The proposal on resuming trade relations with 17 economies, important partners which make up 90 percent of foreign investment, 80 percent of international trade and 80 percent of travelers to Vietnam, has been made by the HCM City Party Committee Secretary Nguyen Thien Nhan. … [Read more...] about How should Vietnam reopen to other economies after COVID-19?
Vietnam business news
The government last week reported that in the first half of 2020, the number of enterprises halting operations was 29,200, up 38.2 per cent on-year, and 22,400 enterprises were not operating at their registered addresses, up 34 per cent on-year. Moreover, about 1.8 million passengers and 808 million tonnes of goods were transported, down 27.3 and 8.1 per cent on-year, respectively. … [Read more...] about Belt-tightening goes on as business attempts recovery
The move by the four state-owned banks was followed by joint stock banks. The 7 percent interest rate is no longer seen in the bank’s interest rate table. The current highest interest rate is 6.9 percent per annum, applied to 15- and 18-month term deposits. … [Read more...] about Capital in oversupply, banks slash interest rates
Hanoi (VNA) – Vietnam is considered a good land for high-quality foreign direct investment (FDI) influx in post-pandemic period, according to a foreign expert. Era Dabla-Norris, chief of the International Monetary Fund (IMF) delegation in charge of Vietnamese issues, said Prime Minister Nguyen Xuan Phuc’s decision to set up a special working group on FDI attraction to welcome the wave of shifting production to Vietnam after the pandemic was very praiseworthy. It showed the Government’s thorough understanding of FDI’s importance and contribution to productivity and economic growth, she went on. Vietnam’s efforts to improve the legal framework for FDI attraction could help the Southeast Asian country lure high-quality projects in the coming time, she believed. According to the IMF expert, many large international corporations are seeking investment opportunities to diversify their supply chains. Vietnam has emerged as one of the brightest … [Read more...] about Vietnam – safe destination for high-quality FDI: expert
He stressed the need to make legal regulations related to real estate coherent. At the same time, it is necessary to consider the issuance of resident visa for foreigners with the duration equal to the time they own real estate in Vietnam. The transfer of tourism property contracts should be allowed in the same way as the transfer of housing ownership contracts, he said. … [Read more...] about Real estate expert proposes policy allowing foreigners to own land