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Ministry criticized for raising transport fees

 Deputy Prime Minister Vuong Dinh Hue has reprimanded the Ministry of Transport for allowing higher fares to be applied to railway, air and bus services, resulting in the high consumer price index (CPI) last month.

Quang Ngai residents protest over foul waste treatment site

 Many people in Nghia Ky Commune, Quang Ngai Province, have blocked rubbish trucks from entering the waste treatment plant due to the unsanitary nature of the site.

Two publications launched to protect bears in Vietnam

 Two publications giving instructions on caring for rescued moon and sun bears, as well as guidance to plant herbal alternatives to bear bile were launched at a ceremony on July 10.

Vietnamese annually spend $4 billion studying abroad

 Vietnamese students annually spend USD3-4 billion to study abroad with the majority being self-financed, said Minister of Education and Training Phung Xuan Nha.

UNESCO title is not enough to save Dong Ho woodblock printing. Make it sell!

 Vietnam is seeking UNESCO recognition for the almost vanished Dong Ho woodblock printing art in Bac Ninh province and, with its many unique features and techniques, another cultural heritage title is within reach.

Vietnam to buy electricity from Laos

 Deputy Prime Minister Trinh Dinh Dung asked the Ministry of Industry and Trade to speed up power projects as well as buying more electricity from Laos.

VN’s auto industry at crossroads: report

Vietnam’s automobile industry is at cross roads, lagging behind ASEAN competitors, according to a report launched by the IFC and the Ministry of Planning and Investment early this week.

Vietnamese wake-up alarm app available in iOS App Store

 Alarmeow, a wake-up call application created by a group of young Vietnamese is now available at the iOS App Store.

Phone subscriber regulation under fire from telecomms firms

 A new regulation that stipulates telecommunication firms may only provide discounts for prepaid subscribers of up to 20 per cent has major problems and fails to uphold market economic principles.

Covered warrants: the answer to investors prayers?

 Covered warrants is a new investment tool that on the face of it, appears to be an effective hedging and investment instrument.

More and more companies shifting listings in H1

 Around 20 companies have shifted their listings among the stock exchanges since the beginning of this year, more than half moving back to the Unlisted Public Company Market (UPCoM) due to prolonged losses.

IFC and VPBank cooperate in $50 million commodity financing

IFC, in partnership with VPBank is extending a commodity financing facility of up to US$50 million to Tan Long Group Joint Stock Company.

Vietnam needs reforms for new FDI strategy

VN needs breakthrough reforms in FDI approach to sustain the country’s rapid economic development, competitiveness and inclusive prosperity, according to a report launched by the IFC and the Ministry of Planning and Investment.

Lam Dong fights fake Chinese spuds

 Lam Dong People’s Committee has approved a pilot project to promote the Da Lat potato brand in an effort to combat Chinese potato, which claimed to be of Da Lat brand.

Pepper prices will struggle to recover this year: Agriculture Ministry

 The Department of Farm Produce Processing and Market Development (DFPPM), under the Ministry of Agriculture and Rural Development (MARD) has forecast that pepper prices will struggle to recover in July and the rest of the year.

US-China trade war to hurt or benefit VN agriculture?

 The ongoing US-China trade war will greatly impact the structure of the world economy in the future, causing damage but also generating indirect opportunities for countries where the economy relies heavily on agricultural production like Viet Nam.

For Vietnamese, zero tariff fails to translate into cheaper cars

Last month, Toyota Việt Nam unveiled the recommended retail prices for its first shipment of cars imported from Indonesia at zero tax, and most of them are higher than before the policy of zero tariffs took effect.

Electronics retailer owes $6.42m in fines, back taxes over past decade

 HCM City-based electronics retailer Nguyen Kim has been asked to pay US$6.42 millionin fines and tax arrears after it was found to have been improperly manipulating the amount of personal income tax its employees had to pay over the past 10 years.

Gov’t plan to reduce number of polluting enterprises

 Prime Minister Nguyen Xuan Phuc has recently approved a VNĐ535 billion (US$23 million) programme to wipe out utility enterprises seriously polluting the environment by 2020.

Network operators rush to slash 3G, 4G fees

VietNamNet Bridge - Mobile network operators, one after another, have increased the capacity of data packages by five to six times, while keeping the service fee unchanged.