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PROPERTY / INDUSTRIAL ZONE

BIEN HOA INDUSTRIAL PARK TO CLOSE

The People’s Committee of Dong Nai Province gave approval for Sonadezi, an industrial zone development company, to implement the project. The Bien Hoa I Industrial Zone has 80 businesses, 40 of which have a land-lease contract until 2051.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

AUTOMATED CUSTOMS MANAGEMENT SYSTEM TO GO NATIONWIDE

In 2018, the customs sector will deploy the automatic customs management system across the country, especially at important import-export hubs like seaports, international airports and inland ports.

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CHARITY / EXHIBITION / OTHER EVENTS

HKIAC PRE-ARBITRATION STRATEGY WORKSHOP ON 7TH JUNE 2018

This workshop brings together legal counsel, an asset recovery specialist, and a third-party funder in an early stage meeting scenario to consider the legal options available and practical steps required to formulate an effective dispute resolution strategy.

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BANKING / FINANCE / INSURANCE / TAX

MOF AIMS FOR E-FINANCE SYSTEM BY 2025

The Ministry of Finance aims to have financial cloud infrastructure fully operational by 2025. Innovation in mobile devices and cloud technology on a large scale is key to technological application of the fourth industrial revolution, said Minister of Finance Đinh Tiến Dũng.

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PROPERTY / INDUSTRIAL ZONE

$10M IT PARK TO BE BUILT IN BÌNH ĐỊNH

The TMA Bình Định IT Park will be built at an estimated cost of US$10 million at the Quy Hòa science and education urban area in Quy Nhơn City, the central coastal province of Bình Định, chairman of TMA Solutions Nguyễn Hữu Lệ said.

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BANKING / FINANCE / INSURANCE / TAX

ADMINISTRATIVE REFORM NEEDED FOR BETTER ACCESSIBILITY TO CREDIT

Vietnam's access to credit has improved significantly and remained stable among the top 30 countries. In the Doing Business Report 2018 released by the World Bank (WB), the country’s Getting Credit Index ranked 29th out of 90 countries, lower than that of Malaysia and Cambodia at 20th and on par with Singapore but higher than that of Thailand (42), Indonesia (55), Laos (77) and the Philippines (142).

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LEGAL UPDATE / POLICY

POLICIES TAKE EFFECT IN MAY

A number of policies on insurance business, printing activities, property valuation, quality control of vocational training, etc. take effect in May.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

NAM ĐÌNH VŨ DEEP-WATER PORT BEGINS OPERATIONS

Singapore’s Gemadept and Sao Đỏ Group put Nam Đình Vũ Port’s first stage into operation in Nam Đình Vũ Industrial Park on May 7. The port is located in the northern city of Hải Phòng.


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