Other Briefings
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 […]
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 […]
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 […]
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 […]
Vietnam Implements Policies to Promote Tourism
Jun. 8 – In an effort to boost tourism, Vietnam is implementing new policies to cut taxes and offer value added tax refunds to tourists. Deputy Minister of Culture, Sports and Tourism Huynh Vinh Ai speaking at a recent forum held in Ho Chi Minh City, said that cars with 25 seats or more meant […]
Cambodia to Open 3 New Border Crossings with Vietnam
Jun. 5 – Cambodia is set to open additional border crossings with Vietnam by next month to encourage more tourism and trade between the two countries. When the new border crossings are open it will allow more vehicles to arrive per day from the previous 150 to 500. The news was announced by Cambodia’s Minister […]
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 […]
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 […]
U.S. Still Vietnam’s Largest Apparel Market
May 14 – The country’s biggest apparel export market remains to be the United States despite its economy grappling with the current financial crisis. According to Vietnam Textile and Apparel Association (Vitas) secretary, Nguyen Son, apparel exports to the United States decreased by 4 percent during the first quarter while total export turnover to the […]
