Other Briefings
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 […]
Vietnam’s Maritime Economy to Claim Over 50 Percent of GDP by 2020
May 31 – Vietnam plans to place more emphasis its maritime economy over the next 10 years, which it hopes will account for more than 50 percent of its GDP. “With the support of foreign and local investors, our maritime economy could contribute 53 to 55 percent of GDP by 2020,” said Do Duc Tien, […]
Vietnam-Cambodia Trade Up by 130 Percent
May 11 – Trade between Vietnam and Cambodia jumped 130 percent in the first four months of the year, reaching US$432 million. The two nations set a goal to bring in US$2 billion worth of bilateral trade for 2010. Last year, trade amounted to US$1.33 billion, a decrease of 19 percent compared to the previous […]
Saigon High-Tech Park Expands to Second Phase
May 5 – The Saigon High-Tech Park (SHTP) will soon begin work on its second phase to expand the park by 613 hectares to include a high-tech manufacturing area, a research and development and a business incubation area to name a few. The park’s new development will cost about US$300 million to build. The first […]
Longest Cable-Stayed Bridge in Southeast Asia Opens in Vietnam
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 […]
