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Saturday, February 11, 2012




Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



HO CHI MINH STOCK INDEX (VNINDEX:IND)


HO CHI MINH STOCK INDEX


Business License Issuance Delayed in Congested Areas of HCMC

Nov. 5 – The government has opted to temporarily suspend issuing business licenses to congested areas in Ho Chi Minh City as a way to alleviate worsening traffic.

Businesses that attract crowds like supermarkets and foreign language centers will be restricted as well as possibly wedding service providers. In addition, parking in traffic prone areas will also be prohibited.Thanh Nien News reports that authorities have already instructed agencies to list areas that are prone to traffic jams as a guide for the city’s Department of Planning and Investment when granting licenses.

Ho Chi Minh traffic is notorious for being the worse in the country. During rush hour traffic, a typical 15 minute taxi ride to the airport can stretch to 2 hours on bad days.  It is then advisable to hire a motorbike instead to beat rush hour traffic.

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This entry was posted in Economy and Politics, FDI and Foreign Trade, Ho Chi Minh City, Retail. Bookmark the permalink.

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