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Saturday, February 4, 2012




Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



HO CHI MINH STOCK INDEX (VNINDEX:IND)


HO CHI MINH STOCK INDEX


Major Port Near HCMC to Open Second Phase

Sept. 1 – The country’s largest container seaport, Tan Cang-Cai Mep, will open its second phase later this year; allowing it to receive ships with a loading capacity of up to 110,000 tons.

The port is located in Ba Ria-Vung Province in southern Vietnam. Its second phase expansion spanning 40 hectares will include two new wharves with a total length of 600 meters and a container warehouse.

In 2009, the port handled 2 million tons worth of cargo and about 1.2 million tons from Janauary to June this year.

Authorities are gradually improving Vietnam’s shipping infrastructure to make its exports more competitive against its regional counterparts. This year, a direct shipping service from Vietnam to the U.S. east coast began, significantly reducing shipping times for its goods.

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