Nha Trang’s low-cost tours pay low taxes, tarnish tourism image

VietNamNet Bridge - The Khanh Hoa provincial authorities are finding it difficult to control low-cost tours, which are booming in the sea city of Nha Trang.

Vietnam moves forward to phase out scrap plastic imports

The Vietnamese government has reiterated its intention to phase out scrap plastic imports, noting all scrap plastic inflows will be barred beginning in 2025.

Experts propose higher foreign holding in Vietnamese banks

The Vietnamese government should increase the foreign ownership ratio in local banks to facilitate the institutions to lure luring capital and governance experiences from prestigious foreign banks, experts proposed.

Young entrepreneur and “almost” impossible startup project

 Le Dinh Hieu – a member of the prestigious “30 under 30” list by Forbes Viet Nam has entered the startup scene in education for underprivileged people. 

Vietnam works to close loopholes in e-commerce

 Vietnam’s fast-growing e-commerce sector has posed a great challenge for the Government as many retailers are using loopholes in management regulations to trade counterfeit goods.

BUSINESS NEWS IN BRIEF 6/4

Firms to boost exports to Taiwan, Experts worry consumer credit risks, Ho Chi Minh City’s scarce apartment launches hit Q1 figures, Six services fields in HCMC register lower Q1 growth

Chinese investors want to pour money into transport projects

VietNamNet Bridge - Chinese investors have been flocking to Vietnam to seek transport infrastructure projects to invest in under different modes.

Local shrimp farmers to operate on trading floor

 Local shrimp farmers in the Mekong Delta region and across the country will be able to sell their shrimp products on a trading floor in the coming period.

Visiting Hon Khoi salt field in Khanh Hoa province

 Covering hundreds of hectares in Ninh Hoa town, Khanh Hoa province, Hon Khoi is one of the largest salt fields in Vietnam. Visiting the area early in the morning, tourists can admire the stunning sunrise.

Hue festival to honour Vietnamese traditional crafts

 The Hue Traditional Craft Festival 2019 will take place in the central province of Thua Thien-Hue from April 26 to May 2.

Corporate bonds give bank deposits a run for their money

A question being asked by many experts now is why banks are joining a race to increase deposit interest rates though there is no ostensible liquidity shortage.

 

First shrimp online transaction floor debuts

Vietnam’s first shrimp online transaction floor made its first public appearance in the Mekong Delta city of Can Tho on April 5, helping farmers get the highest possible prices for their product and updates on the cultivation and trade.

 

Rooftop solar power can be game changing

Vietnam’s rapid GDP growth and accelerated development as a global manufacturing hub is creating an anticipated infrastructure problem, which is a growing power demand-supply gap. 

Vietnam spends over US$47 million per day paying debt

The Vietnamese government paid VND99.12 trillion (US$4.27 billion) on debt service in the first quarter of 2019, equivalent to VND1.1 trillion (US$47.44 million) per day, according to the Ministry of Finance (MoF). 

 

Tourism growth helps boost real estate expansion: insiders

The development of the tourism sector has helped attracting investment in tourism real estate, while encouraging investors to diversify their projects, products and services, held experts at the Tourism Property Forum 2019 on April 6.

 

Foreign investors set their sights on poorly-performing banks

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry.

 

Visiting Hon Khoi salt field in Khanh Hoa province

Covering hundreds of hectares in Ninh Hoa town, Khanh Hoa province, Hon Khoi is one of the largest salt fields in Vietnam. Visiting the area early in the morning, tourists can admire the stunning sunrise.

 

Garlic season in Ly Son

Arriving in Ly Son Island, Quang Ngai province in the last days of March, visitors can feel the lively atmosphere of the "kingdom" of garlic during the only harvest season of the year.

 

International music talents to gather at Hanoi concert

A concert will be held at the Vietnam National Academy of Music in Hanoi on April 17 and 18, featuring international award-winning artists. 

Vietnam SMBs invest mainly in Cloud computing: Cisco

 Up to 18% of small and medium-sized businesses (SMBs) in Vietnam are investing in Cloud computing, which allows them to build mass-scale computing power and minimize information technology (IT) requirements and physical storage.

German, Indonesian firms involved in building HCMC tourism strategy

 Two foreign firms -- one from Germany and the other from Indonesia -- will participate in mapping out a strategy for the development of tourism in HCMC, Nguoi Lao Dong newspaper reported, citing the city's Department of Tourism.

Fresh policies come into force in Vietnam since April

 New regulations on tontine interest rates, registration fee prices of houses and land, and internal auditing shall take force from April, 2019.

Vietnam carries out press reshuffle amid rampant disinformation

Prime Minister Nguyen Xuan Phuc has approved the planning on the press by 2025 with an aim to reinforce pubic trust in the society and people’s patriotism. 

Nikkei: Vietnam aims to become first 5G service provider in Southeast Asia

Vietnam aims to become the first country in Southeast Asia to put 5G into commercial operation in 2020, according to Japanese daily Nikkei.

Innovation space for students inaugurated in Mekong Delta city

An inaugural ceremony for the “Maker Innovation Space” (MIS) in the Can Tho University was held in the Mekong Delta city of the same name on April 5.