Vietnam expands foreign property ownership rules

Hanoi (VNA) – Foreign investors still pay great attention to Vietnam albeit the complicated developments of the acute respiratory disease caused by SARS-CoV-2 which started to hit the world earlier this year. In January, the total newly registered capital, capital contributed and shares purchased by foreign investors reached 5.33 billion USD, up 179.5 percent against the same period last year. The investment disbursement was estimated at 1.6 billion USD, a year-on-year rise of 3.2 percent. According to head of the foreign investment department under the Ministry of Planning and Investment Do Nhat Hoang, a major group from the US is considering the registration of new projects worth billions of USD in Vietnam. Businesses of other countries have also arrived in Vietnam to study power and infrastructure projects. The Japan External Trade Organisation (JETRO) reported that 122 Japanese businesses have decided to remove their production activities from China and over 42 percent … [Read more...] about Foreign investors still eye Vietnam amid SARS-CoV-2 outbreak

“Many agricultural SMEs in Viet Nam face financial issues due to challenges in getting loans from banks such as insufficient collateral, strict corporate customer screening criteria and lack of financial literacy. Through working with Validus Vietnam, SMEs can obtain financing in time to improve their productivity to grow and expand their businesses,” he said … [Read more...] about Validus Vietnam ties up with Nafoods

Zara, with two stores in Hanoi and HCM City, had revenue of VND1.7 trillion in 2018, which was six times higher than 2017. Meanwhile, H&M, with seven stores, had revenue of VND653 billion in the 2018 fiscal year, or 4.3 times higher than 2017. Zara, with two stores in Hanoi and HCM City, had revenue of VND1.7 trillion in 2018, which was six times higher than 2017. Meanwhile, H&M, with seven stores, had revenue of VND653 billion in the 2018 fiscal year, or 4.3 times higher than 2017. … [Read more...] about Foreign brands shake up Vietnamese fashion market

“It’s time to join hands to fight common difficulties. From now on, we will enhance training for staff, plan new products and focus on promoting virus-clear destinations. When the epidemic ends, we will kick-start for a breakthrough development,” Thang said. … [Read more...] about Vietnam tourism to recover after COVID-19

This is consistent with results from its latest Asia-Pacific Economic Cooperation (APEC) CEO survey in 2019, where 34% of business leaders in the region (and 49% of Vietnamese CEOs) share a positive outlook for business growth in the year ahead, despite the declining trend overall. … [Read more...] about Prospects for growth remain positive among Vietnam’s CEOs: PwC