M&A INFORMATION TO BE RELEASED
[08-04-2016] Information related to mergers and acquisitions (M&As) of credit institutions is awaited as the season of annual shareholders' meetings is around the corner. Late last year, the central bank said that the number of credit institutions would be cut from the current 34 to roughly 17 to 19. Therefore, it is possible that more M&As will be announced.
MORE AFFORDABLE HIGH-QUALITY OFFICE IN 2016
[05-04-2016] No more Grade A building will enter the office market later in 2016, according to CBRE Vietnam. At its April 5 press conference reviewing the first quarter of Hanoi’s property market and provide forecasts for 2016, CBRE expected that approximately 290,000 square metres would come on stream throughout the year.
BINH DINH ATTRACTS OVER US$137 MLN IN INVESTMENT IN Q1
[05-04-2016]The central province of Binh Dinh granted eight investment certificates and issued new business certificates to 167 enterprises with total registered capital of over VND3.16 trillion (US$137 million) in the first quarter of this year. Notable investment projects included the FLC hotel and shopping mall complex invested by Faros Construction JSC with a registered capital of over VND2 trillion (US$87 million) and a high-tech pig breeding farm worth VND300 billion (US13 million) in Phu Cat district.
FDI ATTRACTION UP 125.2% IN Q1
[05-04-2016] As of March 20, 473 new Foreign Direct Investment (FDI) projects were granted with investment certificates with a total registered capital of US $2.74 billion, a year-on-year increase of 125.2%, according to the Foreign Investment Agency, under the Ministry of Planning and Investment. Meanwhile, 203 operating FDI projects were added US$1.285 billion, up 107%.
VIETNAM BANKS RACE TO KEEP DOLLAR BORROWERS AS TIGHTENED LENDING CONDITIONS NEAR
[05-04-2016] Starting April 1, commercial banks in Vietnam are banned from offering corporate loans in currencies other than the dong, according to Circular No.24 the State Bank of Vietnam (SBV) announced in December last year. The ban targets businesses that exchange foreign currency loans into dong to pay for equipment and machinery, according to Bui Quoc Dung, head of monetary policy at the SBV.
VIETNAM GARMENT &TEXTILE UNDER TPP IMPACT
[05-04-2016] "Vietnam’s garment & textile exports used to grow 8 per cent every year when the trade agreements had not been applied and this was still one of the key industries of the economy.
MEASURING LENDING RATE IMPACTS ON CORPORATE INCOME TAX
[04-04-2016] As budgetary overspending is on the rise, to ensure income sources and increase the share of corporate income tax in the total budgetary revenue, the General Department of Taxation issued Decision 225/QD-TCT dated February 4, 2016 on the formation of a research team to measure lending rate impacts on corporate income tax value and propose solutions to enhance tax administration.
CREDIT FLOWS INTO MANUFACTURING SECTOR
[05-04-2016] More bank loans over the past few years have gone to the manufacturing sector, according to a State Bank of Vietnam (SBV) report. The report said bank credit was increased by 5.3% per year to gain an extra 1% in economic growth per annum in the 2006-2010 period.
