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Vietnam’s coffee industry in danger as farmers shift to other crops

VietNamNet Bridge - Many farmers have chopped down coffee trees and shifted to durian and fruit trees after incurring big losses with coffee farming.

BUSINESS NEWS IN BRIEF

Explosion in Hanoi's apartment segment in Q4 2018, PV Gas looks to boost LPG retailing, Labor issues may hinder EVFTA signing, Cat Lai Port at risk of exceeding capacity ahead of Tet

Nearly 900 traffic monitoring cameras installed in HCMC

 The Traffic Control and Monitoring Center in HCMC will put into operation 762 cameras to monitor traffic and 136 cameras for measuring traffic density in the city, in an attempt to reduce traffic congestion and accidents.

Alicia Keys to host the 2019 Grammy Awards

 "I know what it feels like to be on that stage, and I'm going to bring that vibe and energy," Keys, a 15-time Grammy Award winner, said in a statement Tuesday. "I'm so excited to be the master of ceremonies on the biggest night in music

2018 ICT revenues reach almost US$100 billion

 Vietnam’s total revenue from information and communications technology (ICT) in 2018 reached an estimated US$98.9 billion, according to data released at a meeting yesterday by the Ministry of Information and Communications.

Vietnam entitled to steep tariff cuts by CPTPP partners

Other members of the CPTPP have pledged to cut some 77%-100% of tariff lines on Vietnamese ordinary goods, news site Vietnamplus reported, citing a statement from the Ministry of Industry and Trade.

Vietnam Airlines captain under probe for smuggling

 Police in HCMC’s Tan Binh District on January 15 said in a statement that they had launched an investigation into suspected perfume smuggling by a 35-year-old captain of Vietnam Airlines.

History Museum displaying shipwreck artifacts

 The largest-ever exhibition of 500 artifacts from sunken vessels dating from the 15th to 18th century will take place at the Vietnam National Museum of History from January 18 to May 18.

A humiliating Brexit defeat, but May will likely stagger on

 Just 24 hours after incurring a historic parliamentary defeat, British Prime Minister Theresa May faces another challenge to her premiership: A vote of no confidence in her government.

Tet celebrations underway in Hoi An

 Host of activities taking place in ancient town to welcome the Tet holiday.

A better class of investment

 Vietnam is certain to see better-quality foreign investment under the CPTPP.

Dang Kim Phuong desires to motivate young people

 VietNamNet Bridge – Inspirational speaker Dang Kim Phuong has been voted onto the directorial board of the International Youth Parliament (IYP).

Vietnamese banks prepare for Basel II standards

VietNamNet Bridge - Vietcombank and VIB Bank have become the two first Vietnamese banks which have received approval from the State Bank of Vietnam (SBV) to apply Basel II standards.


Watsons launches the first store in Vietnam

 Watsons, the leading health and beauty brand in Asia and Eastern Europe, is opening its first store at Ho Chi Minh City's Bitexco Tower on January 17, marking its official entry to the Vietnamese market.

More measles cases reported at HCM City, Hanoi hospitals

 VietNamNet Bridge – Hospitals in HCM City and Hanoi are admitting dozens of patients with measles each week, many of them pregnant women and children.

Politburo to issue new resolution on foreign investment

The Political Bureau will issue a new resolution that serves as basis for Viet Nam to improve institutions, including tax policies, on foreign investment attraction in years to come. 

Hanoi targets 7.4-7.6% economic growth for 2019

The Hanoi People’s Committee has set 22 targets for socio-economic development in 2019, focusing on State budget restructuring, improvement of its investment and business environment and promotion of the innovation and startup ecosystem.

Japanese firms see Vietnam as top investment destination in Asia

 Japanese firms consider Viet Nam the most attractive investment destination in Asia due to the country’s high economic growth, its position as a production hub and its large consumer market.

CPTPP tariff cuts may not reduce auto prices

 The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership came into effect on Monday.

HCM City begins construction of 70 transport projects

 VietNamNet Bridge – The HCM City Department of Transport expects to start construction on 70 transport projects this year.