VET Exclusive
Hyundai maintains lead in 2021 auto sales
Top 5 unchanged from 2020, but in different order.
Investment
Feasibility study on way for expressway in Dong Thap
The Ministry of Transport (MoT) has assigned the My Thuan project management board to prepare a feasibility study on the construction of the first phase of the My An - Cao Lanh Expressway in the Mekong Delta’s Dong Thap province. The project is 26 km in length, with total investment of more than VND4.77 trillion ($208.6 million).
Business
Better days ahead for labor market
According to the Ministry of Labor, Invalids and Social Affairs (MoLISA), Vietnam’s labor market will see positive signs in 2022 despite the impact of the pandemic, especially in the first quarter, when businesses promote production and other activities to complete orders for the Lunar New Year (Tet) holiday.
Banking & Finance
SBV to keep tight control over credit
The State Bank of Vietnam (SBV) will continue to restructure the network of credit institutions and keep credit conditions tight, strictly controlling loans for risky endeavors such as real estate, securities, build-operate-transfer (BOT) projects, and corporate bonds. It will also focus on promoting digital transformation and non-cash payments and perfecting documents on banking activities.
Property
Ba Ria-Vung Tau looks to urban areas
According to the land use orientation adopted by southern Ba Ria-Vung Tau province, the total space for urban area development is expected to be about 90,000 ha by 2050. The orientation will comply with sustainable development requirements and exploit the production capacity of key economic sectors.
Business
More flights to take to the skies
The Civil Aviation Authority of Vietnam (CAAV) has officially increased flight frequency on certain international routes and is closely monitoring the situation with a view to actively increasing domestic flights when many routes post occupancy rates of up to 90 per cent as Tet approaches.
Property
Savills & YSL Group to cooperate in Vinh Phuc industrial park project
Savills Vietnam and the YSL Group have signed an agreement on the Nam Binh Xuyen Green Park project in northern Vinh Phuc province. The industrial park project has an area of 295 ha and will come into operation in the second quarter of 2023. It is expected to attract investors in high value-added fields such as electronic components and data centers, bringing a smart and modern ecosystem.
VET Exclusive
Vietnam Today
More policies needed for economic recovery and development
Vietnam’s macroeconomic situation in 2021 saw many positive results, laying an important foundation for economic growth in 2022. However, with many difficulties still in place, it is necessary to adopt more suitable policies and measures to support businesses and individuals in order to recover and sustainably develop the economy this year.
Investment
Feasibility study on way for expressway in Dong Thap
The Ministry of Transport (MoT) has assigned the My Thuan project management board to prepare a feasibility study on the construction of the first phase of the My An - Cao Lanh Expressway in the Mekong Delta’s Dong Thap province. The project is 26 km in length, with total investment of more than VND4.77 trillion ($208.6 million).
Banking & Finance
SBV to keep tight control over credit
The State Bank of Vietnam (SBV) will continue to restructure the network of credit institutions and keep credit conditions tight, strictly controlling loans for risky endeavors such as real estate, securities, build-operate-transfer (BOT) projects, and corporate bonds. It will also focus on promoting digital transformation and non-cash payments and perfecting documents on banking activities.
Business
Better days ahead for labor market
According to the Ministry of Labor, Invalids and Social Affairs (MoLISA), Vietnam’s labor market will see positive signs in 2022 despite the impact of the pandemic, especially in the first quarter, when businesses promote production and other activities to complete orders for the Lunar New Year (Tet) holiday.
Scrap imports require environmental protection deposit
From mid-January, enterprises wanting to import scrap from overseas as raw materials must make an environmental protection deposit, in order to ensure responsibility is taken for handling the risk of environmental pollution that may arise from such shipments.
Society
PM seeks speeding up of vaccinations
Prime Minister Pham Minh Chinh has signed an Official Letter on speeding up vaccinations and stepping up the implementation of Covid-19 prevention measures, asking the Ministry of Health to ensure sufficient vaccines and drugs are available and to continue to learn from international experience and consult with experts.
