Update news MPI

Vietnam trials hi-tech agriculture production zones

VietNamNet Bridge - Vietnam plans to have at least 10 hi-tech agriculture production zones comprising 200 enterprises by 2020. To date, it has attracted 20 enterprises. 

Vietnam urged to focus on FDI quality, not quantity

VietNamNet Bridge - Vietnam has been successfully calling for foreign direct investment (FDI) in the last 10 years, but in order to improve the quality of FDI projects, it needs new policies and technologies.

Capital from tax havens flowing to Vietnam

VietNamNet Bridge - Analysts have noted that a strong cash flow from tax havens are flowing to Vietnam. ‘Tax haven’ economies attract investors from all over the globe.

Green construction still lagging behind in Vietnam

VietNamNet Bridge - The terms  ‘green works’, ‘green architecture’, ‘green cities’ and ‘green energy’ are now commonly used in Vietnam, but the practices are not applied widely. 

Vietnam to reduce natural resource exploitation for sustainable development

VietNamNet Bridge - Vietnam has maintained economic growth despite the reduction in mining natural resources, but it must begin to reduce exploitation as resources are running out, experts say.

IZ land heats up, investors sell land for profits

VietNamNet Bridge - The sharply increased demand for leased land in industrial zones (IZs) from foreign investors has prompted infrastructure developers to transfer IZ and port projects to earn profits.

Local authorities put on market Vung Tau Paradise Resort

The Ba Ria-Vung Tau People’s Committee has released the criteria to choose new investors for Vung Tau Paradaise Resort developed by Vung Tau Paradise Company.

MOF proposes tax reduction to rescue SMEs

VietNamNet Bridge - The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17 percent for small and medium sized enterprises (SMEs).

Vietnamese businesses become ‘addicted’ to Chinese technology

VietNamNet Bridge - Vietnamese investors tend to choose contractors who offer the lowest prices, so Chinese companies usually win the bids. 

State management agencies issue warrants for "missing" foreign investors

VietNamNet Bridge - Local planning and investment departments have released a series of warrants looking for foreign investors after discovering that they had disappeared from their given addresses.

Complicated procedures in VN drive startups to Singapore

VietNamNet Bridge - More and more Vietnamese firms, especially technology startups, are registering their businesses in Singapore to avoid complicated administrative procedures in Vietnam.

Oil fields depleted, exports hit threshold, GDP growth slows

The oil price keeps dropping dramatically, leading to a decrease in Vietnam’s state budget revenue. Meanwhile, other indicators that measure the health of the national economy all show worrying signs.

The third wave of South Korean investment in Vietnam

VietNamNet Bridge - Investors from South Korea have been topping the list of foreign investors in Vietnam in the last two years.

FDI to HCMC slows as the city becomes choosier about projects

VietNamNet Bridge - The foreign direct investment (FDI) flow into HCMC has unexpectedly decreased, though capital to other cities and provinces has increased.

South courts Japanese firms

The administration of the southern ĐồngNai Province promised on June 10 to remove obstacles facing Japanese companies.

6.7% GDP growth rate goal may be unattainable: economists

VietNamNet Bridge - Many unfavorable conditions may make the 6.7 percent GDP growth rate target in 2016 unattainable, economists say. 

NA’s deputies to set up debt clock to remind people of public debt

VietNamNet Bridge - A public debt clock is a symbol which reminds the government, state agencies and public of the VND29 million worth of public debt now put on the shoulders of every Vietnamese.

Why do Vietnamese set up businesses in other countries?

Many Vietnamese businessmen decide to register their businesses in other countries because they hope they can get more transparent information, have better opportunities to access investors, and have good brands they can market. 

‘Locals drink local beer’ viewpoint hinders economic development: experts

VietNamNet Bridge - “Vietnam has 64 independent economies, including 63 local economies and one central economy,” commented Tran Dinh Thien, head of the Vietnam Economics Institute.

Banks debts affect people’s pockets

VietNamNet Bridge - Vietnam takes pride in its original way of settling banks’ bad debt, which does not consume the state budget.