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 […]

Vietnam-Singapore Industrial Park Opens in Haiphong


Jan. 21- A US$1 billion Vietnam-Singapore Industrial Park has just opened in the northern city of Haiphong. This is the third industrial park of its kind spearheaded by the Singapore and Vietnam government. The 1,600-hectare park is located in Vietnam’s third largest city, 100 kilometers from Hanoi with easy access to the region’s largest seaport, […]

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.

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 […]

World Bank to Provide US$160 Million Credit for Urban Upgrade


Sept. 14 – The World Bank has announced that it will provide a US$160 million no-interest credit for urban upgrade projects in the cities of Can Tho, Haiphong, Ho Chi Minh and the Nam Dinh Province. According to Nhan Dan, the extended credit will answer the financing gap that resulted from high levels of inflation […]

Can Tho City Reports Fastest GDP Growth


Jul. 15 – Can Tho City located in Vietnam’s Mekong Delta registered the fastest growth in gross domestic product (GDP) at 7.8 percent followed by Haiphong with 5.8 percent; Danang with 5.1 percent; and Ho Chi Minh City with 4.6 percent for the first half of the year. Hanoi was at fifth place with a […]

GE Begins Construction of US$61 Million Plant in Haiphong


May 13 – General Electric has begun building a US$61-million manufacturing plant in Haiphong City. The plant, located 100 kilometers east of Hanoi in the Red River Delta, will be making components for other GE manufacturing and service facilities around the world while also providing installation, maintenance and repair services for the components.

Vietnam to Offer Better Conditions for Chinese Investors


Apr. 21 – The Vietnamese Government is promising better conditions for Chinese investors looking into doing business in the country. Prime Minister Nguyen Tan Dung said the statement during a Vietnam-China Business Forum held in Guangzhou city, adding that Chinese-invested projects in the country were going smoothly. A reported 600 Chinese-invested projects are now in […]

South Korean Mall to Invest US$5 billion in Vietnam


Dec. 18 – South Korea's top retailer, Lotte Mart, said it would invest US$5 billion in the next 15 years to develop a chain of 30 shopping malls in Vietnam.

The company's first outlet opened in Ho Chi Minh City last Wednesday spanning 31,000 square meters making it the largest mall in the country.

Lee Sang Woo, general director of the Lotte Vietnam Shopping Company, told Xinhua that Lotte Mart would develop a chain of 15 shopping malls in Ho Chi Minh and 15 more malls in the cities of Hanoi, Haiphong, Danangand Can Tho.

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