Other Briefings
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 […]
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, […]
Ministry Forecasts US$25 Billion FDI in 2010
Jan. 20 – The Ministry of Planning and Investment is forecasting that FDI to Vietnam will rise by 10 percent to US$22-US$25 billion given the slowly recovering world economy. According to the Foreign Investment Agency (FIA), there were a total of 839 FDI projects implemented in the country amounting to US$21.48 billion by December 15, […]
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 […]
Ho Chi Minh City Unemployment Rate at 5.45 Percent
Jan. 8 – Ho Chi Minh City’s unemployment rate is currently at 5.45 percent after the global slowdown led 280 businesses in the city to lay off 53,000 workers and place another 16,000 on part-time basis last year. According to Voice of Vietnam, 80 percent of those laid off have already found jobs. The municipal […]
Vietnam Approves 20 Foreign Institutional Licenses for December
Jan. 7 – The Vietnam Securities Depository Agency has issued licenses to 20 foreign institutional investors in December to allow them to trade local stocks. This brings the total number of foreign institutional investors to 1,149. The government also granted 125 foreign individuals permission to trade in December making the total number to 12,429.
United States is Vietnam’s Top Foreign Investor
Jan. 6 – The United States is Vietnam’s top foreign investor for 2009 with a total capital investment of US$9.8 billion. The Foreign Investment Department says that American investment accounted for 45.6 percent of Vietnam’s total foreign investment followed by Cayman Islands at more than US$2 billion.
HCMC Targets 2.8 Million Foreign Visitors for 2010, Sees 7% Drop in 2009 Arrivals
Dec. 22 – Ho Chi Minh City hopes to welcome 2.8 million foreign visitors in 2010 after posting the first decline in arrivals since 2003 this year. La Quoc Khanh, deputy head of the Department of Culture, Sports and Tourism, said the drop of 7 percent in foreign arrivals had been expected since the middle […]
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.
