Other Briefings
Coca-Cola Commits US$200 Million to Vietnam
Sept. 7 – Soft drink maker, Coca-Cola and its bottler in Vietnam have committed to invest US$200 million in the country in the next three years. “Vietnam is a very important growth market to The Coca-Cola Company,” Coke chairman and chief executive officer, Muhtar Kent, said in the statement. “We are very optimistic about the […]
DHL Offers Lower-Priced Shipping from HCMC to United States, Europe
Sept. 4 – Shipping company, DHL , is offering a lower-priced alternative for exporters wanting to send goods to the United States and Europe with its direct and faster Less than Container Load (LCL) service. The LCL services will link Ho Chi Minh City with Hamburg, Germany; Genoa, Italy; and Los Angeles, United States. According […]
Minimum Wage to Increase by 12.3 Percent
Sept. 3 – The government has announced that state-owned companies will be increasing monthly minimum wage by 12.3 percent to VND800,000 or US$44.63 beginning May 2010. The new measure will also include raising the pensions and special allowances for war veterans. Thanh Nien News reports that the same payment increase will be applied at local […]
Online Filing of Income Tax Declaration and Customs Procedures Now Available
Sept. 3 – The Ministry of Finance in partnership with the Vietnam Posts and Telecommunication Group (VNPT) are now making it possible to file income tax declaration and conduct customs procedures online. The goal is to digitize the ministry’s public administrative procedures said Thanh Nien News. The new online filing system will be implemented on […]
Bridge to China’s Yunnan Province Opens
Sept. 2 – The Kim Thanh Bridge linking Kim Thanh Commercial Center in Vietnam’s Lao Cai Province and China’s Yunnan Province was inaugurated yesterday. The 295 meter, four-lane bridge cost almost US$10 million to build and was funded by both Vietnam and China beginning 2006. The bridge can be found 2.5 kilometers from the Lao […]
Vietnamese Businesses Encouraged to Invest in Laos
Sept. 1 – Vietnamese companies are encouraged to invest in Laos to boost its socio-economic development, said President Nguyen Minh Triet during an investment promotion conference on Laos in Ho Chi Minh City yesterday. The Laotian government and HCMC People’s Committee are offering investment incentives and bank loans to further attract Vietnamese investment into its […]
Vietnam, Russia Sign Oil Exploration Deals
Aug. 31 – Russia’s oldest oil and gas company, Zarubezhneft Joint Stock Company and Vietnam Oil and Gas Group have inked two deals to explore Vietnamese and Cuban waters for oil, according to a company statement. The first deal will allow Zarubezhneft and Vietnam Oil and Gas to developed offshore oil blocks in southern Vietnamese […]
United States is Vietnam’s Top FDI Source
Aug. 27 – The United States has become the top foreign direct investor in Vietnam for the first eight months of the year with investments amounting close to US$4 billion. The head of the statistics division of Vietnam’s Foreign Investment Agency, Le Hai Van, was quoted by Earth Times as saying that U.S. companies contributed […]
Vietnam Lowers Morning Peak-Hour Rates by 20 Percent
Aug. 26 – Companies that are open only during the day will now be charged 20 percent less than the current power rates for morning peak hours starting September 1. Companies are charged double for electricity used during the peak hours of 9:30 a.m. and 11:30 a.m. and between 5 p.m. and 8 p.m. Many […]
Trade Ministry Cautions Local Businesses on Hong Kong Trading
Aug. 25 – Vietnam’s Trade Ministry is advising local companies to practice care when trading with Hong Kong companies after cases of fraud were reported. Vietnamese businesses should consult the ministry’s office before they trade with partners in the territory, Vietnamese trade authorities told Thanh Nien News. Vietnam’s Ministry of Industry and Trade office in […]
