Other Briefings
Savills: Danang Tourism Property Market Taking Off
Dec. 9 – The central coast city of Danang’s tourism property segment is emerging said real estate company Savills Vietnam. Savills said that projects for villas are emerging quickly in the area with developments along the Son Tra-Dien Ngoc coastal road from Danang to Hoi An to be finished in a few years time.
Danang Port Opens Local Container Sea Route
Oct. 13 – Danang Port in Central Vietnam has opened a new domestic container sea route for the shipment of consumer goods, food products and construction materials destined for the local market. This will help establish a trade route that links Ho Chi Minh City to Danang to the Hai Phong Ports. The new route […]
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 […]
Can Tho City Reports Fastest GDP Growth
Jul. 15 – Can Tho City located in Vietnam’s Mekong Delta registered the fastest growth in gross domestic product (GDP) at 7.8 percent followed by Haiphong with 5.8 percent; Danang with 5.1 percent; and Ho Chi Minh City with 4.6 percent for the first half of the year. Hanoi was at fifth place with a […]
E-Customs Clearance Process Still Limited
HO CHI MINH, Jul. 14 – Despite being offered on a trial basis in Ho Chi Minh City and Hai Phong since 2005, the e-customs clearance service is still bogged by inefficiencies and delays. City customs departments are ill-equipped to handle the surge of applications because of insufficient bandwidth capacity sometimes aggravated by the country’s […]
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 […]
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 […]
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 […]
Vietnam to Upgrade its International Airports
May 6 – Vietnam plans to establish ten international airports across the country through the expansion of existing facilities and the construction of new ones, according to a recent zoning plan released by government authorities in Ho Chi Minh City. The plan, drawn up by Vietnam’s Ministry of Transportation, will include renovations and massive upgrades […]
Japan’s FamilyMart to Expand in Vietnam
Apr. 27 – In a joint venture with Phu Tai Group, the Tokyo-based convenience store FamilyMart will set up its first store in Vietnam later this year. FamilyMart’s primary shareholder, the trading house Itochu Corporation, will assist with product development and distribution in the Southeast Asian country with the goal of establishing 300 stores by […]
