Business News

[05-05-2015] HCM City is developing its first special economic zone in the south of the city, encompassing districts 7, Nha Be and part of Binh Chanh and Can Gio with a focus on marine economy. The special economic zone covers the Hiep Phuoc Port, Phu My Hung urban area, industrial parks and other new urban areas, according to Hoang Minh Tri, deputy head of HCM City Research and Development Institute.

[04-05-2015] HCM City is developing a system of seaports to facilitate trade activities between the city and its vicinity. The city is currently home to 38 seaports with a total length of nearly 13 kilometres, including Tan Cang – Cat Lai, Saigon , and Saigon Premiere Container Terminal (SPCT).

[29-04-2015] New policies on unemployment insurance, selection of investors and one-stop shop mechanism will come into effect since May 2015.

[24-04-2015] Real estate will attract lucrative foreign direct investments in 2015 with the market recovering and Viet Nam set to join the Trans-Pacific Partnership agreement and other free trade pacts. The Ministry of Planning and Investment's Foreign Investment Agency (FIA) announced this week that as of March 20, there were 475 foreign direct investment (FDI) projects in the real estate sector with a combined capital of US$48.4 billion.

[22-04-2015] Viet Nam Customs will officially launch the one-stop-shop customs mechanism at 9.00 am on May 6, 2015 at international seaports in the provinces of Quang Ninh, Hai Phong, Ba Ria-Vung Tau, Da Nang City and Ho Chi Minh City.

[24-04-2015] Frasers' newsletter is designed to provide you with practical and commercial legal news in relation to key legal developments in Vietnam, and how such developments may affect you and your business. Frasers' newsletter is designed to be an interesting and informative read, but does not constitute legal advice. If you would like further information on any of the subjects discussed in newsletter, please contact Frasers on email: legalenquiries@frasersvn.com.

[21-04-2015] Industrial zone (IZ) development is expected to be one of the three most profitable real estate segments this year. After a long period of sinking like a stone, Kinh Bac Urban Development JSC’s shares have gone up.  The industrial zone development company, owned by Dang Thanh Tam, the richest Vietnamese stock millionaire in 2007, has made profits again after years of taking losses.

[21-04-2015] The disbursement of the VND30-trillion (US$1.38 billion) housing stimulus package has been stagnant, despite the increase in the number of successful transactions in the real estate market.Economists and estate businesses said the market had seen clear improvements.