Industry Reports

Vietnam Briefing Now Accessible in Mobile App

Free App Brings Vietnam Briefing to Your Fingertips

Dec. 16 – The brand new Asia Briefing mobile application brings the latest business news and foreign investment insights from Vietnam Briefing web site right to your fingertips.

The free app integrates with legal and tax regulatory updates from Dezan Shira & Associates, along with China, India, Russia, Mongolia Briefings, and 2point6billon.com (for emerging Asia). With hourly updates, it helps you stay on top of Asia’s dynamic investment environments. Continue reading →

Posted in Business, IT & Telecom | Tagged Asia Briefing Mobile App, Vietnam Briefing Android, Vietnam Briefing Blackberry, Vietnam Briefing iPad, Vietnam Briefing iPhone | Leave a comment

Real Estate Market Trends in Hanoi

Oct. 26 – Investor interest in Hanoi’s residential property has increased in recent years. With an average population growth rate of 5 percent a year coupled with a considerable area of vacant land, housing prices in Hanoi have been pushed up to levels that are higher than they should be. Selling prices of upmarket houses remain high while prices of average houses climbed 8.5 percent.

“The population in the next 15-20 years will grow constantly with middle-class people and medium-sized enterprises having the fastest growth rates,” according to Mr. Vu Xuan Thien, deputy director of the Housing and Real Estate Management Department. Continue reading →

Posted in Business, FDI and Foreign Trade, Hanoi, Real Estate | Tagged Hanoi, Hanoi Real Estate, Vietnam FDI, Vietnam Housing Market, Vietnam Real Estate | Leave a comment

Vietnam Introduces Favorable Policies for Supporting Industries

By Stefano Miggiano

Sept. 22 – On February 24, 2011, the Vietnamese government issued Decision No.12/2011/QT-TTg pursuant to the Prime Minister’s Decision No. 49 10/QT-TTg of July 19, 2010, approving the list of prioritized high technologies. The Decision took effect on April 15, 2011.

The new regulations aspire to encourage the development of the following industries: manufacturing mechanical engineering, electronics-informatics, manufacturing and assembly of automobiles, textile and garment, leather-footwear and high-tech industry development. Continue reading →

Posted in Automotive, Business, FDI and Foreign Trade, IT & Telecom, Legal and Regulatory, Manufacturing, Regulatory Update | Leave a comment

Growth in Vietnam’s Entertainment Sector Attracting Foreign Investors

An investor who visits the Megastar Cinema in Vincom City Tower in Hanoi will likely be met by large crowds. A visit to the West Lake, passing through the Ho Tay water park, will generate a similar experience.

By Jonathan Choppin

Jul. 12 – The entertainment industry in Vietnam is showing increasing potential and positive indicators like growing cinema audiences and an increasing number of karaoke venues, western-style bars and nightclubs. Much of this industry’s growth, which tripled in value between 2004 and 2009, can be attributed to the country’s stable economy. On the whole, the entertainment industry will play an important role in Vietnam’s economy through jump starting investment in infrastructure and providing sources of employment. Continue reading →

Posted in Business, FDI and Foreign Trade, Retail | Leave a comment

Goods Imported into Vietnam must Register Certificate of Origin

Jul. 5 – In an afternoon news conference on June 30, 2011, Deputy of Vietnam’s Ministry of Agriculture and Rural Development Diep Kinh Tan said Circular No. 13/2011/TT-BNNPTNT would guide the inspection of food safety resources and vegetable imports effective from July 01, 2011.

The Circular clarified that if the origin of plants and goods are not registered with authorities in Vietnam, they will not be allowed to be imported into the country. Goods imported into Vietnam must come from nations which the competent authorities in Vietnam recognize fully meet the requirements for food safety. Goods should also be packaged in the appropriate way, have secondary labeling in Vietnamese, or are labeled in Vietnamese and have been tested and certified as safe. Continue reading →

Posted in FDI and Foreign Trade, Legal and Regulatory, Shipping & Logistics | Leave a comment

Logistics Industry Outlines New Strategies to Catch Bigger Opportunities

Jun. 27 – The Vietnamese logistics market is still at a very early stage of development, so there are still various difficulties in this area. Nonetheless, the logistics industry is a huge contributor to the country’s gross domestic product. To increase development, logistic companies in the country are looking at new strategies and try to catch bigger opportunities in 2011.

The World Bank ranked Vietnam alongside China, India, Thailand, Uganda, the Philippines and South Africa as the fastest growing developing nations in terms of economy. Continue reading →

Posted in Business, FDI and Foreign Trade, Shipping & Logistics | Leave a comment

Vietnam Attracts Japanese Investors as Bilateral Relations Improve

Jun. 7 – On his recent trip to Japan, Vietnam’s Party Politburo member Truong Tan Sang commended Vietnam-Japan relations over the last 40 years while encouraging future high-level visits and the expansion of delegation exchanges because of the “Vietnam-Japan Friendship Year” coming in 2013.

In his conversation with Japanese Prime Minister Naoto Kan, Sang added that they will try to stimulate the “strategic partnership for peace and prosperity in Asia” between Vietnam and Japan. Also he offered his sympathies to the Japanese people because of the recent natural disasters and promised that Vietnam will support Japan as well as it can. Additionally, he hopes and expects that Japan continues to raise its ODA to Vietnam following the agreements signed during Prime Minister Kan’s visit to Vietnam last October. Continue reading →

Posted in Economy and Politics, FDI and Foreign Trade, Manufacturing, Markets | Leave a comment

Vietnam to Invest in Water-Related Infrastructure

Mar. 31 – Vietnam’s government aims to boost the nation’s shipping volume by more than 400 percent over the next 10 years by investing heavily in its ports.

The emergent Southeast Asian economy is channeling billions of dollars into building ports for container ships in a move to draw export-oriented industry from China. Continue reading →

Posted in Business, Economy and Politics, FDI and Foreign Trade, Ho Chi Minh City, Shipping & Logistics | Leave a comment

Higher Fuel Prices Proposed to Combat Smuggling

Mar. 24 – Oil companies and authorities in the southern provinces have recommended that fuel prices be raised in Vietnam to combat smuggling into neighboring Cambodia, where fuel is much more expensive.

The Ministry of Industry and Trade said A92 gasoline in Vietnam is VND19,300 per liter, while the price in Cambodia hovers around VND24,000. Continue reading →

Posted in Business, Legal and Regulatory, Oil & Petroleum | Leave a comment

Nokia to Build US$275.8 Million Facility in Vietnam

Mar. 4 – The Finnish multi-national communications corporation Nokia just announced its US$275.8 million investment plan to build up a new manufacturing plant in Vietnam’s Bac Ninh Province near Hanoi, hoping the new facility will “play a key role” to “connect the next billion to the web” via cell phones.

Nokia signed a Memorandum of Understanding (MoU) with Vietnam’s Ministry of Planning and Investment on March 2, with the agreement on an initial US$275.8 million investment and a massive investment following later on. Continue reading →

Posted in FDI and Foreign Trade, Featured, Hanoi, IT & Telecom | Leave a comment