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VAT hike expected to bring $3.2 billion more to state budget

Rong Viet Securities estimates that if the new VAT policy is applied from 2019 with the tax rate increasing from 10 percent to 12 percent, the state budget would have VND70 trillion a year more from VAT collections. 

TV companies urged to stop uploading videos on YouTube

As Vietnamese content developers only receive 10 percent of the revenue from advertisements, they have been advised to stop uploading videos on YouTube to earn money from ads. 

Kien Giang brings seawater ashore for shrimp farming

VietNamNet Bridge - Instead of trying to prevent salt water from entering land, some coastal localities have opened their doors to seawater, turning the water brackish for shrimp farming.

FPT launches Vietnamese-Japanese translation app

 FPT Corporation, Vietnam’s leading information technology firm, has launched Speakdi, a Vietnamese-Japanese automatic translation app, on App Store since early this month.

VASEP plays down concern over slump in shrimp exports to U.S.

 U.S.-bound shrimp shipments in the year to July had dipped 5.5% to US$344.7 million, but the Vietnam Association of Seafood Exporters and Producers (VASEP) said the decline was not cause for concern as general seafood exports still fared well.

HCMC says no to apartments smaller than 25sq.m

 The HCMC government has just announced a decision disallowing construction of apartments smaller than 25 square meters, saying such small-sized condos will put pressure on the city’s infrastructure and give rise to slums in the sky.

First Medical Center for tourists opens in HCM City

The Department of Health in Ho Chi Minh City has opened to public the tourist medical center, the first –ever of its kind in the city, in the General Hospital Sai Gon at 125-127 Street Le Loi in District.

40 percent of Vietnamese kids lack sleep because of much studying

 According to Dr. Johnathan Halevy from Family Medical Practice infirmary, half of preschool students and 40 percent of Vietnamese adolescents sleep less than a normal sleep of 8 hours.

Vietnam and Brazil sign maritime transport agreement

 The Vietnamese and Brazilian governments have signed a maritime transport agreement to strengthen bilateral trade in the future.

VFF criteria makes it impossible for local to coach national football team

 The Vietnam Football Federation has decided to find a foreign coach to replace Nguyen Huu Thang as no local coach meets the criteria they set to lead the national team.

Danang park zoo closure proposed

 Green Park JS Company which operates the 29-3 Park in the central city of Danang has proposed to the municipal authorities to close the zoo in the park.

Two foreigners detained for luxury watch theft

 Two Iranian men have been arrested after being accused of stealing a gold watch in a shop in the northern province of Lang Son.

HCM City customs officers detained for container scam

 Three customs officers in HCM City have been arrested after being suspected of being involved in the theft of 213 containers from a local port in mid-2015.

HCM CIty Real Estate Association back illegal project by Saigon River

 The Ho Chi Minh City Real Estate Association (HoREA) has proposed to keeping an illegally built project on the banks of the Saigon River.

Age discrimination debate continues to rage in Vietnam

 Many hard-working women are receiving unexpected termination letters from their employers and finding it difficult to get another job, says the Vietnam General Confederation of Labour.

Mavin to invest $80 million in Nghe An

 Mavin Group, an Australian-Vietnamese joint venture, has pledged to invest some US$80 million in the north-central province of Nghe An, mainly in the husbandry sector.

Positive trend forecast for banking sector in H2

 Following an improvement in the first half of the year, the positive performance trend would continue for the banking industry in the second half thanks to high credit growth and supporting policies on settling non-performing loans (NPLs).

Samsung Pay launches in Vietnam

 Samsung on Wednesday launched its mobile payment service Samsung Pay in Việt Nam in partnership with the National Payment Corporation of Viet Nam.

Train collision causes heavy congestion on Highway 1

 A collision between a North-South cargo train and a truck occurred early on Wednesday at a railway crossing in Nhi Khe Commune, Hanoi's Thuong Tin District. The accident caused serious traffic congestion for hours. 

Party delegation visits US to reinforce bilateral relations

 A delegation of the Communist Party of Vietnam led by Chairman of the Party Central Committee’s Commission for External Relations Hoang Binh Quan paid a working visit to the US from September 10 to 13.