CONDITIONS FOR BORROWING LOAN OF SMALL- AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT FUND FROM JUNE 10, 2024
On April 26, 2024, the Government issues the Decree No. 45/2024/ND-CP on organization and operation of small- and medium-sized enterprise development fund. Decree No. 45/2024 amends and supplements a number of provisions prescribed in Article 16, Decree No. 39/2019/ND-CP on organization and operation of small- and medium-sized enterprise development fund. Accordingly, conditions for loan borrowing of small- and medium-sized enterprise development fund are as follows: To meet the criteria for innovative small- and medium-sized enterprises as prescribed in the Law … Continue reading CONDITIONS FOR BORROWING LOAN OF SMALL- AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT FUND FROM JUNE 10, 2024
SHANGHAI TO BOOST TRADE WITH VIETNAM
During his visit to China on April 11, Vietnamese National Assembly Chairman Vuong Dinh Hue, along with a high-level delegation, toured the Shanghai Free Trade Zone (SHFTZ) and engaged in discussions with the leadership of the Shanghai People’s Congress and the city authorities. Hue was briefed on the SHFTZ’s establishment, development, and its significant achievements. “We exchanged views on institutional frameworks, operational mechanisms, and the unique, targeted policies that have been instrumental in the development of the SHFTZ,” Hue said. … Continue reading SHANGHAI TO BOOST TRADE WITH VIETNAM
INVESTORS INCREASINGLY OPTIMISTIC ABOUT MANUFACTURING SECTOR
Confidence in the manufacturing outlook for the year ahead hit an 18-month high, with manufacturers taking on extra staff at a faster rate. According to an industry report released by S&P Global on April 1, manufacturers in Vietnam are increasingly confident that production will increase over the year ahead. Optimism is the strongest it has been in a year-and-a-half. Firms expect the launch of new products to boost output, while also hoping that an improvement in market demand will help to support … Continue reading INVESTORS INCREASINGLY OPTIMISTIC ABOUT MANUFACTURING SECTOR
HO CHI MINH CITY: A RISING HUB FOR HIGH-TECH MANUFACTURING
Vietnam is currently one of the most attractive destinations for investors in the semiconductor sector due to advantages such as a large reserve of silica and rare earth metals (used for chip manufacturing), low labour costs, favourable geographical location, and government incentives. According to Fortune Business Insights, the semiconductor market size was valued at more than $573 billion in 2022 and grew to $1.38 trillion in 2029, exhibiting a compound annual growth rate of 12.2 per cent. Leading markets in … Continue reading HO CHI MINH CITY: A RISING HUB FOR HIGH-TECH MANUFACTURING
ASEAN MANUFACTURING SECTOR SEES SLIGHT IMPROVEMENT
There are some new and slight improvement across the ASEAN manufacturing sector in January, according to S&P Global Ratings, with the headline ASEAN manufacturing PMI rising from 49.7 in December to 50.3. Manufacturers continued to be optimistic about the 12-month output outlook. Growth was recorded across four of the seven ASEAN members. The purchasing manager’s index (PMI) data by S&P Global Ratings revealed a renewed, but slight, improvement in the manufacturing sector in the ASEAN region at the start of … Continue reading ASEAN MANUFACTURING SECTOR SEES SLIGHT IMPROVEMENT
VIET NAM ENJOYS SURGE IN FDI INFLOWS IN 2023
Vietnam attracted nearly 36.61 billion USD of foreign direct investment (FDI) this year to December 20, a rise of 32.1% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. Hanoi (VNA) – Vietnam attracted nearly 36.61 billion USD of foreign direct investment (FDI) this year to December 20, a rise of 32.1% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. Of the total, 20.19 billion USD was invested in 3,188 new … Continue reading VIET NAM ENJOYS SURGE IN FDI INFLOWS IN 2023
FDI FLOWS INTO SOUTHEAST ASIA MARKET INCREASED STRONGLY
Southeast Asia is one of the countries receiving the largest FDI inflows among emerging regions. FDI flows into the region are increasingly driven by emerging opportunities in sectors such as industrial real estate, the digital economy and green technology. FDI flows into Southeast Asia have increased ninefold over the past two decades, with more than half of these going to Singapore, which tends to serve as a regional hub for many investors. However, new “green” investment projects have had a … Continue reading FDI FLOWS INTO SOUTHEAST ASIA MARKET INCREASED STRONGLY
MAKE VIET NAM BECOME AN INVESTMENT “DESTINATION”
The fear that Viet Nam has not taken advantage of the opportunities from the shift in global investment flows is increasingly being relieved, as more and more large corporations want to invest and expand their investment, to turn Viet Nam into a base. its production. Will the record of 38.85 billion USD repeat? It’s mid-December 2022, which means there are only a few days left to “close” the situation of attracting foreign investment in 2022. Therefore, the question now is … Continue reading MAKE VIET NAM BECOME AN INVESTMENT “DESTINATION”
PUBLIC MERGERS AND ACQUISITIONS IN VIETNAM: OVERVIEW
A Q&A guide to public mergers and acquisitions law in Vietnam. The country-specific Q&A looks at current market activity; the regulation of recommended and hostile bids; pre-bid formalities, including due diligence, stake building and agreements; procedures for announcing and making an offer (including documentation and mandatory offers); consideration; post-bid considerations (including squeeze-out and de-listing procedures); defending hostile bids; tax issues; other regulatory requirements and restrictions; and any proposals for reform. M&A Activity 1. What is the current status of the … Continue reading PUBLIC MERGERS AND ACQUISITIONS IN VIETNAM: OVERVIEW
FDI INFLOWS INTO VIETNAM REACHED 18.7 BILLION USD
Photo data source: Giang Anh, September 30, 2022. In addition to Ho Chi Minh City, Binh Duong, which other localities that attracted over billion USD of FDI in the first 9 months of the year? In the first 9 months of 2022, FDI inflows into Vietnam reached 18.7 billion USD. After Ho Chi Minh City, Binh Duong and Bac Ninh, Dong Nai are locations attracting large investors. According to the report on foreign investment situation of the Ministry of Planning … Continue reading FDI INFLOWS INTO VIETNAM REACHED 18.7 BILLION USD
INDUSTRIAL LAND MARKET HEATS UP
According to statistics, Vietnam has 406 industrial zones (IZs), including 37 located inside and 361 IZs located outside economic zones, with eight located inside border gate economic zones. In the six key northern provinces of Hanoi, Vinh Phuc, Bac Ninh, Hai Phong, Bac Giang, Hung Yen, the toal area of IZs is estimated at 11,000 hectares. The occupancy rate is about 83% and there is only about 2,000 hectares left. The occupancy rate of industrial zones in Hanoi, … Continue reading INDUSTRIAL LAND MARKET HEATS UP
EVALUATING GERMAN-VIETNAMESE ECONOMIC RELATIONS
In 2022, Vietnam and Germany will look back on 47 years of diplomatic relations, during which they have maintained historically solid and close connections. The two countries have come together to form strong ties since 1975. Today, there are around 430 German companies in Vietnam. In addition to major players such as Siemens, Adidas and Bosch, small- and medium-sized German enterprises have discovered Vietnam as a promising market for investment. More than four-fifths of German investment projects are in … Continue reading EVALUATING GERMAN-VIETNAMESE ECONOMIC RELATIONS
