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Chinese corporations expand investment in Vietnam

Chinese corporations expand investment in Vietnam

Power China, BYD, China Rare Earth Group, Haosen electronic battery company are among the Chinese enterprises planning to make new investments in Vietnam in the near future.

Proposal for free circulation of the US dollar in Phu Quoc sparks controversy

Kien Giang province's 'breakthrough' proposal to allow free circulation of the US dollar (USD) in Phu Quoc special economic zone (Phu Quoc) has sparked controversy.

Digital Economy exposes local enterprises still lagged behind

Experts say Vietnamese enterprises must apply technology to join the global digital economy or else they will lag behind or even go bankrupt.

PM tells MPI to hash out operating plans for National Steering Committee on SEZs

Prime Minister Nguyen Xuan Phuc has ordered the Ministry of Planning and Investment (MPI) to clarify matters related to the personnel, use of seals and meeting regulations of the National Steering Committee for the construction of special administrative-economic zones.

Korean firm acquires TNR Tower in HCMC

Korean business media have confirmed that Korea-based Hanwha Life Insurance Co.(Hanwha) is providing funds for Seoul-based Koramco Asset Management Co. (Koramco) to acquire TNR Tower Nguyen Cong Tru for a selling price of US$62 million.

Nishi-Nippon Railroad to develop a housing project at VSIP Haiphong

A Japanese company named Nishi-Nippon Railroad (NNR) signed a joint venture agreement with Vietnam-Singapore Industrial Park and Urban Development Joint Stock Company (VSIP JSC) in order to develop a housing project in Haiphong.

New draft law on SEZs sets forth incentives deemed better than China, South Korea and Singapore

Based on the nine criteria categories set forth in the draft law on special administrative-economic zones (SEZs), the incentives offered to Van Don, Bac Van Phong and Phu Quoc are deemed to be better than those in China, South Korea and Singapore.

Quang Ninh calls for investment into infrastructure projects amounting to over US$3 billion in Van Don special economic zone

Quang Ninh has issued a call for investment in three projects in Van Don special economic zone, including an expressway, a general port and a tariff-free trading area. The total amount of investment needed is over US$3 billion.

Proposal of US$2.8 billion funded project on boulevard along Saigon river rejected

The Ministry of Planning and Investment (MPI) rejected in writing the proposal of Tuan Chau Group as the investor of construction project of boulevard along Saigon river.

Lending and deposit growth paradox arises as Government pushes decrease in interest rate of loans

The government has just required an additional 0.5 per cent decrease in interest rates of loans to support enterprises as well as stabilize credit growth.

Relocation of ministries and ministerial-level agencies is being sped up

The Ministry of Construction (MoC) shall appraise and submit the planning scheme on relocation of headquarters of the ministries and ministerial-level agencies to the Prime Minister for approval by October 30, 2017.

Stock indexes
1,193.01 -22.67 -1.86
Volume: 859,252,249 Value: 19,106 (Billions VNĐ)
226.2 -2.63 -1.15
Volume: 86,659,113 Value: 1,701 (Billions VNĐ)
88.15 -0.48 -0.54
Volume: 49,269,037 Value: 623 (Billions VNĐ)
1,210.74 -21.96 -1.78
Volume: 258,632,636 Value: 7,835 (Billions VNĐ)