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. 21- A US$1 billion Vietnam-Singapore Industrial Park has just opened in the northern city of Haiphong.
This is the third industrial park of its kind spearheaded by the Singapore and Vietnam government. The 1,600-hectare park is located in Vietnam’s third largest city, 100 kilometers from Hanoi with easy access to the region’s largest seaport, Haiphong Port. 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 »
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 »
Sept. 14 – The World Bank has announced that it will provide a US$160 million no-interest credit for urban upgrade projects in the cities of Can Tho, Haiphong, Ho Chi Minh and the Nam Dinh Province.
According to Nhan Dan, the extended credit will answer the financing gap that resulted from high levels of inflation in 2007-2008. The money will develop the poor areas located in the Tan Hoa-Lo Gom Canal in In Ho Chi Minh City.
The World Bank had already contributed US$225.5 million since the US$417.5 million urban upgrade project began in 2004 with the goal of cutting hunger and poverty and more importantly improving infrastructure and providing housing. 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 »
May 13 – General Electric has begun building a US$61-million manufacturing plant in Haiphong City.
The plant, located 100 kilometers east of Hanoi in the Red River Delta, will be making components for other GE manufacturing and service facilities around the world while also providing installation, maintenance and repair services for the components.
Apr. 21 – The Vietnamese Government is promising better conditions for Chinese investors looking into doing business in the country.
Prime Minister Nguyen Tan Dung said the statement during a Vietnam-China Business Forum held in Guangzhou city, adding that Chinese-invested projects in the country were going smoothly.
A reported 600 Chinese-invested projects are now in Vietnam with a capitalized value of US$2 billion, not including investment coming from Hong Kong and Macau.
Read the rest of this entry »
Dec. 18 – South Korea's top retailer, Lotte Mart, said it would invest US$5 billion in the next 15 years to develop a chain of 30 shopping malls in Vietnam.
The company's first outlet opened in Ho Chi Minh City last Wednesday spanning 31,000 square meters making it the largest mall in the country.
Lee Sang Woo, general director of the Lotte Vietnam Shopping Company, told Xinhua that Lotte Mart would develop a chain of 15 shopping malls in Ho Chi Minh and 15 more malls in the cities of Hanoi, Haiphong, Danangand Can Tho.
Read the rest of this entry »
