Economy and commerce
Investment
Vietnam attracts over 29 billion USD in FDI in ten months
Vietnam attracted 29.11 billion USD in foreign direct investment (FDI) in the first ten months of 2019, up 4.3 percent over the same period last year, according to the Ministry of Planning and Investment.Processing and manufacturing remained the most attractive sector to foreign investors during the ...
Transport ministry cancelled international bidding for North-South Expressway, seeks bids from domestic investors
The transport ministry announced on Monday they would cancel open international bidding for eight projects of the North-South expressway, in favour of homegrown investors.The decision was made on the consensus reached after consulting relevant agencies, transport ministry said in an announcement sent to the media, adding ...
National conference on sustainable development held
The National Conference on Sustainable Development 2019 took place in Hanoi on September 12 under theme “For a Decade of More Sustainable Development”, gathering leaders of the Government, ministries, sectors, localities, associations, and businesses.Within the conference, participants discussed topics related to the development of circular ...
E-logistics sorting out supply
Leading logistics providers are looking to technological investment and e-logistics as Vietnam’s limits in infrastructure and connectivity continue. According to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), infrastructure investment demand in Vietnam in the 2016-2020 period has been projected at ...
New resolution hoped to facilitate foreign investment attraction
General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has signed a resolution on orientations to perfect institutions and policies to enhance the quality and efficiency of foreign investment cooperation through 2030.The objectives of the Resolution No. 50-NQ/TW include making mechanisms ...
Gov’t speeds up public investment disbursement
PM Nguyen Xuan Phuc has recently signed Public telegraph 1042/CP-TTg which directs ministries, agencies, and localities to speed up disbursement rate of public investment capital in 2019. The document attributed shortcomings and weaknesses in management, regulation, and implementation including slow progress of capital allocation, bidder selection, ...
Kim Anh
New regulations on foreign exchange management
The State Bank of Viet Nam has issued Circular No. 06/2019/TT-NHNN on foreign exchange management for foreign direct investment activities in Viet Nam.The Circular, scheduled to take effect since September 6, 2019, regulates such activities like capital contribution, opening and use of foreign currency and ...
New association aims to untangle legal impasse
On August 7, a new association for studies and consultancy for business and investment activities in Vietnam will make its debut, expecting to bring the best benefits to businesses and contribute to law-making and enforcement.In alignment with improvements in investment policies, both domestic and foreign ...
Bich Thuy
Gov't reviews overall picture of four key economic regions
Prime Minister Nguyen Xuan Phuc chaired a meeting on Friday to hear a report summarizing the overall picture of Viet Nam’s four key economic regions and their impacts on national growth. The four key economic hubs are: Northern Economic Region, Central Economic Region, Southern Economic Region, and Mekong ...
Central Highland provinces enhance development of renewable energy
In recent years, Central Highland provinces, mainly Dak Lak and Gia Lai, have attracted a number of domestic and foreign investors to survey and invest in solar and wind power. So far, many projects have been implemented and put into operation, significantly contributing to ensuring national ...
