This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies Find out more here
The central Quang Ngai Province has proposed that 10 per cent of the annual revenue from Dung Quat Economic Zone to 2015, equal to VND1.5 trillion (US$71.5 million) per year, be spent to develop the EZ’s infrastructure.
Thailand is boosting bilateral trade, investment and tourism with Vietnam, including a project to build a new department store in the neighbouring country, while Bangkok Bank has also obtained a licence to operate for 99 years in Vietnam
The General Department of Irrigation said VND20 trillion is needed to improve the efficiency of irrigation systems nationwide.
The Finance Ministry has recently held a conference to update policies and administrative procedures in taxation and customs for the Republic of Korea’s (RoK) enterprises.
Minister of Finance (MoF) Vu Thi Mai maintains that the proposed personal income tax threshold of VND9 million ($428) and taxpayer dependent deduction of VND3.6 million ($171)/person remains low against those in other regional countries.
Vietnam is rated as a top location in Southeast Asia for planned investment with 57 per cent of respondents reporting that their businesses plan to expand business in the nation, according to a recent survey by the US Chamber of Commerce in Singapore.
The country targets to have an additional 350,000 private companies in business in end-2015 in order to speed up the economy which is still reliant on the State economic sector, according to a plan just approved by the Government. The plan is suggested by the Ministry of Planning and Investment.
It is planned to start construction in Q1/2013.
Though Vietnam has struggled to recapture the supercharged growth rates it once enjoyed – and countries like Indonesia and the Philippines are increasingly seen as more attractive for investors – it is still a prime market that American companies are seeking to expand in.
Private Public Partnership (PPP) is believed to be the best solution for developing recycled energy projects. However, in Vietnam, both the two partners – private investors and the state – still cannot find a common voice to follow the model.
The Ministry of Transport has agreed to provide VND4.6 trillion (US$220.8 million) for the maintenance and upgrade of National Highway 20 the main arterial route between the Central Highlands and the Southeast.
A lot of conglomerates have been put into a dilemma. Though some investment deals have brought loss, they cannot withdraw capital from the projects.
