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U.S. Developer Bows Out from International Airport Project
May 24 – American real estate developer Rockingham Asset Management has bowed out of an international airport project in Quang Ninh Province citing lack of funds and human resources. Joinus, a Korean company, expressed interest in the Van Don international airport project and is in negotiations with local authorities for a possible US$2 billion investment […]
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Saigon High-Tech Park Expands to Second Phase
May 5 – The Saigon High-Tech Park (SHTP) will soon begin work on its second phase to expand the park by 613 hectares to include a high-tech manufacturing area, a research and development and a business incubation area to name a few. The park’s new development will cost about US$300 million to build. The first […]
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Longest Cable-Stayed Bridge in Southeast Asia Opens in Vietnam
Apr. 27 – Vietnam inaugurated the longest cable-stayed bridge in the Southeast Asian region on Saturday connecting the Hau River in the Mekong Delta with Can Tho City and Vinh Long Province in southern Vietnam. The project was completed with the help of a preferential official development assistance for socio-economic development and infrastructure upgrading from […]
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Vietnam to Waive Visa Fees for August and September
Apr. 27 – Vietnam will waive visa fees for foreign visitors to the country from August to September as part of the “Impressive Vietnam Grand Sale 2010” campaign. Foreign tourists can claim a refund of value added tax when they buy goods during the two month program. Tourist-related businesses in Hanoi, Danang, and Ho Chi […]
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Vietnam Begins Construction of US$33.8 Million Road
Apr. 21- Construction of a 550-meter long road section began in Hanoi on Saturday with an expected cost of VND642 billion, or US$33.8 million. The project is considered the most expensive road to be built in the country, costing more than VND1 billion (US$52,617) per meter and spanning from Cho Dua Gate in Dong Da […]
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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 […]
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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.
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International Trade Fair Opens in Hanoi on April 14
Apr. 13 – The 20th Vietnam International Trade Fair, also called the Vietnam Expo 2010, will be held in Hanoi from April 14-17. The fair will bring together 700 stalls from 400 companies originating in 20 localities all over the country, as well as companies from 17 countries and territories. This year’s theme is “Vietnam […]
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Hanoi’s Investment Zones Attracts US$30 Million from January to March
HANOI, Apr. 12 – Investment in the capital city’s industrial zones increased during the first three months of 2010 amounting to US$30 million. The figure is two and half times higher compared to the same period last year comprising of investment licenses to 8 projects: three of them from foreign investors and five from domestic […]
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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 […]