In the first four months this year, the total number of tourists visiting Da Nang reached approximately 1 million, down 58 per cent over the same period in 2019. Of the figure, international visitors were estimated at 575,000, down 50 per cent. Total tourism revenue in the first four months decreased by 51 per cent compared to the same period last year. … [Read more...] about Da Nang kickstarts economy after COVID-19 pandemic
Notification party leader quit
Vietnam suspends officials in Tenma’s bribery case
Phap Luat news website reported today that 11 tax and customs officials had been suspended, including Pham Duc Thuong, who assumed a senior position at the General Department of Taxation a month ago. Thuong was serving as deputy tax chief of Bac Ninh Province when he signed a decision launching a tax inspection of Tenma Vietnam in 2019. … [Read more...] about Vietnam suspends officials in Tenma’s bribery case
Trend Micro Research Finds Trust Lacking Within the Cybercriminal Underground
The report also reveals the changing market trends for cybercrime products and services since 2015. Commoditization has driven prices down for many items. For example, crypting services fell from US$1,000 to just $20 per month, while the price of generic botnets dropped from $200 to $5 per day. Pricing for other items, including ransomware, Remote Access Trojans (RATs), online account credentials and spam services, remained stable, which indicates continued demand. … [Read more...] about Trend Micro Research Finds Trust Lacking Within the Cybercriminal Underground
Nearly US$3 billion worth of loans to BOT projects likely to become bad debt
Of these, the two projects in Thai Nguyen – Bac Kan and Thai Binh had revenue equal to 13-15 percent of the expected figures, while three projects in Thanh Hoa, Thai Binh and the Cai Lay BOT fee collection station in Tien Giang province could not collect fees and were told to temporarily stop collection. … [Read more...] about Nearly US$3 billion worth of loans to BOT projects likely to become bad debt
Protecting investors at head of consumer finance concern
As consumer finance firms are unable to raise capital from individuals, their finance comes from diverse sources such as through bond issuances or foreign loans. This reliance contains latent risks to refinancing due to uncertainties of the financial system. This kind of risk, however, is insignificant in Vietnam as current ratio of consumer lending on the total outstanding balances is still low at about 12.3 per cent (in 2019) compared to that in other countries. … [Read more...] about Protecting investors at head of consumer finance concern
