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Land price hike over 100 times leads to controversial decision on land transaction suspension in SEZs

Land price hike over 100 times leads to controversial decision on land transaction suspension in SEZs

Local authorities are enforcing orders to temporarily cease the transfer, conversion of land use purpose and modification of land ownership after a dramatic increase in land prices in the future special economic zones (SEZs) such as Van Don, Phu Quoc and Northern Van Phong.

Gamuda Gardens residents oppose investors stuffing more houses in its development plan

Gamuda Land’s intention of changing its Gamuda Gardens township development plan in order to increase the number of houses for sales has faced negative feedbacks from people living in the area.

Fitch upgrades rating for Vietnam citing it as the fastest amongst 'BB' rated peers

Fitch Ratings has upgraded Vietnam’s rating from "BB-" to "BB" proving the nation’s improvement on economic growth, foreign exchange reserves and government debt.

Sweden-based Comvik exposed interest in becoming MobiFone’s strategic partner

Chairman of Comvik has expressed the interest in becoming the strategic investor of Vietnam Mobile Telecom Services One Member Limited Liability Company in its upcoming equitization.

Frasers Property becomes prevalent controller after acquiring 75 per cent stake in Phu An Khang

Frasers Property Investments, a wholly-owned subsidiary of Singapore-based Frasers Property has entered into a conditional share purchase agreement with Tran Thai Land to acquire 24 million ordinary shares of Phu An Khang.

Sales of Thaco increased twofold Toyota Vietnam's in April

Truong Hai Automobile, a local automobile manufacturer, continued to lead the Vietnam automobile market in April 2018 with its sales being over twice the figure for Toyota Vietnam.

Vietnam's labor productivity was lowest among the countries, including Cambodia: Report

The economic structure has not been shifted and investment resources are being shifted mostly into the old and low value-added sectors, which are reflecting a distortion in Vietnam's labor productivity, according to Nguyen Duc Thanh, Vietnam Institute for Economic and Policy Research's president.

TAL Group's textile and dyeing project may not be licensed due to alleged pollution

The $350 million-textile and dyeing project in Vinh Phuc province has been advised not to be given official permission by scientists and experts due to risks of environmental pollution.

Foreign enterprises may consider leaving Vietnam due to regulatory restrictions

According to the Asia Cloud Computing Association, such legal restrictions as data localization, business uncertainties from the Law on network information security and lack of data privacy law as well as digital economy taxation may impact negatively to enterprises using cross-border tools and services.

Distributed by Thaco, BMW Motorrad prices decrease nearly $9,000

According to the latest price list announced, prices of BMW Motorrad models distributed by Truong Hai Auto Corporation, commonly known as Thaco decrease from VND129 million or equivalent to $5,675 to VND199 million or $8,755.

PM approves renewal of visa exemptions for five European nations

The visa-free policy that is applicable to German, French, British, Italian and Spanish would be renewed from the first day of July 2018 for a three-year period.