GLOBAL GARMENT FIRMS NO LONGER BULLISH ON VIETNAM AS COSTS RISE
"More and more companies come to Vietnam ... In the foreseeable future, we do foresee a shortage of labour and even fierce competition for hiring staff there," Makalot chairman and CEO Frank Chou told Nikkei Asian Review, adding the company would now focus on Indonesia, which he expects to become its most significant production base in three to five years.
SIX LAWS TAKE EFFECT SINCE JULY
A series of new laws on anti-corruption, university education, public security, coast guard, amnesty, and competition shall come into effect since July, 2019.
VIETNAM CUTS IM-EXPORT TARIFFS UNDER CPTPP PACT
Prime Minister Nguyen Xuan Phuc has signed a decree enacting two Schedules on preferential export/import rates, which brings provisions of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) into force.
UNLISTED PUBLIC COMPANY MARKET PROMISES INVESTORS BETTER PERFORMANCE
The improvement of the legal framework has been a boost to the market's performance. In the first six years of operation, there were only 169 companies on UPCoM with average daily trading value of VND15 billion (US$544,300).
PM TELLS NORTHERN REGION TO OPTIMISE ADVANTAGES FOR STRONGER DEVELOPMENT
The Government leader highlighted the region’s strategic importance in terms of politics, society-economy and defence-security, adding that it was the second biggest economic region in the country and the only region where all localities contributed to the central budget.
BANKS BOOST RETAIL LENDING FOR SOLAR ENERGY
Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives. As solar energy gains popularity in Vietnam, lenders are looking to finance consumers who want to install solar panels in their own homes.
PROPERTY MARKET HEATS UP IN BINH PHUOC
Industries that will be developed within these clusters include agro-forestry product processing, and manufacture of rubber and plastic products, metal products, electronic products, engine vehicles, textiles and apparel. These clusters are expected to create around 30,000 jobs.
HOW DEEP C INDUSTRIAL ZONES BECOME INVESTORS’ CHOICE
To date, DEEP C has attracted 100-plus projects funded by multinational enterprises from USA, Japan, Germany, South Korea, etc. with a total investment of over US$3.5 billion. Prominent investors in DEEP C include Bridgestone, JX Nippon Oil & Energy, Chevron, PV Oil, C. Steinweg and Flat Group.
