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The Vietnam Automobile Manufacturers’ Association (VAMA) has proposed a 5 per cent automobile registration fee applied nationwide.
Some 44% of corporate borrowers are offered lending rates at over 19%, while the acceptable rate is said to be below 14% per annum, says a survey of the HCMC Statistics Office.
Mergers and acquisitions (M&A) in the local market amounted to US$4.7 billion last year, with the value of deals involving foreign investors reaching 66%, heard a press conference on the 2012 M&A Vietnam Forum in Hanoi in 24 May.
Since early this year, Can Tho has granted licences to 10 projects in industrial zones (IZs) with a total capitalization of US$76 million.
Southern Binh Duong province takes the lead in attracting foreign direct investment (FDI) in the first four months of this year, with 1.6 billion USD, accounting for 37.2 percent of the country’s total FDI.
In the first four months of 2012, only four State-owned enterprises (SOEs) were equitized, said a report of the Steering Committee for Enterprise Reform and Development. This is a slow progress given an urgent need for SOEs equitization. Pham Viet Muon, deputy chief of the steering committee, who also...
Pharmaceutical giant Sanofi has said it is working on a plan to build a new pharmaceutical facility in Vietnam to meet high domestic and regional demands as its two existing plants in HCMC are running at full capacity.
Credit institutions have to reduce the foreign currency status by the end of day to 20 percent from May 2.
Ho Chi Minh City will continue to complete its urban infrastructure in the coming years to turn into a greener and larger urban zone, according to the city’s Department of Planning and Architecture.
Vietnam Star’s Mercedes-Benz Gallery in Ho Chi Minh City was built with an investment of US$5 million.
