Hanoi

More Labor Inspections Slated for Hanoi Industrial Parks

HANOI, Apr.8 – Local authorities will soon conduct more labor inspections in Hanoi’s industrial parks after a series of worker strikes.

In March, 60 Vietnamese workers from Endo Stainless Steel went on strike demanding more pay, subsidies and decreased working hours. “We will launch many inspections of enterprises following signals that workers’ interests have been violated at Endo Stainless Steel Vietnam,” Ngo Chi Hung, vice head of Hanoi Industrial Park and Processing Zone Authority, which manages 18 industrial parks, told Vietnam Investment Review. Continue reading →

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Northern Thai Nguyen Province to Become Major Manufacturing Hub

Mar. 10 – Northern Thai Nguyen Province is being groomed to become a major metallurgy, mechanical manufacturing and precision engineering hub in the country.

Thai Nguyen is a small province bordering the capital city of Hanoi and serves as a gateway to the Red River delta with its network of road, rail and waterways systems. “Vietnam’s mechanical engineering remains undeveloped and that is why we should mobilize domestic and international resources to make metallurgy a vital industry for Thai Nguyen and the nation,” President Nguyen Minh Triet said during a visit to the province this week. Continue reading →

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Shaping Hanoi

Photo: stefan77dd/Flickr By Joyce Roque

HANOI, Mar. 5 – As the government prepares to celebrate Hanoi’s 1,000 year anniversary in October, plans to slowly expand the capital city have already begun since 2008.

Hanoi’s limits will stretch to include adjacent provinces to make more space for national projects in the capital city. The expansion has already absorbed the provinces of Hatay, Hoa Binh or Vinh Phuc; making the old Hanoi with its crawling French colonial architecture the center of the new expanded city. Continue reading →

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Vietnam to Limit Car Imports

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. Continue reading →

Posted in Automotive, Culture and History, Danang, Economy and Politics, FDI and Foreign Trade, Haiphong, Hanoi, Ho Chi Minh City | Leave a comment

Hanoi Industrial Parks Attract US$4.14 Billion Worth of Investments

Feb. 9 – According to the Authority for Hanoi Industrial and Export Processing Zones, the city has so far attracted US$4.14 billion worth of projects in its industrial parks.

Of the total 508 licensed projects, 240 are domestic projects worth US$3.533 billion while the rest is composed of 268 foreign-invested projects. In 2009, the IPs were able to sign in US$130.79 million of projects, including US$91.4 million of foreign direct investment. Continue reading →

Posted in Business, Economy and Politics, FDI and Foreign Trade, Hanoi, IT & Telecom, Manufacturing, Retail, Shipping & Logistics | Leave a comment

Hanoi to Host First International Fair for Trade,Investment

HANOI, Feb. 4 – The city will host the first International Fair for Investment and Trade from February 5 to 7 in My Dinh Sport Complex to facilitate investment, exports, brand advertising and franchising deals between foreign and local businesses.

The event was organized by Hanoi’s Association for Vietnamese Overseas, the Hanoi Business Association, the Vietnam Chamber of Commerce and Industry and Vietnam Television. It will feature 500 booths showcasing various products and services as part of an international trade and investment promotion program to benefit the domestic market. Continue reading →

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Hanoi Industrial Parks Target US$180 Million Projects for 2010

HANOI, Jan. 27 – Authorities want to target US$180 million worth of new investment projects for 2010, an increase of 37.62 percent compared to the previous year.

Last year, 16 local projects worth VND728 billion and 27 foreign direct investment projects capitalized at US$91.4 million were approved in Hanoi. The city now has a total of 14 industrial parks, behind Dong Nai with 28, Binh Duong with 21 and Ho Chi Minh City with 17. Continue reading →

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Vietnam-Singapore Industrial Park Opens in Haiphong

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. Continue reading →

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New Requirements for Permanent Residency in Hanoi

Jan. 19 – A new draft of the Capital Law will place stricter requirements for foreigners applying for permanent residency in Hanoi.

Applicants will need to show proof of holding a legal job with a salary double the city’s average minimum in addition to maintaining temporary residency in city continuously for at least five years instead of just one year previously. Continue reading →

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Danang Tops Provincial Competitive Index

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. Continue reading →