After completing 19 official rounds of negotiations by December 2014,
the Trans Pacific Partnership (TPP), the most anticipated free trade
agreement at present, is expected to conclude negotiations this year.
International economic integration has expanded to
Viet Nam so the development of domestic resources, including our private
enterprises, is required urgently.
According to the Ministry of Planning and Investment, foreign investors
seeking to invest US$20.2 billion in Viet Nam have experienced a 19 per
cent increase over the $17 billion target. Officials of the Ministry's
Foreign Investment Agency reported an export surplus of $2 billion in
2014, the highest since 2012, thanks to significant contributions in
foreign direct investment (FDI).
The local business community in Viet Nam is hoping that this will be
breakthrough year in terms of reforming economic institutions and
Viet Nam's automobiles industry has experienced two decades of formation
and development with many businesses encouraged to join the auto
The word "belief" has cropped up often during the recent months when one
talks about the monetary market and the management policies by the
State Bank of Viet Nam (SBV).
Since its issuance late last year, Circular 36/2014/TT-NHNN, which set
limits on how much banks can lend to stock investors, has had a strong
impact on both credit institutions and the securities market. Investors
fear that the total amount available for margin loans will drop
dramatically after the Circular takes effect on February 1.
The domestic real estate market is likely to warm up
this year, with the amended Housing Law allowing foreigners to buy
property. Viet Nam News reporter To Hang talked with economic expert Nguyen Tri Hieu
about this issue as well as the most promising segments in the property
In 2014, the Government took the initiative to speed up restructuring of
State-owned enterprises, but it also needs to strengthen its focus on
another pillar of the economy, the private sector, which is key to the
nation's future sucesss, says Wendy Jo Werner, the World Bank Group's
Practice Group Manager on Trade and Competitiveness for the East Asia
and Pacific region.
A new circular that takes effect in April this year will force credit
institutions to apply international standards in classifying and
assessing bad debts, but the problem still requires a different approach
and understanding, Nguyen Quoc Hung. Chairman of the Viet Nam Asset
Management Company (VAMC), tells local media.