Other Briefings
Vietnam’s MOF to Update Finance and Real Estate Regulatory Frameworks
Feb. 28 – Vietnam’s finance and real estate regulatory frameworks are set to undergo changes in the coming months, according to the Ministry of Finance. New amendments to securities regulations to come into effect in July will allow companies and investors to negotiate investments in terms of cash or assets, contingent upon the mutual approval of contracts and price agreements […]
Cai Mep Agriculture Port in Ba Ria, Vung Tau Province Reopens
Dec. 8 – Cai Mep Agricultural Port, one of the region’s largest ports, reopened on December 1. The 308-meter-long port closed to allow upgrade efforts to take place which aim to more than quadruple its capacity from 30,000 deadweight tons to 160,000 deadweight tons, and will eventually be able to accommodate 200,000 deadweight tons by […]
Russia to Help Build Vietnam’s First Nuclear Power Plant
Nov. 1 – Russia signed a US$5.6 billion deal with Vietnam on Sunday, committing Russian technological know-how to help build Vietnam’s first nuclear power plant and increase the country’s hydroelectric capacity. Vietnamese President Nguyen Minh Triet and Russian President Dmitry Medvedev oversaw the signing of the treaty during talks over the weekend in Hanoi. Construction […]
Vietnam to Open Up Express Delivery Market to Foreign Companies
Oct. 21 – To fully comply with WTO policies, Vietnam has committed to opening up its growing express delivery market to create a level playing field for both domestic and foreign express mailing companies. Vietnam’s express delivery market has seen tremendous growth over the last few years with total revenue in the sector rising from […]
Single Customs Window Pilot Project to Improve Vietnam Trade
Sept. 28 – Vietnam is working towards improving its trade process with a single window customs pilot project backed by the U.S. Trade and Development Agency. “This pilot project will help to increase revenue, enforce trade compliance regulations and reduce the cost of cargo movement into Vietnam, an increasingly important partner for the United States […]
Dong Thap Province Seeking US$1.07 Billion for Transport Investment
Sept. 22 – Dong Thap Province in southern Vietnam is seeking VND21 trillion (US$1.07 billion) in investments to upgrade its road and port systems by 2020. The province is known for its agriculture-based economy, but is working towards shifting to more industry and trade-oriented businesses. It wants to expand trade capacity by developing ports IDI, […]
Vietnam Says No to Outdated Steel Technologies
Sept. 20 – The Minister of Industry and Trade said that they will begin rejecting investment licenses for steel projects that use outdated technology. The minister, Vu Huy Hoang, cited that many have licensed steel projects that are outside the industry’s development planning and use backward technologies, causing serious environmental pollution and waste of energy.
British Tobacco Ordered to Pay US$18.2 Million in Overdue Taxes
Sept. 14 – Tax authorities have ordered joint venture firm British American Tobacco and Vietnam National Tobacco Corporation (Vinataba), located in the Dong Nai Province in southern Vietnam, to pay an estimated VND263 billion in overdue taxes from 2005-2008. The U.K.-based company will also be fined VND91 billion for its joint venture with Vietnam Tobacco […]
Vietnam Emerges as One of the Biggest Beer Markets in the Region
Aug. 31 – Vietnam is the second largest beer market in the Southeast Asian region with 1.6 billion liters consumed last year after Cambodia. The market is forecast to expand by 5.6 percent in the following years trailing behind Laos and Cambodia, reports market research company Euromonitor International. As an indication of the country’s investment […]
Use of Digital Signatures Encouraged
Aug. 25 – Vietnam’s Ministry of Industry and Trade and the Ministry of Information and Communications encouraged the use of digital signatures for government agencies and companies during a workshop held in Ho Chi Minh City on Tuesday. The use of digital signature will pave the way for the development of electronic commerce in the […]
