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Cutting red tape saves Vietnam over US$37 million per year

In 2018, the government targeted to remove at least 50% of administrative procedures, simplify 61% business conditions and reduce 60% of specialized inspection for trade activities.

Vietnam's North - South Expressway PPP projects may kick off construction next year

In case contractors are selected without arising situations, construction of the North-South expressway invested under the public-private partnership (PPP) may start in April 2020, VnEconomy reported.

 

Better foundation for forex stability

The forex “fever” in the first week of May has sparked concerns over its continuity in the upcoming time.

Rising labor costs erode Vietnam’s appeal to foreign investors

As its labor cost is equal and even higher than other countries, Vietnam will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness.

Experts caution against investing in shophouses

Investing in the booming shophouse segment in HCM City could end in losses, if market observers are to be believed.

 

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.

 

Hisashi Kitamura and Veronika Vadovicova win the Vietnam Jungle Marathon

Hisashi Kitamura of Japan triumphed in the men’s 70km category at the VN Jungle Marathon at Pu Luong Nature Reserve in Thanh Hoa over the weekend, while the women's 70km race saw Veronika Vadovicova from Slovakia take first place.

 

Agriculture tackles African swine fever subsidy fraud

The Ministry of Agriculture and Rural Development (MARD) has instructed localities hit by African swine fever (ASF) to detect whether there has been fraud designed to take advantage of the Government's financial support for farmers

50kg of crayfish seized in Lang Son

On Saturday, police in Lang Son Province seized 50kg of crayfish being transported in a coach.

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.