How corruption affects economy

The Import-Export Department under the Ministry of Industry and Trade has recently held a meeting with the Vietnam Maritime Administration about the lack of empty containers and rising rental charges. At the meeting, many firms in the fisheries, plastic and timber sectors have raised concerns over the unprecedented consecutive price hikes in the past three months. According to the firms, the hike is unreasonable and shipping firms need to be more transparent and a more reasonable price hike rate. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 17

However, several members of the committee urged serious consideration of the proposed petrol tax hike, since CPI in the first six months of 2018 had increased by 3.29 per cent – already close to the NA’s ceiling target of 4 per cent for the whole year. … [Read more...] about NA Standing Committee delayed voting on environmental tax hike proposal

According to the government’s COVID-19 task force, the factory, which was used to manufacture canned foods under the Nautilus brand, is now a 600-patient bed quarantine facility. It is divided into three zones: a green zone is the reception area, a yellow zone is where medical professionals are stationed and where they will change their clothes, and a red zone will house infected persons. … [Read more...] about VIETNAM NEWS JANUARY 17

This year, URC Vietnam has received the Corporate Sustainability Index (CSI) award for the second consecutive year. What new initiatives and achievements in 2019-2020 allowed the company to maintain its position? Company CFO Alvin Geronimo URC Vietnam embarked on the sustainable development journey several years ago and this year has been particularly rewarding as we have achieved many significant milestones on our way to our sustainable development goals. Specifically, in 2019, URC Vietnam and 12 partners founded Packaging Recycling Organization Vietnam (PRO Vietnam) – an alliance for recycling packaging waste toward a circular economy model. … [Read more...] about URC Vietnam accelerates green turn

The Prime Minister cited data from international organizations such as: The Economist magazine in August 2020 ranked Vietnam in the top 16 most successful emerging economies in the world; according to the World Bank, with an average economic growth of 6.8% a year in the 2016-2019 period, Vietnam is in the top 10 of the highest growing countries. … [Read more...] about After 5 years, our country is really better, all people enjoy development results