The central Quang Tri Province intends to request a total investment of VND87 trillion (nearly US$4 billion) in its 18 projects in key sectors at an investment promotion conference in November.
Vietnam is expected to be the best performing real estate market in Southeast Asia in 2016 due to an easing of foreign ownership rules, experts have said.
Foreign investors have been flocking to Vietnam in recent years. Close to global supply chains, the country is seen as an attractive alternative to manufacturing in China, where wages are on the rise.
On September 14 2015, the Vietnamese Government issued Decree No. 78/2013/ND-CP ("Decree No. 78"), guiding the 2014 Enterprise Law
Economies across all income-groups carried out reforms, with Vietnam (5 reforms), Hong Kong SAR, China (4), and Indonesia (3) leading the way, according to the World Bank ‘Doing Business 2016′.
ASEAN investors had registered a total of over US$16.6 billion in property projects in Vietnam as of June with Singapore firms accounting for 60%.
The process of moving capital, existing potential and the pressure of reforms are identified as favorable conditions for Vietnam to become the world’s new factory.
The Asean Economic Community (AEC) may not meet its deadline for full integration by December this year.
The EU and Vietnam are moving toward a stronger partnership.
The government of Vietnam has announced a new decree which for the first time will allow private and foreign investors to provide certain services at Vietnamese airports, Thanh Nien News reported.
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