Business News

[26-07-2016] Merger and acquisition (M&A) deals in Vietnam have amounted to over US$3 billion in the first seven months of this year, a year-on-year rise of 28%.  The figure is more than half of that in 2015 when M&A activity was robust with a combined value of US$5.2 billion, heard a press conference held in Hanoi on July 25 to announce the upcoming Vietnam M&A Forum (MAF) 2016.

[26-07-2016] This year’s export target of US$30 billion seems to be a daunting task for the textile and garment sector given higher costs, fewer orders and mounting competition.Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), told a press conference in Hanoi last week that the sector posted export revenue of only US$12.76 billion in the first six months, growing 4.72% year-on-year but representing just 41% of the full-year target.

[25-07-2016]  The consumer price index (CPI) in July witnessed a month-on-month rise of 0.13% and a year-on-year growth of 2.39%, according to the General Statistics Office (GSO). The GSO announced that the CPI expanded 1.82% on average in the first seven months of 2016.

[22-07-2016] The Ministry of Finance has released Decision 1614/QD-BTC on a plan to reform, develop, and modernize the customs sector in the 2016-2020 period. The plan aims to convert the Vietnam Customs into a modern and effective one which takes the lead in providing public services; promoting domestic and foreign relations; and facilitating operation of partners.

[21-07-2016] Dong Nai province attracted US$1.34 billion in new and additional foreign direct investment (FDI) pledges as of July 19, up 20% year-on-year and equivalent to 134% of the year’s plan, according to the provincial Department of Planning and Investment.

[21-07-2016] More European small and medium enterprises are flocking into Vietnam in anticipation of the EU–Vietnam Free Trade Agreement (EVFTA). Last week, a delegation of 30 European pharmaceutical firms in the environment and water sectors paid a working visit to Ho Chi Minh City to research the market and explore opportunities.

[21-07-2016] The finance ministry issued Circular No. 83/2016/TT-BTC (“Circular 83”) on June 17, 2016. It guides the implementation of investment tax incentives prescribed in the Investment Law and government decree No. 118/2015/ND-CP, which details and regulates several articles of the Investment Law.

[20-07-2016] VietnamWorks is currently lauching Tech Expo 2016, a large-scale technology event which gathers the leading tech companies and tech talents in Vietnam.