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Vietnam’s PM Urges Improvement of Customs Process
Vietnam’s Prime Minister, Nguyen Tan Dung, has called the country’s lengthy import-export procedures "unacceptable" and has proposed upgrading the process so that it is more in line with standards around the Asian region.
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Da Nang’s Dragon Bridge a Sign of New Financial Strength
The city of Da Nang is fast becoming one of the premier destinations in Vietnam for both tourism and foreign direct investment. Seventeen years after the city became an independent municipality, Da Nang has become the third largest economic center and the main commercial and educational center of central Vietnam.
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Foreign Firms Dominate Vietnam’s Advertising Market
Foreign advertising companies have taken control of the Vietnamese market, reaping millions of dollars in revenue every year. According to statistics, over 90 percent of advertising revenue in Vietnam is now in the hands of foreign advertising firms.
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Vietnam Rubber Surplus Hurts Producers, Helps Tire Industry
In an effort to help Vietnamese companies compete in the world market, the Ministry of Finance is considering cutting the rubber export tax to zero from the current rate of one percent.
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Vietnam: Asia’s Best Sourcing Destination
When it comes to sourcing, there are a number of key advantages that make Vietnam stand out from the rest of Asia.
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Rising Ginger Prices in Vietnam Excite Farmers, Hurt Consumers
The price of ginger is expected to hit record-highs this year, according to the head of Ho Chi Minh City’s Farmers Association branch in Binh Chanh District. The price of ginger has risen from VND40,000 (US$1.87) in February to its current price of VND80,000 (US$ 3.75) per kilo.
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Samsung to Build US$1 Billion Plant in Vietnam
On July 2, Bac Ninh province granted an investment license to Samsung Display Co. Ltd for its US$1 billion project in the Yen Phong Industrial Park. This investment comes on the back of multiple large scale investments by the South Korean tech giant.
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Vietnam’s Land Law Goes Into Effect, More Room for FIEs
On July 1st, 2014, Vietnam’s 2013 Land Law (revised) officially came into effect, The new law has seven more chapters and 66 more articles than the original 2003 Land Law. The new law institutionalizes the points of view and orientations contained in Resolution 11-NQ/TW of the sixth Plenum of the Party Central Committee. Although the new Land Law still does not allow foreign-invested enterprises to receive the transfer of land use rights or purchase land, it does not prohibit foreign investors from buying the capital associated with the land, for example, factories.
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Japan and Vietnam to Grow Agricultural Development Cooperation
On June 26, Japan and Vietnam held their first high-level dialogue on agricultural development cooperation in Hanoi. Present at the meeting were the President of Vietnam, Truong Tan Sang, and the Japanese Agriculture, Forestry and Fisheries Minister, Yoshimasa Hayashi. The dialogue called for developing a medium-to-long-term vision for agricultural sector cooperation between the two countries.
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New Investment Opportunities in South Vietnam: An Interview with Long Hau Industrial Park
Vietnam Briefing's Senior Editor, Edward Barbour-Lacey, recently had the opportunity to interview Mr Sy Tran - Director of the Sales and Marketing Department at the Long Hau Corporation (LHC). Mr. Sy has many years of experience working with well-known multinational corporations and leading Vietnamese companies in the industries of FMCG and B2B industry. These companies include: Coca Cola, NewZealand milk, Foster Vietnam, and Vinamilk.