March 26, 2012 (Vietnamica) – A project of “National Coffee Cluster” has been submitted to the Government by the privately-run Trung Nguyen Coffee. The new agro-industrial prototype is expected to increase the country’s coffee export revenue to US$20 billion, ten times higher than current level. In addition, sustained growth of coffee industry would create five to six million jobs. To this end, a role model will be carried out at EaTul commune, Cu M’Gar district, Dak Lak province this year.
March 19, 2012 (Vietnamica) – The Business Forum – mouthpiece of VCCI – has reported that Hanel Hanoi has fully acquired Deawoo Hotel Hanoi.
March 6, 2012 (Vietnamica) – The Vietnam’s Ministry of Finance disclosed that it plans to legalize sports betting, adding this would help limit the social damage caused by underground gambling syndicates. There are a few of casinos in Vietnam where only foreigners are allowed to enter. Meanwhile, many Vietnamese regularly cross the border to gamble at Cambodian casinos. The Minister of Finance – Vuong Dinh Hue – has recently paid a visit to Singapore in order to learn how large-scale betting operations work (WSJ, Mar 5).
Hungarian Business Group Exploring Opportunities in VietnamFebruary 26, 2012 (Vietnamica) — A Hungarian, privately-run, leading business group has been exploring business opportunities in Vietnam. Spending more than 20 years on various businesses namely community credit funds, agriculture, hotel and tourism, retails, M&A, the Group is strongly interested in securities and forex markets in Vietnam. All collaborations are open to discussion while the Group determines on opening its Vietnamese operations no later than the end of 2012.
Quang Ninh Asks for Permission on Casino ComplexFebruary 8, 2012 (Vietnamica) — Quang Ninh has asked the central government and the politburo for permission on opening casino businesses in Van Don Economic Zone (Thanh Nien News, Feb. 7).
January 29, 2012 (Vietnamica) — The Vietnamese government has decided to pilot a value-added-tax refunds scheme for foreign visitors in July. Foreigners who purchase in Vietnam and leave the country via Noi Bai Airport in Hanoi or Tan Son Nhat Airport in Ho Chi Minh City will receive VAT reimbursements (Thanh Nien News, Jan 28).
