HCMC LOOKS TO CREDIT GROWTH OF 18-20%
[08-08-2016] HCMC is striving to achieve credit growth of 18-20% this year, an eight-year high, heard a session of the HCMC People’s Council on August 4. Nguyen Hoang Minh, deputy director of the central bank’s HCMC branch, told the second session of the council that the city saw credit expanding 9% in 2013, 12% in 2014 and 15% in 2015, and that the estimate for this year is 18-20%.
CIRCULAR ISSUED TO STIPULATE NUMBER OF APARTMENTS OWNED BY FOREIGNERS
[08-08-2016] The Ministry of Construction has issued Circular No.19/2016/TT-BXD guiding the implementation of the Housing Law and Decree No. 99/2015/ND-CP dated October 20, 2015 of the Government guiding the implementation of the 2014 Housing Law.
APPAREL FIRMS WORRY ABOUT 2017 WAGE HIKE PLAN
[04-08-2016] A number of enterprises in the labor-intensive textile-garment industry have expressed concern over the National Wage Council’s plan to increase the region-based minimum wages by 7.3% on average next year, saying the cost burden would be heavier for them.
AMATA TO BUILD SECOND IZ IN VIETNAM
[04-08-2016] The company says the project will be built on nearly 1,300ha, 40 per cent of land will be an industrial estate and 60 per cent will be accommodations and commercial buildings. Amata chief executive officer Somhatai Panichewa said total investment for the project is estimated at US$800 million.
NEW DECREE ON CONDITIONS TO ESTABLISH TISSUE BANK
[04-08-2016] The Prime Minister has issued Decree No 118/2016/ND-CP to adjust or supplement some articles of Decree No 56/2008/ND-CP on the organisation and operation of tissue banks and the National Coordination Centre for Human Organ Transplantation.
JAN-JUL FDI APPROVALS NEAR US$13 BILLION
[01-08-2016] Foreign direct investment (FDI) approvals have amounted to US$1.65 billion in July, taking the January-July total to nearly US$13 billion, according to the Ministry of Planning and Investment.
THUA THIEN-HUE AIMS TO BECOME FASHION INDUSTRY HUB
[01-08-2016] The central Thua Thien-Hue Province plans to spend more than VND6.6 trillion (US$295 million) on transforming itself into a textile and garment hub in the country's central region. This is the main objective of the province's textile and garment planning for the 2016-2020 period.
SERIES OF FRESH POLICIES TAKE EFFECT IN AUGUST
[01-08-2016] A string of new policies on tougher fires on transport violations and amendment of labor export regulations shall take effect in August.
