Vietnam bre

Update news Vietnam bre

Adoption of circular economy vital to solid waste settlement

Businesses which reuse materials are the lifeline of Vietnam’s environmental future, a workshop in Hanoi was told on Wednesday.

Hundreds of smuggled Red lory parrots found at Noi Bai Airport

More than 300 red lory parrots – an endangered bird found only in Indonesia – were suspected to have been imported to Viet Nam illegally earlier this week.

Two young men successfully start up with globalized customer support system

 Despite continuous failures from previous startups and on the edge of giving up, two alumni of Ho Chi Minh City University of Technology still strongly hold on to their passion.

VN statistics office partners with IMF to re-evaluate Vietnam’s economic scale

 The General Statistics Office (GSO) and the International Monetary Fund (IMF) are working together toreview the methods to evaluate the Gross Domestic Product (GDP) scale of Vietnam.

The year 2018 in review: rice exports see strong growth in volume and value

 Vietnam's rice export volume is likely to reach around 6.15 million tonnes and be worth over US$3.15 billion in 2018, up 5.7% in volume and 19.6% in value over the previous year.

South Korea’s SK Energy becomes Vietnam’s PV Oil second largest shareholder

 With the holding of 5.23% stake in PV Oil, SK Energy is second only to Vietnam National Oil and Gas Group (PetroVietnam) which is the state capital representative with 80% stake.

Firms still report difficulties in obtaining business licences: VCCI survey

 Forty two percent of surveyed companies reported that they countered difficulties in applying for business licences in Vietnam, said General Secretary of the VCCI Nguyen Quang Vinh.

Major loss-making foreign-invested firms to be inspected for tax compliance

 The foreign-invested enterprises which have been running large, prolonged losses and large related-party transactions, will be inspected for tax compliance.

Decree against transfer pricing of foreign multinationals hurts local firms

 Major Vietnamese corporations said that the regulation has discouraged them from investing.

International Rice Congress considers how to increase yields, food security

 Rice is a crop of global significance and a vehicle for economic prosperity and climate change adaptation and mitigation, delegates heard at the 2018 International Rice Congress, which opened in Singapore yesterday.

Policy leverage to direct FDI capital in Vietnam's transport infrastructure

 Effective regulations and incentives should be taken to lure FDI capital inflows into the country’s transport infrastructure as the sector is showing less attractive to foreign investors due to policy bottlenecks.

European companies more positive about the business environment in VN

 New data from the Business Climate Index (BCI) of the European Chamber of Commerce in Viet Nam (EuroCham) shows European companies are more optimistic about doing business in Viet Nam.

Foreign players in fierce competition to dominate Vietnam's online shopping

Vietnam`s retail e-commerce sale is expected to reach US$10 billion by 2020, which is considered a "promising land" for foreign investors, especially those from China, Zing reported.

Finance Ministry tables wide-scale proposal on gambling and casino business

 The Ministry of Finance’s proposal to cut a number of investment conditions on segments like casino, lottery, and betting, if approved, will stimulate investors implementing registered projects.

Cryptocurrency mining machine import needs tightened regulations: officials

 The Ministry of Industry and Trade (MoIT) has worked with the Ministries of Finance and Justice and the State Bank of Vietnam (SBV) to propose suspending imports of cryptocurrency mining machines, said a MoIT official.

Jardine Cycle & Carriage registers to acquire additional shares of Vinamilk

Jardine Cycle & Carriage Limited Group is expecting to spend around $105.7 million to become the largest shareholder of Vinamilk, while F&N Dairy Investments continues to register an additional ten million shares of Vinamilk.

PM willing to listen to advice on special administrative-economic unit bill

PM Nguyen Xuan Phuc affirmed his willingness to listen with high responsibility to opinions of NA deputies on the proposal of land lease of 99 years in the draft law on special administrative-economic units.

RoK’s indirect investment in Vietnam on the rise: State securities official

 The Republic of Korea (RoK) is currently the biggest foreign investor in Vietnam, and its increasing presence in Vietnam’s stock market is helping attract indirect Korean investment in the country.

Berjaya keeps investing into Vietlott despite ailing real estate operations

Despite its failed businesses in the Vietnamese real estate market, Malaysia-based Berjaya Group has committed to invest more in Vietlott to help the firm achieve an annual turnover of VND13 trillion ($572.6 million).

Prime Minister clarifies Government’s viewpoint on macro-economic stability

PM Nguyen Xuan Phuc highlighted keeping macro-economic stability, creating a favourable environment for production and business as the tasks of the Government to steer the national economy in the future in a recent article.