vietnamnet bridge

Update news vietnamnet bridge

Vietnam imports nearly 100 percent of materials for steel production

Vietnam's steel industry has faced many difficulties and challenges during the past time due to the excess capacity and fierce competition from domestic enterprises as well as direct impact of imported steel from Chinese market.

 

Vietnam Airlines pilot salaries continue rising

Vietnam Airlines pilots have seen a rise in their salary over recent years with the average figure of VND132.5 million (USD5,739) in 2018.

 

Sino – US trade war nudges up foreign firms towards Vietnam

Amid escalating trade battle between the US and China, an increasing number of foreign firms are flocking to Vietnam seeking for supply source and expanding their markets, thanks to low manufacturing costs.

Fiscal deficit to stay high in 2019 due to delayed SOE divestment

Vietnam's fiscal deficit will stay high at 5.7 percent in 2019 due to delays in the divestment of State-owned enterprises and lower import tax revenues, according to Fitch Group’s Fitch Solutions forecast.

Ministry seeks to eliminate lifetime employment of civil servants

The Ministry of Home Affairs has suggested the removal of the lifetime employment policy for state employees and civil servants from early 2020 to boost competition and push them to improve their capacity and better fulfill their duties.

 

Tighter regulations needed to prevent fake goods online in Vietnam

The Vietnamese Government should impose strict punishments on the trade of counterfeit goods on e-commerce platforms, attendees were told at a conference held in Hanoi on Thursday.

 

US plans warship visits to Vietnam this summer for enhanced maritime ties

The US Navy is planning two major visits to Vietnam this year as part of efforts to strengthen maritime relations between the two armies.

10 legal documents issued in Vietnam in March

The Vietnamese Government and the PM issued 10 legal documents in March, including seven Decrees and three Decisions, according to the press conference of the Ministry of Justice.

 

Malaysian firms explore investment in VN’s car manufacturing industry

Malaysian Ambassador to Vietnam Dato Mohd Zamruni Khalid said that Viet Nam was an attractive market for car manufacturing given its young population and favourable investment policies.

 

Grab cars must have roof signs: draft

Cars which provide passenger transportation services via ride-hailing platforms like Grab will have to have roof signs showing that they were “contract vehicles”.

 

Guarantee for customs clearance to be piloted in 2021-22

The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation, a customs official said.

 

Vietnam's property market stable in Q1

The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions.

 

PM Nguyen Xuan Phuc wraps up official visits to Romania, Czech Republic

Prime Minister Nguyen Xuan Phuc arrived in Hanoi at noon of April 18, concluding his official visits to Romania and the Czech Republic.

 

Vietnam should continue economic restructuring: ADB official

Country Director of the Asian Development Bank (ADB) Eric Sidgwick has recommended Vietnam push ahead with restructuring its economy to maintain stable growth in the medium and long terms.

 

Thanh Hoa to celebrate 990th naming anniversary

Lam Son Square in the north central province of Thanh Hoa will be turned into a kaleidoscopic stage for a grand ceremony to mark the 990th anniversary of the locality’s naming on May 8.

 

US, EU investment capital poured into southern Vietnam

Foreign direct investment (FDI) from the EU and US has been pouring into southern localities like Ho Chi Minh City, Dong Nai, and Binh Duong provinces.

 

Vietnam wants more support from IMF: Party official

Vietnam hoped that the International Monetary Fund (IMF) will continue cooperating closely with the country and provide it with more assistance, training and policy consultancy, a senior Party official has said.

 

Industrial property boosts appeal to investors

A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.

 

Vietnam's National Assembly Chairwoman affirms Vietnam’s ties with US

National Assembly Chairwoman Nguyen Thi Kim Ngan affirmed Vietnam’s external policy of treasuring ties with the US during a reception in Hanoi on April 18 for US Senator Patrick Leahy, Vice Chairman of the US Committee on Appropriations.

 

The most powerful families in Vietnam’s banking sector

Techcombank (TCB) and VP Bank (VPB) are now the two biggest private banks in Vietnam, while the families of Ho Hung Anh and Ngo Chi Dung, the biggest shareholders of the banks, are the most powerful families in the banking sector.