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On January 28, 2022, the Government issued Decree 15/2022/ND-CP stipulating the policy of tax exemption and reduction according to Resolution 43/2022/QH15 of the National Assembly, thereby guiding the reduction of Value Added Tax. (Hereinafter referred to as VAT) from 10% to 8% from February 1, 2022.
The fourth wave of Covid -19 epidemic heavily damaged the economic and social; however, Vietnam is still achieved and exceed a a number of economics targets. GDP growth was 2.58%, import and export reached the recored number of USD 669.5 billion (exported surplus about USD 4 billion), an increase 22.6% compared to the previous year, which push Vietnam into group of 20 leading economies about international commerce. Attracting foreign direct investment (FDI) got 31.35 USD billion, increased more than USD 9.2 billion compared to 2020.
Vietnam continues to be an attractive destination for industrial real estate investors as the growth rate is stable, free trade agreements increase along with the young workforce, investment incentive policies and strategic geographical location.
It is expected that immediately after the Lunar New Year, Vietnam Airports Corporation (ACV) will implement the construction of some key items of Long Thanh Airport (Dong Nai).
Located in the southern key economic zone, with the Cai Mep-Thi Vai deep-water port system, Ba Ria-Vung Tau province has all the advantages to develop into a regional logistics center. Recognizing that importance, Ba Ria-Vung Tau province has concentrated resources, set aside a land fund, and invited reputable, experienced and potential investors to invest in this crucial field.
On December 17, the project of Polypropylene (PP) factory and Hyosung LPG underground storage facility in Cai Mep - Thi Vai area, Phu My town, Ba Ria - Vung Tau province was inaugurated. This is one of the typical projects of the province to celebrate the 30th anniversary of the province's establishment.
Although Vietnam, especially Ho Chi Minh City and the Southern region, has been hit by the epidemic and has had to apply prolonged social distancing. However, despite the pandemic, the performance indicators collected in the first 9 months of 2021 are more positive than the same period last year, and many trends in the industrial real estate segment will have the opportunity to break through in 2022.
More than 4.4 km long, with 4 lanes, Phuoc Hoa - Cai Mep road has been completed and opened to traffic, finally. The project has Mo Nhat bridge spanning the river of the same name with a length of 696 m, a bridge cross section of 20 m, including four lanes.