The reduction aims to boost consumer spending for three months.
The central province has granted the investment registration certificate to a $100 million project and the investment memorandum for a $300 million project.
At Quang Binh Investment Promotion Conference held on August 27, Quang Binh People's Committee granted investment registration certificates and investment cooperation agreements for 66 projects with a total investment of VND162,250 billion, equivalent to $7.05 billion, of which FLC Group pledged to make an estimated investment of $2.71 billion.
The real estate sector continued receiving robust interest from foreign investors by ranking first in the contribution to FDI registration with over $4.9 billion, in which the Smart city project in Hanoi accounted for the majority, according to Savills.
The total amount of foreign investment capital including new registration, increase adjustment and contribution for shares purchase deals reached $20.33 billion, an increase of 5.7 per cent compared to the same period in 2017, based on the latest report of the Foreign Investment Agency (FIA).
The Vietnam’s largest paper manufacturer of tissue paper and industrial paper Saigon Paper's business registration information reveals that the Japan's Sojitz Corporation has acquired more than 90 per cent of this company's shares, which took Sojitz roughly $91 million.
Although the registration for IPO of the Vietnam Rubber Group (VRG) has expired, only 100,772,400 shares, equaling 21 per cent of the total shares on offer, were registered for acquisition, according to Ho Chi Minh City Stock Exchange (HOSE).
Vietnam Beverage is a newly-established company in Vietnam, 49% of which is indirectly held by BeerCo Ltd, a ThaiBev-owned brewer based in Hong Kong is considering to join in the Sabeco auction as the registration deadline on December 17th is coming.
10,920 enterprises were established in November with a registered capital of VND109.9 trillion (US$4.8 billion), representing declines of 2.1 per cent and 7.8 per cent respectively, compared to the previous month, according to the Ministry of Planning and Investment.
The Government's decision of replacing paper-based citizen management system by Internet-based one will take several years to come into effect.
The number of newly established corporations is nearly twice as high as the number of temporarily suspended and dissolved ones.
