Business News

[11-08-2016] The southeastern province of Ba Ria – Vung Tau on August 10 organised a conference in Ho Chi Minh City calling for investment in four major areas. Those four areas are hi-tech industrial projects with high added value, energy saving, environmentally friendly and highly competitive products; seaport logistics for Cai Mep – Thi Vai international transit port; high-quality tourism projects focusing on sea resort tourism, Meetings, Incentives, Conferences, and Events ( MICE ) tourism, high-quality ecotourism and spiritual tourism; hi-tech agricultural projects with processing facilities and agricultural mechanics.

[10-08-2016] State President Tran Dai Quang on August 10 received Managing Executive Officer and Regional Chief Executive Officer of ASEAN Marubeni Corporation Shoji Kuwayama. Mr. Quang lauded developments in Viet Nam-Japan relations in all fields as Japan continues to remain the top economic partner, the largest Official Development Assistance (ODA) provider, and the second largest investor, and ranks fourth in trading with Viet Nam.

[09-08-2016] Cần Thơ City has attracted US$175.7 million of foreign direct investment (FDI) capital this year, including a South Korean shoe-production plant that will be the largest FDI project in the Mekong Delta region.

[08-08-2016] HCMC is striving to achieve credit growth of 18-20% this year, an eight-year high, heard a session of the HCMC People’s Council on August 4. Nguyen Hoang Minh, deputy director of the central bank’s HCMC branch, told the second session of the council that the city saw credit expanding 9% in 2013, 12% in 2014 and 15% in 2015, and that the estimate for this year is 18-20%.

[08-08-2016] The Ministry of Construction has issued Circular No.19/2016/TT-BXD guiding the implementation of the Housing Law and Decree No. 99/2015/ND-CP dated October 20, 2015 of the Government guiding the implementation of the 2014 Housing Law.

[04-08-2016] A number of enterprises in the labor-intensive textile-garment industry have expressed concern over the National Wage Council’s plan to increase the region-based minimum wages by 7.3% on average next year, saying the cost burden would be heavier for them.

[04-08-2016] The company says the project will be built on nearly 1,300ha, 40 per cent of land will be an industrial estate and 60 per cent will be accommodations and commercial buildings. Amata chief executive officer Somhatai Panichewa said total investment for the project is estimated at US$800 million.

[04-08-2016] The Prime Minister has issued Decree No 118/2016/ND-CP to adjust or supplement some articles of Decree No 56/2008/ND-CP on the organisation and operation of tissue banks and the National Coordination Centre for Human Organ Transplantation.