Việt Nam strives to join ASEAN countries with developed statistics Vietnam News 1st Nov 2018
The ASEAN Community Statistical System (ACSS) made a great contribution to the ASEAN economy, said Nguyễn Thị Hương, deputy director of the General Statistics Office of Vietnam (GSO).
Vietnam carries out ASEAN Declaration on civil service’s role Vietnam Net Bridge 1st Nov 2018
Prime Minister Nguyen Xuan Phuc has just approved a project to implement the “ASEAN Declaration on the Role of the Civil Service as A Catalyst for Achieving the ASEAN Community Vision 2025”.
Vietnamese, Cambodian provinces sign cooperation pact Vietnam Net Bridge 28th Oct 2018
Chairman of the People’s Committee of southwestern Tay Ninh province Pham Van Tan and Mayor of Cambodia’s Kampongcham province Kouch Chamroeun on October 27 signed a new cooperation agreement between the two localities for 2018-2022.
New Vietnam President Nguyen Phu Trong sworn in after 99.8% vote The Straits Times 23rd Oct 2018
Vietnam lawmakers on Tuesday (Oct 23) elected as president, Communist Party chief Nguyen Phu Trong, the only candidate on the ballot, making him the most powerful man in the country where consensus leadership has traditionally kept strongman rule in check.
Politics & Laws Party leader Nguyễn Phú Trọng sworn in as new President Vietnam News 23rd Oct 2018
The newly-elected State President Nguyễn Phú Trọng took an oath of office for the 2016-21 tenure on Tuesday afternoon following the result of a morning vote by deputies of the 14th National Assembly (NA) during their on-going sixth session.
WWF chooses Da Nang as Vietnam`s National green city Hanoi Times 20th Oct 2018
The World Wildlife Fund (WWF) voted Da Nang as Vietnam’s National green city in 2018. Speaking at the celebration ceremony, Vice Chairman of the Da Nang People’s Committee Nguyen Ngoc Tuan said, the new title given to Da Nang is the honor and pride of the city’s citizens. It also facilitates Da Nang authorities to build the city as an “environment city” in the time ahead.
Vietnam’s peacekeeping mission in South Sudan grabs int’l headlines Vietnam Net Bridge 19th Oct 2018
Vietnam’s participation in UN peacekeeping activities in war-torn South Sudan has gained praise from international media.
Vietcombank’s application to establish a New York office approved Vietnam News 1st Nov 2018
The US Federal Reserve Board announced on its website early this week that it had approved the application by Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) to establish an office in New York City.
PM asks Samsung to turn Vietnam into its biggest hub Vietnam Net Bridge 31st Oct 2018
Prime Minister Nguyen Xuan Phuc received Vice Chairman of Samsung Group Lee Jae-yong in Hanoi on October 30, asking the Republic of Korea-based firm to expand investment and turn Vietnam into its largest production hub.
Big FDI projects to set up camp in southern economic hubs Vietnam Net Bridge 31st Oct 2018
Vietnam has seen positive signs in attracting foreign direct investment (FDI) in the remaining months of 2018 as a number of international investors are seeking to expand their businesses in the southern key economic zone.
US likely to approve Vietnamese tra fish compatibility: VASEP Vietnam Net Bridge 31st Oct 2018
Vietnamese tra fish quality compatibility may be approved by the Food Safety and Inspection Service (FSIS) under the U.S. Department of Agriculture, though an official announcement has yet to be released, according to Truong Dinh Hoe, VASEP general secretary.
WWF, business group seek to green textile industry Vietnam News 29th Oct 2018
A project to make the textile industry more environment-friendly has been launched in Hà Nội by the World Wide Fund for Nature and the Việt Nam Textile and Apparel Association.
Vietnamese banks have eye on foreign markets Vietnam News 27th Oct 2018
Several Vietnamese banks were gearing up expansions to foreign markets to tap increasing overseas investment by Vietnamese businesses.
Việt Nam makes slow start on ‘smart factories’ Vietnam News 27th Oct 2018
The fourth industrial revolution is giving rise to “smart” factories where robotics, artificial intelligence (AI), cloud computing, and data analytics are used to link production and logistics processes and make manufacturing more intelligent, efficient and sustainable, but their number is limited in Việt Nam.
Banks jump into the e-wallet business Vietnam News 25th Oct 2018
More and more banks are entering the e-wallet business as they see huge growth potential in the wake of the Government’s plan to reduce cash payments to below 10 per cent of all transactions by 2020.
Vietnam to host 13th ASEM Customs DG-Commissioners Meeting VietnamPlus 24th Oct 2018
The General Department of Vietnam Customs (GDVC) will host the 13th Asia-Europe Meeting (ASEM) Customs Directors-General and Commissioners Meeting in October 2019. The GDVC plans to propose some priorities to be added into the ASEM customs action
Highlight on documents posted on e-customs Portal in 1st week of Oct, 2018 Vietnam Customs 23rd Oct 2018
From 01 to 05 Oct, 2018, the e-Customs Portal has been updated with some documents on policy for goods purchased from inland areas into the specific customs area, rules of origin in the ASEAN-Korea Free Trade Area Agreement; e-transactions on digital signatures and digital signature authentic services.
Bitcoin mining machine imports raise controversy Vietnam Net Bridge 31st Oct 2018
The Ministry of Finance proposed banning the import of concurrency mining machines, but the Ministry of Industry and Trade has voiced its objection, noting that a ban would be inappropriate and could contradict other regulations.
Bid to stop transfer pricing abuse has local firms crying foul VnExpress International 1st Nov 2018
Local companies complain they are caught in the crossfire of new regulations against transfer pricing abuse by foreign firms.
Vietnam aims to become a maritime powerhouse by 2030 VnExpress International 25th Oct 2018
Vietnam will build its maritime sector to boost economic development and strengthen national defense, a new Party resolution says.
VN's imports of clothing materials see strong growth Vietnam Net Bridge 22nd Oct 2018
Vietnam recorded strong growth in imports of materials for the textile and garment industry in the first nine months of 2018, according to statistics by the Ministry of Industry and Trade.
Vietnam, Japan building satellite for natural disaster prevention VnExpress International 19th Oct 2018
They have begun preparatory steps in Japan to produce LOTUSat-1 as part of the Natural Disaster and Climate Change Prevention project undertaken by the Vietnam National Space Center (VNSC), the Japan International Cooperation Agency said Thursday.
Petroleum law to be revised to facilitate sustainable growth of oil sector Vietnam Net Bridge 30th Oct 2018
It is time to make amendments to the current Law on Petroleum to legally facilitate the development of Vietnam’s oil and gas industry and implement the strategy for sustainable development of the maritime economy until 2030 and with a vision towards 2045.
Banks race to fund green energy projects Vietnam Net Bridge 29th Oct 2018
Commercial banks are rushing to provide loans for green energy projects amid a wave of investment in the growing industry, dubbed a landmark for the country’s renewable energy outlook.
Finance ministry designs more incentives to boost biofuel consumption Vietnam Net Bridge 29th Oct 2018
The high price of input materials to produce ethanol and the policies on restricting imports to protect local production have made E5 petrol prices unattractive to consumers.
Vietnam crude oil output to fall 10 pct a year through 2025: PetroVietnam VnExpress International 24th Oct 2018
Vietnam’s crude oil output is expected to fall by 10 percent a year through to 2025 due to declining reserves at existing fields, PetroVietnam said on Wednesday.
Risen Energy’s recent project wins in Vietnam top 160MW PV Tech 24th Oct 2018
Major China-based PV manufacturer Risen Energy has secured its third recent PV power plant project in Vietnam, bringing its tally to over 160MW.
Better green finance for better environment: Swedish recommendations Vietnam News 24th Oct 2018
Investing in renewable energy is an emerging trend in Việt Nam in response to worsening environmental destruction and the gradual disappearance of essential livelihoods.
Calls for removal of energy obstructions Vietnam Net Bridge 23rd Oct 2018
As Vietnam strives to ensure sufficient energy sources, it has been urged by the international community to enable private investors to engage more in the country’s energy industry.
Developing oil refinery projects no longer ‘fashionable’ Vietnam Net Bridge 23rd Oct 2018
The trend of investing in oil refinery projects that began 10 years ago has met a dead end.
Ninh Thuan to have four new wind power plants by year-end Vietnam Net Bridge 22nd Oct 2018
Four wind power projects are scheduled to be completed in the south central province of Ninh Thuan by the end of 2018, according to the provincial People’s Committee.
Việt Nam treasures comprehensive cooperation with Denmark: PM Vietnam News 21st Oct 2018
COPENHAGEN — Prime Minister Nguyễn Xuân Phúc has affirmed that Viet Nam always treasures the development of friendship and comprehensive cooperation with Denmark, its important partner in Northern Europe and the European Union.
Southern provinces want environmentally-friendly LNG power, not coal power vietnamnews.vn 27th Oct 2018
The building of new thermopower plants has recently become a cause célèbre in the country as economic demands and environmental concerns face off, especially with a number of localities rejecting central Government-approved plants. Việt Nam needs an enormous amount of energy to feed one of the fastest growing economies in the world, and coal-fired thermopower plants are usually favoured by governments as the most affordable option that can guarantee a cheap supply of electricity, however, environmentalists and the public have been arguing that the perceived ‘low costs’ have not accounted for costly long-term consequences that these plants dealt to the environment and people’s health. Most recently, the low-lying coastal province of Long An received attention as the local government decided late in September that they would ask the Ministry of Industry and Trade (MoIT) to not go through with two coal-fired thermopower plants in the province, opting to build a US$5 billion thermopower plant run on liquified natural gas (LNG), which supposedly produces less pollution and greenhouse gases, instead.
Vietnam's electricity wholesale market to open next year vietnamplus.vn 18th Oct 2018
The competitive electricity wholesale market will be fully operational starting in 2019 following a successful year-long pilot period. Deputy Minister of Industry and Trade Hoang Quoc Vuong spoke about the development of the marketplace at a recent meeting in Hanoi. Vuong said the development of a competitive electricity market is a long-term plan for Vietnam’s electricity sector as mandated in the 2004 Electricity Law. The details of the plan were specified in the Prime Minister’s Decision 63/QD-TTg in 2013, which laid out the conditions and structure of the new market. The marketplace was to be developed in three distinct parts: the electricity generation market, the wholesale market and the retail market. The generation market started in 2012, and the wholesale market is expected to open next year. The final stage will be the development of the retail market.
New requirements on the use of cloud computing services in banking sector Baker McKenzie Client Alert 24th Oct 2018
The State Bank of Vietnam (SBV) recently issued Circular No. 18/2018/TTNHHH providing for assurance of information systems safety and security in banking operations ("Circular No. 18").
Mobile providers to join e-payment services Viet Nam News 22nd Oct 2018
Prime Minister Nguyễn Xuân Phúc has asked Viettel and VNPT to complete applications for submission to the State Bank of Việt Nam (SBV) to participate in e-payment mechanisms in Việt Nam. Earlier, the Ministry of Information and Communications and the two biggest telecom providers in Việt Nam – Viettel and VNPT – proposed that the PM instruct the central bank to allow them to offer financial switching services and electronic clearing services.
500 enterprises in HCM City trained to use 24/7 e-tax payment scheme Viet Nam News 22nd Oct 2018
Food & Agriculture
About 500 enterprises in HCM City have been trained to use a 24/7 e-tax payment system by the city’s Customs Department. The project will help taxpayers pay tax directly through the e-payment gateway at any time (including holidays) and anywhere with internet access. Customs will clear goods after receiving confirmation for successful tax payment from the banks.
FLC plans to pour $1.5 billion in agribusiness Vietnam Net Bridge 1st Nov 2018
Property developer FLC Group said it will inject 1.5 billion USD into agricultural development across 15,000 hectares of lands in Vietnam during 2018 – 2019.
Food companies spend big money on food hygiene, branding Vietnam Net Bridge 28th Oct 2018
Food is one of the most attractive business sectors as it not only has a 93 million customer domestic market, but also a vast world market with average annual export turnover of tens of billions of dollars.
$50 billion surplus: Vietnamese agriculture reaps hi-tech dividends VnExpress International 27th Oct 2018
Vietnam's agriculture sector has been reaping significant hi-tech returns of late, Minister Nguyen Xuan Cuong has informed the parliament.
VN needs nat’l framework for safe pork Vietnam Net Bridge 25th Oct 2018
Health & Life Sciences
Vietnam is advised to compile a national framework for a supply chain to provide safe pork to serve the domestic market.
Registration hotlines reduce waiting time at hospitals Vietnam Net Bridge 31st Oct 2018
Viet Duc is one of the hundreds of hospitals nationwide that have applied health examination registration via hotlines or websites to reduce waiting time for patients.
Health ministry sets ambitious target for drugs sector Vietnam Net Bridge 31st Oct 2018
Minister of Health Nguyen Thi Kim Tien, at a question-and-answer session before the National Assembly on October 30, said locally made pharmaceutical products met half the local demand last year. The rate is expected to surge to 80% by 2020, which is considered a tough and ambitious target.
Grassroots healthcare system is the ground for healthcare sector Vietnam Net Bridge 31st Oct 2018
Vice chairman of the National Assembly’s Social Affairs Committee Bui Sy Loi talks to Đại biểu nhân dân (People’s Representative) newspaper about how grassroots healthcare system must be the foundation for improving the sector.
Double burden of malnutrition in Vietnam Vietnam Net Bridge 29th Oct 2018
Vietnam faces the double burden of malnutrition, namely the coexistence of under-nutrition along with overweight and obesity. Expert say without efforts to raise awareness about the role of nutrition, the height of Vietnamese people will not improve.
Vietnam successfully tests homemade stents in heart surgeries VnExpress International 29th Oct 2018
Made-in-Vietnam stents successfully tested in HCMC’s Cho Ray Hospital can help reduce angioplasty costs significantly, medial experts say.
Vĩnh Long Province gets hi-tech hospital Vietnam News 22nd Oct 2018
Xuyên Á General Hospital on Saturday opened a branch in the Mekong Delta province of Vĩnh Long that provides affordable high-tech healthcare services to residents.
Việt Nam faces double health burden: malnutrition and obesity Vietnam Net 19th Oct 2018
Việt Nam is facing a dual burden of malnutrition and obesity, as its rapid development over the past two decades has resulted in the emergence of developed-world health issues without completely eradicating hunger.
First automated insurance application in Vietnam debuts Vietnam Net Bridge 1st Nov 2018
An automatic insurance application utilizing Artificial Intelligence and Blockchain technologies made its debut for the first time in Vietnam at a press conference in HCM City on October 30.
Vietnam sets up facility to monitor all social network messages: minister VnExpress International 1st Nov 2018
The government is stepping up efforts to combat fake news on social networks, information minister Nguyen Manh Hung has told the National Assembly.
VN must focus on intellectual property Vietnam News 1st Nov 2018
Lack of attention to registering brand names and geographical indications is causing difficulties to Vietnamese agricultural products, which are sometimes shut out of other markets after their names are usurped by others, a seminar heard in HCM City on Wednesday.
Vietnam cyber law will guard against fake news, terrorism - security ministry The Star Online 31st Oct 2018
A Vietnamese cybersecurity law that global technology companies and rights groups have warned could undermine development and stifle innovation, will protect the country from increasing cyber threats, the security ministry has said. Legislators approved the law in June, overriding strong objections from companies like Facebook and Alphabet Inc's Google, rights groups and Western governments including the United States.
Vietnam businesses using AI Vietnam Net Bridge 29th Oct 2018
Artificial intelligence (AI) has been used in Vietnam in the fields of healthcare, finance & banking, transport and education.
Ministry of Information and Communications moves closer to establishing ICT Industry Department Vietnam Net Bridge 29th Oct 2018
The Prime Minister recently gave approval in principle for the Ministry of Information and Communications (MIC) to set up an ICT Industry Department to promote the production of made-in-Viet Nam terminal equipment and boost the electronics industry.
VN completes modernisation of banking sector Vietnam Net Bridge 29th Oct 2018
The State Bank of Viet Nam (SBV) on Thursday held a conference to close the Financial Sector Modernisation and Information Management System Project (FSMIMS).
IT application makes easier for tax payers Vietnam Net Bridge 29th Oct 2018
The processing time for tax credit claims has now been cut down by 75 percent compared to the procedures in 2015. This has been a result of the shift to information technology application, making it easier for tax payers to complete the paperwork.
Firms urged to embrace mobile marketing Vietnam Net Bridge 29th Oct 2018
More than 400 executives representing local and foreign businesses, brands, agencies, publishers, and technology companies took part in the 2018 Mobile Marketing Association Forum held in HCM City on Friday to discuss the opportunities and challenges for enterprises from the explosive growth of mobile marketing.
Automobiles set to become smart: seminar Vietnam News 27th Oct 2018
HCM CITY – Automobile industry will be connected, autonomous and electric, a conference heard in HCM City on Thursday.
Administrative services in Vietnam gradually digitized Vietnam Net Bridge 27th Oct 2018
Pursuing the policy to reduce unnecessary administrative procedures and optimize services in order to better serve citizens, for many years, state offices have progressively digitized their jobs to become more transparent and save overhead cost as well as human resources.
Biotechnology to be made a focus in science and technology development scheme: conference Vietnam News 27th Oct 2018
Biotechnology will be promoted in the science and technology development scheme of Việt Nam, contributing to socio-economic development, said Dr. Phan Ngọc Minh, Vice President of the Việt Nam Academy of Science and Technology (VAST), at the nationwide biotechnology conference held on Friday in Hà Nội.
Paperless meetings – a move towards building e-government Vietnam Net Bridge 24th Oct 2018
Paperless meetings are one of the steps towards building an e-government, with the move towards electronic documents becoming an obvious trend amidst the Fourth Industrial Revolution, said Minister-Chairman of the Government Office Mai Tien Dung.
Technology continues to attract investment Viet Nam News 23rd Oct 2018
A Việt Nam Report survey on the 500 most profitable companies in the country said most business insiders expect technology to remain the leader in attracting investment. The survey announced the Profit500 Ranking for Việt Nam in Hà Nội on Monday. Technology was the most common answer among enterprises (51.4 per cent of respondents), construction and real estate (40 per cent) and retail (34.3 per cent).
Ha Noi focuses on e-commerce Viet Nam News 23rd Oct 2018
Hà Nội has implemented solutions to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently, though problems persist in the quality of goods traded online. According to a survey of 1,000 enterprises in Hà Nội conducted by the Việt Nam E-commerce Association, 61 per cent have conducted business activities on social networks because it is an easy and effective business trend, while it also has low operation costs and offers quick feedback from customers.
Vietnam develops own earth observation satellite Telecompaper 22nd Oct 2018
Vietnam is developing its own earth observation satellite to manage natural resources and mitigate the impacts of climate change and natural disasters. The country was estimated to lose 1.5 percent of its GDP due to climate change. The project using earth observation satellites for climate change and natural calamities prevention and control will be jointly implemented by the Japanese government and Vietnam. The project is worth about VND 7 trillion (approximately USD 301 million).
Solution near for tech giant tax limbo VietNamNet 22nd Oct 2018
Data released by the Ministry of Information and Communications showed that in 2015 Facebook led the online advertising market in Vietnam with the annual revenue of $235 million, followed by Google with $97.4 million. However, in the 2016-2017 period, Vietnamese authorities only managed to collect VND120 billion ($5.3 million) in the total corporate income tax from the local partners of the two giants, while according to Article 13 of the Law on Corporate Income Tax, Facebook and Google may be classified as high-tech companies and may therefore be eligible for a preferential tax rate of 10 per cent for the first 15 years.
Ministry considers removing mobile phone promotion cap Việt Nam News 20th Oct 2018
The Ministry of Information and Communications is considering a proposal from telecom providers to remove the ceiling promotion rate of 20 per cent for pre-paid subscribers. The ministry’s Department of Telecommunications said they were working with the Finance Ministry to consider the proposal of adjusting the rate from the current 20 per cent to 50 per cent.
Data center competition heats up in Southeast Asia Nikkei Asian Review 19th Oct 2018
Indonesia is challenging Singapore's dominance in data center investment by attracting industry giants Google, Alibaba and Amazon, with the latter proposing to pour nearly $1 billion into the country. The U.S. internet giant Google said this month that Indonesia would become its newest Asian hub for cloud services. The plan, which means setting up a data center in the world's fourth most populous nation, will be taking form soon, said Google Asia Pacific Managing Director Rick Harshman, at a recent Google Cloud Summit in Jakarta. The company is making "long-term investments in the infrastructure," he added, without specifying the amount.
Phú Mỹ Hưng unveils new project Viet Nam News 25th Oct 2018
Property developer Phú Mỹ Hưng Development Corporation launched a new housing project called The Peak in HCM City last week. The Peak will be the last project in the Phú Mỹ Hưng Midtown complex first launched nearly two years ago. Like other projects in Phú Mỹ Hưng Midtown including The Grande, The Symphony and The Signature, The Peak has attracted thousands of customers to its launch and showroom introduction events.
Vietnam Airlines to use new-generation regional jet aircraft Viet Nam News 24th Oct 2018
National carrier Vietnam Airlines plans to replace its fleet of ATR aircraft with new-generation regional jet aircraft containing about 100 seats in order to improve the efficiency of operation and service quality on short routes.
Investment in infrastructure, socio-economy pays dividends for Cần Thơ Viet Nam News 24th Oct 2018
Gross capital formation in the last three years in the Mekong Delta city of Cần Thơ was VNĐ157 trillion (US$6.82 billion). By the end of this year the city’s economy is expected to be 1.4 times the size it was in 2015, with a per capita income of VNĐ80.5 million ($3,500). The poverty rate has dropped from 5.12 per cent in 2015 to 1.55 per cent now.All this has been possible due to proper investment in education, healthcare, culture, tourism, and environment. Official development assistance funds were mainly used for developing key infrastructure and protecting the environment.
Ceiling rates for airfares unchanged Viet Nam News 23rd Oct 2018
The Ministry of Transport will keep the ceiling rates for airfares unchanged despite proposals from airlines to increase the rate. The ministry on Monday asked relevant agencies to contribute their opinions on the draft circular on price of air transportation service on domestic flights. Accordingly, the ceiling rates for airfares for domestic routes would be maintained as regulated since August 2015.
Vietnamese ride-hailing app FastGo launched in Đồng Nai and Bình Dương Viet Nam News 23rd Oct 2018
Ride-hailing app FastGo on Monday officially launched its services in the southern provinces of Đồng Nai and Bình Dương, continuing its expansion plan.
Ninh Thuận to wind up four new wind power plants Viet Nam News 22nd Oct 2018
Four wind power projects were scheduled to be completed in the south central province of Ninh Thuận by the end of 2018, according to the provincial People’s Committee.
Japan Airlines, Vietjet to commence codeshare flights Viet Nam News 19th Oct 2018
Vietjet and Japan Airlines (JAL) announced on Friday that the two airlines will begin a codeshare agreement starting from October 23. These codeshare flights follow a Memorandum of Understanding (MoU) on commercial co-operation inked between the two airlines in 2017. Under the MoU, they will offer codeshare flights on domestic destinations in Việt Nam and on international flights between Việt Nam and Japan operated by Vietjet.
MoIT wants to cut tax for locally produced auto parts Vietnam News 25th Oct 2018
The Ministry of Industry and Trade (MoIT) wants to take advantage of market and policy opportunities to promote automobile manufacturing projects of domestic automakers including Trường Hải Auto Corporation (Thaco), Thành Công Group and VinFast.
VCCI proposes eliminating 22 conditional business sectors Vietnam News 24th Oct 2018
The Việt Nam Chamber of Commerce and Industry (VCCI) has proposed removing conditions for 22 business sectors including rice export, trade arbitration, accounting services, debt purchasing, customs procedures and logistics services.
Environmental protection tax on many commodities next year Vietnam News 23rd Oct 2018
Lawmakers have decided to raise the environmental tax on a number of commodities from January 1, 2019.
MoIT continues to cut hundred of conditions Vietnam Net Bridge 19th Oct 2018
Travel & Tourism
The Ministry of Industry and Trade plans to remove and simplify 202 business conditions under its management, accounting for 36.1 per cent of the total, said Nguyen Anh Son, director of the ministry’s Legal Department at a press meeting held in Ha Noi on Wednesday.
Hanoi readies for meeting of Council for Promoting Tourism in Asia Hanoi Times 20th Oct 2018
Hanoi has completed the preparation for the 16th annual meeting of the Council for Promoting Tourism in Asia, from September 5 to 10, according to the Hanoi Department of Tourism. According to leaders of the Hanoi Department of Tourism, the 16th annual meeting of CPTA will have many kinds of events including a welcome party for delegates on September 5, the opening ceremony on September 6, the workshop of CPTA member cities on September 7, CPTA exhibition from September 8 to 9, etc.