Vietnam’s Investment Law, which was introduced to encourage investment into the country, has since incurred a series of backlash from various parties, with the main bugbear being that the Law contradicts and overlaps other business-related laws, resulting in confusion and delays.
A report by the Business Information Center at the Vietnam Chamber of Commerce said that ambiguities in the Law are easily exposed, and it conflicts with other related laws such as the Land Law, the Environmental Law and the Construction Law.
Penang’s Chief Minister Lim Guan Eng has invited Singapore and international investors to help build and develop some of the island’s landmarks projects and historical sites.
Thailand’s airport authority has opted to grant the rights to build and operate the proposed private jet terminals in Phuket and Chiang Mai to the private sector and will be releasing the terms of reference for interested bidders in mid-August.
Malaysia's e-commerce industry is expected to grow by 32 per cent this year to US$29.24 billion, up from US$22.15 billion in 2009, said Wei Chuan Beng, chairman of the National ICT Association of Malaysia.
Thailand’s Deputy Prime Minister Trairong Suwanakhiri has labelled the existing 18-year-old Public-Private Joint-Venture Act incompatible with the changing market conditions and revealed that the country’s finance ministry is amending the existing legislation to enable greater private participation in state projects.
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