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Economic Zones, Industrial Parks Attract High Investment
Aug. 27 – Vietnam’s industrial parks (IP) and economic zones (EZ) have attracted over US$110 billion in foreign direct investment (FDI). Specifically, the investment is broken down into 4,665 FDI projects worth US$70 billion throughout the IPs, and around US$40 billion broken down throughout the coastal EZs. Furthermore, the border EZs accounted for US$700 million worth […]
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Vietnam Considers Ban on Mobile Chat Apps
Aug. 22 – Late last week, Vietnamese Prime Minister Nguyen Tan Dung asked the Communications Ministry to look into possible regulations restricting free call and messaging apps (chat apps) in an attempt to level the playing field for Vietnamese telecoms companies. Apps that may be affected include internationally popular Viber, Line and WhatsApp. The Prime […]
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Vietnam to Allow Greater Foreign Holdings in Domestic Companies
Aug. 21 – The Vietnam Government has lent support to a proposal by the Ministry of Finance and State Securities Commission allowing foreign firms a greater stake holding in listed companies. The draft proposal would amend certain regulations to allow foreigner investors to hold up to 59 percent of the charter capital of domestic companies […]
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City Spotlight: Ho Chi Minh City
Aug. 19 – Ho Chi Minh City (HCMC, known as Saigon until 1976) is much younger than Hanoi, with many historians dating the city at just over 300 years old. A prosperous and densely-populated trade hub, the city is today considered the commercial and economic center of Vietnam. HCMC is actually a municipality (on the […]
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Regional Spotlight: Vietnam’s Mekong River Delta
While the economy of the mineral-rich, southernmost Mekong River Delta region is diverse, with industrial sectors ranging from tourism to oil & gas, due to favorable topography and a tropical climate, agriculture remains the most important economic sector.
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Vietnam Cracks Down on Securities Fraud
In an effort to enact protection mechanisms to lower the risk investors may be exposed to with regard to securities-related crimes, and to crack down on securities fraud, the Vietnamese government promulgated Circular No. 10.
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Vietnam Looks to Relax Foreign Property Ownership Laws
HANOI – Vietnam’s Ministry of Construction has recently proposed to relax its real estate laws in order to allow a greater amount of foreigners and foreign organizations to buy property in the country as part of an effort to reduce real estate inventory. Specifically, the Ministry proposed that organizations such as foreign investment funds, banks, […]
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Economic Threat for Vietnam from Computer Virus Epidemic
Secure, fast and affordable connectivity will be vital for Vietnam’s continued growth By Michael Mudd Aug. 9 – A recent report by a Vietnamese computer security company indicated that 93 percent of all computers in the country experienced at least one virus infection over the last year. This does not bode well with Vietnam’s goal […]
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Vietnam and New Zealand Sign DTA
Aug. 6 – Vietnamese President Truong Tan Sang and New Zealand Governor-General Rt Hon Sir Jerry Mateparae met in Hanoi yesterday to sign a new double tax agreement (DTA) that seeks to further boost economic relations and clarify tax-related issues between the two countries. The development and signing of this DTA comes quickly on the […]
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Foreign Exchange Control in Vietnam
Aug. 5 – Foreign exchange control is the paramount concern for all foreign investors entering into Vietnam, as regulations on capital inflows and outflows have a great influence on operations and profit. These transactions include transferring capital into and out of the country, opening and using bank accounts, borrowing foreign loans and paying foreign debts, dealing […]