Vietnam draws up roadmap to eliminate monopoly in power sector

A solution for the power industry has been put into discussion: selling entire power plants to investors after they are put into operation.

PM Nguyen Xuan Phuc hold talks with Lao counterpart

Lao Prime Minister Thongloun Sisoulith started a visit to Vietnam on July 5 at the invitation of the host PM Nguyen Xuan Phuc

State Audit of VN notes high pay for foreign specialists in ODA projects

A foreign specialist in an ODA (Official Development Assistance) project can receive VND500-700 million a month, while pay for a Vietnamese specialist is just tens of millions of VND.

Covid-19 affects 30.8 million employees in Vietnam

Some 30.8 million employees aged over 15 in Vietnam had been left reeling from the coronavirus pandemic by June, with roughly eight million being laid off or having their working hours reduced and 17.6 million given salary cuts.

Is it time to remove schools for the gifted in Vietnam?

Dr Nguyen Duc Thanh believes that the Hanoi-Amsterdam High School for the Gifted should be closed down or sold to private investors.

Auto dealers deemed main beneficiaries of registration fee cut

Auto dealers have proved to be the biggest beneficiaries of the Government's move to introduce a 50% cut in car registration fees, and not car buyers, as expected, 

Vietnam's northern region prepares for natural disasters

The Central Steering Committee for Natural Disaster Prevention and Control has asked ministries, sectors and local governments to prepare for flooding as a result of heavy downpours in the northern region in the coming days.

 

British pilot healthy enough to fly home on July 12

Vietnam’s most critically ill COVID-19 patient has recovered well and is now in good enough health to be flown back home to the UK on July 12 as per the request of the UK Embassy in Vietnam.

 

More streetfront houses up for sale in HCMC center

More landlords want to sell townhouses after Covid-19, which has caused prices of houses in inner HCM City to slightly decrease in the second quarter.

What SMEs should do to be safe from ransomware attacks

Ransomware attacks have gradually decreased in number globally, but are fast becoming business-centric, according to global cybersecurity company Kaspersky.

 

VIETNAM'S BUSINESS NEWS HEADLINES JULY 5

Agriculture ministry bullish on export targets despite pandemic

Hanoi stops renovation and repair of old villas

Villas and architectural works built before 1954 in Hanoi will not be licensed for renovation and repair in the near future.

 

VASEP decries taxes on semi-processed and processed seafood

Tax agencies have slapped many firms with a corporate income tax on semi-processed seafood products at 20%, while their products for exports or domestic consumption that are mainly processed, 

Authority plans to make Hanoi greener

Hanoi authorities have set a goal of planting 600,000 trees in the inner city this year.

 

District and commune-level administrative units to be streamlined

Six administrative units at district-level and 546 units at communal level have been streamlined under a plan of rearrangement of administrative units for the 2019-2021 period, said the chief of Office of the Ministry of Home Affairs.

 

Domestic property market faces uncertainty

The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.

 

Total number of COVID-19 cases remains unchanged at 355

No new cases of COVID-19 were reported on July 4, leaving the total number of confirmed cases at 355, according to the national steering committee for COVID-19 prevention and control.

Thu Thiem project: HCMC seeks to penalize violators

HCMC is set to report a plan to penalize 66 officials who committed violations related to the Thu Thiem New Urban Area in the city’s District 2 to the Inspection Commission of the Party Central Committee this month.

Hanoi FC offer to help pay for Van Hau to continue loan spell

Hanoi FC will help pay Doan Van Hau's salary to stay at SC Heerenveen if the club can prove they want to keep the Vietnamese national team player, according to the club's president Do Vinh Quang.

 

China remains major market for Vietnam’s farm produce

The first consignments of litchis grown in Hai Duong province shipped to Singapore hit the newspapers.

Nine more expressway contractors suspected of construction violations

Nine more former contractors have been accused of irregularities in the construction of a 139-kilometer-long expressway whose severe deteriotion was reported shortly after its opening in central Vietnam.

Hundreds of foreigners likely to enter HCMC for work

The HCMC government has written to the Immigration Department under the Ministry of Public Security to allow 437 foreign experts, managers, skilled workers and investors to enter Vietnam for work.

RealStake secures seed funding

The tech start-up RealStake announced it has closed seed funding from the 500 Startups Vietnam venture capital fund, as well as angel investors in realty, retail and banking industries.

 

Hanoi moves towards approving construction of third Aeon Mall

The proposed construction of a parking lot and the Aeon Mall Hoang Mai Trade centre will soon be decided upon by the Hanoi People's Committee as Prime Minister Nguyen Xuan Phuc has approved the adjustment of the city's construction planning.

 

Pork and oil prices key to keeping inflation in VN under control: experts

With huge inflation pressure on the way in the remaining months of this year, a close watch must be kept on the prices of key products like oil and pork to hit the goal of keeping inflation below 4 per cent, experts have said.