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Vietnam, Chile Begin Fourth Round of FTA Negotiation
Oct. 1 – Vietnam and Chile began the fourth round of free trade negotiations in Chilean capital of Santiago on Monday. “At this stage, we expect to move ahead on the issues related to the first negotiation stage”, the Chilean authorities said. Chili views Vietnam as great potential market for foreign investment. “The agreement will […]
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Largest Southeast Asian Ceramic Tile Plant Opens in Vietnam
Sept. 30 – The largest ceramic tile plant in Southeast Asia has opened in Quang Nam Province in Vietnam spanning 40 hectares and costing VND$1 trillion. The plant can handle eight production lines with a total output of 24 million square meters annually says Xinhua. It will provide about 1,000 local jobs for the province. […]
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Vietnamese Students a Growing Market for U.S. Colleges
Sept. 29 – Vietnamese students are emerging as one of the top international markets for U.S. community colleges. They are the fastest-growing sector of students in U.S. colleges and universities, increasing by a staggering 45 percent to 8,769 during the 2007-2008 school year, according to the United Press International. The jump in Vietnamese enrollment in […]
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Vietnam to Open First Rice Exchange on November 26
Sept. 28 – Vietnam will soon open the country’s first rice exchange on November 26 to make trading easier. Vietnam the world’s second-biggest rice exporter. “The exchange is designed to create more favorable conditions for sellers and buyers to meet and conduct transactions,” Nguyen Van Dong, director of Hau Giang Province Agriculture and Rural Development […]
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Software Piracy in Vietnam Costs US$275 Million Annually
Sept. 24 – Software piracy in Vietnam is costing the country losses of US$275 million in jobs and tax revenues yearly, said The Business Software Alliance in a report. The report cautioned local businesses from supporting software copyright infringement saying that the 7 percent decrease in piracy rate has raised job creation by 11 percent, […]
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Government Considers Raising Auto Import Taxes
Sept. 23 – Vietnam’s Ministry of Industry and Trade has proposed raising import duties on cars in addition to a luxury tax on mobile phones to help alleviate the country’s trade deficit. The General Statistics Office says that although the country’s trade gap during the first eight months of the year reached US$5.1 billion -a […]
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New Issue of Vietnam Briefing Magazine Examines Industrial Zones
Sept. 22 – The new issue of Vietnam Briefing magazine is out now and available for download (click on the image – complimentary subscription required). Set up to cater to industrial manufacturing, Vietnam’s industrial zones provide foreign investors with incentives and preferential policies not found in other parts of the country. It is these policies […]
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Cavico Becomes First NASDAQ-Listed Vietnamese Company
Sept. 22 – Hanoi-based infrastructure development firm, Cavico, became the first Vietnamese firm to list its common stocks on the United States’ NASDAQ Capital Market. Last Friday, the firm’s shares began trading using the code CAVO. The NASDAQ is the United States’ biggest equities exchange, listing 3,200 companies in various areas like technology, retail, communications, […]
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Carlsberg Expects Sales to Surpass Market Growth
Sept. 21 – Danish beer company, Carlsberg, is forecasting that its volume growth in Vietnam will even surpass the beer industry’s expected market growth of 6 to 8 percent annually. This has led the company to sign an agreement with Vietnamese brewer Hanoi Beer & Beverage Corporation (Habeco) in anticipation of the increased volume by […]
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Fifty Percent Income Tax Reduction Granted to Economic Zone Employees
Sept. 21- The Ministry of Finance has issued a new circular announcing that those working at Vietnamese economic zones (EZs) are qualified for a 50 percent tax reduction of their annual income tax. According to Circular 176/2009/TT-BTC, the new rule will be applicable to local, foreign residents and non-residents employed by management boards, state management […]