FIEs to hit bourse

Foreign invested enterprises (FIEs) can now float their shares on the bourse, but they will not be permitted to release 100 per cent of shares on the market, according to a new guiding circular released by the State Securities Commission (SSC) last week.
firms torpedo states ambitious bourse target

Firms torpedo state’s ambitious bourse target

The government’s ambitious target of listing more than 100 firms on the bourse this year may slip out of reach, despite the Hanoi Securities Trading Centre listing its first enterprises last week.

Cigarette profits to go up in smoke

Cigarette makers are facing watching their profit margins go up in smoke as two new regulations designed to cut down on smoking start to bite within the next year.

Foreign auto makers drive into Vietnam

The government has given the green light to Vietnam Manufacturing and Export Processing Co., Ltd (VMEP) to begin manufacturing automobiles, making it the third foreign-invested firm to receive permission to do so this year.

Lacklustre debut for bonds sale

Bonds trading at the new Hanoi Securities Trading Centre (HSTC) made an inauspicious debut last week.
big players out to score with new card

Big players out to score with new card

Three big market players last week made a major pitch for business in Vietnam’s infant credit card market.
power hope for foreigners

Power hope for foreigners

Foreigners in Vietnam are banking on the government to approve a plan to remove the electricity industry’s two-tiered pricing system, a scheme that offers Vietnamese nationals lower rates than their foreign counterparts.
mofs scheme aims to slash land use costs

MoF’s scheme aims to slash land use costs

The Ministry of Finance has issued a new scheme designed to lighten the financial burden on foreign investors using land for construction or other activities in Vietnam.

Foreigners eye bigger SOE stake

Foreign investors may have the opportunity to buy state-owned enterprises (SOEs) under a proposed government move to accelerate SOE restructuring.

SOEs lack real ambition: study

State-owned enterprises are performing below expectations because they have no incentive to improve on mediocre results, a recent study has concluded.

MoF hope talks will initiate the end to garment quotas

Negotiations with the EU and US to lift garment export quotas will be intensified following last week’s Ministry of Finance (MoF) decision to reduce quota expenses for domestic producers.

Airport billboards to be pulled down as dispute reaches climax

The long-running dispute over outdoor advertising billboards around the T1 Terminal of Noi Bai International Airport came to a head last week with a government decision requiring several billboards to be pulled down.

Vinacoal drives on with $100m vehicle venture

State coal company Vinacoal is to begin a $100-million project to produce and assemble heavy trucks and specialised vehicles by the end of this year.

Import tariffs cut ties to fixed prices

Import tariffs will no longer be calculated according to fixed commodity prices set by the tax authorities – known as the minimum price table – following a decision last week by the Ministry of Finance.

MoF, GDT revise derivatives tax

The Ministry of Finance (MoF) is gearing up to resolve its tax incentives’ policy on interest rate swaps and foreign exchange options in a bid to stimulate the development of such banking derivatives in the economy.