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maandag 28 augustus 2017

Vietnam: Vietnam after 30 years of FDI attraction

Vietnam after 30 years of FDI attraction

So far, the preparation for the 30th anniversary of Foreign Direct Investment (FDI) in Vietnam has only started. The summarising report is being drawn, partly based on the reports from localities. However, information showed that this report will inherit the research results from the 25-year report on FDI attraction, in addition to the survey and assessment of actual FDI situation in the past five years (2012-2017). It will consist of in-depth assessments on the prominent issues of FDI over the time, such as the development of supporting industry; the linkage between domestic and FDI firms, technology transfer, and certainly the assessments on the environmental assurance of FDI firms, as well as the attraction of FDI in high-tech and high-tech agriculture, in line with the new direction on FDI attraction set by the government after summarising the 25 years of FDI attraction.

The post Vietnam after 30 years of FDI attraction appeared first on Dutch Business Association Vietnam.

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Central coast in spotlight

Investors are seeking alternative opportunities in central coastal cities like Danang and Nha Trang, given the high property prices in Hanoi and Ho Chi Minh City. In anticipation of the trend, foreign developers with strong financial capacity have ramped up acquisitions or have been partnering with local developers to scale up projects there.

The post Central coast in spotlight appeared first on Dutch Business Association Vietnam.

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ExxonMobil to kick off multi-billion dollar gas-to-power complex in October

ExxonMobil Corporation from the US is completing the geological survey and build the design of the pipeline installation, aiming to conduct the construction of the onshore infrastructure of the Blue Whale (Ca Voi Xanh) gas-to-power complex located in the central provinces of Quang Nam and Quang Ngai.

The post ExxonMobil to kick off multi-billion dollar gas-to-power complex in October appeared first on Dutch Business Association Vietnam.

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Lawyer in Vietnam Dr. Oliver Massmann PUBLIC MERGERS AND ACQUISITIONS

FDI capital has been rising in the past few years. In the first 6 months of 2017, the total FDI capital to Vietnam is USD19.2 billion, an increase of 54.8% compared to the same period last year. Vietnam's M&A market continues to be active in 2017 after reaching a record-breaking deal value of USD5.8 billion in 2016. The number of M&A deals amounts to 2,062 deals worth USD1.8 billion from January – May 2017, up 116.2% compared with the statistics last year.

The post Lawyer in Vietnam Dr. Oliver Massmann PUBLIC MERGERS AND ACQUISITIONS appeared first on Dutch Business Association Vietnam.

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Indian group proposes to build solar power in Binh Phuoc

With high heat radiation and long sunshine hours, Binh Phuoc has favourable conditions for solar power development.

The post Indian group proposes to build solar power in Binh Phuoc appeared first on Dutch Business Association Vietnam.

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Twenty categories of goods, services placed under state monopoly

The State will hold monopoly over 20 categories of goods and services such as gold bar production, lottery ticket and postage stamp issuance.

The post Twenty categories of goods, services placed under state monopoly appeared first on Dutch Business Association Vietnam.

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Heineken profit beats expectations on strong Europe

Heineken, the world's second-largest beer maker, reported higher than expected earnings in the first half of 2017, with the strongest profit growth in Europe thanks to a late Easter and an early start of warm summer weather. The Dutch brewer of Europe's top-selling lager Heineken, as well as Tiger and Sol, said volumes, revenue and profits grew on a like-for-like basis in all four of its regions, with turnarounds from weak first quarters in Africa and the Americas.

The post Heineken profit beats expectations on strong Europe appeared first on Dutch Business Association Vietnam.

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Government okays amendments to tax laws

The Ministry of Finance on Tuesday announced a scheme for amending tax laws, including the laws on value added tax, personal income tax, natural resource tax and special consumption tax.

The post Government okays amendments to tax laws appeared first on Dutch Business Association Vietnam.

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Will deposit rates soon rise again?

In early 2017, as banks accelerated mobilisation to ensure compliance with Circular 06, the mobilisation internet rate level sharply rose by an average of 0.1-0.5 percent per annum compared to late 2016. Some joint stock banks even boosted mobilisation of valuable papers, pushing up the long-term mobilisation rate to up to 9.2 percent per annum.

The post Will deposit rates soon rise again? appeared first on Dutch Business Association Vietnam.

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Reference exchange rate stays flat

The State Bank of Vietnam kept the daily reference VND/USD exchange rate on August 17 unchanged from the day before at 22,450 VND. With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,123 VND and the floor rate 21,777 VND per USD.

The post Reference exchange rate stays flat appeared first on Dutch Business Association Vietnam.

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Vietnam spends nearly 1.7 billion USD on corn import every year

Vietnam has so far this year imported 4.13 million tonnes of corn worth 825 million USD, according to the Ministry of Agriculture and Rural Development.

The post Vietnam spends nearly 1.7 billion USD on corn import every year appeared first on Dutch Business Association Vietnam.

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Finance Ministry proposes new tax on pickups

The Ministry of Finance has proposed that the government apply a special consumption tax on pickups to be set at 60 percent of the tax on cars with nine seats or less with similar engine displacement, a move that would sharply increase their costs.

The post Finance Ministry proposes new tax on pickups appeared first on Dutch Business Association Vietnam.

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Damen Shiprepair Rotterdam successfully completed the refit of Petrojarl 1

On the 18th of August 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years.

The post Damen Shiprepair Rotterdam successfully completed the refit of Petrojarl 1 appeared first on Dutch Business Association Vietnam.

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Damen launches free dredge calculator

Online tool – called Sandy – helps contractors choose the right cutter suction dredger and equipment for the job.

The post Damen launches free dredge calculator appeared first on Dutch Business Association Vietnam.

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Gov't looks to cut special inspections red tape

"The PM has asked ministries to clarify which procedures should be maintained and which can be removed," he said.

He called for administrative reforms related to special inspections towards reducing unnecessary costs for businesses.

The post Gov't looks to cut special inspections red tape appeared first on Dutch Business Association Vietnam.

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Cut red tape costs, PM urges

Prime Minister Nguyen Xuan Phuc has asked all ministries, departments and provinces to promote growth by easing the hurdles that businesses face and by helping cut down their bureaucratic expenses.

The post Cut red tape costs, PM urges appeared first on Dutch Business Association Vietnam.

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Dutch dairy coop FrieslandCampina sells fruit juice unit

With 19,000 farmer members in the Netherlands, Germany and Belgium, FrieslandCampina claims to be one of the largest dairy cooperatives in the world.

The post Dutch dairy coop FrieslandCampina sells fruit juice unit appeared first on Dutch Business Association Vietnam.

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European firms seek investment opportunities in Hau Giang

The Mekong Delta province of Hau Giang introduced its investment attraction policies and investment opportunities to European food and beverage firms.

The post European firms seek investment opportunities in Hau Giang appeared first on Dutch Business Association Vietnam.

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Green growth- a magnet for foreign investors

Green development projects in Vietnam are catching attention of foreign investors on account of the Government's favourable policies on land, taxes and capital as well as a large number of potential customers in the country.

The post Green growth- a magnet for foreign investors appeared first on Dutch Business Association Vietnam.

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Euro zone business growth maintains solid pace in August

Euro zone manufacturing businesses clocked their best month of growth in six-and-a-half years in August, offsetting the weakest services growth in seven months and keeping overall activity on steady path.

The post Euro zone business growth maintains solid pace in August appeared first on Dutch Business Association Vietnam.

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Dutch Lady dairy company reaches out to flood victims

Dutch Lady has donated 30,000 litres of milk products to those affected by the recent floods in northern Vietnam.

The post Dutch Lady dairy company reaches out to flood victims appeared first on Dutch Business Association Vietnam.

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Government considers recognising bitcoin in Vietnam

Prime Minister Nguyen Xuan Phuc this week approved a plan to scrutinise and streamline the legal framework for the management of cryptocurrencies such as bitcoin in Vietnam.

The post Government considers recognising bitcoin in Vietnam appeared first on Dutch Business Association Vietnam.

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Free trade agreement helps boost Vietnam-EAEU trade

Trade between Vietnam and the Eurasian Economic Union (EAEU) hit US$1.7 billion in the first 6 months of 2017, up 21% year-on-year.

The post Free trade agreement helps boost Vietnam-EAEU trade appeared first on Dutch Business Association Vietnam.

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Vietnam PM Phuc receives East-West Seed pledge for agriculture scholarship in the Netherlands for Vietnamese student

During the state visit of Vietnamese Prime Minister Nguyen Xuan Phuc to the Netherlands on July 8-11, leading tropical vegetable seed company East-West Seed pledged a full scholarship for a Masters student from Vietnam to study in the Netherlands.

The post Vietnam PM Phuc receives East-West Seed pledge for agriculture scholarship in the Netherlands for Vietnamese student appeared first on Dutch Business Association Vietnam.

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Foreign investment on rise in Vietnam

The foreign investment is looking up, as the total capital pledged for investment in the country until August 20 was nearly equal to that for the entire 2016.

The post Foreign investment on rise in Vietnam appeared first on Dutch Business Association Vietnam.

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Ministry drafts auto part tax cut

The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation's rules.

The post Ministry drafts auto part tax cut appeared first on Dutch Business Association Vietnam.

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