22:18 (GMT +7) - Tuesday 22/08/2017

EDITOR LETTER

   The official visits by Prime Minister Nguyen Xuan Phuc to the US and Japan in late May and early June were a success and helped Vietnam bolster its profile in the world and brought many economic benefits to businesses in Vietnam, the US, and Japan. US companies signed deals worth in excess of $8 billion with Vietnam, marking the beginning of a reformed trade relationship between the two countries. During the PM’s visit to Japan, meanwhile, ministries, agencies, and localities from the two countries signed 43 foreign direct investment (FDI) deals valued at over $22 billion. The government is clearly making every effort to create opportunities for the country’s business community and contributing to stabilizing the economy. 

   The National Assembly (NA) passed the Law on Supporting Small and Medium-Sized Enterprises (SMEs) last month, which will take effect from January 1, 2018 and be a new driver of business growth. There is, of course, a long way to go if we want Vietnamese SMEs to play a major role in the economy, but at least with the passage of this law, both the NA and the government are making efforts to create a legal framework for them to develop. 

   It is expected that opportunities for exports and investment expansion will continue to increase in the months and years to come. The latest report from the Foreign Investment Agency shows that FDI into Vietnam reached nearly $19.22 billion in the first six months of this year, an increase of 54.8 per cent compared to the same period last year and an encouraging sign.

   Vietnam’s economy is now moving into the second half of the year. And this is a good time to look back on a promising business field: real estate investment. In our Cover Story this month, we provide readers with a closer look at the real estate sector in general and high-end real estate in particular, to help them, real estate developers, and investors gain greater insights into the sector, which has been considered a “hot” market in Vietnam over recent years.

Editorial Staff

Professor Dao Nguyen Cat, Editor-in-chief

Ambassador Nguyen Phu Binh, Deputy Editor-in-Chief, Head of Department of International Publications

Mr Nguyen Quoc Uy, Deputy Editor-in-Chief, Head of Department of International Publications

Mr. Xuan Son, Managing Editor

Ms. Ta Thu Trang, Deputy Managing Editor

Mr. John Harding, English language Editor

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