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Early Warning Web Site Launched to Help Prevent Anti-Dumping Cases
Sept. 24 – The Vietnam Competition Authority and and the Global Competition Fund of Denmark launched an early warning web site on Wednesday to help prevent anti-dumping cases and support exporters in Vietnam. The web site is available in Vietnamese and English and initially concentrates on the Vietnam’s top export products: garments and textiles, footwear, seafood, […]
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Authorities Promise to Lower Port Fees
Sept. 23 – Vietnam’s Ministry of Finance has promised to lower port fees in response to letters received from the European Chamber of Commerce in Ho Chi Minh City in April and August. The EuroCham letters pointed out that fees for the Cai Mep–Thi Vai port are as much as two to four times more […]
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Obtaining Foreign Work Permits
By Hoang Thu Huyen Sept. 22 – Work permits for foreigners in Vietnam are valid for a maximum of three years. There are currently around 60,000 foreign employees in the country with valid work permits and around 20,000 illegally employed foreigners using tourist visas. Authorities are now becoming stricter when it comes to foreigners working […]
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Dong Thap Province Seeking US$1.07 Billion for Transport Investment
Sept. 22 – Dong Thap Province in southern Vietnam is seeking VND21 trillion (US$1.07 billion) in investments to upgrade its road and port systems by 2020. The province is known for its agriculture-based economy, but is working towards shifting to more industry and trade-oriented businesses. It wants to expand trade capacity by developing ports IDI, […]
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Proposed Law on Securities May Restrict Private Offerings
Sept. 21 – A proposal to make changes to the Law on Securities may restrict activity for private stock offerings as part of efforts to shield shareholders. According to the revisions, a private offering is banned from occurring within six months of a previous private offering. Private offering investors also will be required to hold […]
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Vietnam Airlines Drops Fares in Celebration of Hanoi’s Millenial Anniversary
Sept. 21 – National air carrier Vietnam Airlines has announced that it would slash international airfare tickets from Vietnam by as much as 85 percent in celebration of Hanoi’s 1,000th year anniversary. Flight bookings must be made starting September 30 to October 10 applicable for trips taken from October 15 to December 21, 2010 and […]
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Vietnam Named Most Attractive Investment Destination Outside of BRICs
Sept. 20 – Global investors have named Vietnam as one of the most attractive investment destinations beyond the BRIC markets, according to a report released by the U.K. Trade and Investment and Economist Intelligence Unit (UKTI). This is the third straight year in a row that Vietnam was chosen. U.K. Business Secretary Vince Cable said: […]
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Vietnam Says No to Outdated Steel Technologies
Sept. 20 – The Minister of Industry and Trade said that they will begin rejecting investment licenses for steel projects that use outdated technology. The minister, Vu Huy Hoang, cited that many have licensed steel projects that are outside the industry’s development planning and use backward technologies, causing serious environmental pollution and waste of energy.
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Vietnam Wants to Attract More Investment in Telecoms
Sept. 17 – Vietnam’s Ministry of Information and Communications has promised to develop new regulations that will entice more investment in the telecommunications sector. “The telecom sector has achieved impressive growth in recent years and narrowed the gap with developed countries, which has benefited economic growth and improved the living standard of local people,” said […]
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Experts Urge Stricter Rules for FDI Approval
Sept. 16 – Foreign direct investment experts are recommending that government officials set stricter conditions before approving FDI licenses to prevent aborting idle projects. Ideally, FDI projects should be positive and sustainable. Authorities should be familiar with the foreign investor’s background before granting licenses.