Other Briefings
Shaping Hanoi
By Joyce Roque HANOI, Mar. 5 – As the government prepares to celebrate Hanoi’s 1,000 year anniversary in October, plans to slowly expand the capital city have already begun since 2008. Hanoi’s limits will stretch to include adjacent provinces to make more space for national projects in the capital city. The expansion has already absorbed […]
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 Attract US$4.14 Billion Worth of Investments
Feb. 9 – According to the Authority for Hanoi Industrial and Export Processing Zones, the city has so far attracted US$4.14 billion worth of projects in its industrial parks. Of the total 508 licensed projects, 240 are domestic projects worth US$3.533 billion while the rest is composed of 268 foreign-invested projects. In 2009, the IPs […]
Hanoi to Host First International Fair for Trade,Investment
HANOI, Feb. 4 – The city will host the first International Fair for Investment and Trade from February 5 to 7 in My Dinh Sport Complex to facilitate investment, exports, brand advertising and franchising deals between foreign and local businesses. The event was organized by Hanoi’s Association for Vietnamese Overseas, the Hanoi Business Association, the […]
Provincial Competitiveness Index 2009 Available for Download
Feb. 1 – The Vietnam Chamber of Commerce and Industry and the U.S. Agency for International Development’s Vietnam Competitiveness Initiative have recently released a report ranking the competitiveness of each province in the country in 2009. The index is useful for investors looking at entering Vietnam because it gives a comprehensive look of the country’s […]
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, […]
New Requirements for Permanent Residency in Hanoi
Jan. 19 – A new draft of the Capital Law will place stricter requirements for foreigners applying for permanent residency in Hanoi. Applicants will need to show proof of holding a legal job with a salary double the city’s average minimum in addition to maintaining temporary residency in city continuously for at least five years […]
