Other Briefings
Vietnam-Singapore Industrial Park Opens in Haiphong
Jan. 21- A US$1 billion Vietnam-Singapore Industrial Park has just opened in the northern city of Haiphong. This is the third industrial park of its kind spearheaded by the Singapore and Vietnam government. The 1,600-hectare park is located in Vietnam’s third largest city, 100 kilometers from Hanoi with easy access to the region’s largest seaport, […]
Ministry Forecasts US$25 Billion FDI in 2010
Jan. 20 – The Ministry of Planning and Investment is forecasting that FDI to Vietnam will rise by 10 percent to US$22-US$25 billion given the slowly recovering world economy. According to the Foreign Investment Agency (FIA), there were a total of 839 FDI projects implemented in the country amounting to US$21.48 billion by December 15, […]
Danang Tops Provincial Competitive Index
Jan. 15 – Danang topped the Vietnam Chamber of Commerce and Industry’s 2009 provincial competitiveness index (PCI) ranking followed by Binh Duong Province in the south. This is the second consecutive year that Danang finished first place in the index. Vietnam’s northeast Lao Cai Province ranked higher than Vinh Phuc Province to be included in […]
Ho Chi Minh City Unemployment Rate at 5.45 Percent
Jan. 8 – Ho Chi Minh City’s unemployment rate is currently at 5.45 percent after the global slowdown led 280 businesses in the city to lay off 53,000 workers and place another 16,000 on part-time basis last year. According to Voice of Vietnam, 80 percent of those laid off have already found jobs. The municipal […]
Vietnam Approves 20 Foreign Institutional Licenses for December
Jan. 7 – The Vietnam Securities Depository Agency has issued licenses to 20 foreign institutional investors in December to allow them to trade local stocks. This brings the total number of foreign institutional investors to 1,149. The government also granted 125 foreign individuals permission to trade in December making the total number to 12,429.
United States is Vietnam’s Top Foreign Investor
Jan. 6 – The United States is Vietnam’s top foreign investor for 2009 with a total capital investment of US$9.8 billion. The Foreign Investment Department says that American investment accounted for 45.6 percent of Vietnam’s total foreign investment followed by Cayman Islands at more than US$2 billion.
HCMC Targets 2.8 Million Foreign Visitors for 2010, Sees 7% Drop in 2009 Arrivals
Dec. 22 – Ho Chi Minh City hopes to welcome 2.8 million foreign visitors in 2010 after posting the first decline in arrivals since 2003 this year. La Quoc Khanh, deputy head of the Department of Culture, Sports and Tourism, said the drop of 7 percent in foreign arrivals had been expected since the middle […]
Vietnam Opens Cross-Border River Trade with Cambodia
Dec. 18 – Cambodia and Vietnam have agreed to a treaty that will open Mekong waterways to increases trade and tourism. The Treaty on Waterway Transportation legally binds Cambodia and Vietnam to reducing the official restrictions that have existed for cross-border navigation, according to the the Mekong River Commission.
Foreign ROs Dwindle with Declining Tourist Arrivals
Dec. 16 – Foreign tourism companies with representative offices in Ho Chi Minh City have closed down in the past year due to declining tourist arrivals. The number of representative offices were estimated at 16 last month from 24 in September last year reports Thanh Nien News with most of the foreign tourist companies coming […]
IBM to Develop E-Government Center for Ho Chi Minh City
Dec. 11 – IBM will develop an e-government cloud for Ho Chi Minh City to enable a one-stop solution for government services and allow better access to government information. According to technology news site, Sys-Con Media, the company will first consolidate all of the city government’s e-mail systems and web sites. IBM will also be […]
