CONCERNED FOR NEXT ECONOMIC GOALS
[10-05-2016] The slowing economy in the first quarter of 2016 fuelled concerns over next economic objectives since this will significantly impact macroeconomic policies in the next quarters if no suitable administrative solution is taken.
HANOI REAL ESTATE MARKET: WAVE ROARS IN THE WEST
[07-05-2016] The property market in the western region of Hanoi is becoming a "hot spot" on the real estate market in the capital city of Vietnam as a series of new big property projects invested by giant developers like Vingroup, TNR Holdings and FLC are embarked in addition to the resumption of long-postponed capital-short projects.
BANKS SLASH INTEREST RATES
[09-05-2016] Various banks have reduced their lending rates in response to the prime minister’s recent meeting with the business community. Last week, the state-owned giant Vietcombank adjusted its rates for mid- to long-term loans to 10 per cent a year, down from 10.5 per cent.
VN EXPECTED TO ISSUE 4G LICENSES THIS YEAR
[03-05-2016] The Ministry of Information and Communications is expected to issue 4G service licenses in Vietnam by the end of this year when local telecom firms have completed their pilot plans for the new service.
SMALL APPAREL FIRMS SEE ORDERS FALLING
[04-05-2016] Small and medium apparel enterprises struggled to survive in quarter one, with many of them suspending production, as their customers shifted their orders to Myanmar and Laos to enjoy lower prices, heard a business conference in HCMC last week.
REAL ESTATE SECTOR M&AS ON THE RISE
[04-05-2016] Vietnam is becoming an attractive profit-generating market for investment in Southeast Asia, with a low interest rate, record low inflation in 2015, and the VND exchange rate far better than other currencies in the region.
HOA LAC HI-TECH PARK TO OFFER SPECIAL INCENTIVES
[03-05-2016] The Hoa Lac Hi-Tech Park in Hanoi will offer the best possible incentives to investors in order to attract and encourage investment and help the park reach its targets, according to Deputy Prime Minister Vu Duc Dam. He assigned the Ministry of Science and Technology to research and determine special echanisms and policies for application at the hi-tech park.
WB FINANCES TRANSPORT, FLOOD CONTROL PROJECTS
[02-05-2016] The Board of Executive Directors of the World Bank (WB) has approved a package of over US$500 million in support for improvements to road and bridge connections, flood control and hygiene conditions in Viet Nam.
