Vietnam Business News

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• 700 villas in Hanoi left unfinished
• All-in-one solution warehouse unveils in Binh Duong
• Vietnam, US boost economic, trade cooperation
• Ministry suggests increase in income-tax threshold
• Vietnam bonds slide for fifth day as inflation concerns mount
• Real estate booming in IPS
• Real estate at Binh Duong new city is in hot demand
• More professional training needed for auditors
• Policies aim to slow growth, control inflation
• Second home market: potential investment in central and southern region

700 villas in Hanoi left unfinished Posted: 20 Apr 2011 11:54 PM PDT The Ministry of Construction and the Hanoi Department of Construction on Wednesday released a joint report that found nearly 700 villas in unfinished conditions around the city. These are part of a total 2.700 villas of 16 construction projects approved by the city. The construction authorities suspect owners of these unfinished villas were real estate [...]

All-in-one solution warehouse unveils in Binh Duong Posted: 20 Apr 2011 11:54 PM PDT The world's leading provider of logistic service Damco has inaugurated a new all-in-one solution warehouse this Wednesday in Di An district, the southern province of Binh Duong. The 26,000 square meters warehouse with total investment up to US$4 million can offer different storage services includes: container freight station (CFS), bonded warehouse and general cargo warehouse [...]

Vietnam, US boost economic, trade cooperation Posted: 20 Apr 2011 11:53 PM PDT Nguyen Xuan Phuc, Politburo member and Minister-Chairman of the Government Office, on April 20 received US Senator James Webb, who is on a Vietnam visit to boost bilateral economic trade and investment cooperation. At the reception, Phuc expressed his delight with developing Vietnam-US relations in various fields, saying that the two sides see great potential [...]

Ministry suggests increase in income-tax threshold Posted: 20 Apr 2011 11:53 PM PDT The Ministry of Finance has recommended to the Government to increase the income-tax threshold to 5 million dong (US$240) per month from the current 4 million dong. It requires to be approved by the National Assembly which convenes next in July. The law also allows a deduction of 1.6 million dong a month each for [...]

Vietnam bonds slide for fifth day as inflation concerns mount Posted: 20 Apr 2011 11:52 PM PDT Vietnam's five-year bonds dropped for a fifth day, the longest losing streak in five months, as inflation concerns and the prospect of higher interest rates sapped demand for fixed-income assets. The dong weakened. The yield on the debt rose 9.5 basis points to a one-year high of 12.32 percent, according to a daily fixing price [...]

Real estate booming in IPS Posted: 20 Apr 2011 11:50 PM PDT The Vietnamese Government has adopted incentive policies for industrial parks (IPs) and export processing zones (EPZs) and considered them to be a key factor behind strong industrial growth. Many businesses operating in IPs and EPZs have benefited from tax preferences, simple investment procedures and support in terms of workforce and other resources. In Hanoi, the [...]

Real estate at Binh Duong new city is in hot demand Posted: 20 Apr 2011 09:49 PM PDT Facing difficulties, investors have encountered problems of investment. Amid the situation, real estate is a field bringing advantages for investors. Demand and supply on the rise 2010 showed hot demand of real estate field at some provinces of Dong Nai, Vung Tau, Binh Duong… However, the most highlighted thing was an impressive appearance of Binh [...]

More professional training needed for auditors Posted: 20 Apr 2011 09:48 PM PDT Methods used to train auditors and accountants need fundamental change, said Viet Nam Association of Accountants and Auditors president Dang Van Thanh at a forum yesterday in Ha Noi. Viet Nam’s accounting and auditing systems needed greater capability to analyse economic and financial information and make forecasts, Thanh said. “It’s necessary to put an end [...]

Policies aim to slow growth, control inflation Posted: 20 Apr 2011 09:47 PM PDT Policy measures to restore economic stability and maintain social security were introduced two months ago. The Viet Nam country director of the Asian Development Bank (ADB), Ayumi Konishi, spoke to Viet Nam News reporter Ha Phuong about the impact of the measures so far. The Government and the State Bank of Viet Nam have issued [...]

Second home market: potential investment in central and southern region Posted: 20 Apr 2011 09:47 PM PDT The second home market in the central and southern regions was showing its potential, with investors snapping up more than 50 per cent of the available properties in the area recently, according to commercial real estate services firm CB Richard Ellis Viet Nam (CBRE). According to CBRE, Government measures to control gold trading and foreign [...]

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