Other Briefings
Software Piracy in Vietnam Costs US$275 Million Annually
Sept. 24 – Software piracy in Vietnam is costing the country losses of US$275 million in jobs and tax revenues yearly, said The Business Software Alliance in a report. The report cautioned local businesses from supporting software copyright infringement saying that the 7 percent decrease in piracy rate has raised job creation by 11 percent, […]
New Issue of Vietnam Briefing Magazine Examines Industrial Zones
Sept. 22 – The new issue of Vietnam Briefing magazine is out now and available for download (click on the image – complimentary subscription required). Set up to cater to industrial manufacturing, Vietnam’s industrial zones provide foreign investors with incentives and preferential policies not found in other parts of the country. It is these policies […]
Carlsberg Expects Sales to Surpass Market Growth
Sept. 21 – Danish beer company, Carlsberg, is forecasting that its volume growth in Vietnam will even surpass the beer industry’s expected market growth of 6 to 8 percent annually. This has led the company to sign an agreement with Vietnamese brewer Hanoi Beer & Beverage Corporation (Habeco) in anticipation of the increased volume by […]
HSBC Partners with Vietnam Post to Offer Financial Services
Sept. 18 – HSBC has announced that it will be partnering with state-run, Vietnam Posts, to make its financial services available to more people through its network of post offices. HSBC clients will now be able to make credit card payments or receive cash payments at post offices. “This move significantly expands HSBC’s domestic reach […]
Coca-Cola Commits US$200 Million to Vietnam
Sept. 7 – Soft drink maker, Coca-Cola and its bottler in Vietnam have committed to invest US$200 million in the country in the next three years. “Vietnam is a very important growth market to The Coca-Cola Company,” Coke chairman and chief executive officer, Muhtar Kent, said in the statement. “We are very optimistic about the […]
DHL Offers Lower-Priced Shipping from HCMC to United States, Europe
Sept. 4 – Shipping company, DHL , is offering a lower-priced alternative for exporters wanting to send goods to the United States and Europe with its direct and faster Less than Container Load (LCL) service. The LCL services will link Ho Chi Minh City with Hamburg, Germany; Genoa, Italy; and Los Angeles, United States. According […]
Trade Ministry Cautions Local Businesses on Hong Kong Trading
Aug. 25 – Vietnam’s Trade Ministry is advising local companies to practice care when trading with Hong Kong companies after cases of fraud were reported. Vietnamese businesses should consult the ministry’s office before they trade with partners in the territory, Vietnamese trade authorities told Thanh Nien News. Vietnam’s Ministry of Industry and Trade office in […]
New Van Don Economic Zone to be Build in Quang Ninh Province
Aug. 21 – The plan to build the Van Don Economic Zone in Quang Ninh Province has been approved and will include a tourist site, an international financial and trade center, an environmentally-friendly industrial zone, a logistics center and an agro-forestry and fisheries area. The 2,171 square meter zone will accommodate 150,000 people and is […]
Twenty Percent Discount on Power Costs Proposed
Aug. 11 – The Ministry of Industry and Trade has submitted a proposal that will allow businesses that operate only during the day to be qualified for a 20 percent discount on electricity costs during peak hours of the morning. Currently, business power users are charged double in the peak hours between 9:30 a.m. and […]
Foreign-Invested Firms to be Allowed to Export Rice
Aug. 10 – Following its WTO commitments, the Vietnamese government will now allow foreign-invested businesses to distribute and export rice this year, says Deputy Minister of Industry and Trade Nguyen Thanh Bien. Last week, Deputy Prime Minister Hoang Trung Hai approved the measure. Mr. Hai also added that the trade ministry should also ask the […]
