Economy and commerce
Investment
Programme promotes social initiatives launched
The En Xanh (Green Swallow) programme 2019 to honour social business initiatives was launched in Hanoi on July 24. The programme is jointly hosted by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Union of Science and Technology Associations, the United Nations Development ...
Stakeholders urged to consult arbitrators in PPP project disputes
Arbitrators need to step in and deal with disputes in public-private-partnership (PPP) projects so economic development will not be disrupted, experts have warned.Professor Pham Duy Nghia at Fullbright Vietnam University said attracting private investment was good for infrastructure development. According to Nghia, in order to ...
Vietnam, EU to sign EVFTA on June 30 in Hanoi
The European Council announced on June 25 that it has approved the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA), and assigned the EU to sign the deals with Vietnam on June 30 in Hanoi.The EVFTA ...
Over 220 trillion VND invested in Mekong Delta’s infrastructure
Over 890 projects in infrastructure with total investment of 221 trillion VND (9.43 billion USD) are being carried out by in the Mekong Delta by 898 businesses from Ho Chi Minh City, according to statistics of the municipal People’s Committee.The projects are mainly in building ...
Vietnam international commercial mediation centre debuts
The Vietnam International Commercial Mediation Centre (VICMC), the first of its kind set up under a license of the Ministry of Justice, has made its debut. As a member of the Vietnam Society of International Law (VSIL), the VICMC is established and operates for non-profit purposes. ...
Fitch revises Vietnam outlook upwards to positive
Global credit rating agency Fitch said Vietnam will remain one of the fastest growing economies in the Asia-Pacific region. The firm announced the revision of Vietnam’s outlook to Positive from stable on Thursday, affirming that the country will keep its ‘BB’ sovereign credit rating.The agency ...
Hung Le
White Book on Vietnamese businesses 2019 to come late May: GSO
The first edition of the White Book on Vietnamese businesses compiled by the General Statistics Office (GSO) is expected to be released later this month, according to the GSO.The book, containing basic information on the assessment of businesses’ growth in the 2011-15 and 2016-18 periods, ...
Vietnam mulls PPP Law with sovereign guarantees to reassure investors
Government guarantees are among the 10 points the Ministry of Planning and Investment listed in a document it recently sent to relevant ministries and agencies to collect opinions for its public-private partnership (PPP) bill.Under the MPI bill, projects considered for minimum revenue guarantees will be ...
Nguyen Huong
State Bank issues new regulations on use of foreign currencies in Vietnam
The State Bank of Vietnam has issued Circular 03/2019/TT-NHNN to amend and supplement several provisions of Circular 32/2013/TT-NHNN on restricting the use of foreign currencies in the territory of Vietnam.Accordingly, Circular 03 supplements certain provisions regarding the cases that non-residents are allowed to use foreign ...
S&P raises Vietnam’s credit rating with stable outlook
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.In August 2018, credit rating agency Moody’s Investors ...
