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The government of Ca Mau Province at an investment promotion conference in HCMC last Friday pledged to offer strong incentives for investors, from preferential tax and low land rent to easy administrative procedures and support in site clearance and worker training.
Bank loans for the property sector are estimated at some VND150 trillion (US$6.7 billion) this year, a 14.2% pickup from a year earlier, according the HCMC Real Estate Association (HoREA).
The fifth Rubber & Tyre international expo will take place in Ho Chi Minh City from June 13-15, 2017.
The finance ministry has announced that people who own a house will not have to pay tax for the second house they buy in 2017.
India-based Tata Coffee, a subsidiary of Tata Global Beverages, has released plans to set up a greenfield freeze-dried instant coffee plant in Vietnam with the total investment capital of $50 million. The plans were stated in a filing to the Bombay Stock Exchange (BSE).
Prime Minister Nguyen Xuan Phuc has assigned the reaching of targets in the 2017 socioeconomic plan to five ministries, with a host of proposals coming from both local and domestic groups submitted to help the country achieve its goals.
The Electricity of Vietnam (EVN) held a ceremony in the northwestern mountainous province of Lai Chau on December 20 to inaugurate the Lai Chau hydropower plant.
Local realty developer Sun Group and international hotel operator Marriott International opened Saturday a new five-star ecotourism resort on Phu Quoc, bringing the total number of super-luxury hotels on the southern Vietnamese island to six.
While some experts believe the real estate market will be active in 2017, others think the market will cool down and encounter difficulties.
Packaging production for the liquid and beverage sector in general and cans in particular is luring foreign investment due to the increasing demand.
U.S. President-elect Donald Trump, speaking in a phone conversation with Vietnam’s Prime Minister Nguyen Xuan Phuc on December 14, said he wanted to cooperate with Vietnam to step up ties between the two countries.
Prime Minister Nguyen Xuan Phuc on December 19 visited Saigon New Port, one of the strong economic unit of the Vietnam People’s Navy, asking the company to fulfil its both economic and defence missions.
