Other Briefings
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 […]
Largest Software Park Approves US$316.45 Million Worth of Projects
By Fan Feng Jul. 9 – The country’s largest software park and high-tech industrial area, Hoa Lac Hi-Tech Industrial Zone, has approved the investment licenses of four projects worth a total of US$316.45 million. Shipbuilder Vietnam Shipping Industrial Group invested US$85.6 million for the Vietnam Ship Research Institute to house its national research and design […]
HCMC Announces Changes to Business Registration
Jun. 30 – Beginning July 3, the process of obtaining a business registration in Ho Chi Minh City will be streamlined to become less time consuming and simpler. In the past, businesses had to apply for tax registration after registering their business with the Planning and Investment Department. The government is now accepting applications for […]
Vietnam Approves US$438 Million Railway to Cambodia
Jun. 18 – Vietnam is set to build a 128.5 kilometer railway linking Ho Chi Minh City to the border with Cambodia at a cost of US$438 million. Construction will begin next year. The railway will form part of the Trans-Asia Railway linking Singapore and Kunming, China, the Ministry of Transport said in a statement. […]
Hanjin Shipping to Launch Direct Vietnam-U.S. Service
Jun. 16 – South Korean shipping company, Hanjin Shipping (HJS), will launch a direct service between Vietnam and the United States on June 21; the third major container line to do so. The new service is called the South East & Japan Express (SJX) and will focus on the Vietnamese and South East Asian markets […]
Hanoi Stock Exchange to Open on June 24
Jun. 15 – Vietnam will soon re-launch the Hanoi Securities Trading Center as the Hanoi Stock Exchange to serve as a new trading floor for unlisted public companies on June 24. The country’s main bourse will still be the Ho Chi Minh Stock Exchange while the Hanoi Stock Exchange will provide the market for listed […]
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 […]
Vietnam Implements Policies to Promote Tourism
Jun. 8 – In an effort to boost tourism, Vietnam is implementing new policies to cut taxes and offer value added tax refunds to tourists. Deputy Minister of Culture, Sports and Tourism Huynh Vinh Ai speaking at a recent forum held in Ho Chi Minh City, said that cars with 25 seats or more meant […]
Ministry to Help in Pending FDI Disbursement
Jun. 3 – Vietnam’s Ministry of Planning and Investment announced that it would help Ho Chi Minh City focus on its top 50 foreign direct investment (FDI) projects that are pending disbursement. These projects will impact the city’s economic and social situation in the coming time but are facing difficulties in disbursement, Phan Huu Thang, […]
