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VAT refund process needs simplifying: experts

 Experts have urged simplifying the procedures to receive refunds on value-added tax (VAT) for foreign tourists.

Hanoi firefighters develop motorbikes for alley fires

 Hanoi firefighters have modified motorbikes to carry their equipment into small alleyways to allow them to carry out their tasks.

Industry 4.0 to affect retail banking

The trend towards non-cash payments and digitalization in retail banking and the maturation of FinTech companies in Vietnam present major opportunities as well as challenges for retail banks during the fourth industrial revolution.

Abandoned Cambodian passenger jet at Noi Bai Airport to be used for training

 The Vietnam Aviation Academy has proposed to the Ministry of Transport to use a Cambodian passenger jet abandoned at Noi Bai International Airport for a decade for its training activities.

Nearly 600 cyber attacks in November

 As many as 597 cyber attacks were launched on Vietnam’s websites in November 2017, according to the Vietnam Computer Emergency Response Team (VNCERT).

Shares mixed on changing money inflow

 Shares tumbled for a third straight day on the HCM Stock Exchange on Thursday but rose on Ha Noi’s bourse as money inflow channelled into small- and mid-cap stocks.

Policy changes pose obstacles for foreign investors

Although FDI has played an important role in boosting Vietnam’s economic growth, recent changes in policies and regulations have exposed many foreign investors to considerable risks and obstacles in executing their investments.

Financial violations imperil rubber firm’s IPO

 Prime Minister Nguyen Xuan Phuc asked the Ministry of Public Security (MPS) to handle suspected financial violations by the Vietnam Rubber Group (VRG) prior to the company’s intended initial public offering.

Lower Mekong countries, the US enhance cooperation

 Concerted efforts are needed to enhance cooperation between the governments of Cambodia, Laos, Myanmar, Thailand, Viet Nam and the US in a number of areas, including education, energy security, food security, agriculture and health.

Quang Binh rangers detain man with two dead langurs

 Forest rangers in Quang Binh on Wednesday detained a man who was carrying two stripe-headed black langurs (Trachypithecus hatinhensis), listed by International Union for Conservation of Nature as an endangered species.

Vietnamese players enter main round at Three-Cushion World Cup

 Vietnamese cueists, Ma Xuan Cuong and Ngo Dinh Nai, have entered the main round of the Three-Cushion World Cup in Hurghada, Egypt.

S Korean experts train Vietnamese archers

 Six South Korean archers of the Doosan team that won the silver medal in the 1996 Atlanta Olympics are training members of the Vietnamese national archery team in Hanoi.

Saigon Heat to exceed ABL play-offs this season

 Saigon Heat will start their ASEAN Basketball League (ABL) this weekend, targeting a better place than their previous play-offs.

Cold front hits northern Vietnam

 A cold front approached the northern region late last night, dropping the temperature and causing scattered rain across the region.

Hanoi police arrest transporters with over 16.3 kg of heroin

 Hanoi’s narcotics police have caught two men for illegally transporting a large amount of heroin from the mountainous Northwest for retail dealers in the capital city.

HCM City targets 8.5 percent GRDP growth in 2018

 The Ho Chi Minh City People’s Council (ninth tenure) set a gross regional domestic product (GRDP) growth rate of 8.3-8.5 percent for 2018 during its sixth session that took place from December 4-7. 

Traditional to digital: New wave in retail banking

 Vietnam is witnessing a wave of digitalisation in the retail banking industry, driven by industry 4.0 technologies.

Hanoi court opens trial on ex-deputy director of agriculture department

 The Hanoi People’s Court on December 6 opened proceedings in the case of ex-deputy director of the city’s Department of Agriculture and Rural Development, Pham Minh Nguyet, and five others accused of violations in economic management.

Deputy PM lauds USAID’s contributions to socio-economic development

 Deputy Prime Minister Vuong Dinh Hue has applauded contributions of the US Agency for International Development (USAID) to Vietnam’s socio-economic development as well as national management.

PM Nguyen Xuan Phuc hosts Hong Kong’s Jia Yuan chairman

 Prime Minister Nguyen Xuan Phuc made it clear that Hong Kong is an important partner and market of Vietnam at a reception for Shen Tian Qing, Chairman of Jia Yuan group of Hong Kong (China) in Hanoi on December 7.