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Food processing industry has ample space for development

 The Vietnamese food processing industry is developing fast, providing many investment opportunities for domestic and foreign investors.

Grab Vietnam overstates taxes paid in Vietnam

Grab Vietnam claimed to have paid VND140 billion ($6.16 million) to Vietnam’s budget in the ten months of this year, which is far above the VND9.53 billion ($433,181) on the records of the General Department of Taxation.

Song Da Corporation to conduct IPO on December 25

 Song Da Corporation will conduct the public auction of 219.7 million shares at its initial public offering (IPO), which will be organised on December 25, 2017, according to the approval of the Hanoi Stock Exchange.

Sony Electronics Vietnam to pay VND7 billion in tax arrears

 Vietnam's customs authorities are asking Sony Electronics Vietnam Co., Ltd. to pay tax arrears worth VND7.3 billion ($321,221) because it declared lower prices than the actual price of its imported LCD TVs.

Real estate in the last months of the year: Which projects are stirring up the market?

 At the end of the year, the real estate market becomes more active as investors flock to “premiere” their real estate products. The apartment supply is plentiful and customers have more choices, but not all projects meet customer demand.

Trung Nguyen coffee group opens rep. office in China

 Trung Nguyen coffee group opened a representative office in Shanghai, China on the afternoon of November 23, marking its development in the world market.

Vietnam sees bright future for apparel exports to APEC

Major countries, which are member economies of APEC, have become key markets for Vietnam’s garment and textile products, and are forecast to making up between 74%-75% of the country’s total apparel export turnover in the near future.

First cashier-free convenience store appears in HCM City

 A convenience store which lets shoppers walk in, load up on the items they want and walk out without having to wait in lines or at checkout counters to pay has recently emerged in HCMC.

Government reports: economy sees quality improvements

 Vietnam’s economic growth quality has seen significant improvements recently, eliciting great praise from international organisations.

Hanoi viaduct mural project remains unfinished

 The railway viaduct spans on Phung Hung Street have been left in a mess after an art project to turn it into a canvas was temporarily halted.

US$300 million to build three hi-quality university urban areas

 Prime Minister Nguyen Xuan Phuc has decided to borrow approximately US$300 million in ODA loans, from international financial institutions, in order to invest in developing three hi-quality university urban areas in three regions across the country.

Ao dai fashion show on Vietnam’s sea and islands held in Paris

 An Ao dai (long dress) collection designed by Miss Vietnam 2010 Ngoc Han was featured at a fashion show at the Vietnam Sea and Islands – Endless Beauty event at Paris-based UNESCO Headquarters.

Great expectations

 Vietnamese SMEs share a common wish that the upcoming APEC meetings will provide a platform for them to better connect with similar enterprises in member economies.

Vietnam's terraced fields among Top 25 surreal landscapes

 UK daily newspaper The Telegraph has voted Vietnam’s terraced rice fields in sixth position on its Top 25 most surreal landscapes in the world.

Ministry plans free education for primary and secondary pupils

 The Ministry of Education and Training has proposed to exempt tuition fees at public schools for both primary and secondary pupils.

BUSINESS IN BRIEF 26/11

Measures sought to develop agriculture in northwestern region, Grab driving to break into e-payment sector, Construction on cement grinding station begins in Ha Giang, Vietnam urged to strengthen land, copyright laws

New forestry law looks beyond protection to development

 Ha Cong Tuan, deputy minister of Agriculture and Rural Development, speaks to the Vietnam Economic Times about his ministry’s resolve to make forests a key resource for national economic development.

Economic strategy must include natural disaster prevention

 Professor Doctor Vu Trong Hong argues that the country’s recent experiences with natural calamities wre caused in part by a failure to link the national strategy on economic development with a plan to prevent environmental disasters.

PhD training quality must improve, says minister

 Minister of Education and Training Phung Xuan Nha spoke with Vietnam Economics Times about tightening regulations on doctoral training to create qualified human resources.

Youth sow hi-tech seeds for a better future

 Similar threats of being a country bumpkin and so on were, and are, common admonishments delivered by adults, as though farming was an undesirable pursuit, instead of the most essential one for human survival.