Other Briefings
Plans to Build US$1.2 Billion Metro Line in Approved
Oct. 9 – Plans to build a US$1.247 billion underground metro line in Ho Chi Minh city has been approved by Deputy Prime Minister Nguyen Sinh Hung. Funding for the huge infrastructure will come from loans from Asian Development Bank, German bank KFW, and the European Investment Bank.No further details of the project have been released according […]
Vietnamese Students a Growing Market for U.S. Colleges
Sept. 29 – Vietnamese students are emerging as one of the top international markets for U.S. community colleges. They are the fastest-growing sector of students in U.S. colleges and universities, increasing by a staggering 45 percent to 8,769 during the 2007-2008 school year, according to the United Press International. The jump in Vietnamese enrollment in […]
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 […]
Fifty Percent Income Tax Reduction Granted to Economic Zone Employees
Sept. 21- The Ministry of Finance has issued a new circular announcing that those working at Vietnamese economic zones (EZs) are qualified for a 50 percent tax reduction of their annual income tax. According to Circular 176/2009/TT-BTC, the new rule will be applicable to local, foreign residents and non-residents employed by management boards, state management […]
Ho Chi Minh Stock Exchange Joins ASEAN Bourse
Sept. 17 – The Ho Chi Minh Stock Exchange has announced it would join the Association of Southeast Asian Nations (ASEAN) Bulletin Board, a pending single trading bourse that will include 30 stocks each from six Asian exchanges. So far, the Singaporean, Indonesian, Malaysian, Thai and Philippines Stock Exchanges have agreed to join the bourse. […]
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 […]
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 […]
Vietnamese Businesses Encouraged to Invest in Laos
Sept. 1 – Vietnamese companies are encouraged to invest in Laos to boost its socio-economic development, said President Nguyen Minh Triet during an investment promotion conference on Laos in Ho Chi Minh City yesterday. The Laotian government and HCMC People’s Committee are offering investment incentives and bank loans to further attract Vietnamese investment into its […]
Vietnam-Russia Business Council Opens in Ho Chi Minh City
Aug. 7 – The Vietnam-Russia Business Council opened in Ho Chi Minh City this week with the aim of promoting trade in domestic and overseas markets for both countries. Bilateral trade amounted to more than US$1.64 billion last year but slowed down during the first half of this year. Currently, Vietnam has invested US$1.7 billion […]
