Land law examiner

What have been some successful stories involving your members thus far in Vietnam? Tharabodee Serng-Adichaiwit, vice chairman of the Thai Chamber of Commerce in Vietnam Thailand has become the ninth-biggest foreign direct investment of Vietnam with nearly 690 projects and $13 billion so far. While Thai investment properly kicked off in the early 1990s here, Bangkok Bank started investment in Vietnam way back in 1961 with its first branch in the former Saigon. We believe that with the growing potential of Vietnam itself and our continuous promotion to Thai investors, one day Thai investment could enter the top five. This will also to help the two countries to achieve the bilateral trade goal of $25 billion by 2025, and ultimately bring our two countries closer in sub-regional, regional, and multinational cooperation. Most big Thai conglomerates already have a presence in Vietnam, such as C.P., SCG, Bangkok Bank, IVL, Red Bull, and more. Thai investment is also … [Read more...] about A land of promise for Thai investors

Hung Yen looks to become "promising land" for foreign investors (Photo: VNA) Hung Yen (VNA) – The northern province of Hung Yen has focused on creating a safe, effective and competitive investment environment to turn the locality into a “promising land” for enterprises, particularly foreign investors. Secretary of the provincial Party Committee Nguyen Huu Nghia affirmed that the province has set a goal to become an industrial hub and an attractive, safe, competent investment destination in its development strategy from now to 2023 with a vision to 2045. Hung Yen boasts a rich network of tangible and intangible cultural heritages and was once a major economic centre. Lastly, the province has an abundant, highly skilled, and hard-working workforce. Vietnam factory project in Thang Long Industrial Park II has the largest investment capital with 132 million USD. The factory specialises in producing LCD polarised films used for smartphones and cars, with a capacity of 176 … [Read more...] about Hung Yen looks to become “promising land” for foreign investors

Dutch competition watchdog ACM on Monday said it had rejected objections by Apple against fines of 50 million euros ($53 million) it gave the company over failure to comply with orders to limit the dominant position of Apple's App Store. The ACM said Apple has complied with most of its demands to open its App Store to alternative forms of payment for dating apps in the Netherlands, but had not met an undisclosed third element of the conditions related to the fines. The ACM in 2021 ruled that Apple violated Dutch competition laws in the dating app market and required Apple to allow developers of dating apps to use third-party payment processors. It fined Apple 5 million euros per week, eventually reaching 50 million euros during the period it failed to comply. Apple objected to these fines, saying that the regulator had incorrectly defined relevant markets and had overestimated the dominance of Apple's position in the dating app market. The regulator rejected all of Apple's … [Read more...] about Dutch regulator rejects Apple’s objections to fines

There are currently around 300 green buildings certified by standards such as Lotus, Edge, LEED, or Green Mark, Photo: shutterstock According to Douglas Lee Snyder, executive director of the Vietnam Green Building Council, from a legal perspective, realising both financial and non-financial incentives in Vietnam is a challenge. “Maybe we need to make inter-ministerial cooperation efforts to achieve the goals set by the government of Vietnam. For example, while public green buildings often lead the market in other countries, in Vietnam, cost norms per square metre regulated by the Ministry of Finance alone are not enough for one construction, but it needs collaboration from other related ministries,” Snyder told VIR. Meanwhile, Angus Liew, chairman of Gamuda Land Vietnam, said that the barriers involve technology, equipment, and even perceptions. “In addition, Vietnam’s government has become well aware of the repercussions and understands the importance of transforming its … [Read more...] about Task obvious for Vietnam’s green building development

How does the Commission for Management of State Capital at Enterprises (CMSC) extend support and critical advisements to the VIMC? Le Quang Trung, deputy general director of VIMC and vice chairman of the Vietnam Logistics Business Association The symbiotic association and support extended by CMSC to businesses, especially the VIMC, is immense and substantial. Every project we undertake, be it short-term or enduring, bears the unmistakable imprint of CMSC’s support, enabling us to overcome various challenges, notably during exceptional periods such as the recent pandemic. CMSC’s partnership has been crucial, aiding us in overcoming challenges related to capital mobilisation and ensuring the smooth implementation of projects. A notable instance is their contribution to the financial and operational restructuring project of SP-PSA, one of our crucial joint venture ports. With the indispensable support from CMSC, we were able to conduct successful negotiations with … [Read more...] about SOE issues can be solved with support

Chairman Tran Dinh Quyen with Acuity Funding president Ranjit Thambyrajah at September 25’s signing event On September 25, Australian Acuity Funding committed to invest $6.4 billion for Tin Thanh Group (TTG) to implement green projects. Accordingly, circa $1 billion will be used to develop four biomass power plants and thousands of hectares of sorghum cultivation in central and south of Vietnam. Around $1.7 billion will be set aside to build a tyre retread, tyre recycling and truck service plant in South Carolina over one million trucks in the United States with the goal of reducing emissions, saving costs, and transitioning to green energy. TTG has been granted land and support from the state of South Carolina with huge incentives over $500 million. The remaining $3.7 billion in funding will go towards building a green hydrogen manufacturing facility in the same state. According to chairman and CEO of TTG Tran Dinh Quyen, the company’s strategy is to become a … [Read more...] about TTG steps up green energy and emission cut ambitions

Over the past time, Tien Giang has kept close control of the fleet of fishing boats. (Photo: VNA) Tien Giang (VNA) – The People’s Committee of the Mekong Delta province of Tien Giang has instructed relevant departments and agencies to deal with shortcomings in the fight against illegal, unreported, and unregulated (IUU) fishing based on recommendations by the Ministry of Agriculture and Rural Development. The locality said it will quickly investigate, verify and handle any case of brokering and facilitating illegal operations in foreign waters by local fishing vessels and fishermen. The move is in anticipation of the fourth inspection by the EC delegation over Vietnam's efforts to combat IUU fishing from October 10-18. Over the past time, Tien Giang has kept close control of the fleet of fishing boats, including the total number of vessels, their registration, operational licences, installation of the Vessel Monitoring System (VMS), and information updates on the … [Read more...] about Tien Giang working to handle shortcomings in IUU fishing

The Ho Chi Minh City transport authority will inspect the compliance of Thanh Buoi Bus Company with regulations on providing transport services using passenger buses on Thursday this week, just a few days after a fatal crash between a Thanh Buoi sleeper bus and a 16-seater car killed five people and injured four. Aside from Thanh Buoi, two other passenger transport businesses, namely Thien Y and Hoa Hao, will undergo the inspection, the municipal Department of Transport said on Monday. The department earlier formed an inspection team on September 12 to check the three businesses’ compliance with the said regulations, as they were found to have flouted the law multiple times. The inspection, initially slated to take place from October 15 to November 15, was rescheduled to Thursday this week as required by the prime minister following the deadly crash involving a Thanh Buoi sleeper bus. The fatal collision occurred on the National Highway 20 section passing through Dong Nai … [Read more...] about Vietnamese long-haul bus company to face inspection following deadly crash