Tag: "special economic zones"

Real estate transactions freeze in Van Don and Bac Van Phong

Real estate transactions freeze in Van Don and Bac Van Phong

Property  -  6 year

After the National Assembly of Vietnam halted passing the draft law on Special Economic Zones, almost all real estate transactions in Van Don and Bac Van Phong froze with investors and estate agents withdrawing from the market.

SEZ real estate speculators are making a “long-shot” bet

SEZ real estate speculators are making a “long-shot” bet

Leader Talk  -  6 year

Enthusiasm for real estate in special economic zones might seem justified when considering the impressive plans, but investors should listen to skeptical voices as well.

Foreign owners of casino projects are shaping fledgling gaming industry

Foreign owners of casino projects are shaping fledgling gaming industry

Business  -  6 year

In the context of a thriving tourism industry with a rapid growing number of international visitors, the emerge of big casino business service projects owned by Banyan Tree Holdings, Suncity or Las Vegas Sands is one of the crucial strategy to harvest from overseas tourists.

Special economic zones: Beware of past failures

Special economic zones: Beware of past failures

Leader Talk  -  6 year

Despite generous investment incentives, formerly-established open economic zones in Vietnam are still ineffective and cannot become a new engine for growth.

Tax incentives can exacerbate risk of tax losses from transfer price of businesses in the SEZs: Oxfam

Tax incentives can exacerbate risk of tax losses from transfer price of businesses in the SEZs: Oxfam

National Focus  -  6 year

Vietnam National Assembly and the Government should carefully review tax incentives in future special economic zones to avoid budget losses and negative socio-economic impacts, according to Nguyen Thu Huong, senior manager of Oxfam.

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

National Focus  -  6 year

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.

Incentives of corporate income and excise taxes may be curtailed at the special economic zones

Incentives of corporate income and excise taxes may be curtailed at the special economic zones

National Focus  -  6 year

The latest draft law of the special economic zones has been amended based on the opinions of several members of the National Assembly to reduce incentives for several investment projects including casino, tourism and entertainment services.

Unexpected consequences of land fever in special economic zones

Unexpected consequences of land fever in special economic zones

Property  -  6 year

The land fever in special economic zones may put investors at risks, cause problems for land clearance, and even reduce the appeal of those zones to strategic investors.

Dang Hung Vo: 'The law of the Special Economic Zones only need not to violate the Vietnam's Constitution'

Dang Hung Vo: "The law of the Special Economic Zones only need not to violate the Vietnam's Constitution"

Leader Talk  -  6 year

Former Deputy Minister of Natural Resources and Environment said that the allocation of land to investors in the special economic zones (SEZs) with a longer period of time will create more valuable real estates.

'Special' model of local government and competition amid special economic zones highlighted in agenda

"Special" model of local government and competition amid special economic zones highlighted in agenda

National Focus  -  6 year

Two options for establishment of the organization model of local government based on the draft Law on Special Administrative-Economic Units (hereinafter referred to as special economic zones - SEZs), were submitted to the National Assembly for review, thereby provoking controversy.

Land ownership for 99 years in SEZs draft law provoked controversies

Land ownership for 99 years in SEZs draft law provoked controversies

National Focus  -  6 year

Preferential policies related to land, land-attached assets in the draft Law on Special Administrative-Economic Units (hereinafter referred to as special economic zones - SEZs) has provoked different controversies.

Vietnam still lacks world-class casino managers

Vietnam still lacks world-class casino managers

National Focus  -  7 year

According to Global Integration Business Consultants Company (GIBC)'s General Director Pham Phu Truong, investing US$2 billion on casinos in an environment lacking amenity infrastructure as Vietnam would be risky.

Former Deputy PM Vu Khoan: 'Inappropriate thinking model leads to uncompleted special economic zones after 30 years'

Former Deputy PM Vu Khoan: 'Inappropriate thinking model leads to uncompleted special economic zones after 30 years'

Leader Talk  -  7 year

Former Deputy Prime Minister Vu Khoan stated that Vietnam’s current thinking model is an inverted pyramid. The topmost thinking takes up too much time while the longer we think, the more we will lag behind.

Special economic zones development needs to be accelerated

Special economic zones development needs to be accelerated

Leader Talk  -  7 year

According to Tran Duy Dong, Director General of the Ministry of Planning and Investment's Economic Zones Management Department, it must be more determined in developing the special economic zones (SEZs) with experiences being drawn during the progress. If there is no action, no result would be produced.