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Quang Ninh Province authorities have decided to withdraw the licenses issued for five projects due to unseemly delays, violations, and requests from investors.
The price of gold in Vietnam declined to around VND45 million per tael (1.2 ounces) on August 11 as global price sharply plunged due to profit-taking.
The National Assembly has endorsed the Government’s proposal to cut income tax for certain individual and corporate taxpayers as a lifeline to survive the tough economic conditions.
Foreign direct investment (FDI) into HCMC in the January-July period soared a staggering 70% year-on-year while that of the whole country dropped considerably in the past seven months, the HCMC Department of Planning and Investment said.
Many billion-dollar foreign direct investment (FDI) projects have been registered in Vietnam since 2006, accounting for one-fourth of the total FDI commitment in the country.
Experts have warned that the competition would be stiffer when the tax incentives applied to the enterprises in industrial zones (IZs) and export processing zones (EPZ) are removed by early 2012.
The information that another mammoth project worth more than four billions dollars has been registered and immediately caught the special attention from the public, because it appears at the time when many other giant projects have to shut down.
August’ CPI growth rate is widely forecast to surge over the same period last year. Compared to June, July saw a sudden 0.88 percent decline in food price index which has been taking toll on the CPI growth rate.
PetroVietnam Insurance Joint Stock Corp (PVI) has recently approved a plan to retail 53.2 million shares to foreign investors in 2011.
Vietnam’s Index of Industrial Production (IIP) slowed during the first seven months of the year, with an increase of only 8.8 percent year-on-year, according to the General Statistics Office (GSO) last Thursday.
