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New regulations in offshore fishing hinder fishermen

Thousands of fishing boats have been grounded due to new of the Ministry of Agriculture and Rural Development (MARD) regulations.

Court resumes Dong A Bank appeals trial

The HCM City High-Level People’s Court on Monday (May 27) resumed the appeals trial of defendants involved in wrongdoings at Dong A Bank (DAB), which incurred losses of more than VND3.6 trillion (US$154 million).

Temple statue stands for the proud history of artisans

Seven-hundred years after it was constructed, a sculpture continues to surprise visitors to Bao Ha Temple in Bao Ha Village, Dong Minh Commune, Vinh Bao District in the port city of Hai Phong.

Big players heat up Vietnam’s pharmaceutical industry

The local demand for pharmaceutical products has rapidly expanded as a consequence of high economic growth, rising per capita income, and an increasingly large population, which has made it more attractive to potential investors.

Internet speed affected as cable breaks

The Asia-Pacific Getaway (APG) Submarine cable from Vietnam to some Asian countries broke at 5.30 pm on May 27, affecting internet connections. 

 

Park lists 23 players to take part in King’s Cup

Park Hang-seo yesterday announced the squad for the upcoming King’s Cup in Thailand.

Vietnamese-led research team unlock potential of ultra-thin 2D materials

A research team led by Vietnamese national Nguyen Trong Hieu from the Australian National University (ANU) has demonstrated for the first time the maximum potential of ultra-thin 2D materials to generate electricity using sunlight.

 

Vietnamese, Chinese defence ministers hold talks in Hanoi

Vietnam and China have recorded progress in their defence cooperation, which deserves to be an important pillar in the countries’ all-round relations, leaders of the two defence ministries said at their talks in Hanoi on May 27.

 

Vietnamese athletes win golds, set records at Taiwan Open Athletics Championships 2019

Vietnam won three gold medals and set records at the Taiwan Open Athletics Championships 2019 which closed on May 26.

NA looks into urban land-related policies, law implementation

The implementation of policies and legal regulations on the planning, management and use of land in urban areas over the past few years was the focus of the National Assembly meeting on May 27.

 

RoK veterans’ group condemns AO/dioxin use in Vietnam

The Korean Healthy Security Measures Association, an advocacy group for war veterans, held a press conference with foreign correspondents on May 27 in Seoul to condemn the use of Agent Orange during the war in Vietnam.

Children gather in Hoi An for international festival

Eight art troupes from different countries are participating in the International Children’s Festival in the ancient city of Hoi An, the central province of Quang Nam.

 

Vietnam hopes for investment from Swedish firms: PM

Prime Minister Nguyen Xuan Phuc said on May 27 that Vietnam hopes that Swedish investors and businesses will cooperate with and invest in the Southeast Asian nation.

 

Late President Ho Chi Minh’s birthday marked in Argentina

A ceremony marking the 129th birth anniversary of late President Ho Chi Minh (May 19, 1890) took place in Buenos Aires on May 26.

 

 

Three draft laws under discussion on May 28

The National Assembly (NA) is set to consider the draft revised Law on Public Investment, the draft law on military reserve force, and the draft law on the entry and exit of Vietnamese citizens on May 28.

 

Vietnam looks to develop cashless payment

The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.

 

Son La province boosts plum production

Hau or Queen plum is identified as one of Son La province’s key products. The province is making efforts to build brand and boost export of Hau plums.

BUSINESS NEWS 28/5

Minors over 14 no longer eligible for green cards through parents’ investments

Audit and tax risks in 4.0 era

As Vietnam prepares to introduce the amended Law on Tax Administration in 2019, Lam Le, partner for tax and consulting services at RSM Vietnam, shared with VIR some important points for foreign businesses and investors.

 

Vietnam’s electricity sector projected to be bigger than Britain’s by mid-2020s

With a population nudging 100 million and annual GDP growth around 7%, Vietnam has forecast power generation will need to rise from about 47,000 MW currently to 60,000 MW by 2020 and 129,500 MW by 2030.