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Danang calls for $68m investment into high-tech agriculture

The central city of Danang is calling for an investment of VND1.5 trillion (USD68 million) into the development of high-tech agriculture.  The forum in Danang to seek high-tech agriculture investments. On December 15, Danang held a forum to seek high-tech agriculture investments. At the event, experts said that Vietnam is among countries which have been ... Read More »

Uber posed with $3.1 million in tax arrears

Uber currently owes nearly VND70 billion (USD3.1 million) to the state budget. If Uber fails to ensure the payment deadline, HCM City Department of Taxation has said it will consider further legal measures to settle the outstanding payments.    Uber posed with USD3.1 million in tax arrears According to the HCM City Department of Taxation, the department’s inspection of Uber’s ... Read More »

Government progress in business environment improvement

2017 saw the government’s drastic engagement in removing obstacles faced by enterprises with the adoption of a series of incentive policies and the Prime Minister’s resolute commitments. These efforts are aimed at securing 1 million efficient businesses by 2020. This year, the government adopted new incentives, simplified administrative procedures relating to credit, tax, land, construction, and imports-exports, and reduced business ... Read More »

Vietnam’s logistics costs make up 20.8% of GDP

Vietnam’s logistics costs remain high, equivalent to over 20% of GDP while these costs account for between 9% and 14% of GDP in developed countries, according to the Vietnam Logistics Association. The Vietnam Logistics Forum was held on December 15 in Hanoi, under the chairmanship of Minister of Industry and Trade Tran Tuan Anh, and Vice Minister of Transport to ... Read More »

HCM City: FDI flow into property sector triples

Ho Chi Minh City’s real estate sector attracted US$984.4 million in foreign direct investment (FDI) during January-November, triple the figure from the same time in 2016. The surge in FDI capital was led by large projects, including Mizuki Park residential area in Binh Chanh district with total investment of US$351 million with Japanese partners Nish Nippon and Hankyu. Japanese investors ... Read More »

Chinese furniture manufacturers relocate to Vietnam

VietNamNet Bridge – Chinese wooden furniture enterprises are considering setting up their production bases in Vietnam, raising worries among domestic manufacturers. Vietnam’s woodwork exports may bring $8 billion in 2017 Chair of Tianjin Furniture Association Gao Xiu Zhi told the local press on the sidelines of an event on trade and investment promotion with Beijing, Tianjin and Hebei held in ... Read More »

ACV prepares for colossal divestment

The state will divest about 20 per cent of its stake – more than 435 million shares – in Vietnam’s largest state-owned airport operator in the third quarter of next year. The state will divest about 20 per cent of its stake in the country’s largest airport operator next year  According to Lai Xuan Thanh, chairman of Airports Corporation of ... Read More »

Foreign investors keen to acquire stake at oil refinery

The equitization of Binh Son Refining and Petrochemical Company (BSR), the operator of Dung Quat Oil Refinery in central Vietnam, has drawn strong attention of big foreign investors given the company’s strong financial readings and its market position. Under the equitization plan approved last week by the Government, BSR will launch its initial public offering (IPO) on the Hochiminh Stock ... Read More »