Other Briefings
Bac Ninh Province Revokes 51 Licensed Projects
Jan. 13 – Vietnam’s northern province of Bac Ninh has revoked 51 delayed licensed projects in its industrial parks in an effort to strengthen investment conditions. The Bac Ninh Industrial Zones Authority said projects that were left idle were canceled. Last year, it also canceled the investment licenses of 13 projects worth a total of […]
Real Estate Prices in Downtown Hanoi to Climb by 21 Percent
Dec. 14 – Land valuation in downtown Hanoi will increase by as much as 21 percent next year based on a new proposal submitted by the Hanoi People’s Committee. The proposal sets next year’s prices for the city’s main commercial streets like Hang Ngang and Hang Dao in Hoan Kiem District at VND81 million (US$4,300) […]
Savills: Danang Tourism Property Market Taking Off
Dec. 9 – The central coast city of Danang’s tourism property segment is emerging said real estate company Savills Vietnam. Savills said that projects for villas are emerging quickly in the area with developments along the Son Tra-Dien Ngoc coastal road from Danang to Hoi An to be finished in a few years time.
Exporters, Bank Plan to Build Bonded Warehouse in United States
Dec. 7 – State-owned Vietnam Development Bank and local exporters are considering plans to build a bonded warehouse in the United States for exports reports Thanh Nien News. This would aid local exporters cut storage costs and make more good readily available in the market. Vietnam Development Bank General Director Nguyen Quang Dung told Vietnam […]
Lawmakers Approve Nuclear Plants
Nov. 27 – Vietnam’s National Assembly has approved plans to build two nuclear power plants in the south-central province of Ninh Thuan scheduled to be finished by 2020. The nuclear plants will be located in Thuan Nam District’s Phuoc Dinh Commune and Ninh Hai District’s Vinh Hai Commune with a combined power capacity of 2,000 […]
HCMC Cuts Electricity to 51 Companies Due to Environmental Violations
Nov. 23 – Ho Chi Minh City authorities have cut electricity to 51 businesses last week as punishment for their environmental violations reports Thanh Nien News. The city gave an ultimatum that blacklisted business will not be reconnected again unless they clean up and stop damaging the environment. The 51 firms were found to be […]
Tax Laws on Overseas Investment to be Revised
Nov. 18 – Vietnam’s Ministry of Finance is planning to revise tax laws to encourage more Vietnamese businesses to make overseas investments. The draft of the tax circular is pending official approval at the end of the year. If the new plan is approved it will allow for incentives for projects in energy, power, petroleum, […]
Customs Department Announces Dutiable Price Database for Various Goods
Nov. 10 – Vietnam’s General Department of Customs (GDC) has announced a new price database for dutiable products imported into the country and guidelines on how to inspect declared values. The GDC letter instructs customs department on how they can the customs value of imported goods when the declared company prices are lower than than […]
Business License Issuance Delayed in Congested Areas of HCMC
Nov. 5 – The government has opted to temporarily suspend issuing business licenses to congested areas in Ho Chi Minh City as a way to alleviate worsening traffic. Businesses that attract crowds like supermarkets and foreign language centers will be restricted as well as possibly wedding service providers. In addition, parking in traffic prone areas […]
Samsung Opens US$700 Million Cellphone Plant in Vietnam
Oct. 30 – South Korea’s Samsung Electronics has recently opened a US$700 million plant in Yen Phong Industrial Park located in the northern province of Bac Ninh, making it the first cellphone plant in the country and Samsung’s seventh in the world. The new plant will manufacture 1.5 million mobile handsets monthly to be sold […]
