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According to the providers, rental charges this year have dropped to VND500,000 (USD21.5) from VND2m a day while in previous years, the prices usually went up. They still have customers who have already booked for the 23rd to 30th lunar December but the number has dropped significantly. In previous years, customers had to book cars before the New Year. Pham Viet Manh, a provider in Bac Tu Liem District, said, "Families who want to return to their hometowns for Tet often rent cars. This year’s holiday is long so we offered seven to 10-day packages that cost VND12m (USD518) to VND22.5m. But there are only a few customers. I hope travelling will return to normal soon or else transportation businesses may go bankrupt." In addition, many companies have coaches to bring their employees to their hometowns. Additional passenger buses and trains were also added to meet demands so there are not many customers left. Overseas Vietnamese are also a part of their customer base and they … [Read more...] about Car rental services in Hanoi faces low demand

The value of the agriculture sector was around VND23.481 billion, surging by 2.07 percent compared to the same period in 2019. Of these, planting went up by 0.82 percent while the livestock and the fishery sector increased by 2.2 percent and 2.51 percent against the same period in 2019. … [Read more...] about HCMS’s ornamental fish export revenue surpasses US$17.26 million

The fruits are selected in orchards in Mai Son district. According to the exporter, the Kim Nhung Produce Trading Limited Company, mangoes grown at Mai Son are of high quality, boast a nice appearance, and are of a standard weight and size suitable for the US market. … [Read more...] about Son La ships 30 tons of fresh mangoes to US

Nguyen Duc Thuan, director of the Vietnam Environment Protection Fund under the Ministry of Natural Resources and Environment, shared his experience on loans disbursement and examination. “Before granting loans to any businesses, funds must ensure checking information from the Credit Information Centre, as well as double-check their financial capacity and debt payment ability. As a state-owned fund, the SMEDF should take a very cautious view on conducting evaluation and loan appraisals processes.” … [Read more...] about Caution urged for SME fund processes

Accordingly, the State Bank affirmed that it is illegal to use, save, or supply Bitcoin and other virtual currencies, and perpetrators will be fined up to VND200 million (about US$8,649). Similarly, causing financial damage to others by exploiting cryptocurrencies results in a fine of VND100-300 million (about US$4,326-12,979), or 6 months to 3 years in jail (Article 206 of the 2015 Penal Code, amended in 2017). … [Read more...] about Vietnam to consider legal framework for cryptocurrency