Corporate bond market

Smuggled cigarettes in Binh Phuoc province are destroyed (Photo: sggp.org.vn)   HCM City (VNS/VNA) - Prevention of smuggling of goods across the country’s borders is becoming more difficult as the New Year season approaches, according to border authorities. Three districts in Binh Phuoc province (Bu Gia Map, Bu Dop and Loc Ninh) which border Cambodia have seen an increase in smuggled goods. For the first nine months of the year, authorities detected 2,659 smuggling cases. Smuggled goods were mostly cigarettes, sugar and clothing. The amount of issued fines and back taxes totalled over 37 billion VND (1.6 million USD). The smuggling cases are usually carried out by small groups of individuals in a number of ways that have become more sophisticated. Many smugglers use shortcuts through the rocky terrain and rivers that help them elude capture by authorities. Smugglers travel to Cambodia to purchase goods, split up the goods in smaller portions, and then smuggle them into … [Read more...] about Smuggling up as New Year approaches

Volunteers join a campaign against the use of tobacco in central Da Nang city (Photo: VNA)   Hanoi (VNS/VNA) - The new cigarette tax rate of 5,000 VND (0.2 USD) per pack will help reduce the rate of tobacco consumption and increase the State budget, health experts have said. Speaking at the conference on tax incentives to prevent tobacco harm on September 25 morning, health experts said the application of the special consumption tax rate will reduce the tobacco use rate among men from 45.3 percent to 39 percent by 2020. Currently, Vietnam has the world’s ninth-highest number of smokers. On average, one in every two male adults is smoker. The prevalence of smoking among adolescents is 24.3 percent. The country has been suffering the burden of disease and financial loss caused by tobacco use. In 2015, Vietnamese people spent up to 31 trillion VND (1.3 billion USD) on cigarettes and more 24 trillion VND (1.03 billion USD) on treatment of tobacco-related diseases such as … [Read more...] about Increase on special consumption tax vital to reduce smoking

Visitors check information on products at the fair (Photo: VNA)   Hanoi (VNA) - As many as 76 specialties from the northern mountainous province of Lao Cai are being displayed at the Lao Cai agricultural and OCOP products exhibition which began on December 6 at the Big C Thang Long supermarket in Hanoi. The three-day event is part of efforts made by the province and Big C, Central Group Vietnam, to introduce safe and high-quality products from other regions to the capital city’s citizens, as well as helping promote “One Community One Product” (OCOP) programme and grow local businesses and farmers. On display are 45 OCOP products certified with three to five stars such as Seng Cu rice, Tham Duong glutinous rice, sausages, dried pork, smoked buffalo meat, cabbages, chayote, kohlrabi, mushrooms, Muong Khuong chili sauce, dried bamboo shoots, medicinal herbs, tea, wine, vermicelli and smoke salmon. According to Nguyen Xuan Nhan, Deputy Director of the … [Read more...] about Capital gets to taste Lao Cai province’s local specialties

Vietnam’s Ambassador to Cambodia Vu Quang Minh speaks at the event. Upon addressing the forum, Vietnam’s Ambassador to Cambodia Vu Quang Minh emphasised that businesses located throughout the Mekong Delta region have great potential for cooperation with Cambodian partners due to a favourable geographical location for trade exchange, in addition to supplements of economic sectors among firms and markets of both nations. This forum provided an opportunity for enterprises from both countries to boost connectivity with customers in the fields of investment and trade and fully tap into the potential and strengths of each respective nation. Nguyen Phuong Lam, VCCI Director of the Can Tho Branch, expressed his hope that the forum will herald in a new co-operation relationship between busineses from both Vietnam and Cambodia. He noted that domestic businesses consider Cambodia to be a close, important, reliable, and effective partner. Most notably, the Mekong Delta region … [Read more...] about Vietnam – Cambodia Business Cooperation Forum opens