Long An attracts US$470 million in FDI
HCMC – The Mekong Delta province of Long An has attracted foreign direct investment (FDI) worth US$470 million in the year to date. This includes the issuance of investment certificates to 39 FDI projects valued at over US$408 million, an increase of 15 projects and a capital increase of US$162
VAT cut to affect price controls on some goods and services: VCCI
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has raised concerns that the reduction of value added tax (VAT) will impact the prices of certain goods and services that are subject to government price controls, if detailed guidance is not provided. The Government currently applies
Can Gio Port: Another Vietnamese 'white elephant'?
Will Can Gio international transit port now become a "white elephant" or a trap for investors to squeeze Vietnam's preferential policies?
Can Gio Port in Vietnam is expected to bring in $2,000,000 per year
According to Ho Chi Minh City Ministry of Transport data, when Can Gio Port Vietnam is operating at full capacity, it will contribute a budget of 3400-400 billion VND annually to create jobs for tens of thousands of people.
Vietnam, China to strengthen ties for peace, stability
HCMC – The heads of government of Vietnam and China have discussed solutions to strengthen bilateral relations and agreed to foster the comprehensive strategic partnership between the two countries. The statement was given during a meeting between Vietnamese Prime Minister Pham Minh Chinh and his
In the tourist season, how is the real estate market in Da Nang?
Although the supply of most real estate products in Da Nang is very scarce, the liquidity ratio is still extremely low.
WinCommerce launches a supermarket of more than 2,000 square meters in Hanoi
WinCommerce upgraded WinMart Thang Long supermarket (72 Tran Dang Ninh, Cau Giay) according to a new experience model, with European style, open to welcome customers from June 23.
Banks lower deposit interest rates further
HCMC – State-owned and private banks have recently lowered their deposit interest rates in response to the decision by the State Bank of Vietnam (SBV) to further decrease deposit rates and key interest rates on June 16. Last week, four state-owned commercial banks, including Vietcombank,
Work begins on Beltway 4 in Hanoi
HCMC – Work has begun on the Beltway No. 4 project in the Hanoi City region, which will connect the capital and neighboring provinces. Speaking at the groundbreaking ceremony yesterday (June 25), Prime Minister Pham Minh Chinh said, “Vietnam has made significant strides in expressway development.
U.S. aircraft carrier arrives in Danang for six-day Vietnam visit
HCMC – America’s aircraft carrier USS Ronald Reagan arrived at Tien Sa port in the central beach city of Danang today, June 25, for a six-day friendship visit to Vietnam. This is the third Vietnam visit by a U.S. aircraft carrier since 2018. Pham Thu Hang, spokeswoman for the Ministry of Foreign
Bracing for acquisitions
Mergers and acquisitions (M&A) activities are expected to be intense across various production and business sectors due to inflation, liquidity woes and the hardships faced by numerous businesses. This is an opportunity for M&A investors to secure better deals. Real estate sector Keppel
HCMC to apply new mechanism with NA’s approval
HCMC – HCMC, as a special-class city, has received approval from the National Assembly to pilot a new mechanism and special policies for development and promises to make every effort to implement it effectively. As the majority of the deputies present at the sitting voted in favor, the National
