Vietnam plans to borrow $75 bln in 2024-2026
The Vietnamese government plans to borrow a maximum of VND1,862.2 trillion ($75 billion) in the 2024-2026 period, according to a decision signed by Deputy PM Le Minh Khai last week.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Prime Minister requests efforts to attract large-scale, high-tech FDI projects
Prime Minister Pham Minh Chinh on Thursday requested greater efforts be made by the country to attract large-scale, high-tech FDI projects, especially in the processing, manufacturing, electronics, semiconductors and hydrogen sectors.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam eyes FDI solution for real estate boost
The Vietnamese government has identified attracting more foreign direct investment as a solution to problems troubling the real estate sector.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM demands pro-growth efforts over economic underperformance concerns
Prime Minister Pham Minh Chinh has ordered government agencies to deploy growth-bolstering measures to lift the underperforming local economy amid weaker external demand.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam approves global minimum tax, gov’t to build supporting policy
The National Assembly (NA), Vietnam’s highest legislative body, passed a resolution on global minimum tax (GMT) on Wednesday with a 93.52% endorsement.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam can collect $600 mln more from global minimum tax enactment
Vietnam can collect VND14.6 trillion ($600 million) of tax differences between the country’s current tax scheme and the Global Minimum Tax (GMT) in the first year of enforcement, if all countries apply the GMT from 2024, according to a government report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam dogged by red tape, weak domestic market: minister
Red tape, a weak domestic market and cash flow problems are stiff challenges facing the country, said Minister of Planning and Investment Nguyen Chi Dung.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Higher state capital ratio proposed for PPP road projects in Vietnam
A higher ratio of state capital in public private partnership (PPP) road projects and allowing localities to use their budgets for roads passing through other localities were among two special funding mechanisms proposed to the National Assembly on Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
No global minimum tax payment for firms in Vietnam until 2025
Businesses in Vietnam will not have to pay the new global minimum tax (GMT) until 2025, says Vu Tuan Anh, a member of the National Assembly’s Finance and Budget Committee.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Taiwan electronics makers charmed by Vietnam
Leading Taiwan-based electronics manufacturers, in their efforts to diversify supply chains, have constantly found Vietnam as a destination to open new factories or expand production.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
14 solar power projects given unentitled preferential prices: inspectors
Vietnam Electricity (EVN) has been tasked to deal with 14 solar power projects in Ninh Thuan province that have been given feed-in-tariff (FiT) rates that they are not entitled to.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam SME resilience critically low: ministry
The reliance of Vietnamese small-and-medium-sized enterprises (SMEs) has tanked in the face of prolonged economic headwinds at home and overseas, Vietnam’s Ministry of Planning and Investment (MPI) said Saturday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
91% of German firms plan Vietnam expansion
Up to 91% of German companies in Vietnam intend to expand their investments while 57% are seeking new and additional suppliers here as they diversify their supply chains, said Marko Walde, chief representative of AHK (the German Chamber of Commerce) in Vietnam, Myanmar, Cambodia, and Laos.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Developers make proposals to revitalize depressed realty market
Real estate developers on Thursday voiced their ideas about how to improve Vietnam’s ailing property market in a dialogue with Prime Minister Pham Minh Chinh.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio
DEG, the German government’s investment arm, has committed a $55 million loan for Vietnam’s Orient Commercial Joint Stock Bank, or OCB.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Pfizer putting even more breakthroughs in Vietnamese patients’ hands
Pfizer is pursuing what the U.S. drugs giant believes to be the most innovative biopharmaceutical therapies with a purpose of making breakthroughs that change patients’ lives, Pfizer Vietnam general director Darrell Oh tells The Investor.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam developer to emulate Singapore social housing models
Vietnam's Kim Oanh Group is in a position to open a “new chapter” in real estate development, building around 40,000 social housing units in southern Vietnam by 2028, utilizing Singaporean standards and expertise.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM backs planned major transshipment port in HCMC
Vietnamese Prime Minister Pham Minh Chinh said on Tuesday that the government will work with the southeastern region, including Ho Chi Minh City, to boost social-economic development and build a mammoth transshipment port project in the city.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Treasury Secretary Yellen to visit Vietnam to strengthen ties
U.S. Treasury Secretary Janet Yellen is paying a visit to Vietnam next week to enhance bilateral relations.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Deputy PM Vu Khoan passes away
Vietnam’s former Deputy Prime Minister Vu Khoan died on Wednesday morning at the age of 86, after a period of illness at the 108 Military Central Hospital in Hanoi.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam government asks for end to power shortages in June
Vietnam’s Ministry of Industry and Trade, the Commission for the Management of State Capital at Enterprises, Vietnam Electricity (EVN), and Petrovietnam have been requested to resolve current power shortages in June.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy shows signs of recovery in Q2: minister
Vietnam’s macroeconomy has stabilized and showed signs of better growth in the second quarter of this year, said Minister of Planning and Investment Nguyen Chi Dung.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM demands further interest rate cuts to improve access to credit
Prime Minister Pham Minh Chinh has requested the State Bank of Vietnam to continue instructing commercial banks to further cut lending rates to help ease the current credit crunch in the country's slowing economy.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s slowing economy faces big challenges: legislator
Prolonged global slowdown together with the credit crunch and other problems in the Vietnamese slowing economy may hinder Vietnam’s 2023 GDP growth target of 6.5%, a top lawmaker said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Government prioritizes high-speed railway in Mekong Delta
The government is giving priority to express routes in the Mekong Delta, especially the express railway connecting Ho Chi Minh with Can Tho city, the region's heart, Prime Minister Pham Minh Chinh said.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Condotel supplies absent in southern Vietnam for 4 straight months
Vietnam’s north and central region saw new condotel supplies in April but the south has seen none for four consecutive months, according to Vietnamese property services and consulting firm DKRA.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam bourses expected to rally in second half of 2023
The Vietnamese stock market is forecast to rally in the second half of 2023 after a quiet start to the year, with investment expected to flow into firms with a positive growth outlook.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Government proposes National Assembly cut VAT to 8% in May
The government has proposed the National Assembly issue a resolution to reduce value added tax (VAT) from 10% to 8% to support people and businesses.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam opens two new sections of North-South Expressway
Vietnam’s Ministry of Transport opened two new expressways on Saturday, raising the total length in use on the North-South Expressway network to 280 kilometers out of the planned 654 km.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign drug firms expect further business improvements in Vietnam
Executives of foreign drug companies in Vietnam have proposed to Prime Minister Pham Minh Chinh legal and administrative improvements to make the market more attractive to foreign investors.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Energy, global minimum tax issues top government-corporate dialogue
Energy development policies and the impact of the Global Minimum Tax (GMT) were two of the issues that took center stage at a meeting between Vietnamese government leaders and foreign corporate representatives on Saturday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Government agrees to cut VAT to 8%
The government has assigned the Ministry of Finance to prepare a proposal seeking the National Assembly's approval to reduce VAT from 10% to 8%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Government requests central bank to urgently assist Saigon Commercial Bank restructuring
The government has requested the State Bank of Vietnam to restructure specially controlled banks timely and efficiently according to the Politburo's conclusions, and urgently issue a restructuring plan for Saigon Commercial Bank (SCB).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
On-paper properties must be sold via trading floors: real estate bill
The draft revised Law on Real Estate Business should stipulate that future-formed real estate products must go via trading floors, said the government in its proposal sent to the Standing Committee of the National Assembly on Thursday.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Russia sees Vietnam as regional key business partner: Russian Deputy PM
Russia considers Vietnam one of its key partners in Southeast Asia, Russian Deputy Prime Minister Dmitry Chernyshenko said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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