Innovations in digital payments are expected to transform public transport systems around the world, promising a better experience for Vietnamese passengers on any mode of travel. Nam Phuong reports.

VietNamNet Bridge - A survey has found that 70 percent of businesses want to have their disputes settled by arbitrators, but in most cases, disputes are brought to court instead.

As more foreign investors buy and sell Vietnam-based assets to and from each other, the tax issue is becoming more pressing for both deal participants and Vietnamese regulators. 

 Thanks to Vietnam’s incentive policies issued to lure investment capital into the renewable energy sector, foreign investors are expanding in the country through mergers and acquisitions deals.

 Despite positive forecasts, the business performance of Vietnam’s largest drug-makers went downhill in the first half of 2018, heralding challenges ahead.

The Netherlands-based Uber BV Company has completed its remaining tax arrears payment of $2.26 million, immediately after the firm withdrew its petition against the HCMC’s Department of Tax department.

 Prime Minister Nguyen Xuan Phuc has become Chairman of the freshly-established National Committee for E-Government.

 Foreign-invested enterprises have become an important driving force for Vietnam’s economic development and international integration after 30 years since the country began attracting foreign direct investment

 Total assets of Vietnamese insurance companies in the first eight months of the year surged sharply by 35.16 percent year-on-year to nearly 365.52 trillion VND (15.55 billion USD), a report from the Ministry of Finance (MoF) showed.

Vingroup, one of the most powerful conglomerates in Vietnam, has launched its Vin Hi-Tech, a technology research institute, and Big Data Institute, both of which belong to VinTech. 

It is estimated that about 2,000 tons of solid construction waste are discharged each day, not including waste from transport projects and household construction works.

VietNamNet Bridge - State-owned universities with financial autonomy have announced an increase in tuition of 10-30 percent. However, they say the new tuition is still not enough to cover training costs.

The liquor and beer industry contributed VND50 trillion to the national economy in 2017, but the total damages to society might be up to 1.3-3.3 percent of GDP, equal to VND65 trillion.

 Vietnamese women averagely earn 33 percent less than male peers, Old man eats rat poison by mistake, Vietnamese health watchdog removes drugs containing Valsartan, HCMC Cultural Heritage Association promotes tea culture and calligraphy

 The EU-Vietnam Free Trade Agreement, with its extensive tariff cuts for agri-food products, is prompting foreign companies to enter the Southeast Asian market seeking investment and business opportunities in these products.

Cities around the world are piloting new technologies to develop smart cities, which has become the mainstream in the past decade.

 Today, more than half of the world lives in cities and urban developments, which is projected to grow to 68 per cent by 2025. 

Vietnam is on the rise, with its growth poised to outperform the global average in 2018. However, there are still many concerns about the sustainability of this growth, especially as ASEAN is being hugely influenced by Industry 4.0 impacts.

 President Tran Dai Quang and Indonesian President Joko Widodo agreed to strive to bring two-way trade to 10 billion USD towards a trade balance during their talks in Hanoi on September 11. 

 The Republic of Korea Navy’s destroyer anchored at Tien Sa port in Da Nang on September 11, beginning its four-day visit to the central city.