PROPOSAL ON INTERNATIONAL SEAPORT IN SOC TRANG TO BE SUBMITTED TO PM
At the end of the year, the government of the Mekong Delta province of Soc Trang will submit to the prime minister a proposal to upgrade the Tran De deep-water seaport in the province into an international port (IA grade), according to Soc Trang Vice Chairman Le Thanh Tri.
NEW POLICIES TAKE EFFECT IN SEPTEMBER
Policies on support regimes for the Vietnamese with meritorious services, sending and receipt of e-documents between agencies in the state administrative and standards for general education school Principals will come into effect since September 2018.
BIEN HOA PROPERTY MARKET BOOMING
The property market in Bien Hoa City in Dong Nai Province has been booming in the last few months. Prices of properties located near HCM City have increased by 10–20 per cent since Tet (Lunar New Year), while in the city centre they have increased by 10–25 per cent on average, though in some places they have gone up by 60 per cent.
SUPPLY CHAIN OPTIMISATION BOOSTS GARMENT FIRMS' COMPETITIVENESS
Investing in logistics and applying lean management are considered two of the solutions to optimise the supply chain, helping domestic garment and textile firms to solve the issues related to warehousing operations to save costs and increase competitive capacity.
HO TRAM CONDOTEL TO BENEFIT FROM NEW TRAVEL TRENDS
Nha Trang, Danang, and Phu Quoc are witnessing a boom in the condotel business segment. However, in Vietnam, the trend now is of short trips and self-discovery drives, and these places do not really fit the bill. However, Ho Tram Strip and its new addition, Ramada Kahuna, are the next promising destination for investment in condotels.
LAW AND PRACTICE ON LAND ACCESS OF VIETNAMESE BUSINESSES
The Ministry of Justice is carrying out the Prime Minister's Directive 01/CT-TTg on rectifying and strengthening land management and building land information system. To achieve this objective, the ministry has conducted a review for revision of legal regulations on land access. This matter has a great impact on business rights and business performance and land access is a problematic area and receives a lot of recommendations from investors.
MINIMUM WAGE TO INCREASE 5.3%
An increase in the minimum wage moved a step closer yesterday after the National Wage Council agreed to increase basic salaries. The committee confirmed they will look at a rise of more than 5 per cent compared to last year.
FINANCIAL EMPOWERMENT FOR SMES
“The lack of transparency hardly creates confidence while credit is built on trust. Insufficient trust plus the lack of collaterals and an unfeasible business projects causes credit institutions to say 'No' to small and medium-sized enterprises (SMEs),” said Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), at the Forum on Solutions to Boost Fund Sources for SMEs recently held by the Business Forum Newspaper in Hanoi.
