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Ministry feels headache at budget revenue shortfall

VietNamNet Bridge – The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax.       Speaking at the press conference on Wednesday, the ministry announced the State budget collection was nearly VND168 trillion in the ... Read More »

Ministry feels headache at budget revenue shortfall

VietNamNet Bridge – The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax.       Speaking at the press conference on Wednesday, the ministry announced the State budget collection was nearly VND168 trillion in the ... Read More »

Vietnamese group builds starred hotel in Laos

Vietnam’s Hoang Anh Gia Lai (HAGL) Group started the construction of a four-star hotel in Vientiane, Laos on April 19. The hotel includes 169 first class, 14 VIP and 2 VIP Deluxe rooms, as well as a conference centre, meeting hall, restaurant, and recreation and sports area. The 16.5-million USD hotel will be finished in 15 months. It is expected ... Read More »

Vietnamese group builds starred hotel in Laos

Vietnam’s Hoang Anh Gia Lai (HAGL) Group started the construction of a four-star hotel in Vientiane, Laos on April 19. The hotel includes 169 first class, 14 VIP and 2 VIP Deluxe rooms, as well as a conference centre, meeting hall, restaurant, and recreation and sports area. The 16.5-million USD hotel will be finished in 15 months. It is expected ... Read More »

Cement manufacturers want to sell themselves to foreigners

VietNamNet Bridge – About 20 percent of Vietnamese cement enterprises have been put on the brink of bankruptcy. The solution they most think of now is to sell themselves to foreign investors who would pump money to clear debts and restructure enterprises.   Do Duc Oanh, Secretary General of the Vietnam Cement Association, said only 50 percent of cement manufacturers ... Read More »

Bulk carrier handed over to Italy

The Pha Rung Shipbuilding Industry Corporation handed over a 34,000 DWT bulk carrier to Italian Premuda Group at a ceremony in the northern port city of Hai Phong on April 19. The Four Emerald vessel, which is 180m in length and 30m in breadth, has a cargo capacity of 45,500 cubic metres and a maximum speed of 14 nautical miles ... Read More »

BUSINESS IN BRIEF 20/4

HCM City aims high for river tourism development HCMC will pour more investments into river tourism in the coming time with specific programs and plans initiated in a draft strategy on river tourism development being put forth for comments. Nguyen The Ky, deputy director of the HCMC Department of Transport, said that the department was working with relevant agencies on ... Read More »

The original market, where 3 currencies are used for payment at the same time

VietNamNet Bridge – At the Na Meo Market in Na Meo commune of Quan Son district in Thanh Hoa province, buyers and sellers can use three currencies, including Vietnam dong, Lao kip and US dollar, in making payment.         The Na Meo Market gathers only once a week, on the morning of Saturday. It is the place ... Read More »

RoK – Vietnam business forum opens

A Republic of Korea-Vietnam business forum was held in Seoul on April 19 to provide information on Vietnam’s orientations and development demands to RoK businesses. Addressing the event, Deputy Chairman of the Korea Chamber of Commerce and Industry (KCCI) Lee Dong-geun expressed his hope that the forum will create a chance for businesses to meet and seek partners and enhance ... Read More »

Conference discusses measures to attract FDI

Measures to further attract foreign direct investment (FDI) into southern provinces are the focus of a conference that took place in the central province of Binh Dinh on April 18. At the event, representatives from economic, industrial and processing zones of 32 central and southern localities proposed solutions to improve investment environment so as to draw more FDI into the ... Read More »