AGRICULTURE SECTOR
World Bank (WB) has approved loans worth USD 238
Million to support the restructuring plan of Vietnam agriculture industry (chinhphu.vn, July 1, 2015)
2014 Housing Law allowed foreign organizations to own houses in Viet Nam has been effective from
July together with foreign businesses investing in housing projects in Viet Nam, foreign invested businesses, representative offices and branches of foreign enterprises, foreign investment funds and foreign banks’ branches operating in the country are also able to own houses (moc.gov.vn, July 3, 2015)
The US Global Emerging Market (GEM) will invest USD20 million in Vietnamese real estate company - Hoang Quan Company (HQC) (moc.gov.vn, July 3, 2015)
The construction of road connecting Noi Bai – Lao Cai will start this October (chinhphu.vn, July 3, 2015)
Ministry of Finance is drafting the Law on export- import tax and tax-defense measures
(chinhphu.vn, July 6, 2015)
According to General Department of Taxation’s calculation, the tax payment time was reduced by 50 hours and is now only 117 hours, exceeding its target of Government target (gdt.gov.vn, July 7, 2015)
In July, Hanoi Tax Department, HCM City Tax Department and General Department of Taxation have to publicize the list of 200 enterprises having the largest amount of tax debts (chinhphu.vn, July 3, 2015)
ECONOMIC GROWTH
According to the DBS - the leading research company in Singapore, Vietnam is one of the fastest growing economies in Asia thanks to manufacturing industry in 2014. In particular, electronics industry is a key sector with the goal of becoming the world's factory (chinhphu.vn, July 7, 2015)
LOGISTICS GROWTH RATES
Prime Minister has approved a development planning system of logistics centers of the whole country by 2020, towards 2030 to improve growth rate of logistics by 35%(chinhphu.vn, July 3, 2015)
FOREIGN DIRECT INVESTMENT (FDI)
As of June 20, Japanese enterprises has 2,661 validated investment projects in Vietnam with total capital of USD 37.7 billion (chinhphu.vn, July 3, 2015)
As of June 20, 2015, ASEAN region has 2,632 valid FDI projects with total registered capital of USD 54.6 billion. Thus, average of one project of ASEAN countries was USD 20.7 million, USD 6.8 million higher than the average foreign investment project in Vietnam. (chinhphu.vn, July 6, 2015)
FOREIGN INDIRECT INVESTMENT (FII)
The room for foreign investors will be eased in many sectors including 100%
for securities companies, maximum of 30% for bank according to Decree 60/2015/NĐ-CP (chinhphu.vn, July 2, 2015)
BANKING
State Bank of Vietnam (SBV) has issued a decision of mandatory repurchase of all shares in Global Petroleum Bank’ shares (GPBank) for 0 dong (chinhphu.vn, July 7, 2015)
GOVERNMENT GUARANTEED BOND
Ministry of Finance has issued Circular No. 99/2015 / TT-BTC guiding the issuance of government guaranteed bonds replacing Circular No. 34/2012 / TT-BTC and Circular No. 167/2013 / TT BTC (chinhphu.vn, July 1, 2015)
June 30 – July 7, 2015
CONSTRUCTION TRANSPORT
ECONOMY
TAX-CUSTOMS