In the draft decree replacing Decree 101/2012 / ND-CP stipulating non-cash payment submitted to the Government in June 2020, the State Bank of Vietnam (SBV) is expected not to put the limit of 49% foreign ownership limit in payment intermediary businesses. The earlier...
Hanoi, the capital city of Vietnam, is planning to install 70 air monitoring stations by the end of this year, adding to the current 11 monitoring stations. The installation will be done by THT Development Co., Ltd, owned by South Korea’s DaeWoo E&C Vina company....
Construction has started in late January 2020 for the 221-hectare Yen Phong II-C Industrial Park in the northern province of Bac Ninh. The industrial park represents an investment of more than VND 2.23 trillion (USD 96.3 million) by state-owned Viglacera Corp....
The Ho Chi Minh City People’s Committee has announced that a central database will be created for the city’s health facilities by 2025, storing electronic Medical records of all city residents. The records will be compiled during the period from 2019 to 2025....
According to media reports, Vietnam’s Ministry of Industry and Trade (MOIT) has approved state-owned Vietnam Electricity (EVN)’s proposal to continue buying power from rooftop solar projects. In May 2019, EVN announced that it will purchase excess power generated...
The Ho Chi Minh City Department of Taxation plans to implement an integrated e-tax system from 10 February 10 to improve tax service quality for taxpayers making tax declarations and payments and receiving refunds by making the processes faster and more convenient....
Taiwanese electronics manufacturer Pegatron, which is a supplier for Apple and Samsung is reportedly planning to construct a Manufacturing facility in the north of Vietnam to make styluses for Samsung smartphones. In 2019, Pegatron announced the establishment of...
According to a report in VietnamPlus, Environment and Urban Company (URENCO) will implement a pilot project for plastic waste recycling in Danang through a partnership with EverGreen Labs. URENCO is a state-owned firm and one of the leading players in the waste...
Saigon Co.op opened three new Co.opmart supermarkets in An Giang, Ho Chi Minh City and Dak Lak in Vietnam, increasing its total number of stores to 126. Each of these stores sell more than 30,000 items, including foods, cosmetics, clothes and household goods, and...
Vietnam’s Prime Minister has approved the establishment of Danang Information Technology Park (DITP) as Danang’s second Centralized Information Technology (CIT) zone after Da Nang’s software park. DITP is being built on total land area of 341 hectares,...
Vietnam’s exports in 2019 rose 8.4% to USD 264.189 billion, while imports rose 6.8% to USD 253.071 billion. Vietnam recorded a trade surplus of USD 11.12 billion last year, widening from a surplus of USD 6.8 billion in 2018, with smartphones, garments and...
According to reports in the Russian media, Vietnam has signed a USD 350 million contract to buy at least 12 Yak-130 combat training aircraft from Russia. The Yak-130 which is intended for training pilots of advanced fighter aircraft, can also be equipped with...
