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BUSINESS NEWS 15/5

Smarter tax policies needed for the development of Vietnamese tech companies

Party chief, President Nguyen Phu Trong chairs key officials’ meeting

Party General Secretary and President Nguyen Phu Trong chaired a meeting of key officials in Hanoi on May 14.

 

Thai designer to talk about upcycling at Heritage Space

Thai designer Eggarat Wongcharit will talk about upcycling design at Heritage Space in Hanoi this Saturday.

 

Vietnam's tea industry needs to focus on quality

Vietnam’s tea industry needs to focus on enhancing quality, diversifying product offerings and building brands to develop in a sustainable way, according to the Ministry of Agriculture and Rural Development.

 

Harnessing fresh capital influx into Asia’s new tiger

Vietnam’s surge towards becoming Asia’s fastest-growing economy is helping the country attract even more capital from overseas sources.

 

New regulations on use of foreign currencies in Vietnam

A circular amending and supplementing several provisions of Circular 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies in the territory of Vietnam became effective on May 13.

 

Vietnam suffers from aging population, brain disorder

Vietnam is suffering fast aging population; at present, approximately 11 per cent of the population is 60 and older, and the proportion of older people is predicted to grow in next years.

 

Local steel sector saw gloomy prospect in first quarter

The US-China trade war and fluctuation in material prices have set a burden on Vietnamese steel companies, reducing profits and even causing losses in 2019’s first quarter.

 

1,000 drug addicts to be treated with Buprenorphine

Around 1,000 drug addicts will be treated with Buprenorphine as the Vietnamese Ministry of Health and the Global Fund to fight HIV/AIDS have launched the drug addiction treatment program with Buprenorphine.

 

Vietnamese banks see improved capital adequacy ratios

The capital adequacy ratio (CAR) of Viet Nam's credit institutions has improved thanks to their increased equity.

 

National Action Month for Children to be launched in June

A ceremony to launch the National Action Month for Children 2019 is scheduled to take place in the Central Highlands province of Lam Dong on June 1, the Children's Day.

Hanoi Stock Exchange delists companies

The Hanoi Stock Exchange (HNX) has issued a decision to cancel the listing of a number of companies in May and June.

 

Australia set to hold food and wine event in HCMC Sunday

The Australian Consulate General in HCMC will organize a public Australian Food and Wine Journey from 1 p.m. to 4 p.m. on Sunday, May 19 at the Park Hyatt Saigon as part of the Taste of Australia program.

 

VN Central Bank to auction over 600 tons of melted coins

The State Bank of Vietnam (SBV) will put up for auction more than 600 tons of melted coins at a starting price of over VND48 billion (US$2.1 million).

Further reviews needed for specialized inspection reduction

A reduction in the number of procedures and that of imports and exports subject to specialized inspections requires further reviews to facilitate trade, said Deputy Prime Minister Vuong Dinh Hue.

HCM City sets up four database centers for smart city

Four database centers that are expected to help turn HCMC into a smart city have been launched after over one year of construction and set-up, stated officials on May 12.

 

VN Central Bank revises down central rate

The State Bank of Vietnam today revised down the central reference rate between the dong and the U.S. dollar after the greenback had appreciated sharply the previous week.

Viettel clinches deal with Peru’s education ministry

Bitel, a Peru-based subsidiary of military-run telecom group Viettel, has signed a deal worth US$27 million with the Ministry of Education in Peru to provide IT infrastructure for over 1,800 schools in Peru.

 

Five talking points from 2019 V.League Matchday 9

Matchday 9 of the 2019 V.League saw reigning champions Hanoi FC concede their first defeat of the season at Thanh Hoa FC, while HAGL continued their sweet run under new manager Lee Tae-hoon.

 

Vietnam insurance market grows 17% in 4 months

Total premiums collected by insurance companies in Vietnam in the first four months of 2019 reached VND44.3 trillion (US$1.89 billion), up 17% year-on-year, according to the Ministry of Finance (MoF).