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BUSINESS IN BRIEF 6/4

 Coffee export volumes jump, value falls in Q1, Banks prohibited from disbursing loans in cash, Eximbank: Back to the fingerprint business, Q1 2018: Export of key farm produce surges           

Travelers pay high fees for low-cost tours run by disreputable firms

VietNamNet Bridge - More and more travelers have lodged complaints about the quality of low-cost tours and the irresponsibility of travel firms. 

Students confused about vocation choices as counseling remains weak

VietNamNet Bridge - High schools have been criticized for many years for their poor career counseling. 

Ha Long – Cat Ba heritage management needs reform

Vietnam is making hectic preparations to submit an application for UNESCO recognition of Ha Long Bay – Cat Ba Archipelago as an expanded World Heritage Site. 

Vietnamese hackers earn VND1 billion a month selling Facebook accounts

VietNamNet Bridge - Hackers are creating phishing pages and websites with interfaces similar to Facebook’s, to steal users’ names and passwords. 

Intellectual Property law changes

 Bui Nguyen Hung, director general of the Copyright Office, under the Ministry of Culture, Sports and Tourism, speaks to the newspaper New Hanoi about how Decree 22 will interpret changes made to the 2009 Law on Intellectual Property Rights

Hanoi’s condo market booming

 Positive market sentiments in the condominium industry in 2017 continued into the first quarter of 2018, according to CBRE Viet Nam’s Ha Noi property market report for the first quarter (Q1) of this year, released in Ha Noi on Tuesday.

Grab might have to shoulder Uber’s $2.33 million tax arrears

 After Uber merges with Grab, Grab will be obligated to pay the VND53.3 billion ($2.33 million) tax arrears that Uber has delayed paying to the Ho Chi Minh City Department of Taxation.

RoK ambassador awarded Vietnam’s friendship medal

The Vietnam Union of Friendship Organisations presented the Medal for Peace and Friendship among Nations to outgoing Ambassador of the Republic of Korea to Vietnam Lee Hyuk.

Remittances from US could fall this year

 Foreign remittances are estimated to amount to US$13.8 billion for 2017, the highest growth rate of the past five years and a year-on-year increase of 16%, according to the latest statistics provided by the World Bank.

CJ CGV Vietnam reports stellar 2017 performance

The Republic of Korea's conglomerate CJ's CJ CGV Vietnam, the leading film distributor and movie theatre operator in Vietnam, reported VND2.8 trillion ($122.7 million) in revenue in 2017.

Vietnamese tax agency confident about recovering Uber tax debt

 Grab will have to be responsible for paying Uber’s tax arrears according to a Vietnamese tax official.

Da Nang replans resort following outcry over public access to beach

 The Lien Chieu District People's Committee has proposed to the authorities of Da Nang City to recover 6,300 square metres of land which has illegally used by a resort project.

Ninh Thuan: Sheep die en mass as dry season starts

 Farmers in Ninh Thuan are facing difficulties feeding and watering their sheep even though the dry season has just started.

Vietnam to cut ASEAN salt, eggs import tariffs

 The Ministry of Industry and Trade (MoIT) on Monday issued the Circular No.04/2018/TT-BCT on not applying import tariffs on salt and poultry egg products originating from ASEAN countries.

Vietnam's tra fish industry grapples with export difficulties

 The domestic tra fish industry has overcome several obstacles to achieve its export target this year, and so, needs the State’s support to establish a healthy business environment.

Vietnam's e-commerce set for strong 2018

 The e-commerce market has taken off in Viet Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.

Why do real estate developers want to legalize condotels?

VietNamNet Bridge - Real estate experts believe that selling condotels can bring huge profits to investors and savings in fees that apartment developers usually pay. 

VN Food Association risks losing rice monopoly

 Following recent criticism of the Vietnam Food Association (VFA), the Ministry of Agriculture and Rural Development (MARD) has reduced the association’s power, with further plans to promote fairness in the rice export field.

Football for Friendship 2018 kick-starts in Vietnam

 The sixth season of the Football for Friendship (F4F) international children’s social project has opened in Viet Nam, announced Gazprom, an official partner of FIFA and the 2018 FIFA World Cup.