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Doing Business in Vietnam

Shoe exporters face obstacles

Submitted by myvietnam on Tue, 05/11/2010 - 09:53

Viet Nam’s footwear industry earned US$1.36 billion from exports in the first four months of this year, a modest increase of 5.7 per cent from a year ago.

Central bank ordered to cut borrowing costs

Submitted by myvietnam on Tue, 05/11/2010 - 09:52

The Government has ordered the State Bank of Viet Nam to take action to lower interest rates in order to improve access to credit and boost stalled credit growth.

Real estate slump lengthens as buyers choose to wait

Submitted by myvietnam on Mon, 05/03/2010 - 16:31

The local real estate market has been struggling for longer than expected as prospective home buyers opt to wait for prices to drop further, industry insiders say.

They said high lending interest rates of up to 17-18 percent in recent months have discouraged many people from taking loans to buy houses.

Dragon project is yet to roar into life

Submitted by myvietnam on Mon, 05/03/2010 - 16:22

Doubts have arisen again over Dragon Beach Group’s ability to financially float a multi-billion dollar recreation project in Quang Nam province.

Foreign investors going local

Submitted by myvietnam on Mon, 05/03/2010 - 16:20

They are taking advantage of a legal gap. At present, the Vietnamese government is still embarrassed to control the method of selling houses on paper

FDI bites into trade deficit

Submitted by myvietnam on Mon, 05/03/2010 - 16:19

A rise in foreign direct investment inflows is set to eat into Vietnam’s sizeable trade deficit. The Ministry of Planning and Investment’s Foreign Investment Agency (FIA) data indicated that disbursed foreign direct investment (FDI) capital in the country during the year’s first four months hit $3.6 billion, a 6 per cent rise year-on-year.

Plan to develop Vietnam’s island economy up through 2020

Submitted by myvietnam on Sat, 05/01/2010 - 18:55

The Prime Minister has approved a plan to develop Vietnam’s island economy up through 2020 with an estimated capitalization of more than VND162 thousand billion.

The plan aims to develop the infrastructure of islands quickly and efficiently, and build a solid line of defence to protect national sovereignty.

Agro-forestry, seafood exports up

Submitted by myvietnam on Sat, 05/01/2010 - 18:51

Exports of agro-forestry and seafood products in the first four months of the year went up 12.8 percent against the same period last year, said the Ministry of Agriculture and Rural Development.

Vietnam Inflation Still Likely to Surpass 10%, Citigroup Says

Submitted by myvietnam on Thu, 04/29/2010 - 11:45

Vietnam’s inflation rate will still probably surpass 10 percent and rise to almost 11 percent this year in spite of a slowdown reported in the latest figures, Citigroup Inc. said.

Vietnamese inflation slowed in April to a year-on-year rate of 9.2 percent, down from 9.5 percent in March and the first reduction in the rate since August. Prices rose 0.14 percent in April from March, the lowest figure since a decline in monthly inflation in March 2009.

Investors changing the face of Vietnam

Submitted by myvietnam on Thu, 04/29/2010 - 11:42

Vietnam is no longer the poor cousin of urban and resort developments in Asia. Foreign investment has seen to that.

According to Colliers International's just-released The Knowledge Report, Vietnam's GDP grew by 5.8 per cent in the third quarter of last year, with real estate the second-highest Foreign Direct Investment sector, after accommodation and food.