News

Trade-friendly Vietnam now offers far more than just low-cost labor

Vietnam is seen by many foreign businesses as being a very attractive place to invest in and do business for many reasons, Francois Guibert, Chairman of the EU-ASEAN Business Council says.   “Vietnam has a lot more to offer investors than just low-cost labor,” Guibert told Thanh Nien ...

Community sues border police over loggers

A group of villagers in Mondolkiri province filed a lawsuit this week against three local border police officers and a forestry official accusing them of allowing Vietnamese loggers to sneak across the nearby border and illegally log the forests they depend on for a living. Khut ...

Vietnam bans leasing land inside Cambodia

Vietnam has agreed to ban its citizens from leasing land in Cambodia to avoid increasing tensions along the border following a request from Prime Minister Hun Sen, according to Interior Minister Sar Kheng. Kheng on 6 January said that Vietnamese Prime Minister Nguyen Tan Dung had agreed ...

Vietnam airlines refuse to cut fares despite cheaper fuel, bigger revenue

Vietnam’s transport minister has called for lower airfares to match a sharp decline in fuel costs, but carriers say their tickets are already affordable.    At a meeting on 4 January, Minister Dinh La Thang asked that Vietnam Airlines make its tickets cheaper after the national carrier reported ...

Finance ministry weighs in on controversial dairy back taxes of $30 million

Eight dairy importers and producers in Vietnam may be able to escape back taxesof VND700 billion (US$30.69 million) in a controversial case of import tariff calculations that even officials cannot see eye to eye on.   The businesses, including Vinamilk and Dutch-owned FrieslandCampina, said they have imported an ...

Vietnam beer sales up 10 pct amid rising competition

Vietnam’s beer production grew 10 percent in 2015 to 3.4 billion liters, with a new report saying the pace has slowed down from a decade ago due to competition with foreign brands.   Saigon Beer, Alcohol and Beverage Company (Sabeco), the biggest player in the market, produced ...

Ho Chi Minh City now has 7.4 million motorbikes, and counting

Ho Chi Minh City now has 7.43 million motorbikes, putting serious pressure on its transport infrastructure, local media reported, citing the Department of Transport.    Compared to 2011, the number of new bikes registered in the city has increased by around 2 million, according to a Tuoi Tre ...

Five foreign members of drug ring arrested on Vietnam-Laos border

Vietnamese border guards have worked with Lao police to swoop on a major transnational drug ring, capturing five foreigners in the border area between the two nations. Ha Tinh border guards, in coordination with Lao police officers, have arrested five members of the drug ring, who ...

Devastated farmers blame polluting factories for tons of dead fish on southern river

Officials are still awaiting test results but fish farmers believe that untreated waste discharged by factories along the Dong Nai River had killed a large number of fish in just one night.   A total of 241 families in Dong Nai Province said they woke up on ...

Facing budget hurdle, Vietnam turns to private investors for transport projects

Vietnamese Prime Minister Nguyen Tan Dung has ordered the transport ministry to create more favorable policies to attract private investment into public infrastructure projects, saying the government’s financial resources are limited.   The state budget cannot be spent extravagantly, and sovereign bonds cannot be issued excessively or ...

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