Tax reduction just helps reduce losses: distributor

Date: 25/04/2009

While talking about the Ministry of Finance’s decision on slashing the import tax from 35% to 25%, Vuong Thai Dung, Deputy General Director of Petrolimex, which now holds 60% of the market share, stressed that the tax reduction just could help enterprises reduce losses, it would not help slash retail...

Vietnam envisaged having 1,000 urban towns by year 2025

Date: 25/04/2009

Vietnam will have around 1,000 urban areas with a combined population of 52 million by 2025, according to a master plan just approved by the Government.

Indochina Plaza breaks ground in capital city

Date: 25/04/2009

Indochina Land, a part of Indochina Capital, yesterday held a ground breaking ceremony for a US$150 million project to build Indochina Plaza Ha Noi (IPH).

Sembcorp eyes investment diversification in Vietnam

Date: 25/04/2009

Singapore-based Sembcorp Industrial Parks Ltd., known as the leader in industrial parks development in Vietnam, is diversifying its investments in other business areas while still maintaining the pace of developing industrial estates, a top executive said on Tuesday (14 April 2009).

Garment exporters aim high

Date: 25/04/2009

The textile and garment industry has been targeted to gain an export turnover of 12 billion USD by 2010 under a new strategy approved by the Ministry of Industry and Trade (MoIT).

Exports to Japan may soar after trade deal

Date: 25/04/2009

The number of Vietnamese exports to Japan is expected to soar, following an agreement between Japan and Southeast Asian countries on the elimination of tariffs on nearly 80 per cent of Vietnamese goods.

Business in brief 15/02/2009

Date: 25/04/2009

Construction of new cement plant starts in Quang Binh

ITA Group opens biding for $2.5bil power, sea-port complex

Date: 25/04/2009

The HCM City-based Tan Tao (ITA) Group yesterday unveiled plans for a huge power and seaport complex and solicited bids by international contractors.

Many companies lowering 2008 business targets

Date: 25/04/2009

The fiscal year is ending, but several companies have just announced adjustments of their turnover and profit plans for this year, surprising shareholders with big adjustments. Are the late announcements the result of poor forecasts by enterprises or were they deliberately delayed to prevent share price...

Ba Ria-Vung Tau looks to US$12 billion in FDI

Date: 25/04/2009

The southern coast province of Ba Ria-Vung Tau is expected to draw nearly US$12 billion in foreign direct investment (FDI) capital by the year-end, up US$10 billion from 2007, an official said.

PM approves plan for new port city hub

Date: 25/04/2009

Prime Minister Nguyen Tan Dung has approved a master plan for transforming the Chan May - Lang Co Economic Zone in central Thua Thien Hue Province into a modern international commercial hub by 2025.

Singapores Mapletree cuts deal to build business park in Binh Duong

Date: 25/04/2009

Singapore’s leading real estate developer Mapletree Investment Pte. Ltd. yesterday cut a deal with Vietnam’s Becamex IDC Corp., allowing the Singapore partner the exclusive right to develop a 75-hectare business park in the southern province of Binh Duong.

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