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Minimum wage increase ineffective in raising living standards

 Increasing the regional minimum wage has raised concerns over a potential trade-off with social allowances that would block the new wages from increasing employees' real income.

Sugary drinks may get unsavoury tax

 The Ministry of Finance is proposing the levy of a special consumption tax of 10-20 per cent on sugary drinks to combat obesity rates, though a similar proposal was rejected by the government three years ago.

Party chief begins State visit to Myanmar

Party General Secretary Nguyen Phu Trong arrived in Nay Pyi Taw International Airport on August 24, starting his three-day State visit to Myanmar at the invitation of President Htin Kyaw.

Tax increases could have negative impact on economy

VietNamNet Bridge – The Ministry of Finance (MOF) is seeking approval to raise the VAT in 2019, raising concern among economists. 

Vietnam objects to Taiwan’s live-fire drill in Truong Sa

Foreign Ministry Spokesperson Le Thi Thu Hang has voiced Vietnam’s strong opposition to Taiwan’s live-fire drill on Ba Binh (Itu Aba) Island, and asked the Chinese territory not to repeat similar actions.

SEA Games 29: Vietnam wins more medals in shooting, cycling, tennis

 Vietnamese shooter Le Thi Linh bagged a silver medal in the women’s 10 metre air pistol on August 24, the fifth official competition day of the ongoing 29th SEA Games in Malaysia.

Vietnam to put first observatory into operation

 Vietnam’s first astronomical observatory will be put into operation in September in the central province of Khanh Hoa.

Vietnamese gold medallist at SEA Games 29

As of 12:00 on August 24, Vietnam moved to second placeon the medal tally with 28 gold medals at the ongoing 29th Southeast Asian Games (SEA Games) in Malaysia.

Over 750 foreigners receive certificates of home ownership

 More than 750 foreigners have received certificates of home ownership in Vietnam since the Housing Law 2014 took effect, according to the Ministry of Construction. 

APEC officials interested in Vietnam’s rice production, export

Officials from APEC member economies expressed their special interest in Vietnam’s rice production and export during their fact-finding trip to the Mekong Delta Rice Research Institute on August 24. 

Domestic digital content firms ask for fair policies

Local digital content firms are claiming of unfair treatment compared to their foreign peers.

Real estate records new M&A deals in first half

 Vietnam’s real estate sector recorded several merger and acquisition deals involving foreign capital in the first six months of 2017, according to Dau Tu (Investment) newspaper.

PetroVietnam to complete divestment by 2020

 Deputy Prime Minister Vuong Dinh Hue has released a list of State-owned enterprises from which the Vietnam Oil and Gas Group (PetroVietnam) must reduce its ownership between 2017 and 2020.

Vietnam urged to create second export wave

VietNamNet Bridge - A ‘second export wave’ has been mentioned by Vietnamese experts as a response to technical barriers from importing countries. 

VN proposes big breaks for special economic zones

The Ministry of Planning and Investment has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces.

Vietnam, Indonesia eye joint vision statement on defence cooperation

 The defence ministries of Vietnam and Indonesia are going to sign a joint vision statement on defence cooperation for 2017-2022 during an upcoming Indonesia visit by Vietnamese Defence Minister Ngo Xuan Lich.

Party General Secretary Nguyen Phu Trong to visit Myanmar

Party General Secretary Nguyen Phu Trong will pay a state visit to Myanmar from August 24-26 at the invitation of Myanmar President Htin Kyaw, aiming to deepen the two countries’ cooperation in trade and economics.

US, EU investors still hesitant to invest in VN: experts

 Unresolved issues in Vietnam’s regulations and the business environment have resulted in relatively low FDI inflows from US and European multinational companies, experts say.

Vietnam - Indonesia strategic partnership

 Vietnam - Indonesia strategic partnership

Vietnamese fishermen arrested by Thailand to return home next week

 The Embassy of Vietnam in Thailand is promptly preparing all necessary procedures to bring nine Vietnamese fishermen home next week.