Business News

[25-05-2016] The Prime Minister has approved the establishment of a provincial level Hi-Tech Biotechnology Park in the southern province of Dong Nai. The park, which will cover an area of 207.8 hectares in Cam My District, will carry out research, incubation, development  and the application and transfer of high-tech biotechnology as well as training related human resources.

[24-05-2016] According to Japan’s investment firm Seiko Consult in Hanoi, Vietnam’s logistics industry might become completely dominated by foreign firms which are trying to purchase large stakes from local partners.

[23-05-2016] Pressure from ensuring liquidity, meeting rising credit demands and purchasing Government bonds has caused commercial banks to hike their savings interest rates to attract depositors.

[23-05-2016] Vietnam’s real estate market has been experiencing something of a heatwave over the past few months. JLL Vietnam country head, Stephen Wyatt, said that with the economy back on track, the property market had gathered momentum over the past 18 months, focused mainly on the residential sectors in major cities like Ho Chi Minh City and Hanoi.

[20-05-2016] Viet Nam’s consumer loans hit a five-year record high of US$15.12 billion last year, according to a new report from local market research company StoxPlus. The amount, which was up 44 per cent against 2014, accounted for 10.4 per cent of the country’s GDP and 6.8 per cent of the economy’s total outstanding loans, the report said.

[19-05-2016] As you might be aware, Ministry of Finance has issued a new draft Decree detailing and guiding the Law amending and supplementing a number of articles of Law on VAT, SCT and tax management and also amending and supplementing a number of articles in other related Decrees.

[18-05-2016] The domestic property market this year would see “hot” development as Viet Nam would be one of five best prospective markets in the Asian region, experts said. Marc Townsend, CBRE Viet Nam Director told the “Real Estate Conference 2016: New Hopes, New Challenges” held in Ha Noi yesterday that the country’s real estate market had gradually recovered from the global financial crisis in 2008.

[17-05-2016] Last week several banks cut their lending interest rates on the recommendation of the State Bank of Viet Nam. State giant Vietcombank set its rates for medium- and long-term loans at 10 per cent a year, down from 10.5 per cent.