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Finance Ministry proposes environmental tax hike

 The Ministry of Finance has proposed raising environmental protection taxes on oil and petroleum products from the current 3,000 VND (13 US cents) to the ceiling level of 4,000 VND (17 cents) per litre beginning July 1, 2018.

Setting up businesses to … transfer to Chinese

VietNamNet Bridge - Many Vietnamese in Nha Trang in Khanh Hoa province are registering businesses under their names and then transferring them to Chinese, allowing Chinese staff to work without a work permit. 

BUSINESS IN BRIEF 25/2

 Ministry assures consumers over cheap imported beef, Vinh Long to host 1st agricultural inputs fair, HDBank offers 0.7% extra interest, Vietcombank increases service fees from March

Music concerts with Le Cat Trong Ly

 The Da Nang-born songwriter and songstress Le Cat Trong Ly will introduce her latest songs during two special music nights at L’Espace on March 3 & 4.  

We have gained growth momentum for coming 5-10 years: Planning minister

 Planning and Investment Minister Nguyen Chi Dung tells Thoi bao kinh doanh that the high spirits engendered by 2017’s impressive gains will spur socio-economic development this year and beyond.

BUSINESS IN BRIEF 24/2

 MWG pours VND3 trillion into Bach Hoa Xanh chain, VNG incurs big losses from Tiki investment, Japan aids power development in Phu Yen province, Four foreign investors applying for strategic position in PV Power

Construction starts on Vietnam’s first petrochemical complex

 Prime Minister Nguyen Xuan Phuc gave the order to start construction on the Long Son Petrochemicals (LSP) Complex – the first of its kind in Vietnam – at a ceremony on February 24 in the southern province of Ba Ria-Vung Tau.

Dogs get the Midas touch for God of Wealth Day

In addition to the traditional products of gold statues depicting the God of Wealth, traders are offering dog-shaped gold products, the mascot of the year, for God of Wealth Day (Caishen Day) on the tenth day of the first lunar month.

Flowers thrown away in Hanoi after Tet due to low prices

 Thousands of bunches of gladiolus flower were thrown away at a flower market in Hanoi by sellers after Tet Holiday due to low prices.

Government to hold meeting on new car import regulations

The Office of the Government said on February 23 that it will hold a meeting with representatives from business associations, enterprises, and foreign embassies regarding the obstacles on new car import regulations.

Vietnam loses to South Korea at World Billiards Cup

 The Vietnamese billiards team lost to South Korea 21-40 in the first Group C match at the World Championship for national teams in Viersen, Germany on February 22.

Vietnam in midst of trade war among world powers

While global trade policies take place among the world’s powerful economies, small economies like Vietnam have to sustain enormous impact from the shifts in policies.

Hai Duong: Inscriptions carved on cliff recognised as national treasure

 A system of inscriptions carved on the cliff at Kinh Chu Cave in the northern province of Hai Duong’s Kinh Mon district was recognised as a national treasure at a ceremony held in the locality on February 23.

Vietnam targets effective, safe growth of stock market

 The Government and the State Securities Commission plan to carry out key measures to develop the stock market in a rapid and effective but safe manner, Minister of Finance Dinh Tien Dung has said.

Vietnamese Ambassador visits US aircraft carrier in Norfolk

 Vietnamese Ambassador to the US Pham Quang Vinh made an official visit to Norfolk city in the US state of Virginia from February 21-22. 

Agriculture industry aims for US$40 billion export target

 Agroforestry and seafood exports set a new trade record of US$36.37 billion in 2017, a rise of more than US$4 billion over the previous year and setting new milestones in the process.

Vietnamese inventor blazing a trail in the land of the rising sun

To make a name for oneself in a foreign country is no mean feat, but to do that in Japan, that too in the early seventies and eighties, takes extraordinary resolve and perseverance, qualities that Tran Ngoc Phuc has displayed in ample measure.

Does Vietnam’s future depend on middle-class development?

Expected to account for 33 percent of Vietnam’s population by 2020, the middle class is  a major contributor to the country’s development, according to Phung Duc Tung, head of the Mekong Development Institute.

Entrepreneurs, experts gaze into crystal ball, see good prospects for Vietnam

A new year has come bringing with it, as usual, many new opportunities and challenges. Many entrepreneurs and researchers believe Vietnam will enjoy good growth this year, and they see good prospects for many sectors. 

Eight teams to compete at Danang International Fireworks Festival

 Danang International Fireworks Festival (DIFF) 2018 has been slated to take place from April 29 to June 30 and is expected to attract eight teams.