Business News

Mergers and acquisitions (M&A) in the real estate sector have been very active in the past few years, despite positive macroeconomic impacts. According to real estate specialists, M&As will be still very vigorous in the coming time.

The Mekong Delta province of Hau Giang plans to build a logistics centre at a cost of over VND1.5 trillion (US$66.03 million), aiming to reduce logistics cost in the region and improve competitiveness of regional products in both domestic and foreign markets.

As of May 25, credit growth expanded 6.53%, higher than the rate of 5% in the same period in 2016 and 4% in 2015. The figure showed positive signs amidst unfavorable economic context and slow public investment disbursement, said a senior official.

Experts claim that despite the 2014 policy permitting non-Vietnamese citizens to purchase houses in Vietnam, variations in the interpretations of the policy leave investors sceptical and unsure about how to calculate risk.

The Ministry of Finance has recently updated the list of registration fees for automobiles and mortobikes, which has increased the price of many luxury models.

The Ministry of Finance’s Department of Banking and Financial Institutions has been given the authority to grant business licences for casino and gaming services.

Event: “Investment opportunities for Hospitality Real Estate in Vietnam”
Date/Time: 10th June 2017. 09:00 am – 11:45 am
Venue: Stamford Ballroom, Raffles City Convention Centre, 80 Bras Basah Road, Singapore 189560

As you may know, the Draft Competition Law has been issued by the Ministry of Industry and Trade (“MoIT”) recently and is now under the commenting process. In that context, the Vietnam Competition Council (“MoIT”) conducts the survey to refer ideas/opinions from business community on evaluation on the implementation efficiency of the Competition Law in the last 10 years, difficulties in the compliance with the Law, and recommendations for further amendments and improvements.