Other Briefings
New Issue of Vietnam Briefing Magazine Examines Industrial Zones
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 […]
Cavico Becomes First NASDAQ-Listed Vietnamese Company
Sept. 22 – Hanoi-based infrastructure development firm, Cavico, became the first Vietnamese firm to list its common stocks on the United States’ NASDAQ Capital Market. Last Friday, the firm’s shares began trading using the code CAVO. The NASDAQ is the United States’ biggest equities exchange, listing 3,200 companies in various areas like technology, retail, communications, […]
Carlsberg Expects Sales to Surpass Market Growth
Sept. 21 – Danish beer company, Carlsberg, is forecasting that its volume growth in Vietnam will even surpass the beer industry’s expected market growth of 6 to 8 percent annually. This has led the company to sign an agreement with Vietnamese brewer Hanoi Beer & Beverage Corporation (Habeco) in anticipation of the increased volume by […]
Fifty Percent Income Tax Reduction Granted to Economic Zone Employees
Sept. 21- The Ministry of Finance has issued a new circular announcing that those working at Vietnamese economic zones (EZs) are qualified for a 50 percent tax reduction of their annual income tax. According to Circular 176/2009/TT-BTC, the new rule will be applicable to local, foreign residents and non-residents employed by management boards, state management […]
HSBC Partners with Vietnam Post to Offer Financial Services
Sept. 18 – HSBC has announced that it will be partnering with state-run, Vietnam Posts, to make its financial services available to more people through its network of post offices. HSBC clients will now be able to make credit card payments or receive cash payments at post offices. “This move significantly expands HSBC’s domestic reach […]
Ho Chi Minh Stock Exchange Joins ASEAN Bourse
Sept. 17 – The Ho Chi Minh Stock Exchange has announced it would join the Association of Southeast Asian Nations (ASEAN) Bulletin Board, a pending single trading bourse that will include 30 stocks each from six Asian exchanges. So far, the Singaporean, Indonesian, Malaysian, Thai and Philippines Stock Exchanges have agreed to join the bourse. […]
New Trade Pact Will Allow More Japanese Imports
Sept. 15 – It will now be easier for Vietnamese businesses to import more goods from Japan when the Vietnam-Japan Economic Partnership Agreement (VJEPA) takes effect in October. Vietnam Net reports that under the agreement ninety-two percent of goods traded between Japan and Vietnam will be qualified for a tariff reduction or exemption including 86 […]
World Bank to Provide US$160 Million Credit for Urban Upgrade
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 […]
Vietinbank Funds Major Hon La Port Project
Sept. 10 – The Vietnam Industrial and Commercial Bank has agreed to provide a ten year loan of more than VND110 billion to the the Petroleum Technical Services Corporation to develop the Hon La Port located in the central province of Quang Binh. The loan will improve the facilities of the Hon La Port and […]
Direct Flight from Hainan-Hanoi to Begin
Sept. 9 – The direct flight route from China’s Hainan province to Vietnamese capital city of Hanoi will begin on September 27, running twice a week every Thursday and Sunday. RELATED: Dezan Shira & Associates’ Asia Business Model Comparison Services The route will use the 143-seat aircraft of Boeing 737 with tickets priced at US$117 […]
