News

Mekong Delta summer-autumn rice output seen up 1.6 pct

The summer-autumn paddy rice output in the Mekong Delta, Vietnam’s food basket, is projected to rise 1.6 percent from last year to 9.07 million tonnes, the Vietnam Economic Times newspaper reported, citing data from the agriculture ministry. Keep reading ...

Life insurers break records in Vietnam - but from a very, very low base

Life insurance premiums in Vietnam are on track for yet another record year, but industry observers say the gains are coming from a very low base and that foreign insurers have yet to truly crack the market despite dominating the sector.   Premiums from life insurance plans ...

Vietnam tax authorities come under fire for naming, shaming defaulters

Tax offices in Hanoi and Ho Chi Minh City have released lists of hundreds of businesses with huge overdue taxes in an effort to shame them into paying the money. They also threatened to block bank accounts or invalidate invoices of businesses that fail to ...

Southeast Asia drought forces farmers to leave fields unplanted

A severe lack of rain and higher-than-normal temperatures in parts of Vietnam, Laos and Cambodia have caused some farmers to leave their fields and rice paddies unplanted, sources inside the developing Southeast Asian countries said. Farmers in Ha Tinh province in central Vietnam have been forced ...

Vietnam axes $200mln plant project as Taiwanese giant dawdles

Vietnamese authorities in the northern province of Vinh Phuc have recalled a license for a US$200-million factory invested by the world’s largest electronics manufacturer Foxconn.   The Taiwanese company, which has partnered with many giants including Apple and BlackBerry, had failed to kick-start the project licensed in ...

Transport system needs $50b over next five years

Viet Nam needs more than VND1,000 trillion (US$50 billion) to develop transport infrastructure by 2020, a conference held by the Ministry of Transport was told. The cost of improving the national road system would take 64.1 per cent of the total capital, railways 11.7 per cent ...

Cambodia, Vietnam meet over border concerns

Cambodian and Vietnamese officials are meeting in Phnom Penh over border issues, but on the second of three days, no final decisions were made. Officials are meeting at the Council of Ministers building in Phnom Penh, to discuss June’s violent clashes along the border, as well ...

Cambodia, Vietnam agree to complete border demarcation ‘very soon’

Cambodia and Vietnam on 9 July wrapped up a three-day meeting to discuss tensions over their disputed border, with the two sides agreeing to complete demarcation of territory “very soon,” but a Cambodian opposition lawmaker dismissed the agreement and accused his government of ceding land ...

Vietnamese PM welcomes Lao Vice President

Prime Minister Nguyen Tan Dung said the current visit by Lao Vice President Bounnhang Vorachith will give new momentum to the friendship and co-operation between the two nations. Receiving the Lao State official in Hanoi yesterday, Dung hailed comprehensive outcomes in many areas of bilateral co-operation, such as ...

Vietnam’s tourist industry marks 55th anniversary amid challenges

Vietnam is celebrating the 55th anniversary of its tourist industry amid a mountain of challenges, highlighted by falling international tourist numbers. Fifty-five years after the tourist industry was founded in 1960, the industry has obtained many achievements, but “new challenges and difficulties have also arisen,” Vietnam ...

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