BUSINESS IN BRIEF 26/9

 Registered capital of new enterprises surges in first nine months, IDICO to launch IPO next month, WB offers Vietnam US$4 billion loans, HCMC sees upsurge in registered capital of new enterprises

Stunning landscapes along Vietnam Mountain Marathon route

Foreign visitors are impressed by the stunning landscapes and inhabitants of the north-western region while joining the Vietnam Mountain Marathon in Sapa on September 22-29.

Greenpeace boards ship in bid to halt delivery of UK-bound VW diesel cars

Greenpeace activists boarded a ship arriving in Britain on Thursday to stop the delivery of more than 1,000 Volkswagen cars from Germany while others sought to immobilise vehicles at a port in anti-diesel protests.

Khmer culture, sports, tourism festival slated for November

 The seventh Khmer Culture, Sports and Tourism Festival will be held in the Mekong Delta province of Bac Lieu from November 11-19, according to the organising board.

Vietnam assures EU on illegal, unregulated fishing

VASEP Marine Product Committee and Vietnamese seafood processors and exporters on September 25 promised to implement the EU’s demands on fighting IUU fishing and the national action plan to combat IUU fishing.

Over 9.4 million foreign tourists come to Vietnam in nine months

 Vietnam welcomed more than 9.4 million international tourists in the first nine months of 2017, a year-on-year rise of 28.4 percent.

Vietnam's trade deficit going down

Vietnam’s trade deficit in the year to mid-September had substantially narrowed down to a mere US$701 million, equivalent to 0.5% of export revenue, owing to better export performance in recent months.

Alibaba takes control of logistics business, pledges $15 billion to expand network

Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan over five years to build a global logistics network and also take control of a $20 billion unit, 

Vietnam and U.S. discuss President Trump’s visit to Vietnam

 Deputy Prime Minister and Foreign Minister Pham Binh Minh and Under Secretary of State for Political Affairs Thomas Shannon chaired a meeting in New York on September 22, where they discussed the upcoming Vietnam visit by U.S. President Donald Trump.

HCM City proposes to manage Grab, Uber like traditional taxi

 The HCMC People’s Committee has proposed the Ministry of Transport to manage ride sharing services Grab, Uber and Facecar as a new type of taxi, which must meet transport business regulations like traditional cabs.

Medicine University Hospital opens rooms to serve foreigners

 Starting on September 28, the Medicine University Hospital in Ho Chi Minh City's District 5 will open examination rooms to exclusively serve foreign patients to meet the rising demand.

HCM City to build pilot smart city in October

 The project on building Ho Chi Minh City into a smart city will be piloted in several of the city's districts beginning in October this year, according to Vice Chairman of the municipal People's Committee Tran Vinh Tuyen.

Vietnam’s car dream re-ignited as Vingroup builds manufacturing plant

Vingroup has announced plans to produce its first cars in the next two years, rekindling the long-cherished dream of a local car industry which has failed to come true following numerous attempts over the past two decades.

Uber $2.94 million in tax arrears

Uber will have to pay nearly VND67 billion ($2.94 million) in tax arrears, including personal and corporate income tax, withholding tax and value-added tax, as well as late payment fine, according to newswire Vnexpress.

Villagers risk lives crossing stream after bridges swept away

 The villagers in Yen Bai Province are risking their lives to cross the stream every day as the local bridges have been abandoned unfinished for years.

Hanoi authorities urged to deal with rubbish dumping problem

Secretary of the Hanoi Party Committee Hoang Trung Hai on September 24 asked local authorities to quickly deal with the rubbish-filled streets in Son Tay Town after local people blocked the dumping site over a compensation dispute. 

More Asian openbill storks flock to ecotourism site in Dong Thap

Nearly 100,000 of Asian openbill storks, which are listed as an especially rare species in Vietnam’s Red Book, have been nesting at the Gao Giong Ecotourism Site in the Mekong Delta province of Dong Thap.

iPhone 8 seeing slow sales in Vietnam

 The iPhone 8 is failing to attract customers in Vietnam, with most interest being shown in the iPhone 8 Plus and iPhone X.

Magnificient Mong Rong rocky shore

Mong Rong rocky shore, located on Co To island in the northern province of Quang Ninh, is emerging as a popular destination for tourists.

Government offers foreigners opportunities to buy into Vietnamese banks

With attractive incentives from the Government, the opportunity for foreign investors to own 100 percent of a Vietnamese bank has never been better. 


Hanoi: 384 dengue outbreaks remain

 The number of new dengue fever cases in Hanoi has dropped in the last few weeks, according to the city’s Department of Health on September 25.

Hanoi sees bubble tea boom

 More and more bubble tea brands are now trying to establish by investing in outlets with attractive designs in big cities, particularly Hanoi.

Hoang Thu Thao to compete at Miss Global Beauty Queen

 It has been unveiled that Hoang Thu Thao will represent Vietnam at Miss Global Beauty Queen 2017.

A world of natural wonders in Long An

Those who have a chance to take a sightseeing tour to Long An are advised to head for the wonders park in My Hanh Bac Ward to admire some of the world’s renowned miniature wonders.

Ba Ria-Vung Tau resort property market largely untapped

 Although Ba Ria-Vung Tau has been a well-known tourist destination for a long time, the province’s resort property market still offers many projects.