Other Briefings
First Vietnam WTO Trade Policy Review Set for 2012
Aug. 23 – Vietnam’s first trade policy review (TPR) is set for 2012 following the requirements of its membership in the World Trade Organization. The Ministry of Industry and Trade announced the schedule of the TPR during a seminar held in Hanoi on August 12. WTO members are all required to conduct regular TPRs and […]
Dung Quat Economic Zone to Expand into an Industrial City by 2025
Aug. 9 – Quang Ngai Province authorities in south central Vietnam are proposing plans to expand the Dung Quat Economic Zone into an industrial city by 2025. There are plans to develop the economic zone from 10,300 hectares to 45,332 hectares; adding heavy industrial production facilities for the petroleum and chemical business in addition to […]
New Issue of Vietnam Briefing: Establishing Representative Offices in Vietnam
Aug. 4 – In this issue of Vietnam Briefing, we look at the process of establishing representative offices in Vietnam. As the second best performing economy in the region this year, many foreign investors are now considering building a presence in Vietnam to take advantage of the robust growth. A representative office is the simplest […]
E-Customs Clearance Now Available for Lao Cai Border Gate
Aug. 3 – Electronic customs declaration and clearance is now available for trade passing by the Lao Cai border gate beginning August 1. The province is the eleventh one to adopt the process for trading goods.This will make it easier for companies selling goods to China via the Lao Cai border to easily declare customs […]
Foreign Investment in Ho Chi Minh City Up by 14.8 Percent
Jul. 30 – Foreign investment in Vietnam’s financial capital was up by 14.8 percent to US$1.19 billion during the first seven months of the year. Ho Chi Minh City’s economy seems to have recovered with retail sales of goods and service posting high returns at VND205 trillion, an increase of 32.1 percent from the previous […]
Danang City Lures US$2.8 Billion Worth of FDI
Jul. 26 – The major port city of Danang in central Vietnam has so far lured in US$2.8 billion worth of foreign direct investment. A majority of the investments were poured into 29 realty projects comprising of up to 73 percent of the city’s total FDI. Danang’s largest foreign investor was the British Virgin Islands […]
Dezan Shira Hire More Staff in Vietnam
HANOI, Jul. 26 – Dezan Shira & Associates is hiring more legal and tax staff in Vietnam, according to the firm’s principal, Chris Devonshire-Ellis. “Vietnam is recovering quickly from the fall off in FDI it experienced due to the global downturn, and this, coupled with a change in the economic dynamics in China is spearheading […]
Investments in HCMC Economic Zones Up by 176 Percent
Jul. 23 – Economic and industrial zones investments in Ho Chi Minh City rose by 176 percent during the first half of the year reaching US$320 million. More than 70 percent of investments made in the zones, approximately US$225 million, came from local investments. Companies located in the zones reported a total export turnover worth […]
New Commercial Arbitration Law to Help Resolve Disputes Faster
Jul. 21 – Vietnam’s new Commercial Arbitration Law, set to take effect from January 1, 2011, is expected to help local and foreign businesses resolve disputes quicker outside of the court of law. The new law was approved on June 17, 2010 by the National Assembly and will provide an important legal foundation for businesses […]
Public Private Partnership Deal for Expressway in Dong Nai Province Approved
Jul. 19 – The expressway project that will link Dau Giay located in Dong Nai Province with Phan Thiet town in Binh Thuan Province has been approved by authorities under a public private partnership deal. Provincial authorities will be in charge of site clearance and compensation while construction will be led by the Binh Minh […]
