Other Briefings
Vietnam, United States Sign Nuclear Energy Deal
Apr. 2 – Vietnam and the United States inked a nuclear agreement on Tuesday that could provide more business opportunities for U.S. firms looking to enter the Asian energy market. The agreement is a prelude to further negotiations on a more specific deal that will allow American firms to built nuclear power plants in Vietnam. […]
Customs Procedures in Vietnam
By Joyce Roque Mar. 23 – Following customs procedures when importing or exporting goods in Vietnam is one of the vital aspects of doing business in a country where manufacturing costs are leveraged to its favor. Goods for import and export are subject to customs clearance that checks on the quality, specifications, quantity, and volume […]
Environment Tax Law May Raise Production Costs in Vietnam
Mar. 22 – A draft of the new Environmental Tax Law, set to be approved in October this year, may increase taxes on fuel and coal and hike production costs in Vietnam. The law will likewise tax mosquito repellents, plastic bags, fruit and vegetable preservatives, and products containing hydro-chlorofluorocarbons. If the law is approved, beginning […]
HCM City Clamps Down on FDI in Real Estate Sector
Mar. 19 – The Ho Chi Minh City government has canceled the licenses of 40 foreign direct investment projects in the real estate sector worth US$1.77 billion which have remained stagnant. The real estate sector is one of the top avenues for foreign direct investment in the city although fund distribution has been slow and […]
Northern Thai Nguyen Province to Become Major Manufacturing Hub
Mar. 10 – Northern Thai Nguyen Province is being groomed to become a major metallurgy, mechanical manufacturing and precision engineering hub in the country. Thai Nguyen is a small province bordering the capital city of Hanoi and serves as a gateway to the Red River delta with its network of road, rail and waterways systems. […]
Ho Chi Minh City Grants 39 New FDI Licenses
Mar. 8 – Ho Chi Minh city has so far approved investment licenses to 39 new foreign direct investment projects worth an estimated US$333.4 million. Vietnam’s financial capital wants to attract more investment into mechanics, engineering, bio-technology, IT and new materials projects. Majority of the 29 approved licensed projects last month were located outside the […]
Ba Ria-Vung Tau Province Attracts US$125 Million Worth of Projects
Feb. 26 – Vietnam’s southern province of Ba Ria-Vung Tau has approved 15 projects worth US$125.03 million including five foreign direct investment projects amounting to US$924.9 million since the beginning of this year. Some of the major projects involve the Dragon Sea-Vung Tau international tourism exhibition center, a project of the Skybridge Dragon Sea Ltd […]
Construction of Coastal Road Link to Cambodia, Thailand Begins Next Month
Feb. 25 – A 220 kilometer international highway in the Mekong Delta connecting Vietnam with Cambodia and Thailand will begin construction next month. The Thailand-Cambodia-Vietnam Southern Coastal Road Corridor will begin in Bangkok and end at Nam Can District in Ca Mau Province, Vietnam. The road link will be built at a cost of US$440 […]
Hanoi Industrial Parks Attract US$4.14 Billion Worth of Investments
Feb. 9 – According to the Authority for Hanoi Industrial and Export Processing Zones, the city has so far attracted US$4.14 billion worth of projects in its industrial parks. Of the total 508 licensed projects, 240 are domestic projects worth US$3.533 billion while the rest is composed of 268 foreign-invested projects. In 2009, the IPs […]
Vietnam to Impose New Luxury Tax on Alcohol
Jan. 25 – Vietnam will impose a new special consumption tax of 45 percent on beer and other alcoholic drinks until 2012. The General Department of Taxation announced that beer and spirits higher than 40 proof will slapped a 45 percent tax and 50 percent afterward. Alcohol with less than 40 proof will be meted […]
