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Investments in HCMC Economic Zones Up by 176 Percent
Jul. 23 – Economic and industrial zones investments in Ho Chi Minh City rose by 176 percent during the first half of the year reaching US$320 million. More than 70 percent of investments made in the zones, approximately US$225 million, came from local investments. Companies located in the zones reported a total export turnover worth […]
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New Commercial Arbitration Law to Help Resolve Disputes Faster
Jul. 21 – Vietnam’s new Commercial Arbitration Law, set to take effect from January 1, 2011, is expected to help local and foreign businesses resolve disputes quicker outside of the court of law. The new law was approved on June 17, 2010 by the National Assembly and will provide an important legal foundation for businesses […]
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Public Private Partnership Deal for Expressway in Dong Nai Province Approved
Jul. 19 – The expressway project that will link Dau Giay located in Dong Nai Province with Phan Thiet town in Binh Thuan Province has been approved by authorities under a public private partnership deal. Provincial authorities will be in charge of site clearance and compensation while construction will be led by the Binh Minh […]
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New Border Economic Zone Approved for Southern Province
Jul. 7 – Authorities have given the go signal to build a border gate economic zone (EZ) located in the southern province of Dong Thap to facilitate trade within the Mekong region. The EZ is slated to be developed to cater to industrial production, trade, tourism, agriculture, forestry and fishery in a total area of […]
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Largest Casino in Vietnam Closes Over Permit Violations
Jun. 30 – The biggest casino in the country has been ordered to shut down due to permit violations. Located in Danang, the casino is a joint-venture between U.S.-based Silver Shores and Hoang Dat of Hanoi. Hoang Dat Silver Shores International Entertainment Co. will only be allowed to reopen the casino and hotel complex after […]
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Vietnam Advised to Improve Industrial Park Services
Jun. 29 – Vietnam was advised to develop its industrial parks to offer more services to entice more foreign investors to come in. According to Marc Townsend, the general director of CB Richard Ellis Vietnam, industrial parks in the country should be equipped with trade centers, offices, apartments, hotels and other logistics services in addition […]
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French Company to Develop US$600 Million Road Project in Vietnam
Jun. 28 – French company VINCI Construction Grands Projects recently signed a memorandum of understanding with Deo Ca Investment JSC to develop the Ca Pass tunnel and road project located in the north-south corridor between Ho Chi Minh City and Hanoi. The US$600 million project will make it safer to travel the mountain pass located […]
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Biggest Cold Storage Facility in the Region Opens in Ho Chi Minh City
Jun. 22 – The largest cold storage facility in Southeast Asia opened in Ho Chi Minh City last week to provide services to the country’s local and foreign aquaculture and food companies. The US$28 million facility was built by U.S.-based Preferred Freezer Services as part of its strategic plans to expand into Asia in the […]
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Singapore’s Capitaland to Double Investments in Vietnam
Jun. 8 – Singapore-based real estate giant Capitaland, the largest developer in Southeast Asia, is planning to double its investments in Vietnam over the next three to five years to US$2.5 billion. New projects will include affordable housing and shopping malls across Vietnam’s key cities like Hanoi and Ho Chi Minh City, Capitaland CEO Liew […]
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Vietnam ‘All In’ as Casinos, Service Industry Bet on Ba Ria-Vung Tau
By Joe Drury Jun. 3 – The winds of change are sweeping across Ba Ria-Vung Tau Province in Vietnam’s booming southeast economic region, and they are fragrant with the scent of gambled winnings and Dom Pérignon. Traditionally an industrial center of Vietnam, a recent flood of service sector investment hopes to transform the local economy […]