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HCM City real estate market remains on growth path

 The HCM City property market is expected to remain strong this year thanks to the country’s robust economic growth last year.

VN stocks plummet on rising investor worries

 Vietnamese shares sank on Tuesday morning as investors continued to react negatively to the selloff occurring in the global market.

Saudi Arabia to temporarily suspend Vietnamese fish imports

 Saudi Food and Drug Authority (SFDA) has decided to temporarily suspend the import of fish and shrimps from Viet Nam.

Foreign-sourced capital to dwindle as from 2018

Total foreign-sourced capital for projects will gradually decline as from 2018, when Vietnam will completely graduate from ODA, leading to more prudent consideration of projects using less preferential loans.

Saigontourist to go public this year

 Saigontourist Holding Company – the country’s leading tourism services provider – and its subsidiary Saigontourist Travel Service Company are expected to go public later this year, said the group’s top executive.

Labor Ministry: Highest Tet bonus is VND855 million

 The highest bonus for workers for the upcoming Lunar New Year holiday (Tet) is VND855 million (around US$37,650) and the lowest is VND20,000, according to the Ministry of Labor, Invalids and Social Affairs.

Government determined to trim agencies by 10%

 The Government has issued a resolution on State apparatus reform with an aim to cut down the number of agencies and civil servants in 2021 by 10% compared to 2015, news website Vneconomy reports.

PM approves target program on IT for 2016-2020

The Prime Minister has recently approved the Target Program on Information Technology (IT) for the period of 2016-2020.

Events in Hanoi & HCMC from Feb. 5 to 11

 Events in Hanoi & HCMC from Feb. 5 to 11

New boat tours to Trang An Complex to open at Tet

 Visitors can discover new routes in the UNESCO-recognized World Heritage Site of Trang An in Ninh Binh province.

Traders flood So Thuong fish market as Kitchen God Day nears

Hanoi’s largest fish market So Thuong was bustling with custom on February 5 as people are busy preparing for Ong Cong – Ong Tao (the Land Genie and the Kitchen Gods Day), which falls on 23rd of the last month of the Lunar New Year.

Vietnam’s largest tulip festival in Vinpearl Nha Trang

A tulip festival is set to take place from February 8 to March 2 in Vinpearl Nha Trang, aiming to bring a special Tet (Lunar New Year) for all visitors.

MICE tourism: a huge opportunity for Vietnam

 Known as the non-smoke industry, the tourism sector has expanded and now presents opportunities for enterprises to find appropriate partners, develop their business or expand within the market.

South Korean contractors sign $2.7-billion deal for Long Son complex

 Two South Korean investors, namely SK E&C and POSCO E&C, will develop two projects to serve Long Son Petrochemical Complex located in Long Son Island in the southern province of Ba Ria-Vung Tau, according to newswire Koreabusiness.

Vietnam fails to enforce tax payments from Uber B.V?

To date, the Ho Chi Minh City Department of Taxation has yet to enforce tax payments from Uber B.V because the company has yet to open a bank account in Vietnam.   

Old folk games played again on Phung Hung pedestrian street

Folk games common to the childhoods of many generations have made a return to the newly pedestrianised Phung Hung Street in Hanoi.

E-cigarettes 'should be on prescription'

 E-cigarettes should be available on prescription, according to Public Health England (PHE).

YouTube Kids app still showing disturbing videos

 YouTube says it is "very sorry" after more disturbing videos were found on the YouTube Kids app.

US tariffs to wash out local imports

 Washing machines and solar panels manufactured in Vietnam and exported to the US will be slapped with new US tariffs, a concern to manufacturers who still plan to keep their investments in the country on track.

Natural cosmetics are vitalised

 The growing appetite of consumers for natural cosmetics has fuelled the billion-dollar domestic cosmetics market, which has recently seen increasing presence by local players.