The Ministry of Planning and Investment (MPI) has suggested stopping mining operations at Thach Khe, the biggest iron ore operation in SE Asia, but the Ministry of Industry and Trade (MOIT), Vinacomin and Thach Khe Iron JSC (TIC) have disagreed about the plan.
Investors are seeking alternative opportunities in central coastal cities like Danang and Nha Trang, given the high property prices in Hanoi and Ho Chi Minh City. In anticipation of the trend, foreign developers with strong financial capacity have ramped up acquisitions or have been partnering with local developers to scale up projects there.
The national one-door customs mechanism, first introduced in 2011, has considerably reduced time spent on customs procedures and facilitated import and export activities. This forms an important premise for Viet Nam as it develops its National Single Window (NSW) that will have to integrate with the ASEAN Single Window (ASW).