Foreign currency lending abolished – impact on enterprises
Enterprises can borrow money in Vietnamese dong (VND) and then purchase foreign currency for payment when they need the capital to import input materials, say commercial banks.
Message From The Chair – July 2019
What a celebration! AmCham Vietnam and over 900 of its members and guests kicked off the month with our signature “4th of July” holiday all-day celebration. Thanks to the great support from over 100 sponsors, our 25th annual US Independence Day Celebration & Family Picnic was great success. All aspects of the day contributed to the real feeling of
Reflecting on 25 years of US relations
Vietnam and the United States have been boosting their multi-faceted bilateral ties over the past decades. US Ambassador to Vietnam Daniel Kritenbrink writes about the thriving bilateral trade and investment and the potential for room to grow as both nations reach the 25th anniversary of diplomatic ties.
Regional minimum wage may increase by 5.5 per cent in 2020
Once the government approves the National Wage Council’s proposal, the regional minimum wage will increase by 5.5 per cent in 2020, lower than the last two revisions.
Sumitomo invests in logistics as production shifts to Vietnam
Jul 8, 2019. Japanese trading company Sumitomo has invested in a major Vietnamese port operator, Gemadept, aiming to seize growing demand for logistics services as manufacturers shift production to Vietnam amid the yearlong U.S.-China trade war. Sumitomo teamed up with compatriot logistics company Suzuyo and a Japanese public-private fund specializing in infrastructure investment to take a 10% interest
Credit growth expanded 7.33 percent in H1
The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.
US mega-tourism project underscores US relations
This year marks a quarter of a century since US president Bill Clinton lifted the country’s trade embargo on Vietnam. The US has since become Vietnam’s leading trade partner, making trade promotion activities an ongoing point of interest for the business community. To celebrate this special year of the relationship, Michael Kelly, executive chairman of the Grand Ho Tram Strip, the largest Vietnamese tourism venture that the US has ever invested in, talked to VIR’s Hoang Anh about this.
FAQ How do we find information about companies in Vietnam?
Q: “We )would like to find out whether some of the companies who have approached us are reputable and compliant enough with the rules and regulations of the US.”
Official lauds Vietnam Business Forum’s contributions to nation
Head of the Party Central Committee’s Economic Commission Nguyen Van Binh has lauded Vietnam Business Forum (VBF) for its contributions to Vietnam, especially policy recommendations and sharing of experience in economic development and energy in particular.
G20 praises Vietnamese proposals
Vietnam presented some notable initiatives at the G20 Osaka Summit in Japan, receiving high commendation from the international community.
25th Annual AmCham U.S. Independence Day – Raffle Prizes Winners
Congratulations to raffle prize winners, and thanks to sponsors!! Please pick up your prizes at the AmCham Office before July 31, 2019. Your wining raffle ticket stub is requested upon receiving prize. Raffle Prizes: pick up at AmCham Office before Jul 31 Premier Residences Phu Quoc Emerald Bay Two-night stay in a Standard Room
9 companies launch Packaging Recycling Organisation Vietnam
PRO Vietnam seeks to help create to a clean, green and beautiful country by driving the circular economy and making recycling of packaging more accessible and sustainable.