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U.S. Sign US$500 Million Deal to Boost Infrastructure in Vietnam
Jun. 16 – Vietnam and the United States inked a deal on Monday for U.S. financing worth US$500 million to help boost American exports for high-priority infrastructure projects in the Southeast Asian country. U.S. Ambassador Michael Michalak said that the deal with the Export-Import Bank of the United States will “begin a new economic era” […]
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Vietnam Airlines Joins Skyteam Alliance, Plans Expansion to U.S. and U.K. Markets Ahead of IPO
Jun. 14 – Vietnam Airlines is planning to expand routes to the west coast of the United States and is also looking into direct flights to the United Kingdom said the carrier’s CEO, Pham Ngoc Minh. Speaking to the BBC, the executive officer said that he thought the expansion program would be completed by the […]
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Vietnam Climbs Up World Trade Rankings by 18 Spots
Jun. 11 – Vietnam climbed 18 spots in the World Economic Forum’s Global Enabling Trade Report 2010 to 71th place in a report that identifies stumbling blocks and enablers to international trade in 125 economies. Vietnam showed vast improvement in terms of market access reflecting the government efforts to follow the terms of its World […]
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Vietnamese Company to Develop Dinh An Economic Zone
Jun. 10 – Local trading company Le Hai Trade–Construction Company Limited has committed to investing in the development of Dinh An Economic Zone with funds lent by American company L2G Financial. In March, the Le Hai company borrowed US$4.5 billion from the L2G company to help develop the zone which will include an area of […]
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Vietnam Cuts Bureaucracy, Reduces 256 Administrative Procedures
Jun. 9 – In an effort to increase transparency and modernize the economy, the Vietnamese government announced plans to reduce 256 administrative procedures on Monday. The reform is the keystone of Project 30, a sweeping four-year overhaul of government administration that aims to simplify Vietnam’s 24 ministries and 63 provinces. Included in the reform are […]
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Singapore’s Capitaland to Double Investments in Vietnam
Jun. 8 – Singapore-based real estate giant Capitaland, the largest developer in Southeast Asia, is planning to double its investments in Vietnam over the next three to five years to US$2.5 billion. New projects will include affordable housing and shopping malls across Vietnam’s key cities like Hanoi and Ho Chi Minh City, Capitaland CEO Liew […]
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PM: Vietnam to Grow by 6.5%-7% in 2010
Jun 7 – Vietnam expects an economic growth of 6.5 percent to 7 percent this year, Prime Minister Nguyen Tan Dung said at the 19th World Economic Forum on East Asia on Sunday. Speaking at the forum’s opening ceremony in Ho Chi Minh City, Dung said that despite difficulties from the Global Financial Crisis, Vietnam […]
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Vietnam-Pakistan JMC Sees Bilateral Commitments Across Several Sectors
Jun. 4 – The second session of the Vietnam-Pakistan Joint Ministerial Commission ended yesterday in Islamabad after two days of talks over free trade agreements, MoUs, joint working groups, and mutual cooperation on a number of issues. By the end of the meetings, the Vietnamese delegation, headed by Deputy Minister of Industry and Trade Le […]
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Vietnam ‘All In’ as Casinos, Service Industry Bet on Ba Ria-Vung Tau
By Joe Drury Jun. 3 – The winds of change are sweeping across Ba Ria-Vung Tau Province in Vietnam’s booming southeast economic region, and they are fragrant with the scent of gambled winnings and Dom Pérignon. Traditionally an industrial center of Vietnam, a recent flood of service sector investment hopes to transform the local economy […]
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New Environmental Tax Law Submitted to Vietnam’s National Assembly
Jun. 2 – Deputies of Vietnam’s National Assembly debated and discussed the new Law on Environmental Protection Tax on Monday as the government tries to find a way to mitigate the negative environmental externalities the country is experiencing as a result of its rapid economic development and modernization. The new environmental legislation is an attempt […]