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Foreign investors authorised to establish wholly-owned logistics companies in Vietnam

 Foreign investors will be permitted to establish their wholly foreign-owned companies providing logistics services, following Decree No.163/ND-CP, which will come into effect on February 20.

Agriculture revival with private funds

 A new wave of private agricultural investments has surged in the country, helping to super-charge the capital-poor agricultural sector.

State capital committee takes charge of state assets in SOEs

 In a bid to more effectively control state capital in enterprises, the government will establish an official committee dedicated to manage it in the first quarter of 2018.

Vietnam, US seek stronger cooperation in energy, defence

Vietnamese Ambassador to the US Pham Quang Vinh held a meeting on January 10 with US Congressman Paul Gosar who affirmed that Arizona State is willing to boost cooperation with Vietnamese localities in all fields.

Finance Ministry plans new personal income rates

If applying the personal income tax (PIT) rates introduced to the public last August, the state budget revenue would lose VND3.1 trillion a year. 

Hanoi bans Uber, Grab cars during rush hours

 Contracted Uber and Grab cars are not allowed to run across 13 streets in the capital city during rush hours, 6 – 9 am and 4:30 – 7:30 pm, starting January 11.

Hanoi to develop additional 11 million sq.m of housing in 2018

 Hanoi sets a target of developing additional 11 million sq.m of housing in 2018, including 430,000 sq.m of social housing, nearly 348,000 sq.m of resettlement housing and more than 2.1 million sq.m of commercial housing.

Thai fruits, vegetables to flood Vietnamese market

 The volume of fruits and vegetables imported from Thailand is expected to surge this year as import tariffs imposed on these products are reduced to zero percent, heating up pressure on their Vietnamese peers.

Real estate and stock markets to rise above market in 2018?

Forecast to be in a finer state than in 2017, the Vietnamese economy in 2018 is expected to provide even more favourable conditions for foreign direct investment (FDI) inflows and domestic market are promising to become stronger.

Vietnam fashion industry suffers setback

VietNamNet Bridge - Analysts say the golden age of Vietnam’s fashion industry is encountering difficulties amid the arrivals of foreign fashion brands.

Northern mountain frozen as temperatures drop

 Temperatures have continued falling, freezing several northern mountainous areas, including Phia Oac Mountain in Cao Bang Province.

Ex-HCMC Party Chief cites "impatience" for violations

 Dinh La Thang tells court the pressure for project progress led to him acting unlawfully.

Dozens of pupils faint from steel plant pollution

 About two teachers and 21 pupils at Quan Toan Secondary School in Hai Phong City fainted and had to be hospitalised after inhaling toxic gas from the local steel factory on January 8.

Thai billionaire seeks to buy Vinamilk stakes

 F&N Dairy Investments Pte Ltd, a subsidiary owned by Thai business tycoon Charoen Sirivadhanabhakdi, has spent millions of USD to buy stakes at Vinamilk after another subsidiary bought a USD4.8bn stake in Sabeco last year. 

Vietnam Airlines gained impressive profits in 2017

 The revenue and profit indicators of Vietnam Airlines Corporation showed growth as planned in 2017, the firm reported.

Cash withdrawal ratio reduced to 10% by end of 2017

 Viet Nam saw a decline in cash withdrawals for the third consecutive year in 2017, with the rate reducing from 15 per cent in 2016 to 10 per cent in 2017, reports from the State Bank of Viet Nam (SBV) showed.

Ministry assures E5 bio-fuel meets int’l standards

 The quality of E5 bio fuel in Viet Nam is ensured and meets international standards. All features, capacity and fuel consumption remain the same, and in some criteria E5 is better than RON 92, officials said.

New players to re-shape VN pharma sector

 Viet Nam’s pharmaceutical retail industry is forecast to see significant competition in 2018, with the entry of new players with strong financial capacity and experience in distribution.

Record export of VN fruits in 2017

 Viet Nam’s fruit and vegetable exports reached a record $3.5 billion for year-on-year growth of 43.02 per cent, according to the Ministry of Agriculture and Rural Development.

Dak Lak province moves to conserve elephants

Dak Lak has taken a number of measures to manage, monitor and care for elephants so as to help conserve and develop the animals, said Director of the province’s centre for elephant conservation Huynh Trung Luan.