VIETNAM BUSINESS NEWS MAY 31

Five-month tax revenue ups 16.5 percent

Rice-paper cracker dish in central Vietnam: Cheap delicacy

“Banh dap”, a fine combination of roasted rice paper and steamed rice pancake, is a cheap delicacy in the central region with unique flavors.

Foreign arrivals to Vietnam jump 4.5-fold in five months

Foreign arrivals to Vietnam jumped 70.6 percent month-on-month in May, following the removal of travel restrictions and over two weeks of SEA Games 31 competitions, according to the General Statistics Office (GSO).

VIETNAM NEWS HEADLINES MAY 31

Legislators debate adjustments, supplements to Law on Intellectual Property

Vietnamese steel pipes face U.S. probe into evasion of trade remedies

The United States has received a petition from US-based steel producers demanding a tax-fraud probe into several steel pipe products imported from Vietnam.

Stock market: worrying numbers

The stock market of Vietnam fell for six consecutive weeks with a drop of over 20%. Liquidity also fell sharply, causing concern.

Unilever introduces three programs to reduce CO2 emissions in its value chain

Amplifying the success of the conference "Carbon net zero value chain", Unilever Vietnam has introduced three specific programs to collaborate with its partners for greenhouse gas emissions reduction within its entire value chain.

Nine Vietnam exporters suspended from shipping tra fish to China

Nine local tra fish exporters have been suspended from shipping the fish to China after many of their batches were found infected with Covid by the northern neighbor’s customs.

Vietnam Airlines completes sale of 35% stake at Cambodian flag carrier

The airline plans to sell the remainder of its stake in Cambodia Angkor Air this year.

Engineer quits high-paying job to make agarwood bonsai

Quitting a job with an income of more than US$1,000, Thai was determined to pursue his passion for woodworking and is now known for a new profession - creating bonsai from agarwood.

Banks told to rollout low-interest businesses loans

Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.

EVN asked to take over Phu My 2.2 and Phu My 3 thermopower plants

The Ministry of Industry and Trade (MoIT) asked the prime minister to assign EVN to handle Phu My 2.2 and Phu My 3 thermal power plants once the 20-year contract terminates.

Lack of blockchain training obstructing real progress

The lack of curriculum and well-trained blockchain training facilities has forced businesses in the field to take on the role of recruitment and training at the same time.

NA's committee proposes making history compulsory subject at senior high schools

The National Assembly's Committee for Culture and Education has submitted a report affirming that many voters, experts, scientists and teachers disagreed with a plan to make history a selective subject in senior high school curriculum.

Last cashew nut containers in Italy scam freed

The last of the 35 cashew nut containers, the original documents of which were claimed by Vietnamese exporters to be missing because of a suspected scam, have been ultimately released under an Italian court rule.

UNESCO prize -winning painting sold for US$8,000

Hanoi IT student’s painting which won the first prize of a UNESCO contest - the “Hanoi’s Street Vendor” - has recently sold for $8,000.

Most transport projects are 3-5 years behind schedule

Foreign invested enterprises (FIEs) need transport connections more than tax incentives. They are aware that most transport projects in the country are often behind schedule.

Famed Australian filmmaker in talks on Hai Ba Trung biopic

Australian film director, producer and screenwriter Phillip Noyce, who directed Graham Greene’s The Quiet American is discussing with Vietnamese filmmakers a biopic about Vietnam’s legendary Trung sisters.

Putting investors’ mind at ease

At a meeting with 23 securities companies and market members on May 14, the State Securities Commission (SSC) asked local stock exchanges to disclose information about proprietary trading by securities companies.

Industrial land in HCM City almost twice as expensive than in the north

The industrial land rent in HCM City is $198 per sq m per rental period, while the figures are just $34 in the central region and $109 in the north.

New policies take effect in Vietnam from June 2022

A series of new policies on chip-based ID cards, online ordinary passport issuance, state budget-sourced supporting interest rate for loans borrowed by businesses will come into effect from July 2022.

Customs clearance resumes at Mong Cai border crossing after three-month hiatus

After 3 months of suspension due to the Covid-19 epidemic, the temporary pontoon bridge Km3+4 in the city of Mong Cai, Quang Ninh province has been resumed again.

There is no ground to cancel nuclear power planning: Minister

There is no ground to eliminate nuclear power planning, Minister of Industry and Trade Nguyen Hong Dien said on May 30.

Foreign tourism rises, Vietnam is top searched destination

Vietnam received 365,300 foreign travelers in the first five months of the year, or 4.5 times higher than the same period last year, but 95 percent lower compared with the same period in 2019.

Rising input costs hit Vietnamese enterprises

Vietnamese enterprises are facing rising costs in fuels and materials for production due to the ongoing Russia-Ukraine conflict, experts have said.