapore Post.
FDI FIRMS TO BE LISTED SOON: MINISTRY OF FINANCE
In other markets such as South Korea, Japan, Singapore and Thailand, a number of FDI firms are listed on the stock markets and there is no difference or discrimination between foreign-invested firms and domestic firms.
MOC PLANS TO RELEASE QUARTERLY REPORTS ON PROPERTY MARKET
The Ministry of Construction (MoC) plans to start releasing quarterly reports on the domestic real estate market to increase transparency, Minister of Construction Phạm Hồng Hà said in a ministry meeting late last week.
GARMENT AND FOOTWEAR FIRMS WILL HAVE TO WAIT FOR EVFTA BENEFITS
This means for the first few years of EVFTA's implementation, most local garment and footwear products will not benefit from the EVFTA because MFN rates for those products are higher than GSP rates of 9 per cent for garment products and 3-4 per cent for footwear products at present.
