Business News

[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.

[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.

[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.

[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.

[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.

[09-04-2017] Credit this year would be oriented to flow more into production and business instead of non-production industries as done previously, experts said. In the latest report on prospects of the banking industry released this week, analysts of Vietcombank Securities (VCBS) forecast that credit growth this year would be roughly 16 per cent, lower than the 18 per cent rate of last year, because credit would focus more on production and business.

[11-04-2016] Vietnam is expected to attract more US investments and tourists following the raising of its visa validity for Americans from the existing single-entry, three-month visa to a multiple-entry, one-year version. Thanh Tung reports on the potential impact of this new visa policy.

[07-04-2016] Real estate is one of the areas that attracts great interest from investors in Viet Nam. However, investment in this sector is currently restricted by quite a few regulations.