Vietnam Investment Review - VIR

Corporate

Fecon raises foreign ownership limit to 75 per cent
23:15 21/09/2017 Fecon raises foreign ownership limit to 75 per cent

Foundation Engineering and Underground Construction JSC (FECON), a leading contractor in foundations and underground work in Vietnam, raised the foreign ownership limit (FOL) to 75 per cent as the premise for its plan to raise chartered capital in the coming period.

Investing

MoIT’s solar power PPA  circular omits vital details
14:54 21/09/2017 MoIT’s solar power PPA circular omits vital details

Issues related to commercial operation dates, feed-in-tariffs, and grid connections are addressed in a newly-released circular on solar power, but international organisations and investors said that some key points were not changed.

Tech

Gov’t plans to use IT to connect trade promotion groups
09:07 21/09/2017 Gov’t plans to use IT to connect trade promotion groups

The application of information technology (IT) is a crucial tool to enhance trade promotion activities nationwide by strengthening information exchange between trade organizations, officials said during a seminar held in Hà Nội on Wednesday.

Property

CapitaLand strikes biggest deal in Asia-Pacific
23:11 21/09/2017 CapitaLand strikes biggest deal in Asia-Pacific

In the largest office transaction in the Asia-Pacific this year, Singaporean real estate company CapitaLand purchased a landmark office tower for SGD2.09 billion ($1.55 billion).

Money

Tax on income from bank savings proposed
15:19 21/09/2017 Tax on income from bank savings proposed

The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.

Province

Hai Phong plans to slash freight fees
08:37 21/09/2017 Hai Phong plans to slash freight fees

The leaders of northern Hai Phong Port City are collecting opinions from four associations and relevant agencies to submit to the municipal People’s Council to reduce fees for using infrastructure, service facilities and public utilities at its ports.

Travel

Cần Thơ to host Eco-Tourism Festival
16:49 20/09/2017 Cần Thơ to host Eco-Tourism Festival

A four-day Eco-Tourism Festival will begin on Friday in the Cửu Long (Mekong) River Delta City of Cần Thơ.

Leisure

Big Bangs theory: In Milan, Gucci goes back to the 80s
15:28 21/09/2017 Big Bangs theory: In Milan, Gucci goes back to the 80s

MILAN - Gucci’s Alessandro Michele unveiled on Wednesday a loud and proud ode to the 1980s on the opening day of the latest Milan Fashion Week, with big bangs, square suits and enough sequins to drown a disco.

Society

Party, parliament leaders donate to support storm victims
08:55 21/09/2017 Party, parliament leaders donate to support storm victims

Party and National Assembly leaders joined people nationwide in donating money for victims of storm Doksuri in the central region.

Sports

United, City into League Cup fourth round
15:28 21/09/2017 United, City into League Cup fourth round

LONDON - Marcus Rashford fired Manchester United into the League Cup fourth round as the holders crushed Burton 4-1, while Manchester City eased through with a 2-1 win at West Bromwich Albion on Wednesday.

World News

51 countries line up to sign UN treaty outlawing nuclear weapons
15:33 21/09/2017 51 countries line up to sign UN treaty outlawing nuclear weapons

As leaders formally signed on the sidelines of the annual UN General Assembly, Secretary-General Antonio Guterres hailed as historic the first multilateral disarmament treaty in more than two decades.

Your Consultant

SBV issues new regulations
13:41 17/09/2017 SBV issues new regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Viet Nam (SBV), require credit institutions and commercial banks in Viet Nam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.