Taiwanese US$ 160 million investment in Vietnam may go down the drain

A Taiwanese businessman’s US$ 160 million investment in a cement factory in Vietnam may go down the drain because of a policy flip-flop by a local government.

Huang Chih-peng (黃志鵬), Taiwan’s representative to Vietnam, has written letters to Vietnamese officials, from Vietnamese Prime Minister on down, urging them to solve the dispute or face the prospect of Taiwanese businesses losing interest in investing in the country.

Chen Liang-chuan (陳兩傳), the founder of Taipei-based Lucky Cement Corp (幸福水泥), poured US$ 160 million into He Duong Cement Company in Ninh Binh in 2008 after being awarded the right by the local government to mine a 72-hectare limestone field for 49 years. The project was approved by the Prime Minister and related ministries.

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Prime Minister orders crackdown on anti-government websites

Sep 13, 2012. PM Nguyen Tan Dung has ordered the Ministry of Public Security to investigate and strictly punish individuals and organizations that distribute distorted information online

He ordered the Ministry of Information and Communications to work with the Party Central Committee of Propaganda and Education to instruct news agencies to distribute objective and correct information about the country’s various facets, especially issues attracting much public attention.

The ministry was also ordered to submit a draft decree on the management, provision and use of Internet services and online information.

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Government to disband several State Owned Enterprises (SOEs)

HANOI, Sep 6, 2012. Minister Chairman Vu Duc Dam of the Government Office said the Prime Minister had closely directed the arrest of Duong Chi Dung, former head of the Vietnam National Shipping Lines (Vinalines).

Speaking at the regular press conference of the Government on Wednesday, Dam said after Duong Chi Dung had taken flight, the police issued an international arrest warrant for him. Now, Dung has been captured.

The Prime Minister strictly directed this process under the spirit that all people are equal before the law, without any exception, Dam stated. The Prime Minister also sought to clarify whether there was any act of abetting in Dung’s getaway.

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Vietnam PM in Tokyo to push atomic power, minerals

TOKYO — Vietnam’s Prime Minister Nguyen Tan Dung arrived in Tokyo Sunday on a four-day visit expected to promote Japan’s export of nuclear power plants to his country and joint development of rare earths.

Officials confirmed Dung’s arrival and said he was scheduled to attend a dinner with members of the Japanese parliament later in the day, before talks with Japanese Prime Minister Yoshihiko Noda on Monday.

According to Japanese media, Noda is expected to confirm that Japan will help build two nuclear reactors in Vietnam, despite the atomic plant crisis at Fukushima triggered by the March natural disaster.

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Int’l chambers petition Gov’t to change labour rules

HCMC, Jul 27, 2011. Several foreign business chambers and associations in Vietnam have just sent a joint petition to the Prime Minister seeking reversal of new rules on foreign labor in Vietnam that will take effect next week.

The foreign business community said that provisions in Decree No.46/2011/ND-CP on recruitment and management of foreign employees in Vietnam that becomes effective on August 1 would adversely affect their business activity, and that they had not been consulted with during the process of the decree being prepared.

The petition was sent to the Prime Minister, relevant agencies and diplomats on July 22, and was signed by several foreign business groups. They include the Canadian Chamber of Commerce, the Nordic Chamber of Commerce, the Swiss Business Association, the French Chamber of Commerce, and the German Business Association.

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Vietnam Deputy PM nominated National Assembly Chairman

Jul 22, 2011. Vietnam’s Deputy Prime Minister Nguyen Sinh Hung was on Friday nominated to be the Chairman of the 13th National Assembly during the assembly’s first session.

Nguyen Phu Trong, Party General Secretary and current Chairman of the National Assembly, announced the nomination on behalf of the assembly’s Standing Committee, the Tuoi Tre newspaper reported.

Hung, 65, has been an NA deputy for 14 consecutive years and member of Party Central Committee for four consecutive terms, news website VnExpress said.

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Summary of Issues and Advocacy (all)

AmCham’s objective is to promote trade and investment between Vietnam and the United States, in particular by working to improve business conditions. One of the key activities of AmCham, as provided for by the DECREE OF THE GOVERNMENT Promulgating the Regulations on the Establishment of Foreign Business Associations in Vietnam, Decree No. 08/1998/ND-CP, dated 22 January 1998, is:

” … to represent the Association in putting forth proposals and measures to Vietnamese state managment authorities for the puprose of protecting the lawful rights and business of member businesses and contributing to the creation of a healthy business environment.”

AmCham Position Papers, Proposals to Vietnamese and U.S. Authorities, and Background Information


Aug 16VBF Consultation Meeting on Draft Decree on IT, Decree v3.8, Comments
Feb 10AmCham Submission to USTR: Intellectual Property Rights in Vietnam

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