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Danang City Lures US$2.8 Billion Worth of FDI
Jul. 26 – The major port city of Danang in central Vietnam has so far lured in US$2.8 billion worth of foreign direct investment. A majority of the investments were poured into 29 realty projects comprising of up to 73 percent of the city’s total FDI. Danang’s largest foreign investor was the British Virgin Islands […]
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Largest Casino in Vietnam Closes Over Permit Violations
Jun. 30 – The biggest casino in the country has been ordered to shut down due to permit violations. Located in Danang, the casino is a joint-venture between U.S.-based Silver Shores and Hoang Dat of Hanoi. Hoang Dat Silver Shores International Entertainment Co. will only be allowed to reopen the casino and hotel complex after […]
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Vietnam to Waive Visa Fees for August and September
Apr. 27 – Vietnam will waive visa fees for foreign visitors to the country from August to September as part of the “Impressive Vietnam Grand Sale 2010” campaign. Foreign tourists can claim a refund of value added tax when they buy goods during the two month program. Tourist-related businesses in Hanoi, Danang, and Ho Chi […]
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Vietnam to Limit Car Imports
Mar. 4 – The Ministry of Industry and Trade plans to limit car imports by implementing regulations that would help cut down its trade deficit. The new restrictions will affect the importation of cars with less than 16 seats which make up majority of total cars imported from abroad and require that they pass quality […]
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Provincial Competitiveness Index 2009 Available for Download
Feb. 1 – The Vietnam Chamber of Commerce and Industry and the U.S. Agency for International Development’s Vietnam Competitiveness Initiative have recently released a report ranking the competitiveness of each province in the country in 2009. The index is useful for investors looking at entering Vietnam because it gives a comprehensive look of the country’s […]
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Danang Tops Provincial Competitive Index
Jan. 15 – Danang topped the Vietnam Chamber of Commerce and Industry’s 2009 provincial competitiveness index (PCI) ranking followed by Binh Duong Province in the south. This is the second consecutive year that Danang finished first place in the index. Vietnam’s northeast Lao Cai Province ranked higher than Vinh Phuc Province to be included in […]
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Vietnam Opens Cross-Border River Trade with Cambodia
Dec. 18 – Cambodia and Vietnam have agreed to a treaty that will open Mekong waterways to increases trade and tourism. The Treaty on Waterway Transportation legally binds Cambodia and Vietnam to reducing the official restrictions that have existed for cross-border navigation, according to the the Mekong River Commission.
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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.
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Danang Port Opens Local Container Sea Route
Oct. 13 – Danang Port in Central Vietnam has opened a new domestic container sea route for the shipment of consumer goods, food products and construction materials destined for the local market. This will help establish a trade route that links Ho Chi Minh City to Danang to the Hai Phong Ports. The new route […]
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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 […]