Vietnam Briefing News

Vietnam To Revamp Its Economy

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Feb. 27 – Vietnam has approved a plan to boost its economy by focusing on restructuring public investments, banks and state-owned enterprises (SOEs). Furthermore, in an attempt to generate sustainable growth by 2020, attention will also be placed on strictly controlling inflation. As he signed a 29-page directive that took effect on February 19, Prime […]

New Regulations Open Up Vietnam to Foreign Investors

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Jan. 28 – The Vietnamese Ministry of Finance issued Circular No. 213/2012/TT-BTC last week in a move to increase the participation of foreign investors in Vietnam’s securities market. The Circular also includes provisions on disclosure requirements for foreign investors. It will take effect on February 15 and will replace Decision No. 121/2008/QD-BTC. Under the Circular, […]

Minimum Wages in Vietnam to Increase from January 2013

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Dec. 13 – The Vietnamese government recently released Decree 103/2012/ND-CP, which stipulates the new regional minimum wages for employees working for all types of enterprises. This will replace the prior Decree 70/2011/ND-CP, which has been in effect since August 2011. These minimum wages will form the basis from which enterprises and employees will agree on […]

Vietnam Ranks Coastal Economic Zones

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By Tran Que Chi Jun. 14 – Under a classification scheme conducted by Vietnam’s Ministry of Planning and Investment (MPI) in order to prioritize investment, Chu Lai in Quang Nam and Dung Quat in Quang Ngai have been listed as the country’s first-rate coastal economic zones. Mr. Vu Dai Thang, head of the Economic and […]

Report: Vietnam 2nd Most Attractive Market in Southeast Asia

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By Julia Gu May 15 – A recent survey by the ASEAN Business Advisory Council (ABAC) revealed that Vietnam ranked as the second most attractive investment destination in Southeast Asia after Indonesia. Vietnam’s FDI in recent years has largely gone into its manufacturing sector, particularly the manufacturing of textiles and footwear, but the country’s role […]

Asia Briefing Releases New Doing Business in Vietnam Guide

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Asia Briefing has just released the inaugural edition of its regional business guide “Doing Business in Vietnam” – offering business-minded individuals an up-to-date reference source for all of the key issues concerning setting up and successfully operating a business in the country.

Vietnam Sees Strong FDI Growth

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By Tran Que Chi Feb. 28 – According to Vietnam’s General Statistics Office, foreign direct investment projects have disbursed an estimate US$1 billion in the first two months of 2012. As of February 20, 2012, there were 65 FDI projects with new investment licenses accounting for a total registered capital of US$910.9 million.

World Bank Forecasts 6% Growth for Vietnam

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Nov. 29 – According to the report East Asia and Pacific Economic Update released by the World Bank on November 21, Vietnam’s gross domestic product (GDP) will increase 6.1 percent next year. The recent forecast confirms Prime Minister Nguyen Tan Dung’s expectations of 6 percent to 6.5 percent growth for 2012, which he announced at […]

Vietnam’s M&A Activities 2011

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Nov. 7 – Following amendments more than five years ago to two major laws regarding investment activities in Vietnam – namely the “Competition Law” and the “Law on Investment” – the country’s mergers and acquisitions (M&A) market has increased from US$299 million in 2006 to US$1.7 billion in 2010. Furthermore, M&A activities for the first […]

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