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Hue Kite Festival 2019 flies high on opening day

The Hue Kite Festival 2019 officially began in Tu Tuong park on the morning of June 8 featuring a wide range of activities to honour the traditions of kite making.

VN banks face big capital burden despite dividend plan

A plan to allow large Vietnamese State-owned commercial banks to pay dividends in shares or retain dividends would help them accumulate capital and meet regulatory minimum capital thresholds, Fitch Ratings said.

 

HCM City shames customs tax evaders

As of May 15, the total tax debt at the HCM City Customs Department reached VND2.4trn (USD102.2m), of which over VND1.4trn were bad debts.

 

Transport Ministry proposes fee hike for 37 BOT projects

The Ministry of Transport is seeking opinions from ministries, agencies and localities nationwide for the fee increase of 12-18% for 37 build, operate and transfer (BOT) operated toll road or bridge projects.

 

Bus route linking Ha Dong district and Noi Bai airport put into operation

The Hanoi Transport and Services Corporation (Transerco) launched a new bus route linking the outlining district of Ha Dong to Noi Bai International Airport on June 8.

 

PM Nguyen Xuan Phuc talks about “dual responsibility” after Vietnam elected to UNSC

Vietnam will shoulder “great and dual responsibility” as a non-permanent member of the United Nations Security Council for 2020-2021 tenure and ASEAN Chairmanship 2020, according to Prime Minister Nguyen Xuan Phuc.

 

Da Nang authorities sued for suspending firm's operations

The Dana-Y Steel JSC has just filed a lawsuit has filed a lawsuit against the Danang City People's Committee for for losses allegedly caused by the committee’s decisions to suspend its operations.

 

Vietnam economy to grow at 6.7%: report

The Vietnamese economy is expected to grow at around 6.7 per cent this year, the fastest rate in South East Asia, according to the Institute of Chartered Accountants in England and Wales’ recent report.

 

Vietnam's convenience retail channel hits record growth rates

As consumer demand for convenience soars across Southeast Asia, convenience retail channels are experiencing record growth rates and higher rates than any other retail channel, according to a new study by Nielsen.

 

FDI enterprises in massive tax arrears

The HCM City Depatment of Customs has listed 1,000 businesses that have not paid tax worth trillions of dong, including foreign direct investment (FDI) firms.

 

Vietnam aims to end child labour by 2025

Taking part in the labour force at a young age stunts children's mental and physical development.

 

Stricter regulations for water sports in Vietnam

The Ministry of Transport has issued new safety standards for water sports which will go into effect on August 15.

 

Vietnamese man sets goal to donate blood 100 times

Nguyen Tri Hieu, 48, from HCM City has donated blood 71 times. However, he has set a goal of donating blood up to 100 times or until his health no longer allows him to.

 

Xa Pho woman knows passion for the flute

After working hard to restore and preserve the traditional cúc kẹ flute, veteran musician Dang Thi Thanh now has around 40 students keen to learn the instrument.

Project on TV series about Nguyen Dynasty launched

A TV series about the Nguyen Dynasty in the 19th century will be filmed next month by a private film company in HCM City.

 

Vietnam's pharmacy market heats up with more M&A deals

The amended Pharmacy Law which took effect in 2017, stipulating that domestic pharmacy firms receive preferences in bids for medicine provided to state-owned hospitals, has prompted foreign investors to increase investment in Vietnam.

Communities across Vietnam's central region go green

Tran Thi Hong's bio-tech start-up business in the central city of Da Nang can recycle about 100 tonnes of household organic waste into safe dishwashing liquid for sale each day.

 

Forum to bolster Vietnam- RoK technology transfer, cooperation

A forum on technology and energy cooperation between Vietnam and the Republic of Korea (RoK) will take place in Ho Chi Minh City from June 25 to 27.

 

BUSINESS NEWS 9/6

Cargo volumes at seaports remain imbalanced

 

Paintings on coracles

The plucky painters have travelled to Tam Thanh Village to prepare for the Tam Kỳ Sea Festival between June 13 and 16, to be held in the provinces Tam Kỳ City.