Foreign investment review agency

Under the current regulations, Khuong said, most M&A transactions in Vietnam need to be approved by authorized agencies, which can take up to several months. Especially when the deal involves conditional business, the time of waiting will even be longer as it is carried out by many different agencies. … [Read more...] about Fine-tuned policies needed to unleash foreign investment in Vietnam’s M&A market

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan receives Mr. Stefan Czucz, General Director of CZ Slovakia Company. Photo: hcmcpv.org.vn With the real estate experience, CZ Slovakia will have many investment opportunities in the city’s housing with its population growth in around one million every five years. … [Read more...] about Slovakia looks for real estate investment opportunities in HCM City

Jakarta (VNA) – Indonesia's foreign debt was recorded at 404.3 billion USD at the end of the fourth quarter last year, comprising public debt (government and central bank) of 202.9 billion USD, and private debt, including state-owned enterprises, of 201.4 billion USD. Indonesia’s foreign debt decelerated to 7.7 percent year-on-year (yoy), from 10.4 percent yoy in the previous quarter, according to the Bank Indonesia (BI). The government’s foreign debt totalled 199.9 billion USD in the fourth quarter of 2019, up 10.3 percent yoy. The growth was supported by an influx of foreign capital to the domestic government securities market and the issuance of dual currency global bonds, specifically in the Euro and US dollar. These conditions mirrored solid investor confidence in Indonesia’s economic outlook and attractive financial markets, as well as less uncertainty in global financial markets. The largest portion of the government’s foreign debt was directed … [Read more...] about Indonesia’s foreign debt growth slows in Q4 last year

Hanoi (VNA) - The Philippines is hoping to reach its target of 8.2 million foreign tourist arrivals in 2019, one million higher than the figure in 2018. The Philippine Department of Tourism (DOT) reported on September 6 that the number of foreign tourists to the country in the first seven months this year was around 4.85 million, a 12.4 percent increase over the same period last year. The Republic of Korea remained the top foreign tourist market with 1,113,274 arrivals, followed by China with 1,038,409. The US came third with 663,116 arrivals, while Japan ranked the fourth with 382,634 visitors. The department attributed the continued upsurge to the sustained support from industry stakeholders, government, host communities, investors and foreign travel trade counterparts. The tourism industry created 5.4 million jobs in 2018 and contributed 12.7 percent or 2.2 trillion pesos (41.96 billion USD) to the Philippines’ gross domestic product (GDP).-VNA … [Read more...] about Philippines expects to attract 8.2 million foreign tourists in 2019

Singapore (VNA) – The total number of international tourists to the Philippines in 2019 increased 15.24 percent year-on-year to hit record 8.26 million, surpassing the set target, the Philippine Department of Tourism (DOT) said on February 17. Almost all months, except January, registered double digit growth rates, the strongest of which was August at 27.54 percent while December recorded the highest number of foreign arrivals at nearly 776,800, the ministry added. Those from the Republic of Korea (RoK) are still the top tourists of the country with a total of 1.98 million or a 22.48 percent growth. China was hailed the second top source market with 1.74 million visitors or a 38.58-percent increase. The US comes third with 1.06 million arrivals, followed by Japan with 682,788. Australia, Canada, the UK, Singapore, Malaysia, India and Germany also sent large numbers of holidaymakers to the Philippines in the year. Last April, the DOT launched a tourism campaign with … [Read more...] about Foreign tourists to Philippines up 15 percent in 2019, exceeding target