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Vietnam protesters clash with police over new economic zones

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Demonstrators clashed with police in Vietnam in protests against plans for new economic zones that some fear will be dominated by Chinese investors. Police reportedly detained more than a dozen people in the capital Hanoi and halted demonstrations in other cities. Some carried anti-China banners, including one reading: “No leasing land to China even for one day.” The government proposed ... Read More »

Vietnam’s Aviation Industry Continues its Growth Momentum

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Vietnam is one of the fastest growing aviation markets in the world, growing by 17.4 percent in the last decade, which was driven by a rise in domestic and foreign travelers as well as the emergence of low-cost carriers. However, this rapid growth has started to put a strain on the airport infrastructure. The government has started to invest in ... Read More »

Malaysia’s Berjaya unit may lose US$10mil in Vietnam’s biggest fraud case ruling

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HANOI: A Vietnamese court is set to make a key ruling in the country’s biggest-ever fraud case, in a trial that has spotlighted Vietnam’s ability to tackle financial crime at a time when foreign banks are heeding government calls to invest. The Ho Chi Minh City People’s High Court is expected to rule by Tuesday on whether to uphold a ... Read More »

​SE Asia Stocks-Most markets fall on strong dollar; Vietnam down 2.9 pct

Indonesian traders walk in front of an Indonesia Stock Exchange board in Jakarta, June 12, 2013. Asian stock, bond and currency markets took another big hit on Tuesday after a fresh spike in U.S. interest rates re-ignited concerns about capital flows from the region and prompting a surprise rate hike by Indonesia's central bank.  REUTERS/Beawiharta (INDONESIA - Tags: BUSINESS)

Most Southeast Asian stock markets fell, with Vietnam shedding 2.9 percent, as a strong dollar crimped demand for emerging-market assets. The dollar hovered near a five-month high against a basket of currencies, boosted by easing U.S.-China trade tensions. “As with the running trend over the past weeks, investors found themselves leaning towards DM (developed-market) assets more so than their EM ... Read More »

Vietnam Airlines opens Hà Nội–Đồng Hới route

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Vietnam Airlines will operate a new route between Hà Nội and Đồng Hới in central Quảng Bình Province from June 1 to August 31 to meet the increasing demand this summer. The route will have a frequency of six to seven flights per week. The flights will depart from Hà Nội at 6 am from Tuesday through Sunday every week, ... Read More »

S Korea to inspect VN shrimp firms

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South Korea will send an inspection team to Việt Nam to assess the country’s activities in controlling chemicals and antibiotics in the processing and export of shrimp to South Korea in June this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The trip was announced after the South Korean Ministry of Food and Drug Safety (MSDF) ... Read More »

Vinamilk to spend $127m to advance 2018 dividend

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HÀ NỘI: Vinamilk will pay the interim dividend for 2018 and issue additional shares to increase the share-capital in the third quarter. On September 6, the dairy company will finalise the list of shareholders that will receive the interim dividend for 2018 at the ratio of 20 per cent (equivalent to VNĐ2,000 per share-holding). The dividend will be paid in ... Read More »

Ministries urged to remove 49% foreign cap

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HÀ NỘI — The Prime Minister’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 per cent at enterprises where foreign investment is not restricted. The request for removing the foreign ownership restriction at certain businesses is mentioned in a PM’s working group report on the implementation of ... Read More »

VN exporters must self-verify origin from 2019

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HÀ NỘI – Việt Nam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP). The GSP is the tariff preference for developing countries. With the aim of integrating further into the global economy, Việt Nam has joined many free trade agreements (FTAs) ... Read More »

Three airlines get exemption from import tax

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HANOI: Deputy Prime Minister Vương Đình Huệ has agreed with the proposal of the Ministry of Finance to exempt three airlines from import tax. These include Cathay Pacific Airways Limited, Federal Express Corporation and Japan Airlines. Huệ has assigned the Ministry of Finance to implement the proposal and has instructed the customs forces to supervise and closely control the import and ... Read More »

Việt Nam Singapore satisfied with thriving relations

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HANOI: Vietnamese Prime Minister Nguyễn Xuân Phúc and President Halimah Yacob and PM Lee Hsien Loong of Singapore have expressed their satisfaction with the vigorous growth in the two countries’ relations in recent years, especially since the establishment of a strategic partnership five years ago. The Vietnamese leader paid a courtesy call to the Singaporean President and had talks with ... Read More »

Vietnam tourism destinations attractive to Bangladeshi

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HANOI: South Asia with more than 160 million people, a rapidly growing economy and a growing number of high-income people, Bangladesh is becoming an increasingly attractive market for Vietnamese travel agencies. They have examined the South Asian market and established partnerships with Bangladeshi partners to lure more Bangladeshi tourists to Vietnam. Among those efforts, ATE Vietnam Travel Company participated in ... Read More »

Ministry proposes tobacco tax increase to VNĐ2,000

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HANOI: The Ministry of Health (MoH) on Thursday proposed to raise the tax on tobacco at a press conference on tobacco prevention hosted by the Ministry of Information and Communication. According to the proposal, the tax imposed on a pack of cigarettes is expected to increase to VNĐ2,000 (US$0.088). Meanwhile, the draft law on Special Consumption Tax, which will come ... Read More »

Vietnam still living on FIE exports

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HANOI: Vegetables and fruits were among the key export items with a growth rate of 35.6 percent, a significant achievement if noting that six out of nine farm and seafood produce have seen export turnover decline. Vietnam’s fruits entered choosy markets, the result of efforts to focus on quality improvement and high added-value exports instead of trying to export as ... Read More »

Vietnamese fruit varieties have become mainstream in Canada

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HANOI: After 10 years of negotiations, the US market has opened up to certain fruit varieties from Vietnam, including star apples, mangoes, dragon fruit, longan and lychees. Canadian Canadawide however has been importing from Vietnam for about 15 years and has noticed a significant increase in imported volume over the past ten years. “Consumption of Vietnamese fruits has really taken ... Read More »

Vietnamese phone export to China skyrockets

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HANOI: Vietnam exported nearly 1.5 billion US dollars worth of phones and their components to China in the first quarter of this year, up 4.8 times against the same period last year, according to the General Department of Vietnam Customs on Tuesday. Meanwhile, Vietnam earned over 1.4 billion US dollars from exporting phones and components to the United States, up ... Read More »

Vietnam help from banks to collect Uber’s tax

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HANOI: Officials in Vietnam looking to collect tax from Uber as it exits the country are weighing an option to have domestic banks freeze some payments to the ride-hailing service. Uber has about 53 billion dong ($2.3 billion) in outstanding tax debt. The law allows tax authorities to intercept customer payments through domestic banks if it deems a company’s tax ... Read More »

German delegation seeks trade cooperation with Việt Nam

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HANOI: Việt Nam has changed dramatically in the last three decades, thanks to its dynamic economic growth, and is close to being called an industrialised country. This is a promising start for further expansion of business relations between Germany and Việt Nam. The statement was made by Volker Wissing, Deputy Prime Minister of the State of Rhineland-Palatinate cum Minister of Economic ... Read More »

Vietnam’s Growing Pharmaceutical Market

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HANOI: Vietnam’s pharmaceutical sector has grown significantly in the last decade with positive changes in government policies and an increase in domestic regulations of imported drugs. Regulations on advertising and clinical trials can create obstacles for sellers looking to break into the market, but with the right information, Vietnam offers many opportunities for potential suppliers. Over the past year, Vietnam’s pharmaceutical ... Read More »

Vietnam’s March coal imports drop 30% on year to 1.41 mil mt

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HANOI: Vietnam imported 1.41 million mt of coal in March, down 29.5% from the same month in 2017, according to preliminary data released Tuesday by Vietnam Customs. Indonesia was the biggest supplier of coal in the month with 903,656 mt, spiking 78.1% year on year. But imports from other major suppliers including Australia and Russia fell sharply in March. In ... Read More »