Update news consumption tax
VietNamNet Bridge - The live streaming market has become competitive with the presence of many platforms and apps on mobile phones provided by international players and domestic firms.
VnExpress, an online newspaper, has opened an online shop to sell iPhones, while The Gioi Di Dong, a mobile phone distribution chain, has decided to sell vegetable and meat.
VietNamNet Bridge - Wind-power projects, which require high investment capital, remain unpopular as EVN pays a low rate for electrical power.
VietNamNet Bridge - Vietnam is expected to have 1 million businesses by 2020 as targeted by the government, but economists warn that companies won’t be able to grow in a stifling business environment.
VietNamNet Bridge - Formosa, the Taiwanese investor, which is building a steel complex in Vung Ang Economic Zone in Ha Tinh province, plans to build an oil refinery in the second phase of the project development.
VietNamNet Bridge - Many foreign-invested projects in textile, paper, dying, steel and other polluting industries have been licensed recently, raising concerns that Vietnam would become a ‘pollution paradise’.
VietNamNet Bridge - Analysts have noted signs of a decrease in imports from China, while imports from South Korea rose by 7.9 percent in the first six months of the year.
VietNamNet Bridge - More and more Vietnamese firms, especially technology startups, are registering their businesses in Singapore to avoid complicated administrative procedures in Vietnam.
VietNamNet Bridge - Vietnamese conglomerates are buying foreign companies in support industries to implement their strategy to squeeze into global supply chains.
VietNamNet Bridge - The granting of licenses to Formosa and Lee & Man to discharge waste water appears to have violated the 2015 Environmental Protection Law and the 2013 Water Natural Resources Law.
The oil price keeps dropping dramatically, leading to a decrease in Vietnam’s state budget revenue. Meanwhile, other indicators that measure the health of the national economy all show worrying signs.