Vietnam’s power development strategy

The PM Phan Van Khai has early this month approved a decision on the development strategy for power generation during the period of 2004-2010 and orientation towards 2020.

Import tax imposed on electronic products to be adjusted

Vietnamese electronics manufacturers are afraid that they will lose out to imports from other Southeast Asian countries when the new tariff rates under the Asean Free Trade Agreement take effect next year. Vietnam now applies import tax rates of 15-20 percent on audio-video products.

Vietnam to open up its retail market to foreign businesses

Vietnam is under regional and bilateral commitment to open up its retail market to foreign businesses. Malaysia-based Parkson Corporation has been lobbying hard for a license to operate a retail chain in Vietnam, local sources reported.