4,959 TARIFF LINES ON IMPORTS FROM EAEU BROUGHT TO ZERO
[21-10-2016] The Government’s Decree No. 137/2016/ND-CP on Vietnam’s preferential import tariff nomenclature has been issued to implement the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) and member countries for 2016-2018.
NEW TAX CUT PLAN AIMS TO BOOST ENTREPRENEURSHIP
[20-10-2016] Pham Dinh Thi, director of Ministry of Finance's Tax Policy Department, said the tax reduction plan was part of a Government draft resolution on clearing obstacles to boost the development of enterprises, which would be tabled during the NA's second session that starts on October 20.
BANKS REPORT STRONG GROWTH IN LENDING AND BORROWING
[18-10-2016] Banks in HCMC reported high growth in lending and borrowing in the first nine months of the year, according to the HCMC branch of the State Bank of Vietnam (SBV). Deposits at banks amounted to more than VND1,740,000 billion, up 11.37% against the same period last year, whilst outstanding loans reached VND1,390,000 billion, a year-on-year increase of 13.26%. These are the highest January-September growth rates in recent years.
REAL ESTATE MARKET IN 2017: EXPERT FORECASTS
[18-01-2017] In 2017, the real estate market is forecast to stage continued positive performance. Vacation property, midsize apartment and affordable housing segments for low-income earners will be hot picks on the market. Development opportunities of the property market will become clearer in 2017.
HCM CITY BANKING SECTOR SETS HIGH GOALS FOR 2017
[18-01-2017] Strong efforts from the HCM City banking industry are needed to complete its mission in 2017, a high-ranking official has said. Speaking at a conference held yesterday in HCM City, chairman of the city’s People’s Committee Nguyễn Thành Phong said the “the banking industry for many years has been considered the blood vessel of the economy and one of the most important industries of the city”.
DA NANG TO SET UP FOUR NEW IPS
[17-01-2017] Da Nang City will establish four new industrial parks (IPs) by 2020, Ho Ky Minh, deputy chairman of the municipal People’s Committee, said. Minh said the committee had asked the city’s Department of Industry and Trade (DoIT) in collaboration with relevant agencies to speedily implement procedures to submit the establishment plan of the four IPs to the Government.
