BR-VT WANTS ROAD ACCESS TO PORTS IMPROVED
[29-07-2016] The authority of Ba Ria-Vung Tau (BR-VT) has sought the Government’s support to improve road and waterway access to Cai Mep-Thi Vai port complex to enable it to handle more cargo and bigger container ships.
BANKS RAISE DEPOSIT INTEREST RATES
[01-08-2016] Many commercial banks have raised deposit interest rates over the past few weeks, generating concern about an imminent lending interest rate hike. Maritime Bank is the latest bank to have raised its short-term Vietnamese đồng deposit rates by 0.2 per cent per year, to touch 4.9-5.2 per cent as of July 26.
PROPERTY MARKET INFORMATION MUST BE ADEQUATE, ACCURATE
[28-07-2016] Making property information available to the public was critical to improve the market's transparency but the information must be adequate and accurate, experts said. The property market information must be adequate and accurate, say experts.
FOREIGN ARRIVALS TO VN RISE 41.2% IN JULY
[28-07-2016] Foreign arrivals to Viet Nam in July this year reached 846,311, a rise of 41.2% year on year, reported the Viet Nam National Administration of Tourism (VNAT). The figure pushed the total foreign visitors to the country in the first seven months of this year to 5.5 million, an increase of 24% over the same period last year, according to the VNAT.
DRAFT DECREE ON BUSINESS LICENSE FOR FOREIGN INVESTORS
[26-07-2016] The Ministry of Industry and Trade has proposed regulations on conditions for granting business licenses for foreign investors at a draft Decree instructing in details commodity trading and other related activities carried out by foreign-invested enterprises in Viet Nam as part of the Law on Trade.
M&A DEALS SURPASS US$3 BILLION IN FIRST SEVEN MONTHS
[26-07-2016] Merger and acquisition (M&A) deals in Vietnam have amounted to over US$3 billion in the first seven months of this year, a year-on-year rise of 28%. The figure is more than half of that in 2015 when M&A activity was robust with a combined value of US$5.2 billion, heard a press conference held in Hanoi on July 25 to announce the upcoming Vietnam M&A Forum (MAF) 2016.
APPAREL EXPORT TARGET SEEN UNOBTAINABLE IN 2016
[26-07-2016] This year’s export target of US$30 billion seems to be a daunting task for the textile and garment sector given higher costs, fewer orders and mounting competition.Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), told a press conference in Hanoi last week that the sector posted export revenue of only US$12.76 billion in the first six months, growing 4.72% year-on-year but representing just 41% of the full-year target.
CPI INCREASES SLIGHTLY IN JULY
[25-07-2016] The consumer price index (CPI) in July witnessed a month-on-month rise of 0.13% and a year-on-year growth of 2.39%, according to the General Statistics Office (GSO). The GSO announced that the CPI expanded 1.82% on average in the first seven months of 2016.
