Expat Vietnamese dominate FDI in HCM City
A total of 122 new foreign-invested projects capitalised at 260.4
million USD have so far been granted investment licences in HCM City
.
A total of 122 new foreign-invested projects capitalised at 260.4
million USD have so far been granted investment licences in HCM City
.
The overseas Vietnamese community accounts for 153.6 million USD of this investment, made largely in the processing and manufacturing industry, property trading and communication.
The city's People's Committee said despite the relatively small scale, projects undertaken by overseas Vietnamese cover a wide range of production and business sectors.
The difficulty in providing policy support to the overseas Vietnamese in doing business in Vietnam revolves mainly around the uncertainty regarding their citizenship, the committee said.
City authorities have proposed supplementing existing incentive policies to encourage more overseas Vietnamese who are not holding Vietnamese citizenship to return home for doing business.
The municipal administration has also proposed improving administrative procedures, speeding up reforms of land and customs-related procedures as well as tax policies in order to facilitate overseas Vietnamese looking to set up businesses in the city. /.
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
