Avon, one of the three foreign invested enterprises which distribute products in Vietnam under the mode of multi-level marketing (MLM) has announced the withdrawal from the Vietnamese market.

A lot of investors had to transfer real estate projects in 2012 when their money got exhausted. Though the real estate market was frozen, it is now still the right time to make investment in the real estate sector, when the prices get cheaper.

Conducting transfer pricing, evading tax, running away with unpaid debts – all of the behaviors of foreign invested enterprises (FIEs) have caused big headaches to the Vietnamese management agencies.

The State Bank of Vietnam has, for the first time in history, has set a cap on the commercial banks’ gold position, an action that aims to restrict the gold speculation.

VietNamNet Bridge – A lot of great ideas were initiated by watchdog agencies in 2012. However, many of them died prematurely because they faced the strong opposition from the public.

Both the State and commercial banks have announced the launching of credit packages at preferential interest rates to fund house purchases. However, the packages still have not reached out to people.

Seafood companies have begged the State Bank of Vietnam (SBV) to allow them to borrow money in foreign currencies until the end of 2013 to help them overcome the current difficulties.

VietNamNet Bridge – The government has decided that tourism is one of the key industries of the national economy. However, the current policies don’t support the development.

Investors have poured money into the e-commerce market, a very promising type of business. However, they would have to encounter big difficulties.

Cu Lao Xanh, which deserves to be a tourism paradise, seems to be indifferent to tourists. No one intends to develop the local infrastructure to attract travelers.