Industries

Longest Cable-Stayed Bridge in Southeast Asia Opens in Vietnam

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Apr. 27 – Vietnam inaugurated the longest cable-stayed bridge in the Southeast Asian region on Saturday connecting the Hau River in the Mekong Delta with Can Tho City and Vinh Long Province in southern Vietnam. The project was completed with the help of a preferential official development assistance for socio-economic development and infrastructure upgrading from […]

New Bidding Rules Prioritize Local Companies for State Projects

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Apr. 26 – New bidding regulations will favor local contractors and materials for state-sponsored projects and programs. International tenders for goods and equipment will only be allowed if local bids are not able to meet required standards, if the required materials are unavailable in the country, or if official development assistance (ODA) requires that foreign […]

Vietnam Requests WTO Panel to Resolve U.S. Anti-Dumping Tax Dispute

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Apr. 23 – Vietnam filed its first case to the World Trade Organization’s Dispute Settlement Body (DSB) to establish a panel to resolve  a trade dispute with the United States over anti-dumping tax imposed on its shrimp exports. Vietnam’s permanent representative to the United Nations Office, Vu Dung, said that Vietnam had taken this action […]

Vietnam Considers Restrictions on Steel Imports

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Apr. 21 – Vietnam may consider restricting steel imports to reduce reliance on China, Japan and Russia, says a recommendation from the Vietnam Steel Association. The restrictions will benefit local steelmakers who are capable of meeting construction material needs for wire rods, pipes and metallic-coated steel. The move will also help the country cut its […]

Vietnam, Laos to Develop Port in Ha Tinh Province

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Apr. 20 – Vietnam and Laos have agreed to develop the Vung Ang Port located in central Vietnam’s Ha Tinh Province. The Vietnam-Laos Vung Ang Port Joint Stock Company will manage improvements made on the port. The endeavor will make it easier to ship goods from Laos and help develop the East-West Economic Corridor for […]

Foreign Companies Dominate Real Estate Service Market

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Apr. 14 – Foreign real estate service providers dominate the market in Vietnam with an estimated 90 percent of market share, reports Vietnam Net Bridge. The top three companies in the industry are foreign players CBRE Vietnam, Savills Vietnam and Colliers, followed by local service providers like Megagroup, Eden, Him Lam and VietRees.

Hanoi’s Investment Zones Attracts US$30 Million from January to March

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HANOI, Apr. 12 – Investment in the capital city’s industrial zones increased during the first three months of 2010 amounting to US$30 million. The figure is two and half times higher compared to the same period last year comprising of investment licenses to 8 projects: three of them from foreign investors and five from domestic […]

Vietnam, United States Sign Nuclear Energy Deal

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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

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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

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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 […]

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