Investment incentives for FIEs: money goes to pockets of the rich

Last update 08:00 | 04/12/2017

VietNamNet Bridge – A total of VND35.3 trillion of corporate income tax has been exempted for foreign-invested enterprises (FIEs), according to the Ministry of Finance.

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Vietnam offers big investment incentives to foreign investors

The ministry said that by 2016, the total value of tax incentives and revenue from land use in all economic sectors had reached VND64.278 trillion, or nearly $3 billion.

This includes VND46.829 trillion worth of incentives in corporate income tax (CIT), VND394.9 billion in personal income tax, VND7.875 trillion in land and water surface leasing fees and VND3.802 trillion in land use fees. Tiếp tục đọc “Investment incentives for FIEs: money goes to pockets of the rich”

Next-generation FDI: what’s the new strategy?

Last update 16:00 | 04/12/2017
 VietNamNet Bridge – The draft strategy on attracting FDI in 2018-2023 is being compiled by the Ministry of Planning and Investment (MPI) with support from the World Bank. 

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MPI is drafting the strategy on attracting FDI in 2018-2023

After 30 years of foreign investment, 24,000 projects with total investment capital of $313 billion have been implemented in Vietnam. FDI accounts for 25 percent of total investment capital and makes up 20 percent of GDP.

Vietnam, in an effort to attract FDI, has pursued an open policy, offering many incentives to investors. Tiếp tục đọc “Next-generation FDI: what’s the new strategy?”

Chinese capital flows to Vietnam’s infrastructure projects

Last update 08:00 | 22/09/2017
VietNamNet Bridge – The proposed Long Thanh Airport as well as many other huge infrastructure projects are attracting many Chinese investors.


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Vietnam considers the upgrading of infrastructure as one of its top priorities. An ADB report shows that investment in infrastructure in Vietnam has been 5.7 percent of GDP in recent years, the highest level in SE Asia and second highest in Asia. Tiếp tục đọc “Chinese capital flows to Vietnam’s infrastructure projects”

Vietnam seeks higher-quality FDI: experts

Last update 17:00 | 27/11/2017
VietNamNet Bridge – While Vietnam needs foreign capital to develop the economy, it also requires advanced technologies to become involved more deeply in the global supply chain.

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            The FDI capital would exceed the $30 billion threshold by year end



At a meeting with Japanese investors recently, director of the Binh Duong Planning and Investment Department Nguyen Thanh Truc said foreign investors pledged to invest $2.171 billion in the province this year.

Meanwhile, HCMC is leading the country in FDI (foreign direct investment) with total committed capital of $5 billion this year. Tiếp tục đọc “Vietnam seeks higher-quality FDI: experts”

Vietnam Sustainability Forum (VSF 2018), 18-19 January 2018, Hanoi, Vietnam

The Vietnam Sustainability Forum (VSF 2018) aims at providing an international exchange platform for various stakeholders including policymakers, academics, entrepreneurs, practitioners, and the NGOs to present, discuss and debate the worldwide visionary initiatives, practices, and trends for a harmonious society. Some sessions devote a particular focus on Vietnam with her uniqueness. Keynote speeches will be delivered during the plenary sessions by members of the Vietnamese Government to discuss on current Vietnam’s policies for a prosperous growth and internationally well-known economists to present a view on Sustainable Development. In addition, several workshops will be held on various topics. Dedicated time will be reserved for breaks and social events to facilitate discussions and networking between and among delegates.

The VSF 2018 is jointly organized by the Association of Vietnamese Scientists and Experts (AVSE Global) and the  Academy of Policy and Development (APD) under the patronage of the Ministry of Planning and Investment of Vietnam.

20 Award tickets for Excellent Local Vietnamese Students and Young Academics.
Please send your CV & motivation letter to vsf@a-vse.org

More information at http://www.vsf.a-vse.org/about-us/

Vietnam top APEC target for CEOs’ overseas investment, despite automation challenges: survey

Vietnam is also one of the biggest domestic investment winners among APEC economies, according to PwC

By Tuoi Tre News

November 9, 2017, 17:30 GMT+7

Vietnam top APEC target for CEOs’ overseas investment, despite automation challenges: survey
Sridharan Nair (center), territory senior partner for PwC Malaysia and Vietnam, is pictured at a press conference in Da Nang, central Vietnam, on November 8, 2017. Son Luong/Tuoi Tre News

Asia-Pacific business leaders’ confidence has hit a three-year high, while Vietnam has emerged as a popular destination for new funds among members of the Asia-Pacific Economic Cooperation (APEC), a PwC survey finds.

Thirty-seven percent of APEC CEOs are “very confident” of revenue growth during the next 12 months, up from 28 percent in 2016 despite trade policy uncertainty and related political tensions in many of the economies that make up APEC, according to findings from the APEC 2017 CEO survey. Tiếp tục đọc “Vietnam top APEC target for CEOs’ overseas investment, despite automation challenges: survey”

Huge foreign-invested real estate projects remain on paper

Last update 12:00 | 29/10/2017
VietNamNet Bridge – The ‘super projects’ registered by foreign investors with huge investment capital of billions of dollars are still on paper. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Ha Long, FDI, Nguyen huu Thang

In 2008, when reporting about the Vietnam Financial Center (VFC) project licensed by HCMC authorities, local newspapers called it a ‘super project’. It was expected to include three high-rise 48-storey buildings for offices, shopping malls and 5-star international hotels.

However, the project remains on paper. In 2014, Berjaya, the investor, asked for the municipal authorities’ permission to scale down the project by half. Tiếp tục đọc “Huge foreign-invested real estate projects remain on paper”

Vietnam attracts foreign investment, but technology transfer remains low

Biến dạng tại dự án BOT giao thông – 5 kỳ

 Nội bộ nhà đầu tư Dự án BOT Pháp Vân - Cầu Giẽ đang tố cáo sự thiếu minh bạch trong quá trình thu phí hoàn vốn dù mới vận hành được nửa năm. Ảnh: A.MNội bộ nhà đầu tư Dự án BOT Pháp Vân – Cầu Giẽ đang tố cáo sự thiếu minh bạch trong quá trình thu phí hoàn vốn dù mới vận hành được nửa năm. Ảnh: A.M

***

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Hàng trăm ngàn tỷ đồng được huy động, “trùng điệp” nhà thầu chuyển thành nhà đầu tư, hàng chục trạm thu phí BOT xuất hiện đồng loạt là những gì dễ nhận thấy nhất trên các quốc lộ huyết mạch trong 5 năm trở lại đây. Tiếp tục đọc “Biến dạng tại dự án BOT giao thông – 5 kỳ”

Foreign capital flows to Vietnam’s pharmacy sector

Last update 08:00 | 23/09/2017
VietNamNet Bridge – Attracting foreign capital will allow Vietnamese pharmacy firms improve their competitiveness and develop the national pharmacy industry. However, analysts warn that the market may fall into foreign hands.


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A survey conducted by Grant Thornton earlier this year found that the healthcare & pharmacy market is among the three business fields most attractive to foreign investors. The other two are food & beverages and retail.

Foreign investors have been increasing their presence in Vietnam by buying stake in Vietnamese pharmacy firms. Tiếp tục đọc “Foreign capital flows to Vietnam’s pharmacy sector”

Quảng Ninh to get new port, industrial complex

vietnamnews

Update: September, 08/2017 – 14:00

An overview map of Deep C Industrial Zone. — VNS Photo

HCM CITY – Tiền Phong Industrial Zone JSC and Russia’s Seaport of Azov on Friday agreed to transform 100 hectares in Quảng Ninh Province into a hub for industrial manufacturing and port operations.

The memorandum of understanding (MoU), signed by Tiền Phong Industrial Zone JSC, in which Deep C consortium (Rent A Port) is a majority shareholder, and the Russian giant in port development and operations, agrees to start work on the Việt Nam-Russia Industrial Complex soon, provided the Vietnamese Government offers its support in speeding up the process. Tiếp tục đọc “Quảng Ninh to get new port, industrial complex”

Real estate remains 2nd largest FDI lurer in VN

Last update 18:29 | 07/09/2017

Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date.

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Though realty is fourth in FDI for eight months, it remains the second-largest earner overall 

According to the Ministry of Planning and Investment’s Foreign Investment Agency, between January and August 20, the real estate sector stood in fourth with regards to foreign direct investment (FDI) inflows – with 46 newly-registered projects and 15 others increasing their capital, totalling more than $1.16 billion.

Real estate FDI is behind the sectors of manufacturing and processing ($11.69 billion), power processing and distribution ($5.36 billion), and mining ($1.28 billion). Tiếp tục đọc “Real estate remains 2nd largest FDI lurer in VN”

FDI to Vietnam is mostly from Asia, with South Korea ranked first

Last update 16:00 | 06/09/2017

VietNamNet Bridge – The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia.

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The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent compared with the same period last year.

At least 1,624 new projects have been licensed this year with total registered capital of $13.45 billion, up by 37.4 percent over the same period last year. In addition, 773 projects received approval for expansion with additional registered capital of $6.4 billion, up by 40.2 percent. Tiếp tục đọc “FDI to Vietnam is mostly from Asia, with South Korea ranked first”

Vietnam trying to wean itself off preferential ODA loans

Last update 12:00 | 27/08/2017

VietNamNet Bridge – Vietnam now has to think of attracting private capital for development projects as preferential ODA loans will now have higher interest rates. 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, ODA, infrastructure, WB

From 2018, Vietnam will no longer receive preferential ODA loans from WB, ADB and other financial institutions in developed countries at preferential loans of 2-3 percent. The interest rates will be 5-6 percent, not including the service fee. Tiếp tục đọc “Vietnam trying to wean itself off preferential ODA loans”

Vietnam economic future uncertain as it still relies on FDI: experts

Last update 08:00 | 25/08/2017
VietNamNet Bridge – Vietnam’s economic growth is still heavily dependent on foreign invested enterprises (FIEs), especially conglomerates. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, FIA, MPI

According to a report from the General Statistics Office (GSO), in July, Vietnam exported $17.5 billion, a decrease of 1.7 percent compared with the month before. Of this amount, Vietnamese enterprises exported $4.9 billion, and FIEs $12.6 billion.

Compared with exports of the same period last year, Vietnam’s export turnover increased by 17.9 percent, including 13.1 percent from Vietnamese enterprises and 19.9 percent from FIEs. Tiếp tục đọc “Vietnam economic future uncertain as it still relies on FDI: experts”