A batch of major banks in Vietnam face gaps in succeeding with attempts to gain Basel II standard status. Photo: Le Toan Vietnamese lenders will likely run into choppy waters in raising external capital. They have a 30 per cent foreign ownership limit, which constrains efforts to raise equity from overseas investors and makes them reliant on capital issuance in the shallow local market. … [Read more...] about Foreign fix to banks’ capitalisation ails
Controlled foreign corporation tax
The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
In the north of the country, costs range from $110-250 per square metre, while it can be $70-130 in Haiphong and Bac Ninh, or $60-90 in Hai Duong and Hung Yen. In the south, the price ranges between $145 and $300 per sq.m in Ho Chi Minh City, $100-190 in Long An, $70-150 in Binh Duong, $80-160 in Dong Nai, and $40-140 in Ba Ria-Vung Tau, according to CBRE Vietnam. … [Read more...] about Rising lease rates could discourage relocation spirit
How can the wave of foreign investment relocation impact the Vietnamese industries? The restructuring of supply chains after the trade war and COVID-19 increases the demand on a local developing supporting industry, logistics, and more. So it is necessary to accelerate the growth of local businesses, and improve products’ quality to meet the conditions of foreign investors’ supply chains. Besides tax incentives in the amended Law on Investment, the Foreign Investment Agency will build special incentives for foreign investors to help local companies join their supply chains. … [Read more...] about An abundance of advantages to diversify ops into Vietnam
Meanwhile, IMP is facing risk of acquisition. At present, Vinapharm is the biggest shareholder of IMP with 22.8 per cent, while the total stakeholding of IMP leadership is just 3.1 per cent, resulting in an insufficient veto vote of at least 36 per cent, thus increasing the chances of being acquired. … [Read more...] about Ups and downs in pharma industry due to crucial supply chain hiccups