Business News

[13-06-2016] This growth would be due to rising foreign direct investment, growing exports of manufactures and solid labour markets. Under the latest update of its Global Economic Prospects report, the WB forecast that among the large developing ASEAN economies, Vietnam and the Philippines have the strongest growth prospects.

[08-06-2016] The city’s industrial production index was estimated to increase by 7.7 per cent over the same period last year. Export revenue in the first five months of the year reached US$4.314 billion, a year-on-year increase of 0.3 per cent, while the year-to-date import revenue reached US $9.281 billion, down by 6.2 per cent over the corresponding period last year.

[10-06-2016] To guide the customs valuation of exports and imports, the General Department of Vietnam Customs is drafting a decree to direct the implementation of a number of articles of the amended Law on Export and Import Tax concerning customs valuation of exports and imports.

[10-06-2016] The official real estate index, which should have been set up earlier this year, has been delayed while real estate enterprises and associations have continued to provide their own indexes. Property consultants like CBRE, Savills, Cushman & Wakefield and business groups provide various indexes but they are mostly different from each other.

[11-06-2016] Resolution No.35 recently issued by the Government reflects the high level of determination to support and develop the business community, which requires ministries and state management agencies to drastically reform procedures to facilitate enterprises’ operations.

[11-06-2016] The property market in the central city of Da Nang has seen growth in major segments such as condotel, condominium and hospitality markets in the first half of this year. According to the report on properties in Da Nang in the second quarter, CB Richard Ellis Viet Nam Ltd Company (CBRE Viet Nam), one of the foreign property service providers in the country, reported that Da Nang's condotel market in the first half of 2016 showed a strong increase in new supplies with 2,436 units from six projects.

[09-06-2016] Ha Noi is calling for investment in 52 transport infrastructure projects under public-private partnership (PPP) form in 2016-2020. This is the first time Ha Noi publicly has called for private sector participation in the construction of transport and infrastructure facilities under PPP form.

[08-06-2016] Vinhomes Golden River is the latest project of Vingroup to be located at the priceless location in HCMC’s CBD and along the Saigon River. Has already attracted a great number of customers after opened for sale for 2 months, Vinhomes Golden River is now the most desirable target for customers looking for promising real estate in HCMC’s CBD.