Tax and investment changes concern foreign firms
The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Viet Nam, said Bui Ngoc Tuan, deputy general director of the Audit and Advisory firm Deloitte Viet Nam at a workshop on Tuesday in Ha Noi.
Vietnam Airlines busy in e-commerce
Vietnam Airlines made a series of moves on www.vietnamairlines.com and its app at the end of June to affirm its position in the e-commerce revolution.
— Vietnam Economic Times
US Calls on Vietnam to Free Jailed Rights Activists, Other ‘Prisoners of Conscience’
The United States voiced strong concern on Wednesday over the return to prison in Vietnam of three human rights activists, calling itself “deeply disappointed” over an appeals court’s ruling on Tuesday upholding sentences imposed at their trial in January.
— Radio Free Asia
Court upholds sentences against anti-State instigators
The High-Level People’s Court in Hanoi on July 10 maintained prison sentences handed down on three men on the charge of conducting propaganda against the State of the Socialist Republic of Vietnam by the first instance court.
Viet Nam signs up to international fishing legislation
The Government has agreed to accede to the Food and Agriculture Organisation’s Agreement on Port State Measures (PSMA), the first binding international agreement to specifically target illegal, unreported and unregulated (IUU) fishing.
Enterprise spending on mobile advertising to hit $220 mn by 2020.
Spending by enterprises on mobile advertising will increase to $220 million by 2020, according to a report on Vietnam’s mobile app market in the first half of 2018 released by leading mobile internet platform Appota on July 11.
— Vietnam Economic Times
Vietnam updates defence legislation
Vietnam has updated national defence legislation providing guidance for a range of related policies, regulations, and initiatives including efforts to modernise the country’s state-run defence industrial base.
Vietnam anti-pollution program gets $23.3 million in new funding
Vietnam government has approved an allocation of VND535 billion ($23.3 million) for an ongoing five-year program to curb environmental pollution.
Vietnam bucks stagnant consumer electronics trend
Vietnam is one of only two Asian economies set to show fourth quarter improvement in the consumer electronics sector.
Promoting high quality coffee production
The total value of coffee exports in the first six months of 2018 reached US$ 1.98 billion, down 6% on the same period last year, according to the Department of Agro-product Processing and Market Development under the Ministry of Agriculture and Rural Development.
— Nhan Dan Online
Draft strategy targets Vietnam’s leading position in Asian mariculture
A draft strategy for sea farming development has set the target of making Vietnam a leading country in mariculture in Asia, and one of the world’s top five farmed seafood producers and exporters by 2050.
US-China trade war to hurt or benefit VN agriculture?
The ongoing US-China trade war will greatly impact the structure of the world economy in the future, causing damage but also generating indirect opportunities for countries where the economy relies heavily on agricultural production like Viet Nam.
Vietnam earns kudos for steady progress in innovation
Vietnam has climbed two spots on the latest Global Innovation Index and earned praise for being one of the few countries showing consistent progress.
Shoes & Leather Vietnam exhibition attracts 700 businesses
More than 700 shoe and leather producers and suppliers from 26 countries are taking part in the series of exhibitions on footwear and leather products which opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on July 11.
— Nhan Dan Online
Vietnam vows to work towards sustainable fishery
The Vietnamese Government’s decision on July 9 to join the Agreement on Port State Measures (PSMA) of the UN Food and Agriculture Organisation (FAO) to prevent and fight illegal, unreported, and unregulated (IUU) fishing has received positive response from the FAO Committee on Fisheries (COFI) and the international community.
Sign of transfer pricing as loss-making FDI firms still expand in Vietnam
Many foreign direct investment (FDI) enterprises have kept expanding their investment in Vietnam despite having constantly posted losses for several years, an indication of transfer pricing, experts said at an investment workshop in Hanoi on Tuesday.
— Tuoi Tre
90% of European firms want to maintain or expand investment in Vietnam
A survey on Vietnam’s business climate in the first three months of 2018 shows positive expectations from European firms towards Vietnam, said Nicolas Audier, co-chairman of European Chamber of Commerce in Vietnam (EuroCham).
— The Hanoi Times
Bamboo Airways given approval for investment
Deputy Prime Minister Trinh Dinh Dung has approved Bamboo Airways’ investment project at Phu Cat Airport in the south central province of Binh Dinh.
Southern Vietnam faces power shortage due to delayed projects
A warning that residents in the southern region of Vietnam might experience more blackouts, over the risk of power shortage in the next three years, was issued by a ministry when dozens of thermal electricity projects have been delayed.
— Tuoi Tre
Vietnam, Russia oil and gas firms step up cooperation
Chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam) Tran Sy Thanh and Chairman of the Management Committee of Russian gas group Gazprom Alexey Miller discussed a broad array of future cooperation fields at their recent working session in Moscow.
— VietnamNet Bridge
Van Don Airport receives first flight
Van Don International Airport received its first flight at 10am today before if officially opens in December.
Growing numbers of Taiwanese visit Vietnam
According to Vietnamese government data, the number of Taiwanese tourists visiting the Southeast Asian nation grew by more than 13 percent to reach a total of almost 339,000 during the first half of this year.
— Taiwan News
EuroCham remains upbeat on Vietnam
European firms continue to remain confident that they can do good business in Vietnam, but expect further improvement in its regulatory framework.
Vietnam, Japan seek to enhance exchange of female leaders
Exchanges of female members between the Communist Party of Vietnam (CPV) and the Liberal Democratic Party (LDP) of Japan will create a new channel of cooperation for the Vietnam-Japan strategic partnership, said Truong Thi Mai, Head of the CPV Central Committee’s Commission on Mass Mobilisation, on July 11.
— Nhan Dan Online
Vietnam estate brokerage set to list on Ho Chi Minh bourse
CenLand, the biggest real estate brokerage in northern Vietnam, plans to list 50 million shares on the Ho Chi Minh bourse in the third quarter, to raise more funds to expand its secondary sales business.
— Nikkei Asian Review (paywall)
Cars from Thailand zoom into Vietnam
The number of cars imported last month marked a 45.6 percent increase over May this year, according to the General Department of Vietnam Customs.
Feature photo Justin Jensen
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