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.
BANKING INDUSTRY BEFORE 4TH INDUSTRIAL REVOLUTION: PLENTIFUL OPPORTUNITIES, ABUNDANT CHALLENGES
Despite staying out of the list of nine sectors hardest hit by the Fourth Industrial Revolution, the banking industry, typically at the forefront of information technology application, will not stand out of the whirlwind of this Fourth Revolution.
A TALE OF MANY SEAPORTS: FDI AND ITS EXPECTATIONS
Vietnamese cities and provinces have been rushing to seek licences for large-scale and costly seaports to cash in on growing interest among domestic and international investors and rising trade, triggering concerns over a supply-demand imbalance.
CENTRAL BANK EXTENDS FOREX LOAN POLICY
The State Bank of Việt Nam (SBV) has officially extended a policy allowing exporters to take loans in foreign currencies for another year instead of stopping it on December 31 as planned.
