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Three draft laws under discussion on May 28

The National Assembly (NA) is set to consider the draft revised Law on Public Investment, the draft law on military reserve force, and the draft law on the entry and exit of Vietnamese citizens on May 28.

 

Fruit exports: China changes rules, Vietnam changes strategy

Vietnam’s fruit exports to China in Q1 decreased by 6.3 percent compared with the same period last year. The door to the biggest export market is narrowing.

Vietnam looks to develop cashless payment

The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.

 

Son La province boosts plum production

Hau or Queen plum is identified as one of Son La province’s key products. The province is making efforts to build brand and boost export of Hau plums.

BUSINESS NEWS 28/5

Minors over 14 no longer eligible for green cards through parents’ investments

Foreign hotel management brands flock to Vietnam

More luxury hotels have arisen in anticipation of a tourism boom, and their owners are spending big money to hire foreign managers.

Audit and tax risks in 4.0 era

As Vietnam prepares to introduce the amended Law on Tax Administration in 2019, Lam Le, partner for tax and consulting services at RSM Vietnam, shared with VIR some important points for foreign businesses and investors.

 

Vietnam’s electricity sector projected to be bigger than Britain’s by mid-2020s

With a population nudging 100 million and annual GDP growth around 7%, Vietnam has forecast power generation will need to rise from about 47,000 MW currently to 60,000 MW by 2020 and 129,500 MW by 2030.

PM Nguyen Xuan Phuc meets with Swedish King

Prime Minister Nguyen Xuan Phuc had a meeting with the King of Sweden Carl XVI Gustaf on May 27 as part of the activities in his ongoing official visit to Sweden.

 

Vietnamese, Swedish PMs hold talks

Vietnam always treasures its traditional friendship with Sweden and wants to further strengthen bilateral ties in diverse areas, Prime Minister Nguyen Xuan Phuc told his Swedish counterpart Stefan Loefven on May 27.

 

Vietnam pursues ‘Southeast Asian Silicon Valley’ dream

“After 30 years of doing outsourcing, Vietnam now has basic conditions to shift to R&D and create technology products,” said PM Nguyen Xuan Phuc at Make in Vietnam, a national technology firm development forum held in Hanoi some days ago.

Philippine rice tariffication law to benefits Vietnam’s exporters

In the first four months this year, the Philippines has leapfrogged China to become Vietnam’s largest rice importer.

Fierce race in Vietnam’s food delivery market: The game really ends?

Newcomers have shaken up Vietnam’s food delivery sector with intensified competition in which only strong contenders can withstand the challenges.

 

People in places

Better cooperation is needed between local tourism companies and training institutions to improve human resources in the tourism sector.

Foreign investors race for Vietnam’s smart city solutions providers

As Vietnam’s cities and provinces are stepping up plans to realize the smart city dream, foreign tech giants are rushing with new ambitious business plans to seize the opportunities.

Rare animals in urgent need of protection

Professor Dr Dang Huy Huynh, Chairman of the Viet Nam Zoological Society, talks to Tuổi Trẻ newspaper about failures to protect rare animals in Vietnam.

Van Long Wetland Nature Reserve

The Van Long Wetland Nature Reserve in the northern province of Ninh Binh has been recognised as Vietnam’s ninth Ramsar site.

 

Heavy rains forecast to hit northern localities

Northern localities are forecast to suffer heavy rains beginning Monday night, with rainfall expected to reach 200mm within a 24-hour period in some provinces, according to the National Hydro-Meteorological Forecast Centre.

Norway firms to pour more money into Vietnam on condition of fair environment

Many Norwegian companies said they are ready to invest in Vietnam as long as the Vietnamese government ensures a fair and equal investment environment.

Binh Duong family found dead

A couple and their daughter in the southern province of Binh Duong have been found dead in their locked rented room.