Other Briefings
Cancelation of Express Shipping Taxes to Begin October
Aug. 20 – Following Government Decree 87/2010/ND-CP, Vietnam will exempt export and import express packages from tax beginning October 1. The decree will also waive tax on imported raw materials or appliances for specific investment sectors or those not made in the country five years after production date.
Pepsi to Commit US$250 Million in Vietnam
Aug. 17 – Beverage and food giant PepsiCo Asia is committing to invest US$250 million in Vietnam to upgrade its manufacturing capacity in the next three years. The company says it will also develop new products for the market. PepsiCo has new facilities in Binh Duong and Can Tho. Global multinational companies are expanding operations […]
Vietnam Introduces Warning System for Anti-Dumping Cases
Aug. 12 – Vietnam has introduced a new online warning system that will help local companies avoid anti-dumping cases being filed against their products. The web site, www.earlywarning.vn, was funded by the Global Competitiveness Facility based in Denmark. Vietnamese exporters have been struggling with anti-dumping lawsuits against their products from the the United States and […]
Freight Transportation Up by 11.8 Percent
Aug. 5 – As an indication of improving trade in Vietnam, freight transportation from January to July rose by 11.8 percent to 402.5 million tons. According to a report found on the web site of the General Statistics Office of Vietnam, freight transportation by road increased 12.4 percent to 299.6 million tons and cargo transportation […]
E-Customs Clearance Now Available for Lao Cai Border Gate
Aug. 3 – Electronic customs declaration and clearance is now available for trade passing by the Lao Cai border gate beginning August 1. The province is the eleventh one to adopt the process for trading goods.This will make it easier for companies selling goods to China via the Lao Cai border to easily declare customs […]
Higher Shipping Costs Stunt Vietnamese Exports
Jul. 16 – Goods exported from Vietnam are incurring higher fees compared to exports coming from other Asian countries despite similar sea routes and destination points, says shipping industry experts and exporters in Vietnam. Only export goods bound for the United States shipping from the new Cai Mep deepwater port can offer competitively lower rates. […]
Stricter Bidding Process Set for Japanese Funded Projects
Jul. 12 – A pilot regulation will open Japanese-funded projects to third parties for bidding in an effort to clamp down on corruption. The Ministry of Planning and Investment said (MPI) said that under the trial regulation, a third party will be allowed to join tenders; study documents related to the bidding process and send […]
Vietnam Advised to Improve Industrial Park Services
Jun. 29 – Vietnam was advised to develop its industrial parks to offer more services to entice more foreign investors to come in. According to Marc Townsend, the general director of CB Richard Ellis Vietnam, industrial parks in the country should be equipped with trade centers, offices, apartments, hotels and other logistics services in addition […]
Biggest Cold Storage Facility in the Region Opens in Ho Chi Minh City
Jun. 22 – The largest cold storage facility in Southeast Asia opened in Ho Chi Minh City last week to provide services to the country’s local and foreign aquaculture and food companies. The US$28 million facility was built by U.S.-based Preferred Freezer Services as part of its strategic plans to expand into Asia in the […]
Vietnamese Company to Develop Dinh An Economic Zone
Jun. 10 – Local trading company Le Hai Trade–Construction Company Limited has committed to investing in the development of Dinh An Economic Zone with funds lent by American company L2G Financial. In March, the Le Hai company borrowed US$4.5 billion from the L2G company to help develop the zone which will include an area of […]
