Other Briefings
Guangdong Companies Sign 24 Deals in Hanoi Trade Forum
Oct. 23 – Guangdong companies signed 24 projects worth US$723 million during a trade forum in Hanoi on October 20. “Vietnam will do its best to further develop this relationship, including efforts to boost economic, commercial and investment ties with Guangdong province,” Vietnam’s Deputy Prime Minister Pham Gia Khiem was quoted as saying by Nhan […]
More Tax Breaks Available for Foreign Experts
Oct. 22 – A new circular extends tax breaks and benefits available for foreign experts implementing projects in the country using official development assistance (ODA) effective November 20. The new rule includes relaxing visa policies for foreign experts and their family in addition to an import tax exemption on personal assets for experts residing in […]
Vietnam, Laos Launch Mobile Phone Network
Oct. 22 – Vietnam’s Military Telecom Corporation (Viettel) has launched a mobile phone network in cooperation with its Laotian partner Lao-Asia Telecom. The network is called Unitel and will be managed by Star Telecom Company, with Viettel holding a 49 percent stake in the joint venture. Unitel aims to capture 25 percent market share in […]
New Capital Gains Tax Hinders Real Estate Sales
Oct. 21 – Vietnam’s newly enforced 25 percent capital gains tax has affected demand in Ho Chi Minh City’s real estate market. Beginning September 26, a real estate buyer wanting to transfer the right to own a property to another person will have to pay a 25 percent capital gains tax or a 2 percent […]
Hau Giang Province Offers Investment Incentives
Oct. 20 – Hau Giang Province located south of Can Tho City and and 240 kilometers of Ho Chin Minh City is offering incentives to attract more investors. Investors in the province will be qualified for zero import and export taxes, a 15-20 percent tax reduction on revenue from 10 to 12 years and bank […]
Vietnam Approves First Air Cargo Only Transport Service
Oct. 16 – The Ministry of Transport has issued a license to the country’s first air cargo transport services to begin operations next year. Trai Thien Air Cargo is the first company to solely offer air cargo services in Vietnam reports Thanh Nien News. The company will have a registered capital of VND500 billion and […]
Vietnam to Build First International Transshipment Port
Oct. 15 – State-owned Vietnam National Shipping Lines will soon begin building its first international transshipment terminal port costing US$3.6 billion to boost container trade. The project will begin construction in the southern coastal province of Khanh Hoa and completed after 2020 in anticipation of improving trade. The international port will have a handling capacity […]
State Bank of Vietnam to Subsidize Corporate Loans to Boost Economy
Oct. 14 – The State Bank of Vietnam announced that it would provide an interest-rate subsidy of as high as 4 percentage points for medium- and long- term loans granted from April 1 until the end of the year. The government wants to boost the economy by helping companies and individuals to obtain loans and […]
Danang Port Opens Local Container Sea Route
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 […]
Vietnam Opens Cambodia Border Gate to Traffic
Oct. 13 – Vietnam and Cambodia have opened their border gates to traffic which includes the Ha Tien border gate in Vietnam’s Kien Giang Province and the Prek Chark border gate in Cambodia’s Kampot Province. Cambodia and Vietnam share a 1,137 kilometer border. The move highlights Vietnam’s expanding relationship with Cambodia that has seen the […]
