News
Made in Vietnam: Should Samsung be treated as a local company?
On the sidelines of a conference at the end of July, Samsung Vietnam CEO Myoung-Sup Han told the press that his company hopes to be treated as a local business soon, instead of a foreign investor. He said every year Samsung makes huge contributions to Vietnam’s ...
Dengue patients overwhelm hospital for tropical diseases
The National Hospital for Tropical Diseases is struggling to cope with a flood of dengue fever patients who insist on getting treated there, instead of local hospitals and clinics. Dr Nguyen Trung Cap, head of the Ha Noi-based hospital’s emergency department, said since the monsoon began ...
Vietnam road fee suspended starting in 2016
The Government has agreed on suspending the collection of the controversial road maintenance fees from motorbike users starting in 2016 after public criticism said the fee was unfair. The decision was reached in a monthly regular cabinet meeting chaired by Prime Minister Nguyen Tan Dung that ...
Almost 2,000 deported from Cambodia so far this year: report
Nearly 2,000 people have been deported from Cambodia – the vast majority of them Vietnamese – in the first nine months of 2015, according to new government figures. From January through September, 1,919 people were expelled from the Kingdom, a report issued by the General Department ...
Garment, textile firms face tough, bigger rivals
Several Vietnamese garment and textile companies would face more challenges from large rivals following integration, said Tran Quang Nghi, chairman of the National Garment and Textile Group (Vinatex). Nghi, speaking at a conference entitled “Garment and Textile – Opportunities and Challenges”, focusing on integration and held ...
Vietnam a top investor in Cambodia
Vietnam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects. It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said. Keep reading ...
Vietnam moves closer to market economy
Vietnam was striving to perfect the market economy and committed to creating the most favourable conditions for foreign investors, Prime Minister Nguyen Tan Dung said at the Vietnam Global Investment Forum on 30 September. With improvements in the business climate, infrastructure and the financial markets, Vietnam ...
Vietnam's trade ministry now wants 150 percent tax on luxury cars
Only one month after the Ministry of Finance proposed increasing luxury taxes on cars with large engines to up to 75 percent, trade officials now say the maximum tax rate should be raised to 150 percent to restrict the use of expensive, fuel-hungry vehicles. Keep reading ...
Vietnam GDP grows 6.8% in 3Q
Vietnam’s economy grew 6.8% in the third quarter, up from 6.1% and 6.5% in the first and second quarters, respectively, the government said on 29 September. Keep reading ...
Vietnam PM urges Dong Nai to maintain high growth rate
Prime Minister Nguyen Tan Dung attended the opening ceremony of the southern Dong Nai province’s party congress on 29 September. The PM praised the province’s accomplishments over the last five years and urged Dong Nai to become a leading force in the country’s modernisation and socio-economic ...
