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Report: Salaries in Vietnam are the Lowest in the Region
Jun. 8 – According to a Japan External Trade Organization (JETRO) report, the amount spent by companies on wages, land rent and power in Vietnam last year was competitively lower compared to other countries in the region. The report looked at last year’s business costs in 30 cities across the region. It said that Japanese […]
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Vietnam Implements Policies to Promote Tourism
Jun. 8 – In an effort to boost tourism, Vietnam is implementing new policies to cut taxes and offer value added tax refunds to tourists. Deputy Minister of Culture, Sports and Tourism Huynh Vinh Ai speaking at a recent forum held in Ho Chi Minh City, said that cars with 25 seats or more meant […]
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Cambodia to Open 3 New Border Crossings with Vietnam
Jun. 5 – Cambodia is set to open additional border crossings with Vietnam by next month to encourage more tourism and trade between the two countries. When the new border crossings are open it will allow more vehicles to arrive per day from the previous 150 to 500. The news was announced by Cambodia’s Minister […]
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New Deal Brings Serious Money to Vietnamese Soccer
Jun. 5 – In signs that commercial sport is increasing in value in Vietnam, Haiphong Cement FC, who play in the country’s 14 club senior V-League, have just signed former World Cup winning Brazilian superstar Denilson, once the world’s most expensive player. Denilson, who broke the world record transfer fee when Real Betis paid Sao […]
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Vietnam, One of the Top 10 Offshoring Destinations in the World
Jun. 4 – According to U.S. consultancy group, A. T. Kearney, Vietnam ranks as one of the ten most attractive offshoring destinations in the world. Vietnam’s ranking climbed by 9 places to number 10, from a ranking of 19th place in 2007. In its 2009 report, Kearney cited that Vietnam’s software processing industry is expanding […]
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Ministry to Help in Pending FDI Disbursement
Jun. 3 – Vietnam’s Ministry of Planning and Investment announced that it would help Ho Chi Minh City focus on its top 50 foreign direct investment (FDI) projects that are pending disbursement. These projects will impact the city’s economic and social situation in the coming time but are facing difficulties in disbursement, Phan Huu Thang, […]
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Free Certificate of Origin for Lao Cai Border Exports
Jun. 2 – Vietnam’s Ministry of Industry and Trade is offering free certificate of origin (C/O) for agricultural products being exported to China via the Lao Cai border gate. This measure was undertaken to make it easier for Vietnamese companies to export their agricultural products to China. The Lao Cai import-export management department has so […]
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First Deepwater Container Terminal Opens
Jun. 1 – Vietnam’s first deep-water container terminal was inaugurated last Saturday in the southern province of Ba Ria-Vung Tau. The new SP-PSA International Port on the Cai Mep-Thi Vai River in Tan Thanh District will now make it possible for Vietnam to have direct shipping access to the U.S. market. “This is of great […]
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Foreign Investment Drops by 76 Percent
May 27 – According to the Ministry of Planning and Investment’s Foreign Investment Agency, foreign investment during the first 5 months of the year dropped by 76 percent to US$6.68 billion compared to the same period last year. Only 256 new foreign-invested projects worth US$2.7 billion were licensed, a 89 percent plunge from previous figures […]
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IBM Innovation Center Opens in Vietnam
May 26 – IBM has opened an innovation center in Ho Chi Minh City to provide businesses access to digital infrastructure technologies for the telecommunications, finance and energy industry. According to IBM, Vietnam has the highest internet penetration rate among developing countries. The center will offer training workshops, consulting services and assistance to help test […]