Investment

According to the draft law, conditions for 12 business lines including commercial arbitration organizations, logistics and franchising, are proposed to remove.

The construction will cost an estimated VND5,903 billion (US$255 million), of which VND3,088 billion (US$133 million) will be sourced from the state.

In Vietnam, three major mobile carriers Viettel, Vinaphone and Mobifone decided against using Huawei’s 5G technologies, with the latter two under the management of the Committee for State Capital Management (CSCM).

All fields, except for security and national defense, must be open for investment, said Prime Minister Nguyen Xuan Phuc.

The visits took place in a time the US is striving to boost its influence in the Indo-Pacific region where China is increasing its economic weight.

This would result in total accumulated foreign capital to Hanoi at US$42 billion in 5,300 ongoing projects.

During the first nine months of 2019, industrial park companies achieved impressive business results, especially developers who own large-scale land banks for lease.

From Vietnam, which has signed many FTAs that are beneficial for companies like GAZ in the country, GAZ can export vehicles to other Southeast Asian countries.

Experts have called for loosened legislation to facilitate foreign ownership of property in the country.

FDI commitments in the January – October period totaled US$29.11 billion, up 4.3% year-on-year.

The government needs to have a new approach for planning seaport infrastructure to keep pace with the nation’s economic development, a senior economist said.

The extensive strategic partnership between Vietnam and Japan has brought mutual benefits for all parties concerned, in which Softbank has played a significant part.

Inflows from emerging countries might fail to meet environmental protection requirements.

The government expected expenditure for development in 2020 to increase by VND41.3 trillion (US$1.77 billion) or 9.6% higher than the estimate in 2019 and account for 26.9% of total state expenditure.

The government continues to support private investors participate in major transportation projects under the form of public-private partnership (PPP).

The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.

The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.

Japan`s funding should be suitable with Vietnam`s role in promoting climate change resilience, universal health coverage (UHC), and sustainable development goals (SDGs).

With an advantage of geographical location and adequate infrastructure, the center is expected to become a focal point facilitating the global supply chain among Vietnam, ASEAN, regional and international markets, said YCH’s CEO Robert Yap.

During the first phase of the construction, the work items include a runway, a passenger terminal with handling capacity up to 25 million people and a cargo terminal for 1.2 million tons of goods annually.