Other Briefings
Vietnam to Waive Visa Fees for August and September
Apr. 27 – Vietnam will waive visa fees for foreign visitors to the country from August to September as part of the “Impressive Vietnam Grand Sale 2010” campaign. Foreign tourists can claim a refund of value added tax when they buy goods during the two month program. Tourist-related businesses in Hanoi, Danang, and Ho Chi […]
Vietnam Begins Construction of US$33.8 Million Road
Apr. 21- Construction of a 550-meter long road section began in Hanoi on Saturday with an expected cost of VND642 billion, or US$33.8 million. The project is considered the most expensive road to be built in the country, costing more than VND1 billion (US$52,617) per meter and spanning from Cho Dua Gate in Dong Da […]
New Issue of Vietnam Briefing: Managing Human Resources in Vietnam
Apr. 15 – In this issue of Vietnam Briefing magazine we tackle the legal aspects of managing human resources in the country. Many foreign investors move operations to Vietnam to take advantage of its large, skilled and inexpensive labor force. As the economy expands further and more business enters the country, it will increasingly become […]
Foreign Companies Dominate Real Estate Service Market
Apr. 14 – Foreign real estate service providers dominate the market in Vietnam with an estimated 90 percent of market share, reports Vietnam Net Bridge. The top three companies in the industry are foreign players CBRE Vietnam, Savills Vietnam and Colliers, followed by local service providers like Megagroup, Eden, Him Lam and VietRees.
International Trade Fair Opens in Hanoi on April 14
Apr. 13 – The 20th Vietnam International Trade Fair, also called the Vietnam Expo 2010, will be held in Hanoi from April 14-17. The fair will bring together 700 stalls from 400 companies originating in 20 localities all over the country, as well as companies from 17 countries and territories. This year’s theme is “Vietnam […]
Hanoi’s Investment Zones Attracts US$30 Million from January to March
HANOI, Apr. 12 – Investment in the capital city’s industrial zones increased during the first three months of 2010 amounting to US$30 million. The figure is two and half times higher compared to the same period last year comprising of investment licenses to 8 projects: three of them from foreign investors and five from domestic […]
Quang Trung Software City in HCMC to Become Major IT Park
Apr. 9 – Quang Trung Software City (QTSC) located in Ho Chi Minh City will soon be developed into a major information technology park. The software park has been in operation for nine years with a total area of 430,000 square meters designated for software production, research, training, development and distribution. Chu Tien Dung, general […]
More Labor Inspections Slated for Hanoi Industrial Parks
HANOI, Apr.8 – Local authorities will soon conduct more labor inspections in Hanoi’s industrial parks after a series of worker strikes. In March, 60 Vietnamese workers from Endo Stainless Steel went on strike demanding more pay, subsidies and decreased working hours. “We will launch many inspections of enterprises following signals that workers’ interests have been […]
Foreign Currency Restrictions in Vietnam
Apr. 1 – Companies and residents in Vietnam are all subject to foreign currency restrictions placed by the government. While the Vietnamese dong is the country’s official currency, U.S. dollars are widely-used as a more stable alternative to the fluctuating domestic currency. The government has been devaluing the dong often to cap inflation and its […]
HCM City Clamps Down on FDI in Real Estate Sector
Mar. 19 – The Ho Chi Minh City government has canceled the licenses of 40 foreign direct investment projects in the real estate sector worth US$1.77 billion which have remained stagnant. The real estate sector is one of the top avenues for foreign direct investment in the city although fund distribution has been slow and […]
