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Vietnam’s Advertising Market
By Marco Azzaro May 24 – Turnover in the Vietnamese advertising and communications industry reached US$783 million in 2011, up from US$555 million in 2008. However, these latest figures are much lower than the average in Southeast Asian countries and advertising revenues now are higher than only Cambodia and Laos. So far, most Vietnamese advertisers […]
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Foreign Franchises Interested in Vietnam Market Entry
By Marco Azzaro May 18 – Several franchising brands are beginning to view the Vietnamese market more favorably than in past years. According to the country’s Ministry of Industry and Trade, up to 70 foreign brands have registered their franchising business in Vietnam and franchising growth is up 30 percent. Most of them are consumer […]
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New Issue of Vietnam Briefing: Vietnam’s Provinces, Regions and Key Economic Zones
In this issue of Vietnam Briefing Magazine, we discuss the industries and economy of Vietnam’s three levels of geographic divisions from the perspective of a potential foreign investor.
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Report: Vietnam 2nd Most Attractive Market in Southeast Asia
By Julia Gu May 15 – A recent survey by the ASEAN Business Advisory Council (ABAC) revealed that Vietnam ranked as the second most attractive investment destination in Southeast Asia after Indonesia. Vietnam’s FDI in recent years has largely gone into its manufacturing sector, particularly the manufacturing of textiles and footwear, but the country’s role […]
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Credit Institutions in Vietnam Now Offering Foreign Currency Loans
Decision No. 857/QD has been enacted by the State Bank of Vietnam. According to this measure, credit institutions (including foreign bank branches) can now make loans in foreign currencies to customers residing in the country.
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Attracting Investment in the Mekong River Delta
By Nguyen Huyen My May 9 – In recent years, the Mekong River Delta (MRD) has gradually developed in all aspects, but to speed up investment attraction, the implementation of new infrastructure projects needs to be accelerated. Mr. Nguyen Phong Quang, permanent deputy head of the Southwest Steering Committee, recently said that during the last […]
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Important Changes to Vietnam’s Tax Regulations
Vietnam’s government has made some important changes to the country’s tax regulations over the first four months of 2012, and has issued Circular 06, which took effect from March 1, providing a detailed guidance on some key changes to VAT rules.
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Vietnam Establishes Mong Cai Economic Zone on Chinese Border
By Nhung Le May 2 – On April 10, 2012, the Prime Minister of Vietnam promulgated Decision No. 19/2012/QD-TTg regarding the establishment of a border gate economic zone in Mong Cai, Quang Ninh Province. The Mong Cai Border Gate Economic Zone includes all of Mong Cai City and the surrounding communes; the Hai Ha Industrial […]
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Foreigners Eligible for VAT Refund When Leaving Vietnam
Apr. 30 – On April 12, 2012, Vietnam’s Ministry of Finance promulgated Circular No.58/2012/TT-BTC to guide the implementation of Decision No. 05/2012/QD-TTg dated January 19, 2012 on implementing a pilot project allowing VAT refunds for foreigners departing Vietnam from Noi Bai International Airport in Hanoi or Tan Son Nhat International Airport in HCMC. Foreigners who […]
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Vietnam’s Payment System and Bank Modernization Project
By Marco Azzaro Apr. 27 – Vietnam’s banking reforms, started in the late 1980s, have provided great positive consequences since 2004 to where the banking sector now resembles that of other newly industrialized economies. The old system, with its main faults like ineffectiveness to settle a transaction and outdated information for risk management, has been […]