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 »
Feb. 1 – The Vietnam Chamber of Commerce and Industry and the U.S. Agency for International Development’s Vietnam Competitiveness Initiative have recently released a report ranking the competitiveness of each province in the country in 2009.
The index is useful for investors looking at entering Vietnam because it gives a comprehensive look of the country’s 63 provinces and more importantly gets into the details of why certain provinces have better economic growth than others. Read the rest of this entry »
Jan. 15 – Danang topped the Vietnam Chamber of Commerce and Industry’s 2009 provincial competitiveness index (PCI) ranking followed by Binh Duong Province in the south.
This is the second consecutive year that Danang finished first place in the index. Vietnam’s northeast Lao Cai Province ranked higher than Vinh Phuc Province to be included in the top three localities with favorable business conditions. Read the rest of this entry »
Dec. 18 – Cambodia and Vietnam have agreed to a treaty that will open Mekong waterways to increases trade and tourism.
The Treaty on Waterway Transportation legally binds Cambodia and Vietnam to reducing the official restrictions that have existed for cross-border navigation, according to the the Mekong River Commission. Read the rest of this entry »
Dec. 9 – The central coast city of Danang’s tourism property segment is emerging said real estate company Savills Vietnam.
Savills said that projects for villas are emerging quickly in the area with developments along the Son Tra-Dien Ngoc coastal road from Danang to Hoi An to be finished in a few years time. Read the rest of this entry »
Oct. 13 – Danang Port in Central Vietnam has opened a new domestic container sea route for the shipment of consumer goods, food products and construction materials destined for the local market.
This will help establish a trade route that links Ho Chi Minh City to Danang to the Hai Phong Ports. The new route is ideal for its safety, low freight and open storage costs. Nhan Dan reports that it will also help ease the transportation of goods on already overloaded roads.
Sept. 22 – The new issue of Vietnam Briefing magazine is out now and available for download (click on the image – complimentary subscription required).
Set up to cater to industrial manufacturing, Vietnam’s industrial zones provide foreign investors with incentives and preferential policies not found in other parts of the country. It is these policies that can make investing in the country advantageous for those looking for inexpensive manufacturing locations in Asia. We provide a run-down of investment incentives for foreign investors in these zones, and then take an in-depth look at four important areas of Vietnam and the investment zones present there. These areas include Haiphong, Northern Vietnam’s only large deep-water port, Danang in Central Vietnam, Ba Ria-Vung Tau in Southern Vietnam, and Ho Chi Minh City, the commercial center of the country. Read the rest of this entry »
Jul. 15 – Can Tho City located in Vietnam’s Mekong Delta registered the fastest growth in gross domestic product (GDP) at 7.8 percent followed by Haiphong with 5.8 percent; Danang with 5.1 percent; and Ho Chi Minh City with 4.6 percent for the first half of the year.
Hanoi was at fifth place with a GDP growth of 4.1 percent, according to the Vietnam News Agency. Hanoi’s GDP is estimated to grow at 5.5-6 percent this year, lower than the annual target of 9.5-10 percent, deputy chairman Phi Thai Binh of the Hanoi People’s Committee told Thanh Nien News.
The country’s top cities have been affected by the global financial crisis with the exports industry being the hardest hit of them all. Read the rest of this entry »
HO CHI MINH, Jul. 14 – Despite being offered on a trial basis in Ho Chi Minh City and Hai Phong since 2005, the e-customs clearance service is still bogged by inefficiencies and delays.
City customs departments are ill-equipped to handle the surge of applications because of insufficient bandwidth capacity sometimes aggravated by the country’s slow internet connection.
Local businesses using the service told Thanh Nien News that service has not cut processing time but even added to their workload, moreover, the clearance process still requires paperwork to be filled out. Read the rest of this entry »
Jun. 11 – Direct overland shipments between Vietnam and Thailand are now possible through a regional customs transit system that eliminates the need for re-loading in Lao PDR.
The direct route along the East-West Economic Corridor begins from Danang, Vietnam, passing through Savannakhet, Lao PDR then on to Thailand. This is the first time that commercial trucks from Thailand and Vietnam can enter each others’ territory directly to deliver and pick up trade goods.
The regional customs transit system allows for single-window and single-stop border inspections that will cut overland transport time and increase trade and tourism.
“Ten years after Laos, Thailand and Vietnam first agreed to ease cross-border traffic rules, the promise of that agreement is truly being realized,” said Arjun Thapan, Director General of Asian Development Bank’s (ADB) Southeast Asia Department in a statement.
Read the rest of this entry »
