Investment policy and regulation
Domestic investors
PM: harness the Mekong region's economic power
The Greater Mekong Sub-region has the potential to become a major global production center due to its favorable geographical location and its proximity to economic powerhouses in both Southeast and South Asia, Prime Minister Hun Sen said on October 25. Speaking in Hanoi at the opening ...
Optimism for pharma sector
Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, as well as its potential in 2016-17. This information was released in a survey alongside the top 10 most prestigious pharmaceutical companies in the country by the Ministry of Information and Communications and Việt ...
Parliament calls for full revenue collection
National Assembly members have called for the government to do more to seek new revenue sources and fully collect revenue following last fiscal year’s revenue shortfall despite there being numerous income generating sources. Members of parliament put forward the requirement when debating the government’s proposal to ...
Vietnam among top places for business expansion in Southeast Asia: survey
With competitive labor cost, the country only comes after Singapore in terms of attractiveness. In the Southeast Asia region, Singapore tops the list of most favorable expansion destinations for Asian companies, with 32 percent of respondents saying they will invest more, followed by Vietnam, according ...
Public debt ceiling to remain at 65%
The government will not lift the public debt ceiling but will tighten its financial discipline to develop enterprises and further attract social investment to create the resources needed for reform and socioeconomic development. Lifting the ceiling would affect the country’s loan repayment capacity, Deputy Prime Minister ...
Govt asks parliament to lower growth targets
On October 24, the government asked the National Assembly to lower economic growth targets over the next four years after encountering difficulties that resulted in failure to meet the target set for last fiscal year. Prime Minister Thongloun Sisoulith presented the proposal at the second ordinary ...
Farmers have date with destiny
A Thai agricultural company will work with a local firm to introduce commercial date palm cultivation to the Kingdom, which it claims can generate more profits for farmers than pepper and other cash crops, and for which it has already lined up buyers. Chiang Mai-based Daily ...
Japanese groups may invest $2 billion into Vietnam real estate
It is rumored that about ten Japanese firms will invest up to US$2 billion in the real estate market in Vietnam, particularly HCM City and Hanoi, in the coming time. Than Thanh Vu, President of Sao Khue, said the information is accurate because recently his company ...
Construction, consultancy firms sign on for Laos-China railway
Five Chinese construction companies and six consultancy firms have been selected for engagement in the Laos-China Railway Project, with construction expected to start in December. Agreements with the companies were signed in Vientiane on October 24 in the presence of Vientiane Mayor Dr Bounchan Sinthavong, Chinese Ambassador ...
Rice harvest prompts wary sales
The government will pause its efforts to dispose of state rice stocks to curb any adverse impact on domestic rice prices as the latest harvest enters the market. According to Duangporn Rodphaya, director-general of the Foreign Trade Department, with the annual rice harvest season beginning ...
