Vietnam placed fifth in global trade connectedness in 2019

Vietnam was ranked fifth in terms of global trade connectedness last year, up five places from the previous ranking in 2017, according to a report jointly released by the US’s New York University Stern School of Business and logistics giant DHL.

EVN signs MoU to buy electricity, develop power projects in Laos

Vietnam Electricity (EVN) on December 6 signed various Memoranda of Understanding (MoU) with investors of power projects in Laos to develop and purchase electricity from the neighbouring country in the time ahead.

Five new rail lines to be built in southern region

Five new high-speed rail lines between Ho Chi Minh City and southern provinces expected to be built by 2025 would help to ensure smooth transport of goods and improve logistics services and connections between major seaports.

VIETNAM BUSINESS NEWS HEADLINES DECEMBER 7

VND10-trillion anti-flooding project on verge of suspension

Rampant violations of Vietnam’s sovereignty found on apps

Vietnamese people have been warned of the insert of Chinese unilaterally-declared map into apps.

Central Bank expected to cut key rate to aid economy

The inflation in 2020 is forecast at 3.3%, significantly lower than the target of 4% set by the government.

Leadership positions must be given to talented people

The leaders are those who guide the country’s development, and leadership positions therefore must be given to the most talented people.

Law on Cybersecurity finds little purchase on overseas tech titans

Despite urging by the Law on Cybersecurity, few international companies handling the data of local customers have set up data centres in Vietnam.

Abandoned rare gaurs develop under care in Ninh Thuan

A group of gaurs that had been left starving at the Phuoc Binh National Forest in Ninh Thuan Province have improved after receiving better care.

Vietnam, Laos sign 17 cooperation agreements at 43rd Inter-governmental Committee session

Prime Minister Nguyen Xuan Phuc and his Lao counterpart Thongloun Sisoulith co-chaired the 43rd meeting of the Vietnam-Lao Inter-Governmental Committee on bilateral cooperation in Hanoi on December 6.

Party, State leader receives visiting Laos PM

Party General Secretary and State President Nguyen Phu Trong on December 6 hosted a reception for a high-ranking delegation of Laos led by Politburo member and Prime Minister Thongloun Sisoulith 

To Mon friendship ceremony of the Ba Na

The Ba Na of Vietnam’s Central Highlands celebrate many festivals each year, including a peace worship, a new rice ceremony, and To Mon – a ceremony to strengthen solidarity.

Code of conduct on social media to come soon

The Ministry of Information and Communications (MIC) has compiled a Code of Conduct (COC) for social networks, 

Vietnam’s strong industries fully tapped under RCEP

The Regional Comprehensive Economic Partnership (RCEP) is expected to boost regional and global supply chains and the economy of ASEAN members and partners.

Vietnamese economy remains resilient despite COVID-19 challenges

The Vietnamese economy has remained extremely resilient throughout the year despite the adverse impact of the novel coronavirus (COVID-19) pandemic, with import-export activities witnessing a gradual bounce back, according to insiders.

Deputy PM orders greater efforts to improve people's well-being, stature

Deputy Prime Minister Vu Duc Dam ordered competent authorities to outline specific measures to mobilise resources to carry out the national nutrition strategy during 2021-2030 with a view to improve the Vietnamese people’s well-being and stature.

The launch pad towards the world’s market

Billion-dollar contracts inked during the recent visits of the Japanese Prime Minister and the U.S. Secretary of State indicate the apparent trend of supply chain restructuring.

 

The many risks energy service companies may encounter

Energy service companies (ESCOs) are facing numerous risks since the regulatory framework for their sector is both incomplete and patchy, according to industry insiders.

Vietnam to start Covid-19 vaccine trial on people next week

The Ministry of Health announced on December 5 that it would test phase one of a Covid-19 vaccine produced by Nanogen Pharmaceutical Biotechnology JSC on people from December 10 to 12.

Programme launched to promote tourism potential of Yen Bai

A tourism programme was launched in Luc Yen District in the northern province of Yen Bai on December 4, gathering more than 100 local artisans, artists and ethnic people from across the district.

Unclear provisions in new tax-related Decree

Vietnamese citizens and commercial banks alike have expressed uncertainty over the new Decree 126 on Tax Administration that requires banks to provide customers’ information as well as deduct tax payables on behalf of the tax department.

My Dinh Stadium upgrade for 31st SEA Games

Hanoi’s My Dinh Stadium is being upgraded to host the 31st SEA Games which will be held in late 2021.

Joyful activities to welcome New Year 2021

Localities across the country will host a string of activities to welcome New Year 2021.

HCMC seizes two containers of used gloves imported from China

Two containers containing used rubber gloves imported from China into Vietnam have been discovered and confiscated at Cat Lai Port in District 2 by HCMC's competent agencies.

Anti-transfer pricing measures also applicable to domestic enterprises

Tax management performed on enterprises which conduct affiliated transactions will rely upon the principle of fairness, transparency and no discrimination against neither domestic nor foreign enterprises, said a top taxman.