Since the beginning of this year, total foreign capital pumped into Vietnamese market has nearly reached US$15 billion, an increase of 81 percent over the same period last year, with the highest investment from China followed by South Korea and Singapore.
The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade announced that it has recently issued a decision on application of measures to prevent imported steel wire and rolled steel products from avoiding trade remedies.
In the last few years, the Vietnamese government has been keenly interested in developing solar and wind power projects. These plants have attracted many foreign as well as domestic investors. However, many constraints still remain in developing recycle energy.
The trade war between US and China is entering a highly stressful period as both sides are determined to prove their strength by tough responses and heavy penalties on each other. SGGP Investment & Finance had discussions with several experts to clarify what the impact of this trade war would be on the economy in USA, China, Vietnam and other countries.
(ĐTTCO)-Ho Chi Minh City is spread across approximately 2,100 sq. kms, so it is unreasonable if people say the City does not have any land left to construct more houses and apartments. However, the current organization of the City and many architectural structures may seem that Ho Chi Minh has vast shortage of construction area.
(ĐTTCO)-Ho Chi Minh City is the most vibrant economic hub of Vietnam, attracting huge investments from both domestic and foreign investors, and playing a very important role in the development of the country. However, over the last few years, the City has faced many obstacles in its growth and has also been impacted by changes in the competitive environment. Some economic drivers in the City are being hit hard such as big land banks, cheaper labor costs and the service sector.
For decades, output of animal husbandry of Vietnam has mainly served domestic market. However, currently, the Ministry of Agriculture and Rural Development has opened policies to encourage firms to promote export of, first of all, poultry products to potential markets thanks to plentiful supply.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, registered foreign capital reached US$14.59 billion in the first four months of this year, the highest level in the past four years.
Vietnamese Prime Minister Nguyen Xuan Phuc has asked people’s committee leaders in cities and provinces to keep an eye on the property market and adopt measures to prevent land price fever and property bubbles.
Vietnam has invested in 190 investment projects in Cambodia with the total registered investment capital of nearly US$ 2.9 billion, focusing on agriculture and forestry whereas the partner offered 19 investment projects with the total capital of US$ 65 million in Vietnamese market.
Instead of carrying out projects themselves, several foreign investors tend to increase investments into Vietnam via capital contribution, share purchase or acquisition so as to quickly take part in the local market or transfer to other partners for profits.
(ĐTTCO) - The pressure to raise chartered capital in banks has increased as the deadline for applying for Basel II is nearing. However, sale to strategic partners faces many difficulties as the local fund supply is far below banks’ demand.
(ĐTTCO) - Practically speaking, commercial contracts between international parties are immediately revised when any legal compliance cost arises. In foreign countries, the “burden of government regulation” is taken seriously and governments across the globe are putting in a lot of effort to cut this cost. Vietnam should learn from them.
(ĐTTCO) - The current compensation and resettlement process for owners of repossessed lands faces many difficulties and several disputes. The inflexibility of the prevailing regulations have caused delays in some projects and consequently impacted people’s benefits.
(ĐTTCO) - Van Don (Quang Ninh Province), Da Nang, Phan Thiet (Binh Thuan Province) and Nhon Trach (Dong Nai Province) are some hotspots where land fever has taken hold recently. Investors and speculators are rushing to these locations in great numbers, while brokers and middlemen jostle to compete and lift up land prices.
(ĐTTCO) - After one year, the construction of the fourth floor of An Binh Hospital, located at 146 An Binh Street, Ward 7, District 5, Ho Chi Minh City, is finally complete. This is the first hospital that has received a huge non-refundable donation of VND 450bn from a benevolent private conglomerate, the Van Thinh Phat Group.
(ĐTTCO) - The Ministry of Transportation (MoT) and Committee for Management of State Capital (CMSC) have appointed the Airports Corporation of Vietnam (ACV) as investor of T3 terminal at Tan Son Nhat international airport. This decision has aroused controversy among people.