Other Briefings
British Business Group Vietnam Opens Business Center in Ho Chi Minh City
On Tuesday June 10, the British Business Group Vietnam opened a new business center in Ho Chi Minh City. The center is intended to boost trade and investment between the United Kingdom and Vietnam.
Ho Chi Minh City Ramps Up Infrastructure Spending
Ho Chi Minh City has announced that it will require VND17 trillion (US$799 million) for transportation infrastructure development in 2014.
Ho Chi Minh City Cracks Down on Work Permits
The Ho Chi Minh City Department of Labor, War Invalids, and Social Affairs has announced that foreign workers in the city will have to apply for new work licenses when their work permits expire and will not be able to get an extension.
Ho Chi Minh City and Hanoi Report Strengthening Economic Numbers
Vietnam’s capital Hanoi and its economic center Ho Chi Minh City have both reported positive economic numbers for the first four months of 2014. April has proven to be a particularly auspicious month for both cities.
Foreign Garment and Textile Manufacturers Weave Their Way to Success in Vietnam
Garment and textile manufacturers are finding Vietnam an increasingly attractive destination to set up their operations. This enthusiasm was on full display at the recent Saigon Tex garment and textiles annual expo held in Ho Chi Minh City.
Ho Chi Minh City Government Presents Clear Plan for Future Economic Growth
Ho Chi Minh City (HCMC), Vietnam’s economic heart, has recently announced a comprehensive plan for socio-economic development through 2020. This plan will ensure that the city, in the words of the HCMC People’s Committee, “will strive to become a multi-functioning economic, social and cultural center with [a] modern infrastructure system by 2020.”
Economic Uncertainty Prevails as Vietnam Prepares to Host the 2019 Asian Games
Hanoi’s successful bid for the 2019 Asian Games has created a heated discussion on the merits of the proposed organization plan and its economic benefits.
The Rich List: Number of Vietnam’s Ultra-High Net Worth Individuals to Increase
In its 2014 Wealth Report, real estate consultancy Knight Frank has found that, over the next decade, Vietnam will have the fastest growing amount of ultra-high net worth individuals in the world.
FDI Inflows Soar in Haiphong
In the first quarter of 2014, the northern port city of Haiphong attracted more than US$235 million in FDI. It had 400 FDI projects worth US$8 billion in total registered capital. The projects’ investment areas included support industries, housing construction, services, trade and automobile spare parts manufacturing.
Hanoi GDP on the Rise in First Quarter of 2014
The Hanoi People’s Committee has reported that in the first quarter of 2014, the city’s GDP increased by 6.6 percent year-on-year.
