Mar. 12 – Vietnam has issued revised regulations on its Population Ordinance that will allow exceptions to the two baby quota rule.
Families will be allowed to have three children in the following circumstances: if couples give birth to triplets or have a child and give birth to two or more babies during the second birth and those who give birth to a third child after a previous child died or was put given up for adoption. Read the rest of this entry »
Mar. 4 – The Ministry of Industry and Trade plans to limit car imports by implementing regulations that would help cut down its trade deficit.
The new restrictions will affect the importation of cars with less than 16 seats which make up majority of total cars imported from abroad and require that they pass quality tests by the authorities. Cars imported to the country will only be allowed to enter via the major seaports of Cai Lan, Quang Ninh, Haiphong, Danang, Ho Chi Minh City and Ba Ria-Vung Tau. Read the rest of this entry »
Jan. 11 – The highest bonus given during Tet Festival comes from a foreign hotel industry company in Ho Chi Minh City amounting to US$21,000, according to the city’s Department of Labor, War Invalids and Social Affairs.
The department based the information on an official list of compiled from reports submitted by almost 1,000 companies. The department refused to give the name of the hotel. The lowest Tet bonus in Vietnam’s financial capital amounts to US$56 given by a local company says Thanh Nien News. Read the rest of this entry »
Dec. 1 – Companies say they are expecting to give out higher bonuses for 2010 Tet Holidays compared to the previous year due to improving business says Vietnam Net.
The director of the Wage Department under Ministry of Labour, War Invalids and Social Affairs (MOLISA), Tong Thi Minh, said that there was no official information about businesses’ Tet bonus levels but she expects the 2010 Tet bonuses to be higher than the previous year. Read the rest of this entry »
By Joyce Roque
HANOI, Nov. 17 –Vietnam Briefing spoke with Robert Hughes, a principal at Tonkin Capital and a consultant for T&C Holding JSC. Hughes has been in Asia for 18 years taking top corporate posts in Hong Kong, Taiwan, Shanghai, Bangkok, Ho Chi Minh City and Hanoi, the place he now calls home. He is also the former managing director of VietJetAir, the country’s first fully private airlines.
The T&C Holding JSC is a Vietnam-based conglomerate company with businesses in infrastructure project engineering and construction, logistics, warehousing and distribution of consumer products and investment market research and consulting. Hughes spoke to Vietnam Briefing about the ongoing challenges of doing business in the country based on his own experiences as a consultant for T&C Holdings JSC. Read the rest of this entry »
By Joyce Roque
HANOI, Nov. 6 – The first thing you will remember on your drive out of Hanoi’s Noi Bai International Airport might also be the last thing you see as you leave the city – the motorcycles. The undulating wave of motorcycles that zip and turn to no apparent whim but its own. It is a scary experience at first but after a few hesitant tries and close calls of being inches away from a whizzing motorcycle, you will learn that the best way to work around it is to allow the motorcycles to react to you and not the other way around.
Despite Hanoi’s surrounding chaos, the city is thick with bohemian charm and atmosphere with its sprawling French-colonial architecture and vibrant art scene. The buildings are masked with whitewashed facades tinged with age and wooden shutters that let you imagine the days when colonialism was still considered romantic. Read the rest of this entry »
Jul. 27 – Vietnam has confirmed that it will invest a total of US$200 million for Cambodia’s airline and banking industry.
The national carrier, Cambodia Angkor Air, will be a joint venture between Vietnam and Cambodia. Vietnam has agreed to provide US$100 million that will be invested within 30 years.
“Vietnamese side has invested US$100 million capital in Cambodia Angkor air,” Sok An, deputy prime minister and minister in charge of the Council of Ministers, was quoted by Xinhua during the agreement’s signing ceremony overseen by Prime Minister Hun Senand visiting Vietnamese Deputy Prime Minister Truong Vinh Trong.
Jul. 24 – South Korea’s top retailer, Lotte, has confirmed that it will be expanding to the Vietnamese market when it opens its first branch in 2013.
The Lotte trade center will be located in Hanoi in partnership with the Coralis SA Company and spanning 65 floors. The building itself will cost an estimated US$280 million.
The Vietnamese branch will be its fourth one overseas after expanding in Russia and China. Lotte representative, Park Geum-soo, was quoted as saying by the Vietnam News Agency that the company will expedite penetration into emerging markets like Vietnam, Russia and India.
Jul. 22 – Vietnam’s Ministry of Transport has banned the Japanese firms, Taisei and Kajima, from construction projects in the country for a year because of the collapsed Can Tho Bridge that killed and injured many.
The head of the quality control department at the Ministry of Transport, Tran Quoc Viet, told Thanh Nien News by telephone that: “This is punishment to the Japanese companies for their involvement in the construction of the Can Tho Bridge that collapsed.”
The bridge was located 131 kilometers of Ho Chi Minh City and build over a river between Can Tho City and Vinh Long province. It collapsed in September 2007 and left more than 117 people seriously injured.
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