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The Ministry of Transport divested from several companies following Government directives, gaining more than VNĐ2 trillion (US$88.9 million) during the first half of this year, said an official from the ministry.
In spite of being taken over by the domestic investor after the withdrawal of its foreign investors, the fate of $278-million Danang Information Technology Park (IT park) remains uncertain.
Value of mergers and acquisitions (M& A) activities of Vietnam exceeded US$ 3 billion in the first six months of 2016, reported experts at a press conference about “M & A for opened economic environment” in Hanoi on July 25.
Foreign direct investment (FDI) pledges in Ho Chi Minh City between January 1 and July 15 dropped 65.2 percent from the same period last year to US$863.6 million, according to new data.
Whilst Vietnam has made considerable progress in enhancing its business and investment environment in recent years to magnetise foreign investors, the country is still lagging behind its regional peers in terms of competitiveness.
Vietnam will provide special tax incentives to enterprises in the science and technology and agriculture sectors.
Bank of India has opened its first branch in Vietnam with a capital of US$15 million, a move that is expected to help increase the countries’ trade activities, local media has reported.
The Vietnam Farmer’s Union (VNFU) and the Japanese Institute of East Asian Studies (TOA) signed an agreement on cooperation in agriculture, forestry, fisheries and rural development in Hanoi on July 22.
Authorities and experts in HCM City are considering a master plan to comprehensively develop the logistics industry that fully utilises the city’s advantages and meet both urgent and long-term requirements in the context of the country’s global integration.
A majority of European businesses are optimistic about Vietnam’s business environment and macroeconomic stability as shown in a recent survey conducted by the European Chamber of Commerce in Vietnam (EuroCham).
Improving legal frameworks and incentives are critical to promote the development of real estate investment trusts (REITs) in Việt Nam, chairman of the first domestic REIT said.
The Ministry of Industry and Trade (MoIT) is asking for the government’s proposal to stop the development of Hong Kong-based Lee&Man Paper Group’s $348 million pulp mill due to concerns over environmental pollution.
