Despite facing challenges, the real estate market in 2019 is expected to continue on an upward trend, say both experts and investors. According to the Foreign Investment Agency under the Ministry of Planning and Investment, real estate business ranked second in size since early this year, with total registered capital of $6.5 billion in 87 new registered projects.
The Viet Nam-China economic promotion forum was jointly held by the Chinese Embassy in Viet Nam, the Vietnamese Foreign Ministry, the Ha Noi municipal People’s Committee, and the Viet Nam Chamber of Commerce and Industry (VCCI) on December 20 in Ha Noi.
The Government plans to make breakthroughs and beef up authority decentralization for ministries, agencies, and localities in socio-economic management in 2019.
Vietnam's economy is increasingly open, the import and export scale has doubled the gross domestic product (GDP), and import and export activities have increased rapidly in both value and diversity of commodities.
The central city of Da Nang has approved a master plan for the development of its logistics infrastructure by 2030 with total investment of VND13.7 trillion (US$606 million).
Việt Nam’s economy could pick up by 7.02% in 2019, according to the National Center for Socio-Economic Information and Forecast (NCIF). The NCIF has recently announced two development scenarios for 2019 and 2020. Accordingly, the economy would expand 6.84-7.02% (basic and high scenarios) in 2019 and 7-7.2% in 2020.
PM Nguyen Xuan Phuc praised Thaco-Chu Lai for converting Quang Nam with four “Nos” – No infrastructure, No labor force, No investor, and No market, into a vast added value area, contributing VND 70 trillion to the local budget.
To fulfil Vietnam’s commitments on import tariffs under the ASEAN - Hong Kong Free Trade Agreement (AHKFTA), the Ministry of Finance drafted a decree proposing the Government to introduce specially preferential import duties in 2019 - 2022. Accordingly, if adopted, 72 per cent of AHKFTA tariff lines, or 7819 tariff lines, will be eliminated from 2019 to 2022.