Other Briefings
E-Customs Clearance Process Still Limited
HO CHI MINH, Jul. 14 – Despite being offered on a trial basis in Ho Chi Minh City and Hai Phong since 2005, the e-customs clearance service is still bogged by inefficiencies and delays. City customs departments are ill-equipped to handle the surge of applications because of insufficient bandwidth capacity sometimes aggravated by the country’s […]
Maryland to Open Business Recruitment Office
Jul. 13 – The American state of Maryland will soon establish an economic development office in Vietnam. The office will be managed by the Meiwah International Holdings, an importer-exporter company, that will be charging fees by commission and seeking out business opportunities for the state in Vietnam. Previously, the state set-up recruitment offices in South […]
China Signs US$430 Million Power Plant Construction Deal
Jul. 9 – China’s Wuhan Kaidi Electric Power has agreed to build the Mao Khe thermo-electric power plant in Quang Ninh Province for US$430 million. The power plant project is backed by the Vietnam National Coal and Minerals Industrial Group with a capitalization of VND9,315 billion. When it is finished in 2012, the plant will […]
Largest Software Park Approves US$316.45 Million Worth of Projects
By Fan Feng Jul. 9 – The country’s largest software park and high-tech industrial area, Hoa Lac Hi-Tech Industrial Zone, has approved the investment licenses of four projects worth a total of US$316.45 million. Shipbuilder Vietnam Shipping Industrial Group invested US$85.6 million for the Vietnam Ship Research Institute to house its national research and design […]
Vietnam’s Longest Road to be Built along the Coast
Jul. 8 – The country’s longest road will be built from the coast of Quang Ninh until the Xa Xia Border Gate in Kien Giang Province spanning 3,127 kilometers. The first phase costing VND14.48 trillion will develop a total of 787 kilometers of roads located in economic regions and coastal economic zones until 2020. According […]
Vietnam Agrees to UN Anti-Corruption Pact
Jul. 7 – Vietnam validated that it would follow the United Nations Convention Against Corruption, reports the United Nations. The pact was substantiated by the President Nguyen Minh Triet last Tuesday. According to the Business Anti-Corruption website, corruption has been cited as one of the problems plaguing foreign companies investing in the country since state […]
Nissan Pushes Ahead with Vietnam Plant
Jul. 2 – Japanese carmaker, Nissan, is pushing ahead with plans to produce its vehicles in the country by 2010. The joint venture called Nissan Vietnam remains optimistic on the potential of the market despite the ongoing credit crisis. The partnership is between Denmark’s Kjaer Group and Japan’s Nissan Motor but production itself will be […]
HCMC Announces Changes to Business Registration
Jun. 30 – Beginning July 3, the process of obtaining a business registration in Ho Chi Minh City will be streamlined to become less time consuming and simpler. In the past, businesses had to apply for tax registration after registering their business with the Planning and Investment Department. The government is now accepting applications for […]
Unilever Vietnam Now Fully Foreign-Owned
Jun. 29 – Unilever Vietnam is now a fully foreign-owned company after buying 33.33 percent of shares held by its former joint venture partner, the Vietnam National Chemical Corporation (Vinachem), for an undisclosed amount. The buyout was approved by regulatory officials and is now in the process of being finalized. Previously, Unilever held US$75.3 million […]
Vespa Factory to Open in Vietnam
Jun. 26 – Italy’s Piaggo is opening a new US$30 million Vespa factory in Vietnam to manufacture their 125 and 150 cc scooters. Piaggio is Europe’s biggest maker of two-wheeled vehicles and the fourth largest motorcycle manufacturer in the world. The plant is forecast to produce 100,000 scooters to be sold in the country and […]
