HÀ NỘI - A comprehensive plan on how to use US$500 million in compensation from the Taiwan-owned Formosa Hà Tĩnh Corporation must be outlined by the end of next month, the Prime Minister said yesterday. In an online meeting between the Government with localities, one day after Formosa finally admitted its responsibilities in the mass fish deaths across the central region and committed to a compensation of half a billion dollars, the issue of how to spend the money for the benefit of affected residents was put on the table for discussion. Measures to help hundreds of thousands of people along the 300-km coast hit by the fish die-off must be a top priority, said Prime Minister Nguyễn Xuân Phúc. The Government should calculate how much compensation they should get and announce the figures quickly, Phúc said. "How much is given to the fishermen, how much is spent for the environmental protection fund or for initiatives to promote offshore fishing will all be made public in a … [Read more...] about Gov’t mulls how to use Formosa money
How to investors make money
How To Buy A Stake In Vietnamese Enterprises By Tran Thanh Tung& Nguyen Thi Phuong Chung (*) Five steps towards acquiring a stake in local enterprises Thanks to his business networks, an Indian investor managed to clinch a deal under which it would acquire a 4% stake in a local joint stock firm. The contract was signed, money was transferred into the seller’s account, the buyer’s particulars were noted and the company already supplied the shares. The transaction was, in short, all but complete. However, the company failed to touch on the issue of dividends; neither did it convene a general meeting as requested by this Indian investor. When dispute erupted and the case was referred to the Department of Planning and Investment, the deal was considered as illegal since it was not registered at this agency. Investor rights, in this case, are questionable. This scenario reflects the problems gripping foreign investors who want to purchase shares in local companies. Trouble … [Read more...] about How To Buy A Stake In Vietnamese Enterprises
There Are Plenty of Opportunities for Making Money On the sidelines of the seminar “Vietnamese calibre in the global economy” organised by Thaihabooks Joint Stock Company, the Vietnam Business Forum had an interview with Dr Alan Phan, speaker of the seminar. Anh Phuong reports. A rescue for the Vietnamese real estate market is a hot topic now. What is your opinion about this rescue? In the real estate market, the price is now the most important thing. Needless to say, the price is based on the agreement between the buyer and the seller. For a long time, the value of real estate in Vietnam has been pushed up many times higher than the real value. When the pressure inside the bubble is too high, it will explode or deflate slowly. But, whether it blows up or deflates, it must return to its reality. In my opinion, the time when the real estate price returns to the reality is not far. However, I now think that the real estate price will go down another 20 per cent - 30 per … [Read more...] about There Are Plenty of Opportunities for Making Money
Real Estate Market: How to Find a Sustainable Policy? Different from previous years, the real estate market of Vietnam in early days of 2011 has started to speed up. Strong participation of investors has boosted the price of real estate day by day. However, realty experts still make skeptical judgment on sustainable development of this market. According to many realty experts, the sudden increase in the price of many segments of realty market does not truly reflect the reality of this market, since under pressure of monetary policy tightening and new regulations in managing master planning and land, investors cannot overcome psychological obstacles promptly to make massive investment as what is going on. Real estate enterprises will encounter many difficulties At this time, financial and fiscal policies are very sensitive. As such, many real estate experts believe that those who have demand for realty investment will not immediately pump money but hold on and investigate … [Read more...] about Real Estate Market: How to Find a Sustainable Policy?
Viet Nam needs to invest in infrastructure while sustaining economic growth. So far, the State budget and official development assistance have contributed most of the funding for infrastructure development. However, a recent proposal to sell big highway projects to investors would change that. Viet Nam News spoke to experts and officials about how to make roadway ownership attractive to investors, and how public-private partnerships would work with infrastructure development. The public is quite interested in the transport sector's new plan to sell highway projects to investors, which could lead to a new market developing in Viet Nam - transport infrastructure. How do they plan to do this? … [Read more...] about Road projects prepping for sale to investors