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Vietnam, Chinese Province Sign Trade Deals
Apr. 29 – Vietnam signed trade deals with China’s east province of Jiangsu during the China-Vietnam Economic Cooperation Forum held in Nanjing on April 27. The deals encompass cooperation in industry, trade, investment, finance, and tourism. Trade between Vietnam and Jiangsu Province has grown by 30 percent in the past four years. On the other […]
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Canadian Company to Open First Vegas-Style Casino in Ba Ria-Vung Tau Province
Apr. 28 – Canadian-based Asian Coast Development Ltd. (ACDL) is set to develop the country’s first Las Vegas-style casino, the MGM Grand Ho Tram in the southeast province of Ba Ria-Vung Tau. The project is part of the group’s strategy to spearhead the US$4.2 billion Ho Tram Strip, the largest integrated resort property in Vietnam, […]
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Longest Cable-Stayed Bridge in Southeast Asia Opens in Vietnam
Apr. 27 – Vietnam inaugurated the longest cable-stayed bridge in the Southeast Asian region on Saturday connecting the Hau River in the Mekong Delta with Can Tho City and Vinh Long Province in southern Vietnam. The project was completed with the help of a preferential official development assistance for socio-economic development and infrastructure upgrading from […]
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Vietnam to Waive Visa Fees for August and September
Apr. 27 – Vietnam will waive visa fees for foreign visitors to the country from August to September as part of the “Impressive Vietnam Grand Sale 2010” campaign. Foreign tourists can claim a refund of value added tax when they buy goods during the two month program. Tourist-related businesses in Hanoi, Danang, and Ho Chi […]
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New Bidding Rules Prioritize Local Companies for State Projects
Apr. 26 – New bidding regulations will favor local contractors and materials for state-sponsored projects and programs. International tenders for goods and equipment will only be allowed if local bids are not able to meet required standards, if the required materials are unavailable in the country, or if official development assistance (ODA) requires that foreign […]
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Vietnam Requests WTO Panel to Resolve U.S. Anti-Dumping Tax Dispute
Apr. 23 – Vietnam filed its first case to the World Trade Organization’s Dispute Settlement Body (DSB) to establish a panel to resolve a trade dispute with the United States over anti-dumping tax imposed on its shrimp exports. Vietnam’s permanent representative to the United Nations Office, Vu Dung, said that Vietnam had taken this action […]
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Vietnam, United States Trade Hits Record High
Apr. 22 – Bilateral trade between Vietnam and the United States reported a record high during the first quarter of this year compared to recent years. According to Customs Department statistics, the United States is the country’s biggest consumer worth US$2.84 billion, an increase of 23.2 percent compared to the same period last year. Moreover, […]
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Vietnam Considers Restrictions on Steel Imports
Apr. 21 – Vietnam may consider restricting steel imports to reduce reliance on China, Japan and Russia, says a recommendation from the Vietnam Steel Association. The restrictions will benefit local steelmakers who are capable of meeting construction material needs for wire rods, pipes and metallic-coated steel. The move will also help the country cut its […]
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Vietnam Begins Construction of US$33.8 Million Road
Apr. 21- Construction of a 550-meter long road section began in Hanoi on Saturday with an expected cost of VND642 billion, or US$33.8 million. The project is considered the most expensive road to be built in the country, costing more than VND1 billion (US$52,617) per meter and spanning from Cho Dua Gate in Dong Da […]
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Vietnam, Laos to Develop Port in Ha Tinh Province
Apr. 20 – Vietnam and Laos have agreed to develop the Vung Ang Port located in central Vietnam’s Ha Tinh Province. The Vietnam-Laos Vung Ang Port Joint Stock Company will manage improvements made on the port. The endeavor will make it easier to ship goods from Laos and help develop the East-West Economic Corridor for […]