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BUSINESS NEWS IN BRIEF 8/8

Vietnam works hard to have “yellow card” warning removed, VIB buys back all bad debt from VAMC, HCM aims to promote retail sector as key economic contributor, Legal corridor needed for digital industry     

Social News 8/8

CAAV asks Lao Cai to reconsider airport project, Honeymoon and Wedding Perfect expo returns in August, HCMC seeks funds for improving traffic infrastructure, Health authority ensures continuous ARV treatment for HIV/AIDS-positive people 

Vietnam encounters barriers exporting rice to China

Vietnam’s rice export price has unexpectedly surpassed Thailand’s prices, but the good news has been overshadowed by China’s higher import tariff on sticky rice and tighter control over imports.

Vocational schools look forward to getting every student

While training divisions at universities are busy these days dealing with the high numbers of applications, enrollment officers at vocational schools are idle because of the lack of students. 

Experts advise against sharp depreciation of Vietnam dong

 Several experts have suggested that the State Bank of Vietnam take efforts to stabilize the local currency rather than weakening Vietnam dong to sharpen competitiveness of local commodities.

HCMC taxman aims to collect taxes from online account holders

 The HCMC Tax Department has invited some 14,000 social network account holders, especially those developing applications on Google and Facebook, to work with their tax offices on their tax obligations, reported Lao Dong newspaper. 

What’s status of Vietnam’s software industry after two decades of development?

Vietnam’s software firms are developing steadily with stable revenue growth rate of 50 percent per annum. 

The T-Art celebrates 1st anniversary serving Vietnamese food like art

Diners were treated to extravagant food and wine pairings in a private dinner party at T-Art in the heart of Ha Noi’s Old Quarter on Tuesday. "I’m very happy that T-Art has been receiving rave reviews and has been rated five stars

Climate change: 'Hothouse Earth' risks even if CO2 emissions slashed

 It may sound like the title of a low budget sci-fi movie, but for planetary scientists, "Hothouse Earth" is a deadly serious concept.

Finance Ministry proposes halting exchanging land for infrastructure

 The use of land, a type of public property, for payment to investors in the Build – Transfer (BT) format should be stopped until the Vietnamese government issues a new regulation.

Vietnam’s publishing industry faces new challenges with Amazon entry

In the digital and artificial intelligence era, orthodox publishing groups no longer play the key role in the world’s publishing industry. The role has been transferred to Facebook, Google, Amazon and Apple. 

Ca Mau develops first soil bank in Mekong Delta

 The Mekong Delta province of Ca Mau is developing a soil bank on 11 hectares in Cai Nuoc District to store soil and mud dredged from the rivers for ground leveling. This is the first soil bank in the Mekong Delta.

Worrying Halong Bay fees

 Quang Ninh Province government has finally refrained from a plan to hike fees for visitors to the World Heritage site of Halong Bay given objections by travel firms and tourists. 

Draft SEZ law not on NA Standing Committee's agenda at Aug session

 The draft law on special administrative and economic units, also known as special economic zones, will not be put on the agenda of a National Assembly Standing Committee session set for August 8 to 13.

Consumers wary of switching to E5 gasoline

 The total consumption of the biofuel E5 in the first half of the year saw a 31.18% increase year-on-year, reaching some 1.78 million cubic meters.

Domestic firms dominant in wood exports

Domestic wood processing companies have overtaken FDI enterprises in terms of export revenue. 

Pepper prices tumble to 10-year low

 Pepper prices in the Central Highlands have plunged to VND48,000-49,000 per kilogram, the lowest price point over the last decade, reported news website Vietnamplus.

"Golden piano boy”, the Paris-based Arod Quartet to perform in Hanoi

 A classical concert featuring the Paris-based Arod Quartet and pianist Nguyen Viet Trung will take place at Hanoi Opera House on August 25.

Low-pressure system heading to East Sea

 The National Center for Hydro Meteorological Forecasting issued its latest weather forecast this morning that a low-pressure system is heading to the East Sea.

Total of 21 days for 2019 public holidays announced

 The total number of public holidays next year is set at 21 days, announced the Ministry of Labour, Invalids and Social Affairs on August 6.