This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies Find out more here
Two-thirds of businesses in Viet Nam have adopted a stronger focus towards the domestic market since the global financial crisis broke out, a new report says.
Four key investment funds last week underlined their confidence in Vietnam by voting to continue operations in the country.
According to a recent HSBC survey, Vietnam stands 10th on the overall Expat Explorer Economics league table that ranks countries and territories based on a number of factors such as earning levels, disposable income and ability to accumulate luxuries. Singapore tops the list.
With the economic growth rate of 4.77 percent in the first nine months of the year, analysts believe that the GDP growth rate would be 5.2 percent for the whole year of 2012. The figure is believed to be "satisfactory,” which truly reflects the current circumstances.
A credit agreement to fund the Vietnam Distribution Efficiency Project was signed in Hanoi in November 2012 between the Electricity of Vietnam and the World Bank.
In the future only 5-star hotels, not 3-star ones as at present, will be allowed to set up casinos to serve foreign gamblers, according to a draft decree of the Finance Ministry.
Experts have called for a toughening up of the latest draft of the Land Law, as they feel it doesn’t go far enough to tackle the fundamental elements of most land disputes.
Laos is developing its railway network with a 4 billion US dollar project to link with Vietnam on the sidelines of the Asia Europe Meeting here, local media reported.
The Ministry of Construction has recently issued a circular to ban export of eight minerals used to manufacture construction materials.
Many foreign-invested real estate development projects have come to a standstill in Vietnam although the developers are known for strong reputation and financial resources.
The Vietnamese government has temporarily got cold feet about a $4 billion casino project on Phu Quoc island.
Kumho Asiana Group wants to follow in the footsteps of Samsung and gain landmark tax incentives for its investment expansion plans.
