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maandag 24 juli 2017

Vietnam: First landed houses of The Manor Central Park to be handed over by year-end

First landed houses of The Manor Central Park to be handed over by year-end

The first landed houses of the $290-million The Manor Central Park co-invested by Japanese Mitsubishi and domestic Bitexco Group will be handed over at the end of this year. A representative from Bitexco told VIR that this project is now in its first phase of construction, focusing on 550 low-rise residential units. More than 300 of these have their frames finished and are now in the process of fitting.

The post First landed houses of The Manor Central Park to be handed over by year-end appeared first on Dutch Business Association Vietnam.

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Foreign investors gunning for petroleum retail market

JX Nippon Oil & Energy is receiving close to $15 million in the first year after acquiring Petrolimex shares. This, coupled with the fact that there are 29 petroleum import-export distributors in Vietnam, makes the petroleum retail market especially lucrative.

The post Foreign investors gunning for petroleum retail market appeared first on Dutch Business Association Vietnam.

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Nam Dinh power plant gets the nod

The consortium including Saudi Arabian ACWA Power and South Korean Taekwang Power Holdings Co., Ltd. officially received an investment certificate for the $2.3 billion Nam Dinh 1 thermal power project, making its first foray of Saudi Arabian ACWA Power in Vietnam.

The post Nam Dinh power plant gets the nod appeared first on Dutch Business Association Vietnam.

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Excise tax exemption proposed for locally made automobile parts

The Ministry of Industry and Trade (MoIT) has proposed non-imposition of excise tax on locally made auto parts in order to bring the prices of cars, especially assembled ones, more accessible to customers.

The post Excise tax exemption proposed for locally made automobile parts appeared first on Dutch Business Association Vietnam.

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Hanoi plans to ban motorbikes by 2030 to solve traffic, pollution issues

Motorbike, the most popular and convenient means of transport nowadays, will be banned in inner districts of Hanoi by 2030, with a view to easing traffic jams and reducing air pollution. This is stated in a resolution passed by the Hanoi Municipal People's Council on July 4. The resolution will be implemented in three phases. During the first phase (2017-18), the city will apply solutions to effectively manage vehicles joining in traffic and enhance the state management of the transport sector. The second phase (2018-20) will focus on developing multimodal public transport while restricting the use of personal vehicles. The use of motorbikes in some areas of the city will be gradually limited in the third phase (2020-30) and banned in the inner districts by the end of 2030.

The post Hanoi plans to ban motorbikes by 2030 to solve traffic, pollution issues appeared first on Dutch Business Association Vietnam.

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HCMC to focus on four key industries

HCM City's Department of Industry and Trade (DoIT) will focus on improving the strength and efficiency of four key industries under the city's stimulus package until the end of this year, said Nguyen Phuong Dong, DoIT's deputy director last week.

The post HCMC to focus on four key industries appeared first on Dutch Business Association Vietnam.

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Loan interest rate cut: Businesses' dream comes true

The refinancing, rediscount and overnight electronic inter-bank rates have been reduced by 0.25. The rate for loans taken to offset shortages in clearing between the SBV and commercial banks has been cut by 0.25 percentage points, while the rate for short-term dong loans offered by credit institutions to some sectors has been adjusted down by 0.5 percentage points.

The post Loan interest rate cut: Businesses' dream comes true appeared first on Dutch Business Association Vietnam.

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Fisheries sector urged to clear barriers to tra fish

The fisheries sector needs to clear barriers for tra fish in the US, the European Union (EU) and China, said Deputy Minister of Agriculture and Rural Development Vu Van Tam. Tam suggested the sector rearrange production to meet US standards as the US remains a major importer. For the EU, it should get ready for the upcoming bilateral free trade agreement and to tackle barriers, including dealing with inaccurate media reports about tra fish.

The post Fisheries sector urged to clear barriers to tra fish appeared first on Dutch Business Association Vietnam.

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13 legal documents issued in June

The Government and the PM have issued 13 legal documents, including seven Decrees and six Decisions in June 2017, according the Ministry of Justice. Decree No. 70/2017/NĐ-CP provides preferential allowance and subsidy levels for people with meritorious services to the revolution that will increase from VND1,318,000 to VND1,417,000.

The post 13 legal documents issued in June appeared first on Dutch Business Association Vietnam.

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Circular tightens entry and exit of portable alcohol, cigars, gold

The Ministry of Finance has issued Circular No.52/2017/TT-BTC amending Circular No. 120/2015/TT-BTC dated August 14, 2015, promulgating forms, printing, issuance, management and use of customs declarations for incoming and outgoing passengers, which sets limits on portable goods for alcohol, cigars and gold.

The post Circular tightens entry and exit of portable alcohol, cigars, gold appeared first on Dutch Business Association Vietnam.

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Six new laws announced

The Presidential Office on July 12 organized a press conference to announce six new laws which were approved at the third session of the 14th National Assembly. The Law on Support for Small and Medium-sized Enterprises(SMEs) is designed with a view to supporting SMEs, respecting the market regulations and the international conventions to which Viet Nam is a signatory.

The post Six new laws announced appeared first on Dutch Business Association Vietnam.

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Dutch firms plan to build on their FDI

He said that now is the best time for the Dutch to invest in Vietnam, where the stock and financial markets are flourishing. Many SOEs have and will be radically equitised, including big groups operating in the sectors of transport, airports, expressways, seaports, electricity, telecommunications, agriculture, and tourism. Vietnam has committed to removing barriers in many sectors, especially telecommunications, finance, and banking, whose foreign ownership limits have been and will continue to be lifted.

The post Dutch firms plan to build on their FDI appeared first on Dutch Business Association Vietnam.

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Royal HaskoningDHV Signs Major Wastewater Contract In Ba Ria-Vung Tau

Netherlands-based firm Royal HaskoningDHV has signed a €9.5-million ($11 million) contract with Ba Ria-Vung Tau Urban Sewerage and Development Company (BUSADCO) to implement a complete wastewater solution for over 175,000 residents of Phu My New Urban Area, near Ho Chi Minh City.

The post Royal HaskoningDHV Signs Major Wastewater Contract In Ba Ria-Vung Tau appeared first on Dutch Business Association Vietnam.

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Dutch Open 2014 Donated Over VND 210 Mil To The Charities

Dutch Business Association Vietnam (DBAV)'s CSR project, a charity golf tournament Dutch Open 2014 has raised more than VND 210 million to help the underprivileged Vietnamese children. The event was held on 21 November in Song Be Golf Resort with the support of almost 50 sponsors. The fund was raised through sponsorships, participation fee, in-kind sponsors that enabled revenues from auctions and raffles sales. The event attracted 125 participants including Clinic for the beginner's special session.

The post Dutch Open 2014 Donated Over VND 210 Mil To The Charities appeared first on Dutch Business Association Vietnam.

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Can interest rate cuts on loans be sustained?

Soon after the State Bank of Vietnam cut the reference rate by 0.25 percentage points, several banks have followed suit, lowering interest rates on loans to enterprises in five priority sectors. They have cut the rates on short-term loans by up to 1 percentage point, which have thus fallen from 7 per cent to 6.5 per cent and even 6 per cent.

The post Can interest rate cuts on loans be sustained? appeared first on Dutch Business Association Vietnam.

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PM okays Van Don EZ development

The province's leaders have also asked the government to promulgate the circular on casinos, which will lay guidelines for Vietnamese citizens, and contribute towards attracting more investments into Van Don, where luxury resort complex projects and a casino are being planned.

The post PM okays Van Don EZ development appeared first on Dutch Business Association Vietnam.

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Government targets 6.4-6.8% growth in 2018

The Ministry of Planning and Investment is targeting an economic growth rate of 6.4 per cent to 6.8 per cent for Vietnam in 2018, according to a document sent to ministries and local authorities with guidelines to develop the socio-economic plan for 2018.

The post Government targets 6.4-6.8% growth in 2018 appeared first on Dutch Business Association Vietnam.

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FDI attraction in first half records new peak

This business is one of more than 1,000 foreign enterprises granted investment licences in Vietnam in the first six months of 2017. Notably, this is a research and deployment project, expecting to bring high added value to the country's economy.

The post FDI attraction in first half records new peak appeared first on Dutch Business Association Vietnam.

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Bright outlook for franchising in Vietnam

This coffee enterprise has franchised more than 2,000 outlets nationwide since 2010. With limited initial capital, an individual can own a coffee shop like this, including the brand's standard equipments such as design, interior, machinery, sound system and coffee mixing tools.

The post Bright outlook for franchising in Vietnam appeared first on Dutch Business Association Vietnam.

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Citi launches new Debit Mastercard in Vietnam

Following Citi's global success of launching Debit Mastercard cards in countries around the world, Citi Vietnam will join 10 key Asia-Pacific markets in issuing their customers with the new, contactless Citibank Debit Mastercard.

The post Citi launches new Debit Mastercard in Vietnam appeared first on Dutch Business Association Vietnam.

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