Steel makes sharp jump in stock market

(Saigon Investment) - Steel stocks have made a strong jump in the stock market since the end of the second quarter due to increased production, revived exports at lower tariffs, and the unusual and massive sale of shares by some company directors. 

State Bank of Vietnam appoints first female Governor

(Saigon Investment) - The State Bank of Vietnam (SBV) appointed Ms. Nguyen Thi Hong as its first female Governor on 16 November. Faced with this formidable task, the challenges lying ahead for the new female Governor of the State Bank of Vietnam will be most daunting and onerous. 

Can Joe Biden heal a divided America?

(Saigon Investment) - Immediately after being predicted by some media as the winner of the election on 3 November, Joe Biden gave a speech on 7 November, saying that “This is the time to heal in America”.
Tan Binh Industrial Park.

Unreasonable land lease policies affecting industrial zones

(Saigon Investment) - More than two decades back, Ho Chi Minh City converted uncultivated agricultural land to set up the Tan Binh Industrial Zone (IZ), with the purpose of increasing land value, attracting more foreign investment, and creating plentiful jobs.  
Le Minh Xuan Industrial Park, HCMC.

Land rental rates causing conflict in industrial zones

(Saigon Investment) - Saigon Investment spoke with Mr. NGUYEN VAN BE recently, who is currently the Chairman of the Ho Chi Minh City Export Processing and industrial zones Association, to ask him about the many difficulties that investors are facing in industrial zones (IZ), as well as the problems pertaining to enterprises leasing land for production activities.
Illustrative photo.

Tax deduction not wholly beneficial for fertilizer industry

(Saigon Investment) - The Ministry of Finance has submitted a draft amendment to the Government on relaxation of tax for the fertilizer industry, which will eventually help domestic enterprises to increase competitiveness with imported fertilizers. However, this new tax amendment may not be beneficial to all fertilizer businesses in Vietnam.
Ms. Hoang Thi Thuy Lan, secretary of People’s Committee of Vinh Phuc Province, handing project to Vinh Phuc ICD Logistics Center representative, Mr. Do Quang Hien.

Vietnam-Singapore launch first joint multimodal Logistics Hub

(Saigon Investment) - The Prime Ministers of Vietnam and Singapore together launched the first project in Vietnam under the ASEAN Smart Logistics Network. The project has joint investment from Singapore’s largest logistics firm YCH Group and the Vietnamese conglomerate T&T Group for the setting up of the Vinh Phuc ICD Logistics Center, northwest of Hanoi.
Illustrative photo.

Why did India opt out of RCEP?

(Saigon Investment) - At the East Asia Summit meeting that ended in early November in Bangkok, where the issue of concluding the much-hyped Regional Comprehensive Economic Partnership (RCEP) agreement was at center stage, India ultimately decided to opt out, saying its key concerns were not addressed.