News

The government has taken strong measures on promoting private enterprises in a move to make the sector generate half of the country’s economic output in the next two years.

A high trade surplus has cemented the leading status of foreign direct investment (FDI)`s sector in Vietnam`s exports, enabling the country`s positive trade balance in the first five months this year.

Vietnam`s National Assembly, the country`s supreme legislative body, has decided to delay the voting on a draft law on special administrative-economic zone (SEZ), which had been scheduled for June 15.

Positive policy changes and improved bad debt resolution are making Vietnam’s banking industry become more attractive to foreign investors, experts have said.

The Government will propose shortening the maximum land leasing tenure of 99 years at special administrative economic zones (SEZs), said Prime Minister Nguyen Xuan Phuc.

The establishment of special administrative - economic zones (SEZs) will have no impact on investment and development policies of Hanoi and Ho Chi Minh City, Deputy Prime Minister Vuong Dinh Hue has affirmed.

Despite the slowdown of FDI inflows in the first five months of this year, projects approved in the rest of the year will get the capital source back on track, officials forecast.

Minister of Planning and Investment Nguyen Chi Dung said many people are deliberately distorting the nature of the draft law for special economic zones (SEZs), which contains no word about China.

Ho Chi Minh City Securities Corporation (HSC) has completed the purchase of 7.2 million shares, equivalent to 10.6% charter capital in taxi firm Vinasun, according to the Ho Chi Minh Stock Exchange (HoSE).

Many foreign firms are exploring investment opportunities in Vietnam’s agriculture, fueled by the country’s innovation desire and commitments to streamline red tape in the sector.

Hanoi-based Techcombank made a debut on the Ho Chi Minh City Stock Exchange (HoSE) with shares traded at VND102,400 (US$4.49) on June 4 at the close, down 20% from their reference price of VND128,000 ($5.62) apiece.

Mekong Enterprise Fund III (MEF III), a private equity fund of Mekong Capital has completed an investment in mattress and bedding solution provider Vua Nem, announced the fund on June 4.

The main hurdle in the divestment process of Hanoi Beer Alcohol and Beverage (Habeco) is its existing contract with Carlsberg, said Vice Minister of Industry & Trade Do Thang Hai.

Vietnam National Shipping Lines (Vinalines) expected to hold its initial public offering (IPO) in August and the first general shareholders meeting in September, informed the Group.

Tax incentives and land leasing policies at special administrative-economic zones (SAEZs) have generated mixed opinions among experts, especially with regard to the duration of the incentives on offer.

After three decades of attracting foreign direct investment (FDI), it is high time for the government to come up with a new strategy to lure and optimize the capital inflow.

Thailand`s Siam Cement Group (SCG) has signed an agreement to acquire the 29% stake in Vietnam`s Long Son Petrochemicals (LSP) from PetroVietnam for over VND2.05 trillion (US$90.2 million), according to a stock exchange filing by the Thai firm.

Cen Group`s real estate brokerage arm CenLand plans to list 50 million shares, equivalent to VND500 billion (US$22 million) of charter capital, on Ho Chi Minh City Stock Exchange (HoSE), according to the latest announcement on the stock exchange.

Vietnam`s telecommunication company Viettel Group and its partners will launch the first 4G mobile network in Myanmar in June 9 under the brand Mytel, the Vietnamese government said on May 28.

The Vietnam government plans to offload a 17.97% stake in ceramics and building material corporation Viglacera on the Hanoi Stock Exchange (HNX) by June, announced the firm on May 26.