Việt Nam News

Việt Nam should be more cautious while providing tax incentives to attract foreign direct investment (FDI), as these would affect the Government’s coffers and consequently affect public services, experts said.

The Ministry of Planning and Investment was drafting a circular on a venture capital fund to create a legal framework for promoting start-ups and make Việt Nam a start-up nation.

Experts have said it is time for Việt Nam to develop a master plan for its industrial zones (IZs).

The central city of Đà Nẵng has failed to attract a significant amount of foreign direct investment (FDI) despite its top rankings in the Provincial Competitive Index (PCI) for the third consecutive year in 2015, local leaders said.

Việt Nam would create favourable conditions and offer incentives for Indian firms to invest in Việt Nam, said Vietnamese Ambassador to India Tôn Sinh Thành.

 The National Assembly’s decision last week to extend visas for US citizens to one year has been welcomed by businesspeople and analysts who say it will boost bilateral trade and tourism.

The Ministry of Transport (MoT) will divest more than VNĐ6.3 trillion (US$282 million) from 59 non-core enterprises in the second quarter of 2016, said deputy minister Nguyễn Ngọc Đông on Tuesday.

Vietjet is offering 50,000 promotional tickets from just zero dollars to celebrate the new international routes from HCM City to Kuala Lumpur, and Tainan City.

The Việt Nam Textile and Garment Group (Vinatex) launched its Northern Corporation (VNC Corp) earlier this week.

Local businesses, managers and economists sat together to discuss how to improve Việt Nam’s position as a trustworthy, reliable and sustainable exporting country at a trade promotion forum in Hà Nội yesterday.

Three Vietnamese mobile phone operators, Viettel, MobiFone and Vinaphone, have been named among the Top 20 Most Valuable ASEAN Telecom Brands in 2016.

Vietnamese shares yesterday bounced back on both local markets from the falls on Wednesday as companies announced positive plans this year and large-cap stocks increased.

 Vietnamese companies, especially small and medium-sized ones, should thoroughly learn about the country’s commitments under the Trans-Pacific Partnership, especially about the opening up of certain sectors to foreign investors, to seize opportunities and overcome challenges, a seminar heard in HCM City yesterday.

Microsoft Việt Nam and this central city have agreed to a Memorandum of Understanding (MoU) on a business start-up support programme in Đà Nẵng.

The Trường Hải Automobile Joint-Stock Company (Thaco) will begin construction on the expansion of the Trường Hải -Chu Lai Mechanical Automobile Industrial Zone with an investment of VNĐ794 billion (US$35.3 million).

Construction firm Cotecons JSC plans to earn US$1 billion next year, Chairman and CEO of the firm Nguyen Ba Duong said at the annual shareholders meeting on Tuesday.

World Bank economists have urged Việt Nam to be more prudent in its fiscal policy as the country’s public debt is close to the set limit of 65 per cent of the Gross Domestic Product (GDP).

The national flag carrier Vietnam Airlines is offering several promotion deals at the Việt Nam International Travel Mart (VITM) 2016, which is taking place at the Giảng Võ Exhibition Centre