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Oil refinery projects: complications in investment incentives

Offering tax incentives is a method Vietnam uses to attract investors to oil refinery projects. With the incentives, investors can get benefits of billions of dollars. However, the incentives are the cause of many unsettled problems.

BUSINESS IN BRIEF 1/9

Rice industry urged to change production custom; VN targets $3.5b worth rice exports by 2020; General economic census across VN to be conducted from March 2017: PM

E-commerce growth stumbles as some websites close

Lingo.vn, the Vietnamese e-commerce website which announced its ambitious plan to become No 1 in online sales, has shut down. Some others also have stopped their operation and many others are not doing that well.

Where have the valedictorians gone?

VietNamNet Bridge - In the last 13 years, Hanoi has had 1,300 university graduates who placed first on final exams, but only 10 percent of them were later employed at the city’s state agencies.

Conversion of dipterocarp forests into rubber plantations harms environment

Most of the rubber trees grown on the dipterocarp forest in Ea Sup and Buon Don districts of Dak Lak province have been developing slowly, as the environment in the districts has changed, causing difficulties for production and people’s lives.

Half-done Saigon Silicon Valley already on foreign investors' radar

The construction of a Ho Chi Minh City-based hi-tech complex Saigon Silicon City Centre has only been kicked off but already sees numerous foreign investors having plans to invest once it comes into operation.

World’s 2nd largest Delacour’slangur population found in northern Vietnam

The world’s second largest population of the endangered Delacour’slangur primate has recently been discovered by conservation NGO, Fauna & Flora International, giving fresh hope for one of the planet’s rarest species.

Where will Nokia stand in the Vietnamese market when it returns?

VietNamNet Bridge - Sources all say that Nokia has been hurrying to employ and train workers to prepare for its return to Vietnam.

VN-Index hits over one-month high

Shares rose for the third consecutive day on the HCM Stock Exchange on August 30 as investors continued to focus on large-cap stocks in expectation of further market growth.

Vietnamese businesses act on preconceptions and not on facts: experts

VietNamNet Bridge - Many Vietnamese businesses suffer bitter failures because they make bad decisions when choosing partners.

Ministry to transform VN logistics

 The industry and trade ministry is drafting an action plan for lowering logistics costs to touch 18 per cent of the country's gross domestic product (GDP) by 2020.

Domestic sector loses forestry market to foreigners

The domestic sector has lost the local and export forestry markets to the foreign sector, Huynh Van Hanh, general director of the Handicraft and Wood Industry Association of Ho Chi Minh City has said.

Ly Son – kingdom of purple onions

VietNamNet Bridge – Besides garlic, onion is also a key crop of farmers on Ly Son Island in the central province of Quang Ngai.

Beyeu, Deca, Lingo close but Vietnam’s e-commerce still vibrant

VietNamNet Bridge - The failure of some e-commerce platforms does not reflect the true state of e-commerce, according to the Ministry of Industry and Trade’s E-commerce and Information Agency.

Interest groups hinder equitisation of state-owned firms

The Vietnamese government has many times vowed to boost the equitisation of state-owned enterprises (SOEs), but the process has remained sluggish.

BUSINESS IN BRIEF 31/8

Thirteen car brands on show at VMS; VN urged to up competitiveness; Government-backed loans to be temporarily halted

Investments in 4G pave way for 5G in future

VietNamNet Bridge - After a trial run, Vietnamese network operators are ready for 4G, a necessary step for Vietnam to advance toward 5G and prepare for the Internet of Things (IoT).

Ninh Binh Fertilizer overburdened with debts to Chinese Eximbank

The debt worth VND5 trillion with interest rate of 4 percent to Chinese Eximbank has been burdening Ninh Binh Fertilizer. Problems occur regularly at its plant, and the more products it makes, the more losses it incurs.

MOIT anticipates roadblocks to TPP as US presidential candidates oppose the agreement

While the Trans Pacific Partnership (TPP) Agreement will be ratified by the Vietnamese legislature in 2016, the agreement ratification process is not going smoothly in the US as the two US presidential candidates do not support the agreement.

Binh Phuoc suspends six forest projects

The southern province of Binh Phuoc will stop clearing natural forest land for the planting of industrial trees with high economic value, the provincial authority has announced.