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As construction of Ke Ga Port for alumina transport in Binh Thuan Province has deadlocked, the government has ordered formulating a new scheme in which alumina would be transported via Vinh Tan Port in the same province.
Japanese rice experts will run a test on the cultivation of a Japanese rice variety called Hikarisinseki in Dong Thap Province in collaboration with Vinh Hoan and Kanematsu Corporations.
Viet Nam has plunged 10 places from last year to be ranked 75th out of 144 economies in the Global Competitiveness Index (GCI) 2012-13, according to a report released by the World Economic Forum in Sept 2012.
Since it is key to the central region and home to multiple beautiful beaches and tourist destinations, Danang is becoming attractive to local and foreign tourists and investors. This explains why hotel and resort development there is at full throttle.
PwC Vietnam’s deputy general director Stephen Gaskill, associate director Bjoern Maack and manager Le Nguyen Khoi write that Vietnam’s economy can benefit from taking the e-commerce road.
A report on Vietnam’s macro economy and future prospects of the Vietnamese market announced by the Hong Kong-Shanghai Banking Corporation (HSBC) in October 2012 shows that the Vietnamese economy will recover in the fourth quarter of this year.
The National Assembly last June passed the new Law on Advertising, which replaces the 2001 Ordinance on Advertising.
"Changes are needed to the Investment and Enterprise laws to eliminate barriers that have prevented businesses from investing in Viet Nam," participants at a roundtable discussion said at a conference held in Sept 2012 in HCM City.
Traders will have to deposit VND5 billion (USD240,000) in environmental fee charges to destroy outdated inventories that can’t be re-exported or illegal temporary imports.
US-based Export-Import Bank (Eximbank) has approved a loan of USD118 million for the Vietnam Posts and Telecommunications Group (VNPT) to buy satellites and services from US aerospace giant Lockheed Martin.
Japanese petroleum giant Idemitsu Kosan will expand its footprint in Vietnam.
While Vietnam is targeting to attract more foreign investment, opaque definitions of a foreign-invested company are causing big barriers for foreign investors to enter this market.
