Other Briefings
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 […]
E-Customs Clearance Process Still Limited
HO CHI MINH, Jul. 14 – Despite being offered on a trial basis in Ho Chi Minh City and Hai Phong since 2005, the e-customs clearance service is still bogged by inefficiencies and delays. City customs departments are ill-equipped to handle the surge of applications because of insufficient bandwidth capacity sometimes aggravated by the country’s […]
HCMC Announces Changes to Business Registration
Jun. 30 – Beginning July 3, the process of obtaining a business registration in Ho Chi Minh City will be streamlined to become less time consuming and simpler. In the past, businesses had to apply for tax registration after registering their business with the Planning and Investment Department. The government is now accepting applications for […]
Vietnam Approves US$438 Million Railway to Cambodia
Jun. 18 – Vietnam is set to build a 128.5 kilometer railway linking Ho Chi Minh City to the border with Cambodia at a cost of US$438 million. Construction will begin next year. The railway will form part of the Trans-Asia Railway linking Singapore and Kunming, China, the Ministry of Transport said in a statement. […]
Hanjin Shipping to Launch Direct Vietnam-U.S. Service
Jun. 16 – South Korean shipping company, Hanjin Shipping (HJS), will launch a direct service between Vietnam and the United States on June 21; the third major container line to do so. The new service is called the South East & Japan Express (SJX) and will focus on the Vietnamese and South East Asian markets […]
Hanoi Stock Exchange to Open on June 24
Jun. 15 – Vietnam will soon re-launch the Hanoi Securities Trading Center as the Hanoi Stock Exchange to serve as a new trading floor for unlisted public companies on June 24. The country’s main bourse will still be the Ho Chi Minh Stock Exchange while the Hanoi Stock Exchange will provide the market for listed […]
Vietnam Implements Policies to Promote Tourism
Jun. 8 – In an effort to boost tourism, Vietnam is implementing new policies to cut taxes and offer value added tax refunds to tourists. Deputy Minister of Culture, Sports and Tourism Huynh Vinh Ai speaking at a recent forum held in Ho Chi Minh City, said that cars with 25 seats or more meant […]
Ministry to Help in Pending FDI Disbursement
Jun. 3 – Vietnam’s Ministry of Planning and Investment announced that it would help Ho Chi Minh City focus on its top 50 foreign direct investment (FDI) projects that are pending disbursement. These projects will impact the city’s economic and social situation in the coming time but are facing difficulties in disbursement, Phan Huu Thang, […]
Foreign Investment Drops by 76 Percent
May 27 – According to the Ministry of Planning and Investment’s Foreign Investment Agency, foreign investment during the first 5 months of the year dropped by 76 percent to US$6.68 billion compared to the same period last year. Only 256 new foreign-invested projects worth US$2.7 billion were licensed, a 89 percent plunge from previous figures […]
IBM Innovation Center Opens in Vietnam
May 26 – IBM has opened an innovation center in Ho Chi Minh City to provide businesses access to digital infrastructure technologies for the telecommunications, finance and energy industry. According to IBM, Vietnam has the highest internet penetration rate among developing countries. The center will offer training workshops, consulting services and assistance to help test […]
