Other Briefings
Free Certificate of Origin for Lao Cai Border Exports
Jun. 2 – Vietnam’s Ministry of Industry and Trade is offering free certificate of origin (C/O) for agricultural products being exported to China via the Lao Cai border gate. This measure was undertaken to make it easier for Vietnamese companies to export their agricultural products to China. The Lao Cai import-export management department has so […]
First Deepwater Container Terminal Opens
Jun. 1 – Vietnam’s first deep-water container terminal was inaugurated last Saturday in the southern province of Ba Ria-Vung Tau. The new SP-PSA International Port on the Cai Mep-Thi Vai River in Tan Thanh District will now make it possible for Vietnam to have direct shipping access to the U.S. market. “This is of great […]
Foreign Investment Drops by 76 Percent
May 27 – According to the Ministry of Planning and Investment’s Foreign Investment Agency, foreign investment during the first 5 months of the year dropped by 76 percent to US$6.68 billion compared to the same period last year. Only 256 new foreign-invested projects worth US$2.7 billion were licensed, a 89 percent plunge from previous figures […]
IBM Innovation Center Opens in Vietnam
May 26 – IBM has opened an innovation center in Ho Chi Minh City to provide businesses access to digital infrastructure technologies for the telecommunications, finance and energy industry. According to IBM, Vietnam has the highest internet penetration rate among developing countries. The center will offer training workshops, consulting services and assistance to help test […]
As China Raises Standards, Vietnamese Exports Suffer
May 25 – Since China implemented stricter import quality rules last March, Vietnamese agricultural exports to the country have declined. One of the products affected by the new rules is latex exports. The Information Center for Agriculture and Rural Development said this will lead to a 2 percent drop of latex exports to China by […]
More Incentives Offered for Investment in Lang Son Province
May 22 – During an investment promotion conference in Lang Son Province last May 20, incentives and fast-track procedures were offered to potential investors. The deputy chairman of the Lang Son People’s Committee, Duong Thoi Giang, said that in addition national investment incentives, interested investors are qualified for a low land lease tax of 1 […]
HCMC’s First Cable-Stayed Bridge Nearing Completion
May 21 – Ho Chi Minh’s first ever cable-stayed bridge spanning over the Saigon River is nearing completion with the final cables connected last Tuesday. The Phu My Bridge is 2.1 kilometers long and connects District 2 and District 7. Work on the bridge was completed four months ahead of schedule. It is the world’s […]
More Goods Qualified for 50 Percent VAT Discount
May 20 – Vietnam’s Ministry of Finance has added thousands of goods on their list that qualify for a 50 percent cut on VAT rates until the end of the year. The list added knives and cutting blades used for machines or mechanical tools, welding rods, water tanks with a capacity of more than 300 […]
Vietnam-United States Container Service to Start June 4
May 19 – Singaporean shipper APL will begin weekly direct container shipping service between Vietnam and the western coast of North America on June 4. “This is the beginning of a new era for trade with Vietnam and marks its increased importance as a manufacturing and export center,” Eng Aik Meng, President of APL, told […]
South Korean Company Opens US$300 Million Plant in Central Vietnam
May 18 – The subsidiary of South Korean Doosan Heavy Industries and Construction inaugurated a US$300 million plant in central Vietnam with the aim of developing it as a global production hub. Doosan Heavy Industries Vietnam’s plant in Quang Ngai Province’s Dung Quat Economic Zone will make major components and equipment for the flagship company’s […]
