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Controlling Inflation and Stabilizing Economy Top Priorities for Central Bank in 2011
Dec. 7 – The State Bank of Vietnam announced on Tuesday that it would concentrate on controlling inflation and stabilizing the economy as its key goals for 2011. “[The central bank] will actively, flexibly and prudently conduct monetary policies in order to give the first priority to controlling inflation and stabilizing the macroeconomy, contributing to […]
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PM Calls for Regular Submission of Statistical Reports
Dec. 3 – Vietnam’s prime minister has approved a new regulation that will make it mandatory for state-owned enterprises (SOEs) and foreign invested companies and projects to issue regular statistical reports. Following Decision 77/2010/QD-TTg, wholly state-owned companies, state-owned corporations and their subsidiaries, and joint-stock and limited companies with 50 percent of their charter capital government […]
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Vietnam to Launch Anti-Corruption Program
Dec. 1 – Vietnam’s Government Inspectorate, in collaboration with the World Bank, is scheduled to launch an anti-corruption program next month aimed at stamping out misconduct by those holding positions of public office and strengthening the public’s faith in the state. The campaign, titled the Vietnam Anti-Corruption Initiative Program 2011, is expected to be conducted […]
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New Issue of Vietnam Briefing: Understanding Vietnam’s Legal Environment
Nov. 30 – In this new issue of Vietnam Briefing we look at the legal environment for establishing a business in Vietnam as a foreign investor. There are basically two laws that govern foreign direct investment in Vietnam: the Unified Law on Enterprises and the Common Law on Investment. We examine these two laws and […]
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Vietnamese Commercial Banks Increase Interest Rate for Deposits, Lending
Nov. 26 — Several Vietnamese commercial banks increased interest rate returns on dong deposits to 13 percent per year, as well as offered other incentives to attract new customers and retain existing ones. HDBank and Southeast Asia Commercial Bank are two banks that now offer 13 percent on dong deposits of 12 months or more. […]
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Vietnam Aims to Be Low Carbon Economy By 2020
Nov. 23 – In an effort to make Vietnam a low carbon economy by 2020, the Ministry of Natural Resources and Environment announced on Monday that it will be introducing new measures that will further develop renewable energy resources such as solar, wind and biomass power. New policies will also be implemented stressing the construction […]
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PM Approves PPP Pilot Program for Transportation Infrastructure
Nov. 22 – Vietnam’s government has approved guidelines for a new public-private partnership (PPP) pilot program that will initially serve as a model for all projects involved in the development of the nation’s transportation infrastructure. In order for a project to be eligible for the PPP program under the new regulations, it would need to […]
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Hanoi to Boast 11 New Industrial and High Tech Zones in Next Five Years
Nov. 19 – Plans have been laid to create 11 new industrial zones and high tech parks in the Vietnamese capital of Hanoi over the next five years in a bid to attract further domestic and foreign investment, Nguyen Xuan Chinh, head of the Hanoi Industrial and Export Processing Zone Management Board, said on Thursday. […]
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New Minimum Capital Requirement May Soon Be Instituted for Companies Looking to List in Vietnam
Nov. 18 – Vietnam’s State Securities Commission is looking to increase the minimum capital requirement for companies wanting to list on the nations bourses. In a new draft currently being prepared by the stock regulator, any company that wishes to be listed on the Ho Chi Minh Stock Exchange will need to have a minimum […]
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Gov’t Approves Plans for Two New International Airports
Nov. 17 – The Vietnamese government approved and outlined plans for two new international airports in a meeting chaired by Deputy Prime Minister Hoang Trung Hai on Monday – one in the southern province of Dong Nai and one in the northern port city of Haiphong. Construction on Dong Nai’s Long Thanh International Airport has […]