M&AS Set To Increase in 2012

Date: 12/03/2012

Mergers and Acquisitions (M&A) are likely to become more common this year according to economic experts, especially among companies operating in real estate, securities, information technology and consumer goods. However, enterprises and investors should be wise before the event when considering their...

Vietnam IZs Urged To Upgrade Infrastructure

Date: 12/03/2012

Japanese experts when addressing a seminar organized by the Foreign Investment Department under the Ministry of Planning and Investment (MoPI) said that Vietnam’s Industrial Zones (IZs) need to improve their infrastructure to attract small-and-medium sized enterprises (SMEs).

Transporters raise charges on higher fuel costs

Date: 12/03/2012

A large number of HCMC-based goods and passenger transport firms are preparing to increase their charges following the shocking fuel price hike on Wednesday.

Ministry mulls lifting income tax threshold in 2014

Date: 12/03/2012

The Ministry of Finance is drafting a new law on personal income tax collection, in which it recommends that the tax threshold be lifted to VND6 million ($288) a month from the current VND4 million, said Deputy Minister Vu Thi Mai at a press briefing in 8 March.

US changes anti-dumping taxes on Vietnamese tra fish

Date: 12/03/2012

The US Department of Commerce (DoC) on March 8 announced its final decision on the seventh preliminary results of administrative review (POR7) for anti-dumping duties on tra fish fillets imported from Vietnam, said the Vietnam Trade Bureau in the US.

After 15 years in operation, ConocoPhillips withdraws from VN market

Date: 06/03/2012

Viipip - The U.S. oil firm ConocoPhillips has agreed to sell all assets in Vietnam for the French partner Perenco SA for $ 1.29 billion. With this acquisition, ConocoPhillips will be withdrawn from the market to Vietnam after 15 years of operation here.

Many countries interested in Vietnam alumina

Date: 06/03/2012

The Ministry of Industry and Trade has told Vietnam National Coal and Mineral Industries Group (Vinacomin) to put Tan Rai alumina plant in Lam Dong Province into trial production in April as many countries are interested in local alumina.

IDP opens major dairy farm

Date: 06/03/2012

International Dairy Products Joint Stock Company (IDP) and the Center of Ba Vi Cow and Grassland Research have commissioned a large-scale international-standard dairy farm in the country’s north.

Vietnam high logistics costs lower businesses’ competitiveness

Date: 06/03/2012

In Vietnam, the logistics costs make up 25 percent of GDP, while transport costs account for 50-60 percent of the logistics costs, an overly high if compared with the average rate in the world.

Business in brief in 05 March

Date: 06/03/2012

(Sourced from various news agencies)

Japanese firm to build shipyard in Cam Ranh

Date: 06/03/2012

Japanese Oshima Shipbuilding Group has agreed to construct a $180 million shipyard in the central coastal province of Khanh Hoa , according to Nguyen Chien Thang, Chairman of the Khanh Hoa Provincial People’s Committee.

Becamex Tokyu to nail $1.2bn new urban area head

Date: 06/03/2012

Two large-scale projects, to be the lead actors in Binh Duong province’s development success story, have got off the ground.

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