Vinacomin’s subsidiaries put under special control after incurring losses

The Ministry of Finance (MOF) has released a report on the production, business, finance and investment of the Vinacomin holding company.

Vietnam needs to standardise real estate brokerage

Vietnam's real estate market needs stricter regulations to standardise real estate brokers for the domestic property market to operate transparently.

 

Vietnam's mechanical engineering market to reach $300b by 2030

Total demand of the domestic mechanical market by 2030 is estimated to reach about US$300 billion, according to the Viet Nam Association of Mechanical Enterprises (VAMI).

WBA Asia champion Toan named as world top 10 boxer

Le Huu Toan became the first Vietnamese boxer named in the world top 10 of the World Boxing Association (WBA) on April 1.

Ministry proposes extending excise tax payment for local auto firms

The Ministry of Finance (MoF) has proposed the Government continue extending the deadline for excise tax payment for domestically-manufactured and assembled cars.

Ministry proposes tough measures against firms canceling land contracts

Following the recent controversial auction of land in the Thu Thiem New Urban Area in HCMC’s Thu Duc City, the Ministry of Natural Resources and Environment has proposed sanctions against firms winning land auctions but later canceling the deals.

VCCI report finds problems in administrative reform

“Flow of business law in 2021”, a report of the Vietnam Chamber of Commerce and Industry, shows that hundreds of circulars that guide the implementation of laws are issued each year. The quality and transparency of the documents are in question.

Why do students have more aggressive behaviors than in the past?

More and more cases of students fighting each other have been reported recently.

5.3 million farming households have accounts on Postmart, VoSo

More than 5.3 million farming households have been helped to create accounts on the two e-commerce platforms of Postmart and Vo So. The figure is expected to reach 10 million by the end of the year.

The creditors of the FLC Group

FLC’s finance report showed that as of December 31, 2021, FLC’s short-term loans and finance leasing value had reached 2 trillion, while long-term loans and finance leasing value was VND4.1 trillion.

 

Gov't approves digital economy development strategy

Deputy Prime Minister Vu Duc Dam has signed a decision approving the national strategy for digital economy, digital society development through 2025, orientations to 2030.

Mekong plan outlines path to security

The Mekong Delta is stagnating on the back of poor frameworks and infrastructural gaps – flaws that are hoped to be remedied with a new 2021-2030 masterplan, driving regional socioeconomic growth.

Hints of mindset change in e-vehicles

Rising oil prices could help speed climate action by accelerating the shift to electric vehicles, but in Vietnam that would depend much on the infrastructure.

Data centres mark new digital stage

Domestic and international investors are increasingly turning to alternatives in the Vietnamese market such as data centres and self-storage services to diversify their portfolios and enhance return.

Learning from Japanese who sell super-expensive agricultural products

When Vietnam sells its products to the world, it only has a large output. It forgets to tell the story about the culture, history, and the farming process of the land where the products are born.

VIETNAM BUSINESS NEWS APRIL 1

New economic policy takes effect on April 1

 

Bkav CEO elected chairman of AI Development Committee

BKAV's CEO Nguyen Tu Quang has become chairman of the newly established Artificial Intelligence Development Committee of the Vietnam Software and Information Technology Services Association.

Vietnam needs to amend Bidding Law to join int’l playing ground

The amendment of the Law on Bidding aims to update regulations in line with the free trade agreements (FTAs) that Vietnam has joined, to create a favorable business environment, and promote innovation.

Central Inspection Commission considers penalising SSC heads

Violations by the 2015-2020 State Securities Commission (SSC) Party Committee and its officials were found to have significant implications,

Exports struggle to make British dent

After the initiation of a trade deal between the United Kingdom and Vietnam, hopes of quick profits for many of the latter’s exporters have been dashed as industries continue to get to grips with implementation.

South Korea removes tightened COVID-19 control measures on arrivals from Vietnam

The Republic of Korea Disease Control and Prevention Agency (KDCA) has officially removed Vietnam from the list of countries subjected to tightened COVID-19 control measures.

New measures made to attract tech talent

Driven by rising tech acceleration, foreign-invested manufacturers in Vietnam are facing challenges in hiring the needed talent for growth, with digital skills being among the highest demands.

Aspirations of Vietnamese youth: 'I want to be an entrepreneur'

The young generation has a great desire for doing business to become prosperous on their own. This is a good condition to develop a strong team of entrepreneurs who can play the role of a "launch pad" for the country’s development.

Transport Ministry seeks PM’s approval on issuing licence for first cargo airline

The Ministry of Transport (MoT) has asked the Prime Minister to allow the ministry to grant a licence in aviation cargo transportation for IPP Air Cargo Joint Stock Company – the first cargo airline in Vietnam.

Health minister, Hanoi chairman bear responsibilities over COVID test kit scandal: party inspection commission

The health minister, Hanoi chairman, and other senior officials at the ministries of health and science and technology, must bear responsibilities related to the fraud COVID-19 test kit case at Viet A company.