JAN-JUL FDI APPROVALS NEAR US$13 BILLION
[01-08-2016] Foreign direct investment (FDI) approvals have amounted to US$1.65 billion in July, taking the January-July total to nearly US$13 billion, according to the Ministry of Planning and Investment.
THUA THIEN-HUE AIMS TO BECOME FASHION INDUSTRY HUB
[01-08-2016] The central Thua Thien-Hue Province plans to spend more than VND6.6 trillion (US$295 million) on transforming itself into a textile and garment hub in the country's central region. This is the main objective of the province's textile and garment planning for the 2016-2020 period.
SERIES OF FRESH POLICIES TAKE EFFECT IN AUGUST
[01-08-2016] A string of new policies on tougher fires on transport violations and amendment of labor export regulations shall take effect in August.
BR-VT WANTS ROAD ACCESS TO PORTS IMPROVED
[29-07-2016] The authority of Ba Ria-Vung Tau (BR-VT) has sought the Government’s support to improve road and waterway access to Cai Mep-Thi Vai port complex to enable it to handle more cargo and bigger container ships.
BANKS RAISE DEPOSIT INTEREST RATES
[01-08-2016] Many commercial banks have raised deposit interest rates over the past few weeks, generating concern about an imminent lending interest rate hike. Maritime Bank is the latest bank to have raised its short-term Vietnamese đồng deposit rates by 0.2 per cent per year, to touch 4.9-5.2 per cent as of July 26.
PROPERTY MARKET INFORMATION MUST BE ADEQUATE, ACCURATE
[28-07-2016] Making property information available to the public was critical to improve the market's transparency but the information must be adequate and accurate, experts said. The property market information must be adequate and accurate, say experts.
FOREIGN ARRIVALS TO VN RISE 41.2% IN JULY
[28-07-2016] Foreign arrivals to Viet Nam in July this year reached 846,311, a rise of 41.2% year on year, reported the Viet Nam National Administration of Tourism (VNAT). The figure pushed the total foreign visitors to the country in the first seven months of this year to 5.5 million, an increase of 24% over the same period last year, according to the VNAT.
DRAFT DECREE ON BUSINESS LICENSE FOR FOREIGN INVESTORS
[26-07-2016] The Ministry of Industry and Trade has proposed regulations on conditions for granting business licenses for foreign investors at a draft Decree instructing in details commodity trading and other related activities carried out by foreign-invested enterprises in Viet Nam as part of the Law on Trade.
