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New policies proposed to better serve pharmaceutical FDI firms

Amcham in Vietnam and the Vietnam Association of Foreign Invested Enterprises jointly held a workshop in Hanoi on March 1 proposing new policies for foreign-invested businesses in the pharmaceutical industry.

Vietnam chairs GMS and CLV summits

 Vietnam will host the sixth Greater Mekong Sub-region (GMS) Summit and the 10th Cambodia-Laos-Vietnam (CLV) Development Triangle Summit in Hanoi from March 29-31.

US’s aircraft carrier USS Carl Vinson to visit Da Nang: Spokesperson

The aircraft carrier USS Carl Vinson, the guided missile cruiser USS Lake Champlain and the destroyer USS USS Wayne E.Meyer of the US Navy will make a goodwill visit to Vietnam’s central city of Da Nang from March 5-9.

Vietnam contributes to common efforts in ASEM cooperation: spokesperson

 Vietnam always attaches importance and gives high priority to contributing to common efforts to raise the role of the Asia-Europe Meeting (ASEM) cooperation, said Vietnamese Foreign Ministry’s spokesperson Le Thi Thu Hang.

President Tran Dai Quang and spouse leave for India

 President Tran Dai Quang, his spouse, and a high-level delegation left Hanoi on March 2 morning to pay a three-day State visit to India.

Shares decline after a four-day rise

 Vietnamese shares declined on March 1 after rising for four consecutive sessions, due to large-cap stocks underperforming as investors sold in pursuit of short-term profits.

PVP Land embezzlement case: six defendants appeal

 Six out of eight defendants in the asset embezzlement case at PetroVietnam Power Land JSC (PVP Land) have so far lodged their appeals against the first-instance sentences handed down by the Hanoi People’s Court on February 5. 

Ministries, localities asked to track domestic, regional situations

 The Government has asked ministries, sectors and localities to closely monitor developments of domestic and global situations to devise suitable policies, said Minister-Chairman of the Government Office Mai Tien Dung.

Exploring Son Doong cave in early spring

Many tourists wish to explore the biggest cave in the world, Son Doong, between 2-5 million-years old is a massive cave system in the central province of Quang Binh. 

Foreign media call Vietnam a rising tiger

Despite Brexit and the US withdrawal from the TPP, which are expected to have adverse effects on Vietnam’s economy, foreign experts and investors still have a positive impression of the economy’s performance.

Samsung S9, S9+: 50% of phones made in Vietnam

VietNamNet Bridge - Samsung has introduced the duo Galaxy S9 and S9+ on the threshold of the 2018 Mobile World Congress in Barcelona. 

Hanoi needs millions of USD to revive rivers

VietNamNet Bridge - Hanoi is a ‘city of rivers and lakes’. However, many are in danger because of waste pollution.  

Teachers help connect Vietnamese students with the world

With the support of information technology, teachers are helping students from poor areas connect with friends around the world.

Outstanding farmers launch agri startups

 VietNamNet Bridge – Tran Trung Hieu, a farmer from An Giang Province’s Chau Thanh District, not only cares for his orange garden, but does so using an invention he designed and built on his own.

Ramping up tax audits to boost shrinking state budget

 Many firms in Vietnam, both local and domestic, will face tax audits this year.

New decree replaces regulations on logistics business

 From February 20, 2018, logistics businesses have to meet the business conditions outlined in Decree No.163/2017/ND-CP on logistics services, replacing Decree No.140/2007/ND-CP.

Revived TPP will benefit its members without US

While rumours circulate of the US potentially re-joining the TPP, renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the UK has also recently expressed wishes to have its name added to the pact. 

BUSINESS IN BRIEF 1/3

 Shortage in labour after Tet minimal, 2018 started with major FDI inflows, SCIC to auction more than 2.4mn Maritime Bank shares, US-Vietnamese tie up to develop $50-million recycling facility

Decree 116 and a mounting investment in automobile manufacturing

 As Decree No.116/2017/ND-CP  has tightened quality checks, it is very hard to import automobiles to Vietnam, but a huge investment wave is forming to hit the automotive industry.

Google in historic 'right to be forgotten' challenge

 A businessman has taken Google to the High Court in London in what is being seen as a landmark case over "the right to be forgotten".