IMF issues warning on global debt

 The International Monetary Fund says that high global debt is a concern. In a new report, the IMF says governments should use the current strong economic growth to strengthen their finances.

Welcome ceremony held for Myanmar State Counsellor

 A welcome ceremony was held in Hanoi on April 19 for Myanmar State Counsellor Aung San Suu Kyi who is on an official visit to Vietnam.

HCM City proposes visa exemption extension

The HCM City Tourism Association has submitted a proposal to the Ministry of Culture, Sports and Tourism on further extension of visa exemption for tourists coming from the UK, France, Germany, Spain and Italy.

Mobile payment market heats up with foreign players

VietNamNet Bridge - Two of China’s biggest e-wallets have joined the mobile payment market in Vietnam.

More post checks in food safety management

 VietNamNet Bridge – Nguyen Thanh Phong, director general of the Department of Food Safety under the Ministry of Health, talks to Vietnam News Agency about positive changes in food safety management.

Newton Grammar School asked to end its cooperation with US ’ghost school’

The International Educational Cooperation Department under the Ministry of Education and Training, on Tuesday asked Newton Grammar School in Bac Tu Liem District to end its relationship with George Washington International School

Government News 19/4

Adjustments to Thanh Thuy International Border Gate approved, Working group on implementation of Law on Planning set up, VN, Myanmar step up comprehensive cooperative partnership

Finance ministry suggesting raising environment protection taxes

 The Ministry of Finance has suggested increasing environmental protection taxes to the maximum level in a draft resolution it is compiling for the National Assembly’s Standing Committee, which has caused mixed opinions. 

Doors still open for Vietnamese tra fish in US: VASEP

Vietnam’s tra fish exporters can still access the US market despite the US Department of Commerce’s imposition of high anti-dumping duties on Vietnamese tra fish, said Secretary General of VASEP.

Malaysia calls for cooperation among coast guards in East Sea

Cooperation among coast guards of countries is necessary to deal with challenges in enforcing the law in the East Sea, a Malaysian officer has said. 

Mekong Delta provinces vow to improve tourism services

A project to develop tourism in the Mekong Delta in the context of climate change has been signed by three parties, including real estate developer Novaland, the Boston Consulting Group (BCG) and the Military Bank (MB).

Golden time for logistics M&A deals in Vietnam

 Vietnam’s location with a network of cargo ports, alongside a large domestic market, leaves room for both domestic and foreign logistics firms to expand business and enter logistics merger and acquisition (M&A) deals.

Travel tours, craft villages paired to promote Vietnamese goods

 An official has said Hanoi’s tourism products should be associated with advertising high-quality goods, especially those which are the signature of craft villages.

KOAF 2018 features eight interdisciplinary performances

Krossing Over Arts Festival in its second edition features a series of interdisciplinary and collaborative performances along with a plethora of artist talks, dance workshops, and international film.

NIVL's Bisuco factory sealed due to environmental pollution

Binh Dinh’s authorities are sealing off the factory of loss-making Binh Dinh Sugar JSC, in which India-based NIVL JSC holds 97 per cent, for causing serious environmental pollution.

Korea and Vietnam sign MoU on comprehensive environmental cooperation

The commitment was confirmed by Vietnamese Minister of Natural Resources and Environment Tran Hong Ha at the Korea-Vietnam Environmental Cooperation Forum 2018 on April 16 at Hanoi’s Daewoo Hotel.

Large land bank may lure investors to Hanosimex?

Owning numerous large-scale land plots may attract investors to Hanosimex for its listing on the Unlisted Public Company Market (UpCOM).

Three SAEZs need $70 billion for development

 The development of three SAEZs (special administrative-economic zones) in Vietnam will require VND1.57 quadrillion ($70 billion) to be mobilised by 2030.

E-commerce requires logistics reboot

As e-commerce is witnessing a boom in Vietnam, the capacity of the logistics infrastructure to serve e-commerce is causing major concerns, forcing logistics firms and authorised agencies to change their mindset.

Sabeco relents to Thai Beverage pressure for board presence

 Three foreigners, all of whom were allegedly nominated by Thai Beverage, will join the Sabeco management board at the coming meeting.

Domestic firms launch ride-hailing applications to fill in Uber’s space

 After the merger between Uber and Grab, numerous domestic firms accelerate their plans to launch ride-hailing applications to fill the void left in Uber’s wake.

Lingering problems in valuation of state-owned enterprises

The failed IPO of VTVCab and the Mobifone-AVG scandal are valuable lessons for Vietnam on the valuation of state-owned enterprises (SOEs).

Authentic Indian far from home in Hanoi

 VietNamNet Bridge – There’s something incredibly British about Indian food. It is, after all, the United Kingdom’s traditional dish.

BUSINESS IN BRIEF 19/4

54 excellent estate businesses, projects honoured, Labour productivity enhancement – key to economic growth, URC sales plunged after notorious lead scandal, VSC-Posco turns to government in land use quagmire

Rhino horns should be removed from the drug list: scientists

VietNamNet Bridge - Vietnam and China are considered the two biggest rhino horn consumers in the world.