Unlimited foreign share-holding in local companies suggested

Vietnam may lift the restriction in the volumes of shares that foreign investors are allowed to hold in Vietnamese joint-stock companies, said the Ministry of Finance Monday.
In a news conference Dec. 27 to introduce a decree on the equitization of state-owned enterprises, Ms. Le Thi Bang Tam, Deputy Finance Minister said the ministry is suggesting that no limits are set on foreign entrepreneurs’ right to buy shares.

So far, Vietnamese law permits a foreign investor to hold only a maximum of 30 per cent of shares in a Vietnamese company.

Unbiased treatment

U.S. companies to build recreation complexes in VN

Two American companies, Andy Dye and Three, will pair up with a Vietnamese partner to build a recreation complex, a golf resort and a five-star hotel in Vietnam.

The two American companies on Dec. 17 signed a memorandum of understanding with Au Lac Ltd. Co. to form a joint-venture called the Ha Long Bay Group.

National Assembly official meets Washington media

Washington, Dec. 11 (VNA) - Ton Nu Thi Ninh, Vice Chairwoman of the Foreign Affairs Committee of the Viet Nam National Assembly, has met with the press in Washington during her current working visit to eight States and 12 cities in the US.

UNITED AIRLINES LAUNCHES HISTORIC U.S.-VIETNAM SERVICE

United Airlines Press Release

Chicago, December 9, 2004 -- United Airlines (OTCBB:UALAQ.OB) today launched the first scheduled flight of a U.S. airline to Vietnam in almost 30 years, the culmination of years of hard work and close cooperation between the governments of both countries.

Vietnam-U.S. trade is “blooming”: US Consul General

Ho Chi Minh City’s U.S. Consul General Seth D. Winnick talked about the new direct air flights between the two countries and their trade prospects.

What do you think about the launch of direct flights from Vietnam to San Francisco?

It is very important because there has not been direct air service between the U.S. and Vietnam for 30 years, so it’s very significant. It demonstrates that Americans are coming to Vietnam, air traffic is going up, tourism is going up, and business is going up.”

Robust U.S. – Vietnam trade marks 3rd anniversary of BTA

Even the governor of Washington State came to promote American apples in a Vietnam marketplace
The Vietnam-U.S. Bilateral Trade Agreement (BTA) has been in effect for three years with a most notable achievement of robust two-way trade growth, making the U.S. one of the top ten investors in Vietnam.
Two-way trade between Vietnam and the U.S. has increased considerably since the BTA went into effect on Dec. 10, 2001. Trade revenue jumped to nearly $ 5.8 billion US in 2003 from $ 1.4 billion in 2001.

Increased two-way trade

Americans Pleased To Be Back

Sai Gon Times Weekly, 12/4/2004

A short interview with Mr. Joe Mannix, United Airlines country manager, Vietnam

Do you think the competition over Vietnam-US flights will be fierce? What will United Airlines do to ensure its own success?

United Airlines Starts Ball Rolling

United hopes it can build its business by enticing tourists to Vietnam using its own staff and special promotions

By Tan Duc, Sai Gon Times Weekly, 12/4/2004

From December 11, United Airlines will add Vietnam to its network, becoming the first U.S. airline to fly here since 1975.

U.S. film maker sets sights on Vietnam tourism show

American filmmaking company Sweet Basil Production is seeking permission to produce a film series promoting the country’s tourism industry for U.S. and Canadian television stations.
The series will have 12 segments each lasting 60 minutes featuring Vietnam’s gastronomy arts, beautiful landscapes and cultural traits, according to Sweet Basil Production.

Famous Vietnamese chef Tomy Tang will also prepare and introduce Vietnam’s favorite delicacies on the series.

Vietnam shrimp prices rise after DOC tax drop

The prices of raw shrimp in Vietnam have risen following the recent U.S. Department of Commerce (DOC) decision to reduce penalty tariffs on shrimp imports from Vietnam, said a Vietnamese seafood producers group.
Vietnam’s shrimp exports to the American market will likely increase again as a result of the tariff reduction, predicted Mr. Luc, and shrimp prices will possibly continue rising into early next year, he added.

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