Efforts to stimulate domestic growth

Efforts to stimulate domestic growth

(ĐTTCO) - The International Monetary Fund (IMF) forecasts that Vietnam's economic growth for the whole year 2020 will be only 2.7%, and the General Department of Statistics has announced that results of the first six months were the lowest in ten years.

Vietnam’s southeastern region still unexplored

(ĐTTCO) - The brilliant leadership of the Party and State and the people’s joint concerted effort and total cooperation enabled Vietnam to contain the spread of the Covid-19 pandemic with great success, creating a safe destination for its citizens as well as visitors. This has paved the way for a rapid return of tourism in the country and in the new developing southeastern region.

Regional provinces for joint development of tourism

(ĐTTCO) - After a long period of social distancing caused by fears of the spread of the Covid-19 pandemic, many people are seeking to travel to regions within the borders of the country.

The impossible mission.

(ĐTTCO) - The Bank of England estimated in early May that GDP was on course to shrink by 2.9% in 2020 quarter 1, then 25% in quarter 2. With a fall 14% in 2020, this is twice the size of the collapse during the financial crisis. With the figures in for April the UK economy shrank 20.4%, the largest monthly contraction on record. For the 3 months to April the decline was 10.4%.

Processing and manufacturing industry continued to attract most investments. (Photo: SGGP)

FDI capital makes new record

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.

(Illustrative photo: SGGP)

PM asks to prevent land price fever, property bubbles

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.

Keppel Land purchased all contributed capital of Southern Waterborne Transport Joint Stock Corporation (Sowatco) in the office building project of Saigon Center. (Photo: SGGP)

Vietnamese enterprises amid M&A tendency

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.
(Illustrative photo:SGGP)

Vietnam invests in 190 projects in Cambodia

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. 
Change in Capital Raising Strategy

Change in Capital Raising Strategy

(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.

Other countries experience in reducing cost burden

Other countries experience in reducing cost burden

(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.

Cost Burden

Cost Burden

(ĐTTCO) - According to 2018 Global Economic Report presented at the World Economic Forum, Vietnam was ranked 96th out of 140 countries in terms of “burden of government regulation”.
Special mechanism for repossessing land

Special mechanism for repossessing land

(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.

Land Fever Spreads

Land Fever Spreads

(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.

Entrepreneur Truong My Lan: Magnanimous Benefactor Supports Hospital Construction

Entrepreneur Truong My Lan: Magnanimous Benefactor Supports Hospital Construction

(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.  

Tan Son Nhat airport terminal construction under controversy

Tan Son Nhat airport terminal construction under controversy

(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.
Gosu Blue - charisma from blue enamel

Gosu Blue - charisma from blue enamel

(ĐTTCO) - Gosu Blue, the precious masterpieces with blue-enamel Shimazu’s coat (a cross shape in the circle), is one of Satsuma’s most sought-after pottery artefacts. It had been produced limited in Tokyo since mid of 19th century, and ended production in 1872. Gosu Blue is also known as the typical pottery of late Edo period (1850-1870).

The Hub of  Solar Power

The Hub of Solar Power

(ĐTTCO) - According to the Institute of Energy, Binh Dinh and Phu Yen are two provinces with excellent conditions for setting up solar power plants. In the last few years many investors have built plants in these two places, making them the country’s green power hub.

To revise Enterprise Law according to practical requirements

To revise Enterprise Law according to practical requirements

(ĐTTCO) - The Enterprise Law in 2014 contributes positively to the formation of a favorable and fair business environment, motivates the establishment, growth and expansion of enterprises. Since 2014, both the number of new enterprises and total registered capital have been increasing annually thanks to the simplified procedure and the improved regulation on protection of investors and shareholders.