Other Briefings
New Issue of Vietnam Briefing: Managing Human Resources in Vietnam
Apr. 15 – In this issue of Vietnam Briefing magazine we tackle the legal aspects of managing human resources in the country. Many foreign investors move operations to Vietnam to take advantage of its large, skilled and inexpensive labor force. As the economy expands further and more business enters the country, it will increasingly become […]
Foreign Companies Dominate Real Estate Service Market
Apr. 14 – Foreign real estate service providers dominate the market in Vietnam with an estimated 90 percent of market share, reports Vietnam Net Bridge. The top three companies in the industry are foreign players CBRE Vietnam, Savills Vietnam and Colliers, followed by local service providers like Megagroup, Eden, Him Lam and VietRees.
Quang Trung Software City in HCMC to Become Major IT Park
Apr. 9 – Quang Trung Software City (QTSC) located in Ho Chi Minh City will soon be developed into a major information technology park. The software park has been in operation for nine years with a total area of 430,000 square meters designated for software production, research, training, development and distribution. Chu Tien Dung, general […]
Foreign Currency Restrictions in Vietnam
Apr. 1 – Companies and residents in Vietnam are all subject to foreign currency restrictions placed by the government. While the Vietnamese dong is the country’s official currency, U.S. dollars are widely-used as a more stable alternative to the fluctuating domestic currency. The government has been devaluing the dong often to cap inflation and its […]
HCM City Clamps Down on FDI in Real Estate Sector
Mar. 19 – The Ho Chi Minh City government has canceled the licenses of 40 foreign direct investment projects in the real estate sector worth US$1.77 billion which have remained stagnant. The real estate sector is one of the top avenues for foreign direct investment in the city although fund distribution has been slow and […]
Vietnam Industrial Parks Investment World to be Held in Ho Chi Minh City
Mar. 16 – The Vietnam Industrial Parks Investment World 2010 will be held in Ho Chi Minh City from May 7 to 8 showcasing the country’s top industrial zones. The event is perfect for foreign investors wanting to expand or relocate their manufacturing operations into Vietnam since representatives from more than 200 industrial zones in […]
Ho Chi Minh City Grants 39 New FDI Licenses
Mar. 8 – Ho Chi Minh city has so far approved investment licenses to 39 new foreign direct investment projects worth an estimated US$333.4 million. Vietnam’s financial capital wants to attract more investment into mechanics, engineering, bio-technology, IT and new materials projects. Majority of the 29 approved licensed projects last month were located outside the […]
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 […]
Foreign Stock Investment Hampered by Legal Restrictions
Feb. 12 – Foreign investors wanting to enter the Vietnamese stock market they are deterred by roadblocks relating to cumbersome procedures. A foreign investor wanting to enter the stock market must have their legal record authorized by various agencies and visa approved by the Vietnam Securities Depository before getting a trade code. For foreigners residing […]
Hanoi Industrial Parks Target US$180 Million Projects for 2010
HANOI, Jan. 27 – Authorities want to target US$180 million worth of new investment projects for 2010, an increase of 37.62 percent compared to the previous year. Last year, 16 local projects worth VND728 billion and 27 foreign direct investment projects capitalized at US$91.4 million were approved in Hanoi. The city now has a total […]
