HANOI – Prime Minister Nguyen Xuan Phuc has asked the Tax Department of HCM City to hold back on enforcing a tax decision on collecting VND3.14 trillion (US$134.2 million) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax. This request was made in an express document of the Government Office signed by […]
Read MoreHCM CITY — The HCM City Real Estate Association has rejected media reports that there has been a surge in the purchase of housing in HCM City by foreigners, with most being from mainland China and Hong Kong. Many newspapers had quoted property consultancy CBRE Vietnam as saying 31 per cent of housing actually sold […]
Read MoreHANOI — Vietnam needs to learn about new forms of investment to raise appropriate policies for attracting foreign money, according to chairman of the Vietnam Association of Foreign Invested Enterprises Nguyen Mai. Mại said non-equity modes of investment (NEMs) would be an increasingly important form for attracting foreign capital in Vietnam. Several Vietnamese firms already attracted […]
Read MoreIndustry seeing rapid growth over recent years and expects further expansion from foreign investment. Vietnam’s food processing industry has experienced rapid growth over the past five years and further expansion is expected as it eyes additional foreign investment, according to the Singapore-based Food Navigator Asia news. “The country’s industrial production index rose by some 6.8 […]
Read MoreThe Nikkei Vietnam Manufacturing Purchasing Managers’ Index – a composite single-figure indicator of manufacturing performance – posted 53.8 in December, signaling a further solid improvement in the health of Vietnam’s manufacturing sector. Though down from November’s near-record 56.5, the latest figure was in line with the average for 2018 as a whole. December rounded off […]
Read MoreAmata VN Plc, a subsidiary of SET-listed industrial estate developer Amata Corporation, plans to develop a 50-square- kilometre plot in Yangon as its second foreign industrial estate in 2019. Amata VN is conducting a feasibility study to allocate budget for the first phase of the industrial estate in Myanmar’s biggest city. In this phase, the company […]
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