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FDI capital: Breakthrough expectation in 2018

FDI capital: Breakthrough expectation in 2018

Many experts expect that this year will have many big turning points in attracting FDI with new directions from the Government.

Vinachem to sell its entire stake in 15 companies

Under the restructuring scheme, the Vietnam National Chemical Group (Vinachem) will hold less than 50 per cent stake in seven companies and sell all of its stake in 15 other companies.

Open non-stop flight to the U.S., tourism industry is eager to launch new products

In 2018, Vietnam Airlines will have its first non-stop flight to the United States, with a starting point of either San Francisco or Los Angeles.

Thai Binh coastal economic zone to be established

The Prime Minister has signed off on the establishment of Thai Binh Economic Zone (Thai Binh province), which has a large area coverage of over 30,000 hectares.

As taxes fall to zero, automakers race to offer discounts

A series of cars in the Vietnam market such as Chevrolet Vietnam, Truong Hai (THACO) and Toyota are offering discounts.

Anam Electronics builds its second factory in Ha Nam

Anam Electronics Vietnam, a Korean-owned electronics manufacturer, has just broken ground on a US$77.5-million electronics factory covering 10,000 square meters in Dong Van IV Industrial Park in Ha Nam province.

Vinafood 2 sets out its equitization to offer 25 per cent stake for strategic investors

Viet Nam Southern Food Corporation (Vinafood 2) recorded a business loss in the first half of last year and is maintaining a long-term debt of VND3,770 billion (roughly US$166.26 million).

China Eximbank disburses additional US$250 million for Cat Linh - Ha Dong Railway project

The Export-Import Bank of China (China Eximbank) has recently approved an additional US$250-million loan for the Cat Linh - Ha Dong Railway project in Ha Noi.

Uber sues the HCM city Department of Taxation

The coercive enforcement measures to collect over VND53 billion (US$2.3 million) of Uber’s unpaid taxes have been halted after the HCM City Department of Taxation (Tax Department) received the court’s temporary urgent decision.

EVN explains the US$85 million arrears claimed by MoF for its misrepresentation

Vietnam Electricity (EVN) has been alleged to inaccurately report some of the costs and revenues, leading to the reduction of tax and interest which must be paid to the State budget.

PM approves the master plan to develop Dong Van stone plateau in Ha Giang

The Prime Minister has approved the master plan for the development of the Dong Van stone plateau into a national tourist center in Ha Giang province by 2030.