Business

A new fee schedule will apply for the granting of licenses to foreign financial institutions in Vietnam from January 1, 2017.

Though major changes are on the horizon for the domestic auto industry, the Vietnamese government has so far failed to provide a roadmap for new emission standards, and carmakers are getting concerned.

Prime Minister Nguyen Xuan Phuc said Vietnam wants German investors to invest more in the country, particularly in the sectors of Germany’s strength, such as hi-tech manufacturing, renewable energy, infrastructure, and logistics.

There were 22,486 enterprises resuming operations during the first ten months of this year, an increase of 38.8 per cent against the same period last year, according to the latest report from the Agency for Business Registration under the

Prime Minister Nguyen Xuan Phuc has asked relevant agencies and ministries to keep the inflation rate under the 5 per cent set by the National Assembly (NA).

Commercial trade with ASEAN is a microcosm of the challenges facing the Vietnamese domestic sector globally.

The Vietnam Steel Association (VSA) has proposed the government impose temporary safeguard duties on imported pre-painted galvanized steel to protect local producers and workers.

Vietnamese small and medium-sized enterprises (SMEs) are encouraged to promote brand building and e-commerce development to enhance competitiveness at a workshop on e-commerce yesterday in Cần Thơ City.

Vietnam attracted over US$17.61 billion in new and additional pledges of foreign direct investment as of October 20, representing an 8.7% decline compared to the same period of 2015, according to the General Statistics Office.

Vietnam’s consumer price index (CPI) rose 0.83% in October from last month and posted a year-on-year increase of 4.9%, according to the General Statistics Office (GSO).

The central city of Da Nang plans to relaunch a direct air route to Pakse, in Laos’ province of Champasak, in a bid to boost investment, cooperation, and tourism in the years to come.

Foreign arrivals to Vietnam have reached over 8 million in the first ten months of 2016, up 25.4% year on year, according to figures released by the General Statistics Office (GSO).

The Ministry of Finance said it would tighten spending next year as well as the financial planning for the next five years as state budget revenues have been lower than estimated.

Forty-six per cent of Vietnamese consumers have purchased a product or service on their mobile device in the past six months, according the latest report from Nielsen entitled “Mobile Money Makes the World Go Around”.

A series of projects with total capital of USD66bn for the 2017-2022 period have been submitted to the National Assembly for consideration.

Vietnam was listed in the top three most popular expansion destinations in South Asia, following Singapore and Japan, in United Overseas Bank’s Asian Enterprises Report 2016.

The Vietnamese national flag carrier, Vietnam Airlines, and Japan’s All Nippon Airways (ANA) will officially implement cooperative programmes from October 30.

A roadmap for implementing a national one-door mechanism for arrival and departure procedures of aircraft will take effect on January 1 next year for Vietnam Airlines and on March 1 for other carriers.

According to the World Bank Group’s annual ease of doing business report released yesterday in Washington D.C., economies in the East Asia and Pacific region are steadily making progress to ease the process of doing business.