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HCM City plans to build smart apps for administrative procedures

 All administrative units of Ho Chi Minh City need to build applications (apps) so that local people could access information via their smart devices, said Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee.

Businesses still concern about high costs

 Half of respondents in a recent survey expressed concern about the competitiveness of domestic goods, in which business cost plays a decisive role but it is still high.

Foreign logistics firms now allowed in VN

 Foreign investors will be allowed to establish companies providing logistics services following Decree 163, which will take effect on February 20.

Khai Duc Company to be penalised

 Khai Duc Company, which owns Khaisilk brand, will be given stringent punishment for violation of norms and fraudulent trading.

Household appliance industry worth $13b

 The household appliance industry in Viet Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers.

VN sea transport posts positive growth

The maritime transport sector achieved positive growth last year, but the international logistics industry faced many challenges, according to the Viet Nam Maritime Administration (Vinamarine). 

G-bonds worth over $7 billion issued in 2017

 G-bonds worth VND159.9 trillion (US$7.04 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year, according to the Ministry of Finance.

VN central bank not to print small currency notes for Tet, says cash only for payment, not offerings

 The State Bank of Viet Nam (SBV) has announced it will not be printing small currency notes for Tet (the Lunar New Year) this time too, the sixth straight year it has desisted from doing so.

Prices forecast to remain stable, even fall in 2018

 Prices tend to remain stable, even fall slightly in 2018, heard a workshop in Hanoi on January 9 to review prices in 2017 and make forecast for 2018.

Vietnam to officially connect to ASEAN Single Window in 2018

 Deputy Prime Minister Vuong Dinh Hue chaired a meeting Hanoi on January 9, asking ministries and sectors to work harder to officially connect Vietnam with the ASEAN Single Window mechanism in 2018.

PM Nguyen Xuan Phuc arrives in Cambodia for Mekong-Lancang summit

 Prime Minister Nguyen Xuan Phuc arrived in Cambodia’s Phnom Penh International Airport at noon on January 10, beginning activities within the framework of the second Mekong-Lancang Cooperation (MLC) Leaders’ Meeting.

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.

Unique headwear of La Hu women

For women in the La Hu community in Muong Te district, the northern mountainous province of Lai Chau, their intricate and unique headdresses show their desire for living in harmony with nature.

Double-edged sword

 Social media can be of great benefit to companies but also sow the seeds of their downfall.

Irregular weather worries peach blossoms growers

 This year, irregular weather makes it hard for peach growers in Hanoi’s Nhat Tan district to let their flower bloom as planned. Added to this, early prolonged hoar fog is also causing anxiety to the local growers.

Opposition to tax on sweet drinks

The Ministry of Finance is proposing to levy a special consumption tax of 10 percent on sweet drinks to combat child - and adult - obesity rates, a problem worrying Government and health experts. 

Court looks into “property embezzlement” charges in PVC case

The court on January 9 afternoon looked into the charges of “property embezzlement” facing Trinh Xuan Thanh, former Chairman of PetroVietnam Construction Joint Stock Corporation (PVC), and his accomplices.

Indictment against former Construction Bank executive announced

The Procuracy of Ho Chi Minh City on January 9 announced an indictment against Pham Cong Danh, ex-Chairman of the Vietnam Construction Bank (VNCB) Board of Directors, and his accomplices.

Deputy PM Trinh Dinh Dung calls for more assistance from EIB

 Deputy Prime Minister Trinh Dinh Dung has called for more support from the European Investment Bank (EIB) to Vietnam’s projects, including those in transport infrastructure, energy, climate change response and sea level rise. 

Ambassador: Vietnam-India ties increasingly important to Indo-Pacific

 Vietnam-India relations have become more important to peace, stability and development of the two countries, as well as peace, security and cooperation in the Indo-Pacific region, said Vietnamese Ambassador to India Ton Sinh Thanh.