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Short-term economic pain has deterred foreign investors from entering the real estate sector, but manufacturing opportunities are still being grasped.
A number of domestic airlines have announced that they would increase their fares shortly after the Ministry of Finance (MoF) issued new ceiling prices for economy air fares on domestic routes.
A proposal by the finance ministry to make dividends tax exempt for stock investors has been rejected by legislators.
Foreign investors registered $1.56 billion by February 23, representing 68 per cent of the figure in the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Foreign investment quality in Vietnam continues being put squarely under the microscope.
A mammoth $4 billion project is to be licenced in a popular tourism region despite many other similar developments proving to hold empty promises.
Foreign shipping lines have been left at sea by unclear liquidation procedures for abandoned containers at Vietnam’s ports.
Foreign direct investment to developing countries is expected to rise 17 per cent this year as they drive the global economic recovery, the World Bank said Thursday.
Nearly half of enterprises in Ho Chi Minh City have reported losses annually, many of them are foreign direct investment firms who have reported losses for ten consecutive years to avoid paying tax.
About 20 per cent of enterprises listed last year were removed from the list 2010 with state-owned groups and corporations remained ranking among top 10 biggest enterprises in the country.
The Ministry of Transport has submitted to the government for approval of a master plan for transport development in the southern key economic zone until 2020, with a vision to 2030, at a cost of VND681 trillion ($32.4 billion).
Addressing the Vietnam-Japan Trade, Investment and Tourism Promotion Forum on November 15 in the Japanese city of Nagoya, State President Nguyen Minh Triet called for Japanese firms to intensify investment in Vietnam.
