Other Briefings
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 […]
DHL Offers Lower-Priced Shipping from HCMC to United States, Europe
Sept. 4 – Shipping company, DHL , is offering a lower-priced alternative for exporters wanting to send goods to the United States and Europe with its direct and faster Less than Container Load (LCL) service. The LCL services will link Ho Chi Minh City with Hamburg, Germany; Genoa, Italy; and Los Angeles, United States. According […]
Bridge to China’s Yunnan Province Opens
Sept. 2 – The Kim Thanh Bridge linking Kim Thanh Commercial Center in Vietnam’s Lao Cai Province and China’s Yunnan Province was inaugurated yesterday. The 295 meter, four-lane bridge cost almost US$10 million to build and was funded by both Vietnam and China beginning 2006. The bridge can be found 2.5 kilometers from the Lao […]
Vietnamese Businesses Encouraged to Invest in Laos
Sept. 1 – Vietnamese companies are encouraged to invest in Laos to boost its socio-economic development, said President Nguyen Minh Triet during an investment promotion conference on Laos in Ho Chi Minh City yesterday. The Laotian government and HCMC People’s Committee are offering investment incentives and bank loans to further attract Vietnamese investment into its […]
Vietnam-Russia Business Council Opens in Ho Chi Minh City
Aug. 7 – The Vietnam-Russia Business Council opened in Ho Chi Minh City this week with the aim of promoting trade in domestic and overseas markets for both countries. Bilateral trade amounted to more than US$1.64 billion last year but slowed down during the first half of this year. Currently, Vietnam has invested US$1.7 billion […]
Vietnam, Israel Sign Double Taxation Avoidance Agreement
Aug. 6 -The Vietnamese and Israeli government have signed an agreement to avoid double taxation charges. Tran Xuan Ha, Deputy Minister of Finance, told the People the agreement would create a clear and stable legal environment for taxation to help facilitate investors’ business in the two countries. Last year, bilateral trade amounted to US$163 million. […]
South Korea’s Top Retailer to Open Branch by 2013
Jul. 24 – South Korea’s top retailer, Lotte, has confirmed that it will be expanding to the Vietnamese market when it opens its first branch in 2013. The Lotte trade center will be located in Hanoi in partnership with the Coralis SA Company and spanning 65 floors. The building itself will cost an estimated US$280 […]
Can Tho City Reports Fastest GDP Growth
Jul. 15 – Can Tho City located in Vietnam’s Mekong Delta registered the fastest growth in gross domestic product (GDP) at 7.8 percent followed by Haiphong with 5.8 percent; Danang with 5.1 percent; and Ho Chi Minh City with 4.6 percent for the first half of the year. Hanoi was at fifth place with a […]
