THRIVING REAL ESTATE MARKET
[16-01-2016] The stock price has gone down sharply, beyond all expectations, and gold has experienced a disappointing year while the housing price is going up, with more active trading activities. Foreign and domestic investors are racing to invest in new projects. Wealthy people are considering buying land or partments to profit.
AMENDED INVESTMENT & ENTERPRISE LAWS PUT INTO REALITY
[14-01-2016] The amended Investment and Enterprise Laws were put into practice over half of a year with sharp increase in the number of newly-established enterprises and positive signals. Especially, six guiding documents were introduced with a view to ensuring the effective enforcement of the two laws.
LONG AN LEADS MEKONG DELTA REGION IN FDI ATTRACTION
[12-01-2016] Long An leads the Mekong Delta region in foreign direct investment (FDI) attraction with 105 projects licensed in 2015 with a total registered capital of US$904 million. Among provinces and cities in the Mekong Delta, Long An granted investment licences to 105 FDI projects with a total registered capital of US$904 million in 2015, an increase of 10 projects and US$533 million in capital, compared to the previous year.
PM ASSIGNS DEVELOPMENT TARGETS IN 2016
[12-01-2016] Prime Minister Nguyen Tan Dung recently signed a decision to allocate socioeconomic development tasks and plans to eight ministries, namely the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Public Security, the Ministry of National Defence, the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Health, and the Ministry of Labour, Invalids and Social Affairs.
INDUSTRY, TRADE SECTOR BOASTS OPTIMISTIC RESULTS IN 2015
[12-01-2016] Industrial production and trade performance were boosted to achieve positive results in 2015, according to the review report by the Ministry of Industry and Trade.
VIETNAM'S TRANSPORT, LOGISTICS NEED MORE PRIVATE PARTICIPATION TO MAINTAIN RAPID GROWTH: WB
[12-01-2016] The Vietnamese government need to work together with private sector importers, exporters and transport companies to improve freight logistics if the Southeast Asian country is to maintain its current rate of growth, according to the World Bank report released last week.
LIST OF CONDITIONS LEVELS PLAYING FIELD FOR INVESTORS
[07-01-2016] The Ministry of Planning and Investment last week introduced the long-awaited official list of investment conditions that apply to foreign investors. The investor community can now put their minds at ease following the Ministry of Planning and Investment’s (MPI) announcement.
NEW RULES LAID OUT FOR FOREIGN FINANCIERS IN VIETNAM
[06-01-2016] Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to have a minimum US$10 billion of assets at the end of the previous year as of February 8. Under Circular 30/2015/TT-NHNN recently issued by the State Bank of Viet Nam, these institutions also have to operate profitably for three consecutive financial years prior to the year they file for licensing.
