OPEN VISA POLICY URGED TO MAKE VIETNAM’S TOURISM MORE ATTRACTIVE
Industry insiders have urged the Government to further open up visa policy for foreign tourists to make Vietnam’s hospitality industry more attractive. Vietnam has set a target of welcoming 20 million foreign visitors in 2020 and developing tourism into a key economic sector, and one way of achieving that goal is to provide visa waivers for important markets, the insiders said.
ASSOCIATION PROPOSES HOUSING STIMULUS PACKAGE
HCM City Real Estate Association has proposed the State Bank of Viet Nam should raise a stimulus package similar to its previous VND30 trillion (US$1.3 billion) preferential home loan package.
FINANCE-BANKING STOCKS TO BECOME NEW CRAZE IN 2018
A recent survey conducted by Vietnam Report revealed that finance and banking stocks would be the ones to watch out for in 2018 as a number of reputable financial institutions (FIs) schedule to hold their initial public offering (IPO) next year.
NEW REGULATIONS ISSUED OVER OPERATION OF SCIC
The Government has issued two new decrees over the operation mechanism of the State Capital Investment Corporation (SCIC). The decrees prevent the SCIC from investing in companies of relatives but allow it to found subsidiary companies.
TRANSPORT MINISTRY ANNOUNCES EIGHT PPP PROJECTS
Minister of Transport Nguyen Van The has signed a Decision announcing the portfolio of component projects constructing certain segments of the eastern North-South Highway in the 2017-2020 period.
MA IN REAL ESTATE SECTOR TO INCREASE IN 2018
Merger and acquisition (M&A) deals in Viet Nam’s real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.
FDI FOR INFRASTRUCTURE CONSTRUCTION: CONSISTENT SOLUTION NEEDED
Infrastructure is the foundation to draw FDI flows to any country. In fact, countries with poor infrastructure will find it difficult to catch the interest of foreign investor. To break this vicious cycle, the Government of Vietnam has focused on resolving infrastructure investment issues. In the context of the tight state budget, mobilising FDI flows for infrastructure development is prioritised.
PROPERTY M&A TREND HIGHER IN 2017
Both in terms of quantity and quality, 2017 has shaped up to be a landmark year for mergers and acquisitions in the property sector. According to Phan Xuan Can, director of SohoVietnam, a mergers-and-acquisition (M&A) broker for many large-scale projects, Vietnam’s real estate market is attracting M&A notice from developers, investors, and brokers alike.
