Vietnam’s logistics costs make up 20.8% of GDP
12/17/2017 3:53:34 PM (GMT+7)
 Vietnam’s logistics costs remain high, equivalent to over 20% of GDP while these costs account for between 9% and 14% of GDP in developed countries, according to the Vietnam Logistics Association.

Government progress in business environment improvement
12/17/2017 3:51:25 PM (GMT+7)
 2017 saw the government’s drastic engagement in removing obstacles faced by enterprises with the adoption of a series of incentive policies and the Prime Minister’s resolute commitments. 


 
Uber posed with $3.1 million in tax arrears
12/17/2017 3:30:12 PM (GMT+7)
 Uber currently owes nearly VND70 billion (USD3.1 million) to the state budget. If Uber fails to ensure the payment deadline, HCM City Department of Taxation has said it will consider further legal measures.

Danang calls for $68m investment into high-tech agriculture
12/17/2017 3:26:05 PM (GMT+7)
 The central city of Danang is calling for an investment of VND1.5 trillion (USD68 million) into the development of high-tech agriculture. 


 
More effort asked for stronger logistics industry
12/17/2017 3:02:09 PM (GMT+7)
 “It is necessary to make more effort and measures to improve competitiveness of Vietnamese logistics firms.”, said Minister of Industry and Trade Tran Tuan Anh at the Vietnam Logistics Forum 2017 in Hanoi on December 15.

Urgent measures taken to respond to EU’s warning on IUU fishing
12/17/2017 2:54:18 PM (GMT+7)
 The Directorate of Fisheries (DoF) held a national conference in the central coastal city of Da Nang on December 15 to push urgent measures to counter the European Commission (EC)’s “yellow card” on illegal, unreported and unregulated (IUU) fishing.


 
Vietnam to sell 900,000 tonnes of alumina to UAE
12/17/2017 2:43:38 PM (GMT+7)
 The Vietnam National Coal and Mineral Industries Corporation (Vinacomin) has signed a contract to supply alumina to Emirates Global Aluminum (EGA) from the United Arab Emirates (UAE) for three years from 2018-2020.

BUSINESS IN BRIEF 17/12
12/17/2017 8:30:00 AM (GMT+7)
 Customs signs agreement with banks for e-tax payment, VIETBUILD Home expo to showcase household stuff, WTO forum looks to promote dialogues between State and private firms


 
Productivity key to escaping mid-income trap
12/17/2017 6:00:00 AM (GMT+7)
 Viet Nam has to focus on increasing labour productivity and overall productivity growth to avoid the risk of being stuck in the middle income trap, experts said at the Vietnam Development Forum (VDF) 2017 on Wednesday.

Foreign investors keen to acquire stake at oil refinery
12/16/2017 4:00:00 PM (GMT+7)
The equitization of Binh Son Refining and Petrochemical Company has drawn strong attention of big foreign investors given the company’s strong financial readings and its market position.


 
Most workers in manufacturing in danger of being eliminated
12/17/2017 8:00:00 AM (GMT+7)
Seventy-four percent of workers in the manufacturing & processing industry in Vietnam are expected to lose their jobs because of the impact of the fourth industrial revolution, the highest level among ASEAN countries.

Digital banking grows to support new customers
12/16/2017 3:12:00 PM (GMT+7)
 Digitalisation in retail banking is becoming a vital trend for Vietnam’s banking sector, not only to meet bank customers’ – especially young customers’ – needs, but also to help the nation achieve its goal of creating a cashless economy. 


 

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