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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    Vietnam Approves US$438 Million Railway to Cambodia

    Jun. 18 – Vietnam is set to build a 128.5 kilometer railway linking Ho Chi Minh City to the border with Cambodia at a cost of US$438 million. Construction will begin next year. The railway will form part of the Trans-Asia Railway linking Singapore and Kunming, China, the Ministry of Transport said in a statement.[…..]

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    Hanjin Shipping to Launch Direct Vietnam-U.S. Service

    Jun. 16 – South Korean shipping company, Hanjin Shipping (HJS), will launch a direct service between Vietnam and the United States on June 21; the third major container line to do so. The new service is called the South East & Japan Express (SJX) and will focus on the Vietnamese and South East Asian markets[…..]

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    Vietnam, Alibaba Partner in E-Commerce

    Jun. 12 – The Vietnam Industry and Trade Information Center and Alibaba Group, the world’s largest e-commerce company, have agreed to develop e-commerce in Vietnam. The deal will allow Vietnamese suppliers to be introduced on Alibaba’s online exchange, where buyers and sellers around the world can connect to do business. Moreover, it would help ease[…..]

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    Vietnam-Thailand Direct Overland Trade Now Possible

    Jun. 11 – Direct overland shipments between Vietnam and Thailand are now possible through a regional customs transit system that eliminates the need for re-loading in Lao PDR. The direct route along the East-West Economic Corridor begins from Danang, Vietnam, passing through Savannakhet, Lao PDR then on to Thailand. This is the first time that[…..]

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    U.S. Firm to Develop Resorts in Danang and Dalat

    Jun. 9 – American hotel and leisure company, Starwood Hotels and Resorts Worldwide, has partnered with Saigon Invest Group to built two resorts in Danang City and Dalat town. These projects will include a 330-room Le Meridien Danang Resort and Spa on more than 8.4 hectares of land. The project will have an investment capital[…..]

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