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In recent months, Vietnam’s macro economy has been improved markedly. Inflation and trade deficit has been lowered, liquidity of the domestic banking system has also been better. However, the spreading global financial crisis and economic recession has had negative impacts on Vietnam’s efforts...
Nike, the US’s leading supplier of sporting equipments and garment, announced that it will stop placing additional orders at Samho Vietnam-a footwear manufacturing plant in Cu Chi district, Ho Chi Minh City in the next 6-12 months.
The Foreign Investment Agency under the Ministry of Planning and Investment has received feedback from 29 cities and provinces on the disbursement of capital in the first quarter of 2009.
The Vietnamese Ministry of Planning and Investment has announced a list of more than 60 urban infrastructure projects, calling on an estimated 12 billion U.S. dollars of investment in the period of 2009 and 2016.
Most consumer import products have seen sharp decreases recently, with some products decreasing by 90% in comparison with imports during the first quarter of 2008. Unlike previous years, imports have been sharply decreasing by 50-90% instead of increasing to prepare for the high Christmas and New Year...
MGM MIRAGE (NYSE:MGM) and Asian Coast Development Ltd. (ACDL) announced on November 18 plans to develop the MGM Grand Ho Tram - Vietnam’s first "Las Vegas style" integrated resort. ACDL will own and finance the project, and MGM MIRAGE will provide development assistance, brand equity and operate the...
The Government has no intention to delay the imposition of new income and capital gains taxes on securities beginning January 1, Vu Van Truong, head of the Ministry of Finance’s taxation policy department, has said.
The HCM City real- estate market could not recover this year as buyers were waiting for prices to fall further and were unable to get loans to buy property, according to some experts.
There have been signs showing that people have been beginning to keep foreign currencies instead of VND, as the basic interest rate has been slashed to 11% per annum and is likely to decrease even further in the times to come in order to prevent deflation.
The impacts of the global downturn will be less serve in Viet Nam because of its low level of exposure to the global financial market and the country’s monetary policies adopted earlier this year, according to the European Chamber of Commerce (EuroCham) in Viet Nam.
Vietnam plans to pump 60 trillion VND (over 3.5 billion USD) into developing its seaport system, aiming to double its current cargo handling capacity to 250 million tonnes by 2010.
Vietnam now has 368 valid projects, capitalised at almost 4.4 billion USD being implemented in foreign countries, the Foreign Investment Department under the Ministry of Planning and Investment has announced.
