Vietnam’s investment abroad on the rise
Total Vietnamese investment abroad this year is expected to reach US$300 million, according to economic experts. Many large- scale investment projects are in the appraisal process, including the US$270 million Sekaman 3 hydro-electric power plant and a US$25-million ruber plantation project in Laos.
Finance Ministry proposes to tariff cuts for 30 Thai products
The Finance Ministry has submitted to the Prime Minister a draft decree allowing tax reductions ranging from 5-10 percent for 36 products from Thailand from April 1, ahead of the deadline for the implementation of the Common Effective Preferential Tariffs (CEPT) scheme among ASEAN countries.
Ha Noi stock exchange opens
The Hanoi Securities Trading Center (HASTC), Viet Nam’s second stock exchange, opened yesterday in an event that leaders hope will help Viet Nam’s transition into a market economy.