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In the list of 154 models subject to registration fee adjustment under Decision No.452/QD-BTC effective from April 3 on adjusting registration fees for automobiles and motorbikes, registration fees for passenger cars or cars with less than nine seats were 12 per cent in eight provinces and cities (Hanoi, Quang Ninh, Haiphong, Lao Cai, Cao Bang, Lang Son, Son La, and Can Tho), while it is 11 per cent in Ha Tinh and 10 per cent in Ho Chi Minh City, Danang, and other cities. The charge is now 7.2 per cent for a pickup truck in the first group of cities/provinces, 6.6 per cent in Ha Tinh, and 6 per cent in other cities. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Do Nhat Hoang, Director of the Ministry of Planning and Investment’s Foreign Investment Agency, said that a close watch was being kept on the transition of global production, which was opening opportunities for a number of countries, including Viet Nam. … [Read more...] about IZs development needs planning to attract FDI

Vietnam is expected to see a new foreign direct investment (FDI) wave as more foreign companies plan to move investment into the country. The US-China trade has triggered the trend of shifting production lines from China to Southeast Asia and other markets, including Vietnam which was seen as a promising destination. Meanwhile, many countries are fighting against the Covid-19 pandemic while Vietnam has basically controlled the disease, while maintaining its economic growth momentum. Pegatron, Amazon and Home Depot have started recruiting and seeking to open new supply chains with Vietnam being among potential markets.Other US giants like Google and Microsoft have announced their plans to relocate their production facilities of new phones, personal computers and some other devices from China to Southeast Asia with factories in Vietnam and Thailand expected to be the beneficiaries, the Nikkei Asian Review reported.Microsoft is scheduled to start producing its Surface line, including … [Read more...] about More giant foreign firms plan to shift investment into Vietnam

Hanoi (VNA) – The Government of Thailand is planning to lift all business and activity lockdowns on July 1 after making preparations for the reopening in June. Secretary-General of the National Security Council Gen. Somsak Rungsita said these include the removal of interprovincial travel restrictions as well as the end of emergency decree and curfew. When the executive decree on public administration in emergency situations, issued on March 26, ends in late June, the ban on international travel will also be lifted. The full reopening will come after the third phase of relaxation takes place in June. The Thai Government's Centre for COVID-19 Situation Administration on May 29 is set to finalise details on what businesses could resume and on what conditions under the third phase of relaxation in June. The COVID-19 situation in Thailand has improved recently. This country has had four days without any new cases this month, while the infections confirmed over the last few days … [Read more...] about Thailand, Philippines plan restriction easing, Myanmar extends preventive measures

The commission also noted that the Standing Board was irresponsible in its use and management of capital, assets, and investment, resulting in total investment losses of VND900 billion ($39.59 million), with VND800 billion ($35.19 million) lost in the OceanBank deal alone. … [Read more...] about Vietnam Party’s inspection commission urges disciplinary action against Dinh La Thang