Local authorities take action to stop ‘land fever’

Localities are taking serious measures to control real estate brokerage activities and speculation, as they believe that the activities are behind land price escalation.

Mega-projects revived after many years of losses

Five out of 12 loss-making mega projects have been revived and are making a profit, according to Nguyen Si Dung, former Vice Chair of the National Assembly Office

Watchdog agency tightens control over share trading

The cash flow into stocks of big companies is being strictly supervised.

Vietnam aims to send 90,000 labourers abroad to work under contract in 2022

This year, the Department of Overseas Labour aims to send 90,000 labourers abroad to work under contract, while expanding the market for Vietnamese labour to Europe and Australia.

Vietnam's businesses continue to struggle with petrol prices

While the reduced environmental protection tax lowered petrol prices from April 1, most transport enterprises are struggling.

Hanoi allows karaokes, bars, massage venues to reopen from April 8

Hanoi’s authorities will allow the reopening of karaokes, bars, massage venues and gaming centres from April 8, according to the city’s latest COVID-19 adaptation plan released on April 6 afternoon.

Banks use rising profits to raise capital, but don’t pay dividends

Techcombank continues to apply a ‘contractionary policy’, once again deciding not to pay dividends, but instead use the money to increase charter capital.

House prices in HCM City climb to new highs

Apartment prices, which have have been increasing over the last 10 years, continued to rise in Q1.

Vietnam to announce national online meeting platforms in June

The Ministry of Information and Communications has approved a plan on promoting the development and use of next-generation national online meeting platforms in Vietnam.

Five major cities to limit use of motorbikes after 2030

A new resolution on traffic safety for the 2022-25 period is approved, which will look into limiting motorbikes in five major cities of Hanoi, Hai Phong, Da Nang, Can Tho and HCM City.

Hundreds of health workers in HCM City quit due to low pay

In the first three months of the year, around 400 health workers at State-owned hospitals and health facilities in HCM City quit their jobs for many different reasons, mainly low pay.

Minimum wage must be raised to ensure workers’ living standard: labor confederation

The Vietnam Labor Federation has asked to increase the minimum wage from July 1, 2022, earlier than scheduled.

VIETNAM NEWS HEADLINES APRIL 6

Ho Chi Minh City’s economy showed positive signs of recovery in the first quarter of this year with an estimated 1.88 percent growth of gross domestic product (GRDP) compared to the same period last year, Director of HCM City Department of Planning and Investment Le Thi Huynh Mai said on April 5.

VIETNAM BUSINESS NEWS APRIL 6

Ministry pledges to strictly punish violations related to stock, corporate bond markets

Positive outlook for real estate M&A in 2022

Real estate mergers and acquisitions are expected to be a good source of FDI in Vietnam this year, said Savills, and forecasting M&A activity is likely to increase in terms of frequency and value.

Russia-Ukraine war impacts wood industry

Vietnam's wood processing and export enterprises are currently facing new difficulties and challenges because of the ongoing Russia-Ukraine conflict.

2.7 million vehicles in Vietnam use automatic toll payment tag

About 2.7 million out of nearly 5 million vehicles in Vietnam have been equipped with automatic toll payment tags, making them eligible to use the electronic toll collection system.

Vietnam to boost 5G commercialisation

5G is changing businesses worldwide, and Vietnam is catching up very quickly, being among the first countries to deploy 5G trials.

Luxury cruise on Red River launched

For the first time, a luxury cruise on Red River with a capacity of 99 passengers has been inaugurated in Hanoi.

Local hotels complain about paying commissions to foreign booking firms

“We are losing in the home market. Hotel owners feel pain when having to pay commissions of 30 percent to foreign companies,” said Ngo Minh Duc, founder and president of GOTADI.

Deputy Minister of Health talks about fate of made-in-Vietnam Covid-19 vaccines

Deputy Minister of Health Do Xuan Tuyen said all three vaccines developed by Vietnam’s companies, including Nanocovax, Covivac and ARCT-154, are under clinical trials.

Vietnam's state-owned banks seek capital injection

Four state-owned banks are soliciting a government mechanism to accelerate a capital boost that would involve the state budget and lift the foreign ownership ratio.

Ministry of Construction vows to control real estate brokers

The Ministry of Construction said that it plans to set strict regulations to tighten control over real estate brokers. There are about 300,000 brokers in Vietnam.

No footballers in V.League 1 can replace Quang Hai: coach Chun Jae-ho

Hanoi FC coach Chun Jae-ho has admitted that he faces an uphill struggle to replace midfielder Nguyen Quang Hai at this current time, stating no one currently available will be able to fill his boots.

Google, Facebook, Netflix to pay taxes in Vietnam via new platform

Since the issuance of Circular 80, large cross-border service providers such as Google, Facebook and Netflix have expressed their support and have said they are willing to pay taxes.