Vietnam’s economic growth patterns questioned by experts

Last update 08:00 | 05/12/2017
VietNamNet Bridge – The unexpected jump in the GDP growth rate in the third quarter of the year remains controversial.


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Vietnam’s GDP growth rates

Head of the Vietnam Economics Institute Tran Dinh Thien, citing statistics about GDP growth rates in the last many years, said the ‘strange thing’ of Vietnam economy is ‘the growth rate is low in the first quarters, high in the last quarters, and the yearly plans are fulfilled’. Tiếp tục đọc “Vietnam’s economic growth patterns questioned by experts”

E-commerce: narrow door for Vietnamese businesses

Last update 12:00 | 05/12/2017
VietNamNet Bridge – Foreign retail e-commerce businesses operating under the marketplace mode are increasingly dominating Vietnamese businesses in the market.

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                       Vietnam’s e-commerce growth rate forecast to double by 2020

As in previous years, Lazada Vietnam was the first online shopping website to start the year-end shopping season. It offered sharp price discount rates for 15,000 products in a sale promotion campaign on November 9-11. All the orders with weight of less than 6 kilograms were delivered free of charge on those days. Tiếp tục đọc “E-commerce: narrow door for Vietnamese businesses”

Foreign giants spend billions to acquire Vietnam’s conglomerates

Last update 16:00 | 05/12/2017
VietNamNet Bridge – Large companies considered leaders in their fields are being sought after by buyers, mostly from Asia.


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Jardine Matheson Group, emerging player

Having been present in Vietnam for many years in real estate and restaurant chain projects, Jardine Matheson Group’s JC&C, one of its subsidiaries, spent $1.15 billion to acquire a 10 percent stake in Vinamilk. Tiếp tục đọc “Foreign giants spend billions to acquire Vietnam’s conglomerates”

Ministry of Planning & Investment proposes removing 21 conditional business sectors

Last update 17:27 | 05/12/2017

The Ministry of Planning and Investment has proposed to remove 21 conditional business sectors, including rice export, logistics and debt trading service.

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Logistics is currently listed in the conditional business sectors. — Photo enternews.vn

According to the ministry, the sectors should be removed from the list of conditional business lines as they do not meet the requirements of Clause 1, Article 7 of the Law on Investment, which means they do not affect national defence and security, social order, social morality and health of the community. Tiếp tục đọc “Ministry of Planning & Investment proposes removing 21 conditional business sectors”

Super satellite city planned in Hanoi

Last update 17:20 | 05/12/2017

Hanoi plans to construct a super satellite city by 2030, with a total area of over 17,270ha located in two districts of Thach That and Quoc Oai and Son Tay Town.

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The super satellite city on paper.— Photo tienphong.vn

The Hoa Lac super satellite city will be some 30km from Hanoi’s centre.

The plan is part of the master plan of Hoa Lac Urban Area, compiled by the municipal People’s Committee and recently submitted to the municipal People’s Council for approval. Tiếp tục đọc “Super satellite city planned in Hanoi”

HCM City faces population pressure

Last update 17:49 | 05/12/2017

Ho Chi Minh City is facing numerous difficulties as the population is rising sharply.

Congestion in HCM City

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The population has grown from three million after 1975 to 8.4 million. Another three million people from other provinces are studying and working in HCM City. As of now, the city has 7.6 million motorbikes, 700,000 cars and about one million other vehicles from other provinces. About 1,000 new motorbikes are registered each month. Tiếp tục đọc “HCM City faces population pressure”

Top 5 best youth destinations in 2017

Last update 14:31 | 05/12/2017

 Windmill cake shop in Da Lat and Nguyen Hue pedestrian street in HCM City, to name a few, are popular check-in places for young travellers in 2017.

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The walking street around Hanoi’s Hoan Kiem Lake opened for tourists in September 2016. This popular destination for Hanoians at weekend is busy with diverse activities like folk games, and street art and modern dance performances. Tiếp tục đọc “Top 5 best youth destinations in 2017”

Buckwheat flowers bloom in Ha Giang

Thực dưỡng: Kiều Mạch Buckwheat có gì hay? >>

Last update 11:34 | 05/12/2017

Tourists often flock to Ha Giang from October to December in order to see the fields of buckwheat flowers that has become the province’s signature. 

The locals plant the flowers everywhere, from the slopes of the mountains to the deep valley, under the winding mountain passes. Tiếp tục đọc “Buckwheat flowers bloom in Ha Giang”

Will a carbon tax be imposed on coal-fired thermal power plants?

Last update 07:30 | 04/12/2017
VietNamNet Bridge – Experts believe that if Vietnam imposes a carbon tax on coal-fired plants, ‘clean power’ will be able to compete with thermal power.

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There are 12 operating thermal power plants

Ngo Duc Lam, an energy expert from VSEA (Vietnam Sustainable Energy Alliance), has applauded the government’s resolution on developing the Mekong Delta in a sustainable way by restricting coal-fired thermal power.

No more coal-fired power plants will be designed for the Delta, except the 14 plants mentioned in the seventh plan on electricity generation development. Tiếp tục đọc “Will a carbon tax be imposed on coal-fired thermal power plants?”

Floating season at Thac Ba Lake

Last update 13:00 | 04/12/2017

Thac Ba Lake in the northern province of Yen Bai– one of Vietnam’s largest artificial lakes is attracting a lot of visitors during the floating season.

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Located in the northwestern region of Vietnam, Thac Ba Lake in Yen Bai province is considered a ‘Ha Long Bay in the mountains’ with more than 1,300 islands. Tiếp tục đọc “Floating season at Thac Ba Lake”

Quy Nhon named among top 10 winter sun destinations for 2018

Last update 15:59 | 04/12/2017

The central coastal city of Quy Nhon has been named among the top 10 winter sun destinations for 2018, according to the UK newspaper The Guardian.

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Quy Nhon offers a laidback atmosphere and the perfect place for a relaxed getaway

The quiet beach town offers a laidback atmosphere and the perfect place for a relaxed getaway. A warm, sunny day by the beach may sound like a totally absurd winter wish, but look no further than Vietnam, according to The Guardian. Tiếp tục đọc “Quy Nhon named among top 10 winter sun destinations for 2018”

Japanese firm gets nod to build US$2.58-billion thermal power plant

Japan’s Sumitomo Corporation has gained an investment certificate to develop Van Phong 1 thermal power project worth US$2.58 billion in the central coast province of Khanh Hoa.

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Minister of Industry and Trade Tran Tuan Anh (L) presents a letter approving Van Phong 1 thermal power project to Kuniharu Nakamura, chairman of Sumitomo Corporation, in this file photo dated May, 2017 

Before receiving the investment certificate, Sumitomo signed an investment agreement with the Ministry of Industry and Trade in May 2017. Work will start next year on the 1,320 MW station. Tiếp tục đọc “Japanese firm gets nod to build US$2.58-billion thermal power plant”

Investment incentives for FIEs: money goes to pockets of the rich

Last update 08:00 | 04/12/2017

VietNamNet Bridge – A total of VND35.3 trillion of corporate income tax has been exempted for foreign-invested enterprises (FIEs), according to the Ministry of Finance.

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Vietnam offers big investment incentives to foreign investors

The ministry said that by 2016, the total value of tax incentives and revenue from land use in all economic sectors had reached VND64.278 trillion, or nearly $3 billion.

This includes VND46.829 trillion worth of incentives in corporate income tax (CIT), VND394.9 billion in personal income tax, VND7.875 trillion in land and water surface leasing fees and VND3.802 trillion in land use fees. Tiếp tục đọc “Investment incentives for FIEs: money goes to pockets of the rich”

Studies: Casinos bring jobs, but also crime, bankruptcy, and even suicide

Download the Study here: The Economic Winners and Losers of Legalized gambling >>

Washington Post

October 30, 2012

(Katherine Frey – The Washington Post)

While the presidential race is taking up much of the oxygen this cycle, many states have important ballot initiatives on the ballot next Tuesday as well.

Maryland is considering a proposal that would allow table games at the state’s five casinos, as well as approve the creation of a sixth in Prince George’s County, near DC. The proposal is touted as a way to fund education — for which the funds it generates will be earmarked — and, ironically, the opposition to it is mainly funded by owners of rival casinos. But economic research concerning casinos suggest that members of communities with casinos should be wary. Tiếp tục đọc “Studies: Casinos bring jobs, but also crime, bankruptcy, and even suicide”