Other Briefings
Danang Port Opens Local Container Sea Route
Oct. 13 – Danang Port in Central Vietnam has opened a new domestic container sea route for the shipment of consumer goods, food products and construction materials destined for the local market. This will help establish a trade route that links Ho Chi Minh City to Danang to the Hai Phong Ports. The new route […]
Plans to Build US$1.2 Billion Metro Line in Approved
Oct. 9 – Plans to build a US$1.247 billion underground metro line in Ho Chi Minh city has been approved by Deputy Prime Minister Nguyen Sinh Hung. Funding for the huge infrastructure will come from loans from Asian Development Bank, German bank KFW, and the European Investment Bank.No further details of the project have been released according […]
Vietnamese Students a Growing Market for U.S. Colleges
Sept. 29 – Vietnamese students are emerging as one of the top international markets for U.S. community colleges. They are the fastest-growing sector of students in U.S. colleges and universities, increasing by a staggering 45 percent to 8,769 during the 2007-2008 school year, according to the United Press International. The jump in Vietnamese enrollment in […]
New Issue of Vietnam Briefing Magazine Examines Industrial Zones
Sept. 22 – The new issue of Vietnam Briefing magazine is out now and available for download (click on the image – complimentary subscription required). Set up to cater to industrial manufacturing, Vietnam’s industrial zones provide foreign investors with incentives and preferential policies not found in other parts of the country. It is these policies […]
Cavico Becomes First NASDAQ-Listed Vietnamese Company
Sept. 22 – Hanoi-based infrastructure development firm, Cavico, became the first Vietnamese firm to list its common stocks on the United States’ NASDAQ Capital Market. Last Friday, the firm’s shares began trading using the code CAVO. The NASDAQ is the United States’ biggest equities exchange, listing 3,200 companies in various areas like technology, retail, communications, […]
Carlsberg Expects Sales to Surpass Market Growth
Sept. 21 – Danish beer company, Carlsberg, is forecasting that its volume growth in Vietnam will even surpass the beer industry’s expected market growth of 6 to 8 percent annually. This has led the company to sign an agreement with Vietnamese brewer Hanoi Beer & Beverage Corporation (Habeco) in anticipation of the increased volume by […]
Fifty Percent Income Tax Reduction Granted to Economic Zone Employees
Sept. 21- The Ministry of Finance has issued a new circular announcing that those working at Vietnamese economic zones (EZs) are qualified for a 50 percent tax reduction of their annual income tax. According to Circular 176/2009/TT-BTC, the new rule will be applicable to local, foreign residents and non-residents employed by management boards, state management […]
Ho Chi Minh Stock Exchange Joins ASEAN Bourse
Sept. 17 – The Ho Chi Minh Stock Exchange has announced it would join the Association of Southeast Asian Nations (ASEAN) Bulletin Board, a pending single trading bourse that will include 30 stocks each from six Asian exchanges. So far, the Singaporean, Indonesian, Malaysian, Thai and Philippines Stock Exchanges have agreed to join the bourse. […]
World Bank to Provide US$160 Million Credit for Urban Upgrade
Sept. 14 – The World Bank has announced that it will provide a US$160 million no-interest credit for urban upgrade projects in the cities of Can Tho, Haiphong, Ho Chi Minh and the Nam Dinh Province. According to Nhan Dan, the extended credit will answer the financing gap that resulted from high levels of inflation […]
Direct Flight from Hainan-Hanoi to Begin
Sept. 9 – The direct flight route from China’s Hainan province to Vietnamese capital city of Hanoi will begin on September 27, running twice a week every Thursday and Sunday. RELATED: Dezan Shira & Associates’ Asia Business Model Comparison Services The route will use the 143-seat aircraft of Boeing 737 with tickets priced at US$117 […]
