Mekong Delta, HCMC warned of tidal flooding in lowland, riverside areas The Southern Regional Hydrometeorological Center has warned the Mekong Delta and Ho Chi Minh City of flooding in lowland and riverside areas as a high tide is forecast to occur and reach its peak in the next couple of days. According to the center, water level in the Saigon and Dong Nai rivers on October 12 highly increased. It is predicted to continue surging in the next few days. The peak of the high tide might occur on October 15-16, the 17th and 18th day of the ninth lunar month. The National Hydro Meteorological Forecasting Center also issued the same warning, saying that the water level in the Mekong and Saigon Rivers will reach alarming levels 2-3 under influence of the high tide. Low lying and riverside areas in HCMC and the Mekong Delta might be flooded. In the meantime, the meteorological station in Can Tho city said that tide level in canals in the city will continue moving up to reach 1.95-2 meters and … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 15
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Customers buy goods at a household grocery store in Ha Noi. The amendments to enterprise and investment laws should include measures to boost the development of household businesses. - VNS Photo Doan Tung Organised by the Vietnam Chamber of Commerce and Industry (VCCI), the conference aimed to collect opinions about plans to amend the Law on Investment and the Law on Enterprise being compiled by the Ministry of Planning and Investment. VCCI’s Chairman Vu Tien Loc said it was critical to create the legal framework for business households to promote their development. Loc cited statistics showing there were nearly five millions business households in Vietnam who contributed more than 30 per cent of the country’s gross domestic product (GDP). However, the existing policy framework for business households is inadequate and there was a lack of equalities between business households and official enterprises. Loc added that many existing policies made business households … [Read more...] about Regulations needed to support household businesses
Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy; Pham Trung Kien, Director General of Viettel Digital, Phung Anh Tuan, Vice President and General Secretary of the Viet Nam Association of Financial Investors According to the Central Institute for Economic Management, the use of cash for payments is a deep-rooted habit in Viet Nam with cash transactions accounting for 90%. Up to 99% of population use cash for payments of less than VND100,000 and nearly 85% use ATMs for cash withdrawal, reported the Institute. Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy. Photo: VGP Recent developments of non-cash payments Dang Hoang Hai: Data shows that there have been fast-changing trends, including non-cash payment in our society. Accroding to the State Bank of Viet Nam, non-cash transactions grew by 30% in terms value of non-cash payments increased by 18% in … [Read more...] about Should telecom accounts give strong boost to cashless payment development?
Cambodian Deputy Prime Minister’s activities in Vietnam Cambodian Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection Men Sam An (L) and Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong Cambodian Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection Men Sam An has visited the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) in Hanoi as part of her going visit to Vietnam from October 14 to 19. Chairman of BIDV's Board of Directors Phan Duc Tu said implementing the policy of the two countries’ governments on promoting investment, trade and tourism activities, the bank has set up commercial representative offices in the fields of finance, banking and insurance in Cambodia since 2009. BIDV is now the leading Vietnamese financial institution in direct investment activities and financial and credit cooperation in Cambodia, he added. After 10 years … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 18
Vietnamese honoured at ESCI Best Practices Awards Programme Deputy Minister of Public Security, Assoc. Prof. Nguyen Van Thanh at the award ceremony in Chile Deputy Minister of Public Security, Assoc. Prof. Nguyen Van Thanh has won the silver prize of Best Practices Awards Programme of the Energy Smart Communities Initiative (ESCI) under the Asia-Pacific Economic Cooperation (APEC) forum. With a project on turning Vietnam’s Hai Phong into a green port city, Thanh, who is former Secretary of the city’s Party Committee, brought home the silver prize in the category of Low Carbon Model Towns. Addressing the award ceremony in Chile’s Antofagasta on October 14, Thanh said his project aims to build Hai Phong as an ecosystem, with scientific applications in planning, management and development. Activities that target the reduction of greenhouse gas emissions, environmental protection and climate change adaptation will serve as a driving force for green growth and … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 18