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Tag Archive for ‘Economic’

Savills: Opportunities in underground urban planning

The construction and development of underground urban areas is an indispensable trend in modern urban development, according to Savills Vietnam. In the case of Ho Chi Minh City, the consultancy firm emphasizes the potential for real estate segments to be formed in underground areas. Planning vision According to Savills’ Research Department, the world’s first-ever underground […]

Vinatex seeks investment opportunities in Armenia

A delegation of the Vietnam National Textile and Garment Group made a fact-finding trip to Armenia in late August to seek partners to develop production projects as Vietnam is the first country to sign a free trade agreement with the Eurasian Economic Union that includes Armenia. Vinatex General Director Le Tien Truong said during their […]

Vietnam promotes renewal energy development

As fossil fuels run out, the use of renewable energy is necessary for Vietnam’s development orientation and energy security. Vietnam is considered a country with a great potential for renewable energy. Vietnam has a great potential for wind, solar, and biomass energy. A recent survey shows that Vietnam’s total wind power potential is between 7,000 […]

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

Vietnam PM launches construction for Vingroup’s automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc made an order to launch construction of VINFAST – an automobile manufacturing complex invested by Vietnam’s largest real-estate company Vingroup, in the northern port city of Hai Phong on September 2. Speaking at the ceremony, PM Phuc said that this is one of many significant events to celebrate on the […]

HCM City seeks to mobilize capital from private sector

With public funding only able to meet a fifth of the VND1.8 quadrillion (US$80 billion) required for development works in HCM City’s in 2016 – 20, municipal authorities are striving to involve the private sector. According to Su Ngoc Anh, Director of the city Department of Planning and Investment, many new measures and policies have […]

Work starts on first Vietnamese automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc attended a ceremony in the northern port city of Hai Phong on September 2 to start the construction of the first Vietnamese automobile manufacturing complex in Dinh Vu – Cat Hai economic zone. Invested by Vinfast manufacturing and trade Ltd company – an affiliate of real estate developer Vingroup, the […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

Large-scale investments promise FDI breakthrough in Vietnam

Many large-scale investment projects and cooperation agreements have been signed for the near future, promising a breakthrough in foreign direct investment (FDI) attraction in Vietnam. Just in the last 10 days, numerous investment cooperation agreements have been signed within the framework of Party General Secretary Nguyen Phu Trong’s visit to Indonesia and Myanmar and Prime […]

Vietnam consumer confidence at record high: Nielsen study

Vietnam ranks the fifth most optimistic country globally with an index score of 117 in the latest Consumer Confidence Index released by Nielsen, its highest score in the past five years and up five points from the last quarter of 2016. The report also finds that consumers in Southeast Asia continue to be among the […]