Other Briefings
Vietnam May Suspend New Licensing in Energy Inefficient Cement Sector
Oct. 12 – Vietnam’s Ministry of Construction (MoC) hopes to pass a suspension in the licensing of new cement production projects in an effort to cool the sector’s rapid development and inefficient use of energy, according to the Vietnam News Service. According to Vu Quang Diem, deputy director of the MoC’s Building Materials Department, Vietnam’s […]
Vietnam Allocates US$90 Million to Establish Comprehensive Gov. Web Sites by 2015
Oct. 11 – With a budget of US$90 million, Vietnam plans to launch a newly approved program next year that will see all government agencies and departments at the district level running “comprehensive” web sites by 2015. The five-year plan to simplify administrative procedures and better serve the public by establishing online content could result […]
Early Warning Web Site Launched to Help Prevent Anti-Dumping Cases
Sept. 24 – The Vietnam Competition Authority and and the Global Competition Fund of Denmark launched an early warning web site on Wednesday to help prevent anti-dumping cases and support exporters in Vietnam. The web site is available in Vietnamese and English and initially concentrates on the Vietnam’s top export products: garments and textiles, footwear, seafood, […]
Authorities Promise to Lower Port Fees
Sept. 23 – Vietnam’s Ministry of Finance has promised to lower port fees in response to letters received from the European Chamber of Commerce in Ho Chi Minh City in April and August. The EuroCham letters pointed out that fees for the Cai Mep–Thi Vai port are as much as two to four times more […]
Proposed Law on Securities May Restrict Private Offerings
Sept. 21 – A proposal to make changes to the Law on Securities may restrict activity for private stock offerings as part of efforts to shield shareholders. According to the revisions, a private offering is banned from occurring within six months of a previous private offering. Private offering investors also will be required to hold […]
Vietnam Named Most Attractive Investment Destination Outside of BRICs
Sept. 20 – Global investors have named Vietnam as one of the most attractive investment destinations beyond the BRIC markets, according to a report released by the U.K. Trade and Investment and Economist Intelligence Unit (UKTI). This is the third straight year in a row that Vietnam was chosen. U.K. Business Secretary Vince Cable said: […]
Vietnam Says No to Outdated Steel Technologies
Sept. 20 – The Minister of Industry and Trade said that they will begin rejecting investment licenses for steel projects that use outdated technology. The minister, Vu Huy Hoang, cited that many have licensed steel projects that are outside the industry’s development planning and use backward technologies, causing serious environmental pollution and waste of energy.
Vietnam Wants to Attract More Investment in Telecoms
Sept. 17 – Vietnam’s Ministry of Information and Communications has promised to develop new regulations that will entice more investment in the telecommunications sector. “The telecom sector has achieved impressive growth in recent years and narrowed the gap with developed countries, which has benefited economic growth and improved the living standard of local people,” said […]
Experts Urge Stricter Rules for FDI Approval
Sept. 16 – Foreign direct investment experts are recommending that government officials set stricter conditions before approving FDI licenses to prevent aborting idle projects. Ideally, FDI projects should be positive and sustainable. Authorities should be familiar with the foreign investor’s background before granting licenses.
Vietnamese Airports to Scrap Immigration Procedures
Sept. 15 – Starting today, Vietnamese international airports will scrap entry and exit procedures for passengers, including Vietnamese expatriates and foreigners, to ease congestion and clearance delays. This means that travelers to Vietnam will no longer be required to fill out immigration declaration forms. This effort shows the government’s determination to push through public administration […]
