Vietnam, Canada sign cooperation memoranda

Several MoU on cooperation in different fields were inked between Vietnam and Canada in the presence of Vietnamese Prime Minister Nguyen Xuan Phuc at the two countries’ business roundtable in Quebec on June 8.

Green bricks fail to get off ground

Vietnam has been focusing on the development of non-fired adobe brick to gradually replace clay bricks for construction. However, after nearly ten years of efforts, clay bricks remain dominant.

National traditional rowing contest kicks off in Binh Thuan

 The 2018 national traditional rowing contest opened in Phan Thiet city of the central province of Binh Thuan on June 10.

Vietnam export on the right track

 Vietnam’s export turnover has so far this year reached 82.63 billion USD, up 18.7% compared to the same period last year. The statistics show that exports are on the right track.

Wheels of love bring scholarships for students

 VietNamNet Bridge – Youth is the time to nurture ambitions and aspirations. For 24-year-old Tran The Tuan, his ambition is to constantly challenge himself and live a meaningful life by contributing to society.

State visit gives boost to Vietnam-Japan relations

 On the back of the strengthened relationship and commitments between Vietnam and Japan, as well as Vietnam’s rising demand for investment, firms from both countries are fast-tracking their business and investment ties.  

Experts explain why car prices are expensive

 Many experts at home and abroad pointed to the ailing supporting industries as the key reason why car prices in Vietnam are much higher than in other regional countries at the Vietnam AutoExpo 2018.

Positive reactions to betting change

 Sports betting is to be legalised in the new Law on Sports and Physical Exercise, setting an agenda for the government to allow for more forms of entertainment in the country. 

Charter flights: a new hot trend for Vietnamese tourism

In the past few years major travel brands in Vietnam begun launching charter flights by opening new airline routes to expand their footprint in the domestic and international markets.

BUSINESS IN BRIEF 10/6

 Businesses need to innovate for greater benefits from digital economy, Prices plunge for coffee exports over five months, Positive signs for rice exports, Producers want fertilizer to be subject to VAT

Are bank card criminals flocking to Vietnam?

The State Bank (SBV) said the process of converting 70 million magnetic cards into chip cards needs to be accelerated to prevent Vietnam from becoming the favorite destination for card crimes.

OTT faces challenges

 Although the huge number of Vietnamese viewers of online videos is expected to pave the way for OTT service to further develop in the local market, such a service is still having difficulty competing with international online channels and others

Industrial zone workers struggle to make ends meet

 VietNamNet Bridge – Workers at industrial zones have shouldered increasing financial burdens as prices of necessaries including food and fuel rises.

Owner gives up captive bears to sanctuary

 VietNamNet Bridge – Saying goodbye to your pets is not easy, but what if it will take them to a better place, beyond what you can offer?

Hanoi offices near full capacity

 Offices in the capital city of Hanoi, especially the top quality ones, are almost fully occupied due to the wave of foreign direct investment and the city’s improved infrastructure.

Chinese tourists to Nha Trang on sharp rise

 Foreign arrivals to Nha Trang city in central Khanh Hoa province reached nearly 1 million in the first four months of the year, according to Khanh Hoa province’s Department of Tourism.

Power plants win vital waste grounds

Several build-operate-transfer power projects will not be subject to the strict rule over the required land for waste storage, designed to hold a maximum capacity of two years’ worth of production waste. 

Appeal court cuts prison term for Dinh La Thang’s brother

 VietNamNet Bridge – An appeal court on Friday ruled in favour of Dinh Manh Thang, the younger brother of former Politburo member Dinh La Thang, reducing his sentence for corruption to seven years in prison.

Lucrative dividends on offer this June

 Lucrative dividends presented by a number of listed firms throughout the month are expected to make their tickers more appealing to investors. 

Special 99-year land lease not in draft law on special economic zones

 Special cases that could lease land up to 99 years for production and business in special economic zones will not be regulated in the draft Law on Special Administrative and Economic Units of Van Don, Bac Van Phong, and Phu Quoc.

Green energy projects in Vietnam still struggling

 Though the Government has issued a slew of incentive policies, electricity purchase contract and credit risk issues have put a dent in solar and wind power market growth.

Businesspeople’s divorce cases damage strong brands

VietNamNet Bridge - Divorce not only results in damages to the assets of involved parties, but can also devastate the brands that the parties had spent years building.

NA asked to delay approval of draft law on special economic zones

 The Government  and the National Assembly Standing Committee have agreed to ask the legislature to delay the adoption of the draft Law on special administrative-economic units to have more time for research and completion.

Draft law on special administrative-economic units delayed for revision

The Government has proposed that the draft law on special administrative-economic units will be submitted for voting later at the sixth session of the 14th National Assembly (NA) at the end of this year. 

Fintech changes financial landscape

A handful of winners have been named in a large-scale fintech challenge, providing inspiration and opportunities for many other fintechs to capture.