CẦN THƠ SEEKS INDUSTRIAL PARK INVESTORS
he Mekong Delta City of Cần Thơ’s Trade and Investment Promotion Centre plans to promote investment in the Việt Nam – Japan Industrial Park this year, according to Nguyễn Khánh Tùng, director of the centre.
FOREIGN EXCHANGE MARKET TO BE STABLE IN 2018
Commercial banks are optimistic about the foreign exchange market in 2018, noting that the market would be stable with the Vietnamese đồng devaluing slightly by some 0.5-1 percentage points to VNĐ22,710 to VNĐ22,950.
TRANSPORT MINISTRY TO SPEED UP PROJECTS IN 2018
The Ministry of Transport’s main task this year is to speed up transport projects, Deputy Minister Nguyễn Ngọc Đông said on Thursday. He was speaking at a meeting to review 2017 and set goals for 2018.
HCMC INDUSTRIAL ZONES SEEK $900M THIS YEAR
The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year. More than 60 per cent is targeted in four technology-oriented industries -- food processing, chemical-rubber, mechanical, and information technology and supporting.
MINISTRY BACKS DOWN ON VAT
Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.
LABOUR PUZZLE FOR GARMENT AND TEXTILE INDUSTRY BEFORE FOURTH INDUSTRIAL REVOLUTION
According to the Vietnam Garment and Textile Development Plan to 2020, the sector will become “one of leading export-oriented industries capable of meeting increasing domestic consumption demands and creating more jobs for society.” However, with the Fourth Industrial Revolution, garment and textile enterprises have to solve the puzzle of technological innovation and personnel rationalisation.
NEW REGULATION ON REVOCATION OF CREDIT INSTITUTIONS’ LICENSE
The State Bank of Viet Nam has issued Circular No. 24/2017/TT-NHNN guiding the order and procedures for revocation of license and liquidation of assets of credit institutions and foreign bank’s branches.
MINISTRIES PROTEST SPECIAL CONSUMPTION TAX ON SOFT DRINKS
Numerous ministries and associations protested against the Ministry of Finance (MoF)’s proposal to apply a special consumption tax (SCT) of 10-20 per cent on soft drinks.
