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Tax rates on alcoholic beverages in Vietnam too low: WHO

In 2016, the average consumption of beer and liquor in Vietnam was 8.3 liters, much higher than the global average (about 6.5 liters in 2017) and the trend increasingly hiked, up by 90% over the past seven years.

Children's books released for summer holiday

New books for children published by the Kim Đồng Publishing House, a leading publisher for young readers, are now available in HCM City bookstores.

Huawei phones without Google apps confuse Vietnamese customers

Huawei phones hold a modest market share due to poor product designs and marketing as well as plain features compared to other brands such as Oppo or Samsung.

Inventories of Vietnam’s 20 listed property firms hit US$7.4 billion

High inventories were attributable to sluggish construction that was caused by legal loopholes.

Logistics enterprises, schools work to close skills gap

With e-commerce and automation changing the landscape of the logistics sector dramatically, there will be a focus on re-skilling the existing workforce in technology, which will improve the competitiveness of the logistics industry.

 

Horse festival in Lao Cai to celebrate northern highlands culture, sports

Cultural activities will be organised in the northern province of Lao Cai as part of the The Festival of the White Highlands Bac Ha between May 31 and June 9.

Vietnam escapes US’s likely currency manipulator blacklist

The US is likely not to include Vietnam in a twice-yearly report of currency manipulators based on new data the country provided the Treasury Department, Bloomberg reported, citing a person familiar with the matter.

VietinBank to issue bonds worth $427.5 million

The State Bank of Viet Nam has approved the plan submitted by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to issue bonds worth VND10 trillion (US$427.5 million).

 

Funding capacity, asset quality of banks improves

The financial capacity of Viet Nam’s credit institutions has solidified in recent years, with their charter capital reaching VND578.9 trillion (US$24.85 billion) by the end of the first quarter 2019.

 

State-owned banks to retain dividends for capital hike

Authorities have basically agreed on a State Bank of Viet Nam (SBV) proposal to allow large State-owned commercial banks to retain their dividends or pay them in shares to increase capital.

 

Vietnam seafood exports to CPTPP member countries up 15 percent

Vietnam’s seafood exports to the other 10 members of the CPTPP have increased sharply since the agreement took effect earlier this year, according to the Ministry of Agriculture and Rural Development.

 

Ninh Thuan builds more solar, wind projects

The central province of Ninh Thuan aims to become the renewable-energy centre of the country, with assistance from the central government's preferential policies.

 

Vietnam's wood exports soar to nearly $3.12b

Export turnover of wood and wooden products reached nearly US$3.12 billion in the first four months of the year, a year-on-year increase of 18.3 per cent, according to the General Department of Customs.

 

Attempts to preserve keepsakes from resistance wars

Vietnam’s history of resistance wars against French colonialism and American imperialism has given it many heroes and magnanimous stories.

Solar power plants exert pressure on power grid

An increasing number of solar power plants are placing mounting pressure on Vietnam Electricity Group (EVN) by developing power grids and connecting them with plants over a short period, officials said.

 

Bamboo against plastic

The story of Bong, the bamboo fish built to protect Danang’s beach from plastic waste.

 

BUSINESS NEWS 27/5

Vietnam Wind Power Conference set for Hanoi

 

Cu Lao Cham – pioneer in environmental protection

While some other islands are only facing severe waste problems. However, Cu Lao Cham has come up with a solution in banning all non-biodegradable waste on the island for 10 years.

 

Dam Sen Park offers evening leisure activities

Dam Sen Cultural Park operated by Saigontourist Holding Company has organized the “Dam Sen By Night” program from 6 p.m. to 9 p.m. every evening since April 27.

 

Vietnam tightens control over Chinese goods bearing made-in-Vietnam labels

Management authorities are stepping up preventive measures to stop trade fraud and tax evasion related to Chinese commodities that illegally carry made-in-Vietnam labels due to escalating U.S.-China trade tensions.