MAERSK LINE LAUNCHES DIRECT SERVICE BETWEEN BR-VT AND U.S. EAST COAST
[18-04-2016] Maersk Line launched a direct service connecting Vietnam’s southern coast province of Ba Ria-Vung Tau and the East Coast of the United States late last week. Arthur Maersk was the first container ship that docked at the Tan Cang-Cai Mep port of Saigon Newport Corporation (SNP) last Friday.
VISA EXEMPTIONS FOR WESTERN EUROPEAN TRAVELLERS EXTENDED
[14-04-2016] The Vietnam National Administration of Tourism (VNAT) is seeking government approval to extend visa exemptions for Western European tourists. According to head of the VNAT Nguyen Van Tuan, the visa exemption policy for visitors from the UK, France, Germany, Italy and Spain will expire on July 1 this year so the administration has proposed extending the policy.
VIET NAM EXPO 2016 OPENS IN HN
[13-04-2016] Newly-elected Deputy PM Vuong Dinh Hue cut a ribbon to open Viet Nam Expo 2016 on April 13 in Ha Noi. The event drew the attendance of Minister of Industry and Trade Tran Tuan Anh and Ambassadors of 23 participating countries and territories.
DELOITTE: LAW ON EXPORT & IMPORT DUTIES 2016
[15-04-2016] On April 6, 2016, The National Assembly has passed the Law on Export & Import Duties 2016, with various changes which may have significant impacts on your import/export activities. The new Law shall take effect from September 1, 2016, replacing the Law on Export & Import Duties No. 45/2005/QH11. Accordingly, Deloitte would like to summarize some notable points of the new Law in the attached Alert for your information.
WB CUTS VIETNAM€™S 2016 GROWTH FORECAST TO 6.2%
[13-04-2016] The World Bank has revised down its 2016 growth forecast for Vietnam to 6.2% from the earlier projected 6.5%. Sandeep Mahajan, lead economist of the WB in Vietnam, said Vietnam’s projected growth would moderate to 6.2% due to slower private consumption and investment growth.
PROPERTY CREDIT: BETTER WELL-CONTROLLED THAN TIGHTENED
[12-04-2016] Long- and medium-term credit squeeze will undoubtedly affect the verve of real estate companies. In Vietnam, long- and medium-term credit increased rapidly, reaching 29 per cent in 2015, accounting for nearly 50 per cent of total loans.
BUSINESS HIGHLIGHTS €“ APRIL 4-10
[11-04-2016] Economic outlook still bright despite growth slowdown, FDI attraction up 125.2% in Q1, exports to China up 10.38% and new wave of Japanese investment to arrive in Viet Nam are economic highlights from April 4-10.
GARMENT INDUSTRY TRAINING FUNDED
[11-04-2016] The Government has offered financial support to the Viet Nam National Textile and Garment Group (Vinatex) for training the labour force in the textile and garment industry this year. The funds worth of VND63.5 billion (US$2.9 million) would come from the State budget for education and training activities, reported the Dau Tu (Investment) online.
