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Vietnamese Exports to the U.S. Grows Despite Trend
Jun. 19 –Vietnamese exports to the United States grew by 3 percent to US$3.75 billion, one of the only 30 countries whose shipments increased for the first four months of the year. The rise in exports was mainly driven by clothing and footwear industry. According to the U.S. International Trade Commission, China’s exports dropped by […]
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Phu Bai to Upgrade to an International Airport
Jun. 19 – The Phu Bai airport located in the central province of Thua Thien-Hue will be developed into an international airport beginning this year until 2020. According to the plan submitted to the Ministry of Construction and the Ministry of Transport, the airport will have an area of 42,000 square meters, serving 4,000 passengers […]
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Vietnam Approves US$438 Million Railway to Cambodia
Jun. 18 – Vietnam is set to build a 128.5 kilometer railway linking Ho Chi Minh City to the border with Cambodia at a cost of US$438 million. Construction will begin next year. The railway will form part of the Trans-Asia Railway linking Singapore and Kunming, China, the Ministry of Transport said in a statement. […]
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Telecom Market to Open in 2012
Jun. 17 – Vietnam has announced it would fully open its telecom market to overseas investment following international practices and its obligation under the World Trade Organization by 2012. The draft bill for the new telecom law is expected to be submitted by this month. Local telecom companies have until 2012 to maintain 51 percent […]
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Hanjin Shipping to Launch Direct Vietnam-U.S. Service
Jun. 16 – South Korean shipping company, Hanjin Shipping (HJS), will launch a direct service between Vietnam and the United States on June 21; the third major container line to do so. The new service is called the South East & Japan Express (SJX) and will focus on the Vietnamese and South East Asian markets […]
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Hanoi Stock Exchange to Open on June 24
Jun. 15 – Vietnam will soon re-launch the Hanoi Securities Trading Center as the Hanoi Stock Exchange to serve as a new trading floor for unlisted public companies on June 24. The country’s main bourse will still be the Ho Chi Minh Stock Exchange while the Hanoi Stock Exchange will provide the market for listed […]
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Vietnam, Alibaba Partner in E-Commerce
Jun. 12 – The Vietnam Industry and Trade Information Center and Alibaba Group, the world’s largest e-commerce company, have agreed to develop e-commerce in Vietnam. The deal will allow Vietnamese suppliers to be introduced on Alibaba’s online exchange, where buyers and sellers around the world can connect to do business. Moreover, it would help ease […]
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Vietnam-Thailand Direct Overland Trade Now Possible
Jun. 11 – Direct overland shipments between Vietnam and Thailand are now possible through a regional customs transit system that eliminates the need for re-loading in Lao PDR. The direct route along the East-West Economic Corridor begins from Danang, Vietnam, passing through Savannakhet, Lao PDR then on to Thailand. This is the first time that […]
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Vietnamese Company Bags IATA Award
Jun. 10 – The Vietnam Air Navigation Services Corporation (VANSCORP) was awarded the International Air Transport Association’s (IATA) Eagle Award for the Most Improved Air Navigation Service Providers (ANSP) during the 65th IATA Annual General Meeting held in Kuala Lumpur, Malaysia last Monday. “VANSCORP has improved greatly in its 15-year history characterized by a strong […]
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U.S. Firm to Develop Resorts in Danang and Dalat
Jun. 9 – American hotel and leisure company, Starwood Hotels and Resorts Worldwide, has partnered with Saigon Invest Group to built two resorts in Danang City and Dalat town. These projects will include a 330-room Le Meridien Danang Resort and Spa on more than 8.4 hectares of land. The project will have an investment capital […]