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BUSINESS IN BRIEF 27/2

 Shadow economy measuring scheme to be proposed in Q1, Ramping up tax audits to boost shrinking state budget, ROK at forefront of foreign investors in Vietnam, Garment exports to China show impressive growth

VN sees rise in doctor assaults

 VietNamNet Bridge – The number of assaults against medical workers climbed to a record high last year, with 25 cases reported to the police. Hospital violence stayed in the headlines year-round,

Energy policy could prioritise small scale projects

 VietNamNet Bridge – In a major shift in perspective, the Government is viewing small scale projects as the best, most sustainable way of tapping the nation’s hydropower potential.

Lunar New Year dog paintings show to open in Hanoi

 VietNamNet Bridge – A little dog waiting at a gate, a stone dog statue guarding a door and a mother dog clinging to her babies are three of the paintings at an exhibition currently underway in Hanoi.

Saigon Heat lose to Singapore Slingers at ABL

 VietNamNet Bridge – Saigon Heat lost to Singapore Slingers 76-94 in the ASEAN Basketball League (ABL) match on February 25 in Singapore.

Local retail market charms foreign investors

 Vietnam, ranked among the world's top 30 retail markets with the best opportunities by A.T. Kearney, continues to prove its attractiveness as two foreign investors have entered the local retail sector this year.

Job fears over automation and AI

 Minister of Industry and Trade Tran Tuan Anh said automation and AI were going to replace workers at factories in the coming ‘fourth’ industrial revolution.

Hanoi: other vehicles could use BRT lanes

 The Hanoi Department of Transport’s Public Transport Management and Operation Centre have just proposed to allow other vehicles to use BRT (Rapid Bus Transit) lanes.

Thousands of workers abandoned by South Korean company

 Thousands of workers at KL Texwell Vina returned to work on February 26 after the Tet holiday to find that the company remained closed and their South Korean managers were still absent.

Vietnam’s shrimp farming industry undergoing reshuffle

VietNamNet Bridge - Hi-tech shrimp farming has become an attractive business for many investors.

Hue builds pedestrian street using rare wood

 The central city of Hue has started construction on a pedestrian street along the Huong River which will be panelled with a kind of a rare and valuable wood in Vietnam.

Hanoi calls for investment on 10 metro lines

 Hanoi’s authorities have submitted a plan to the prime minister calling for USD40bn in ODA investment and proposals on how to implement 10 metro projects.

Vietnam faces risk of bird flu outbreak

The Department of Animal Health under the Ministry of Agriculture and Rural Development has warned about the threat of bird flu outbreak following one A/H5N6 bird flu outbreak recorded in the past 21 days in Dai Ban Commune, 

SBV tells banks to up security after $11m fraud

The State Bank has instructed all banks to improve safety of their money transactions after the Ministry of Public Security issued an international warrant for a fugitive bank executive for allegedly misappropriating nearly US$11 million.

Banks to shuffle leaders in 2018

 Banks are expected to make major changes in the selection of their top personnel for the upcoming term from 2018 to 2023 to meet the Government’s new regulation.

Vincom Retail poised to join ETF portfolios

 Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF.

Car companies voice concern over Decree 116

 Viet Nam needs to develop its own automobile industry, create favourable import conditions and ensure production for more than 90 million people.

Ministry stalls shadow economy study

 After much debate over the true nature of undocumented market transactions in Viet Nam, otherwise known as the shadow economy, officials have again postponed the release of an accredited study on the matter.

Sugar prices plunge on smuggling

 Sugar prices in domestic market have fallen so sharply that sugar mills and sugarcane farmers in the Cuu Long (Mekong) Delta are facing difficulties.

Executives, officials meet VN trade aides

 Localities and businesses appreciate the efforts made by Vietnamese trade counsellors in helping the country’s businesses boost their exports, and want them to continue providing information in a timely manner.