WAGE SPIKE MAY BE LOWER THAN 12.4%
[20-04-2016] Chairman of the National Wage Council Pham Minh Huan has projected the 2017 average minimum wage raise would be lower than the 12.4% increase approved for this year by the Government. Huan, who is also Deputy Minister of Labor, Invalids and Social Affairs, told reporters that the council is making preparations for discussions about region-based minimum salary increases in 2017.
REAL ESTATE FIRMS LIFT FOREIGN LIMITS
[20-04-2016] A range of locally listed firms with real estate interests have both lifted their foreign ownership limit to 60 per cent and purchase shares in order to access foreign funding for the development of their various projects.
DONG NAI ATTRACTS HUGE FOREIGN INVESTMENT INTO AUXILIARY INDUSTRY
[21-04-2016] Since early 2016, the southern province of Dong Nai attracted 33 foreign projects, including 15 projects in auxiliary industry and two ones in mechanics and garment, according to the Management Board of Dong Nai industrial zones.
HKETO NEWSLETTER - HK FILES
[20-04-2016] The latest issue of HK Files, the newsletter published by the Hong Kong Economic and Trade Office (ASEAN), has just been published. It is available for viewing at their official website. Please click the following hyperlink to read the latest news on Hong Kong and the activities of this office.
VIETNAM€™S INFLATION TO EDGE UP TO 5 PERCENT IN 2016: REPORT
[19-04-2016] Vietnam posted arecord low inflationrate of 0.63 percent in 2015, but that could rise to four or five percent this year, according to the Vietnam Quarterly Macroeconomic Monitor, Quarter 1 – 2016. Inflation had been pushed up by 1.69 percent as of the end of last month, driven by increments in education and healthcare prices, Dr. Nguyen Duc Thanh, VEPR director, said at the ceremonial release of the report in Hanoi on Tuesday.
BANK SECTOR URGED TO USE TPP BENEFITS
[19-04-2016] “Viet Nam will have the chance to attract more foreign investment in its banking industry,” Luong Hoang Thai, head of the Ministry of Industry and Trade's Multilateral Trade Policy Department, said.
REAL ESTATE M&AS SPIKED IN FIRST QUARTER
[18-04-2016] The real estate market in Vietnam has seen groundbreaking merger and acquisition deals during this year’s first quarter, with the total monetary volume reaching several hundred million dollars. The deals were made by both local and overseas players looking to consolidate their presence in Vietnam.
VAN PHONG PORT PROJECT REVIVED
[18-04-2016] Nha Trang Port JSC has received a licence to revive Van Phong Port in the central province of Khanh Hoa, which stalled several years ago after the original investor ran out of funds. Hoang Dinh Phi, deputy head of the Van Phong Economic Zone – where the port will come up – said an investment certificate has been issued for the VND417 billion (US$18.7 million) first phase of the port.
