The remittances come to Viet Nam mainly through four channels – banks, currently accounting for 72 per cent, economic organisations, customs agencies, and the postal system. — Photo vnexpress.net Overseas remittances to Viet Nam are expected to decline mainly due to global factors. Analysts said they include US President Donald Trump’s anti-immigrant policies, the US Federal Reserve’s policy of raising interest rates and the US-China trade war. Statistics from the United Nations Development Programme show that 60 per cent of the remittances to Viet Nam comes from the US while Europe accounts for around 20 per cent. Other major sources are China, South Korea and Japan. The remittances come to Viet Nam mainly through four channels – banks, currently accounting for 72 per cent, economic organisations, customs agencies, and the postal system. Overseas Vietnamese living in the US, Canada, Germany and France account for the most remittances. HCM City is … [Read more...] about Remittances to Viet Nam could fall due to US policies
Overseas postal service
Mitsubishi plans to make electric cars in Viet Nam Japan’s Mitsubishi Corporation plans to invest in an electric automobile manufacturing factory in Viet Nam, said Executive Vice President Hiroshi Sakuma during a meeting with Vietnamese Deputy Prime Minister Vuong Dinh Hue in Ha Noi on Wednesday. At the meeting, Sakuma said his firm was evaluating the feasibility of the project and look forward to new regulations on environmental protection taxes to promote investment in the country. Hue said Viet Nam’s National Assembly would soon discuss and pass the Law on Environmental Protection Tax. There would be incentives commensurate with environmentally friendly products. The Mitsubishi Corporation is currently investing in two BOT (Build-Operate-Transfer) projects in Viet Nam, namely the Vung Ang 2 Thermal Power Plant (1,200 MW) and Vinh Tan 3 (1,980 MW) Power Plant. The corporation and Viet Nam’s Ministry of Industry and Trade signed an investment … [Read more...] about BUSINESS NEWS IN BRIEF 31/8
E-commerce key for farm exportersVietnamese enterprises should take advantage of e-commerce development to boost exports of farm produce to China, experts said at a meeting on Sunday in HCM City.Wen Xi Chen, economic counselor at the Chinese Consulate General in the city, said Vietnamese enterprises should cooperate with well-known Chinese e-commerce enterprises to open online stores of high-quality farm produce for export to China.While e-commerce has narrowed the production and consumption gap, and extended consumer markets, traditional sale channels have not updated market information regularly, he said.To develop e-commerce for agricultural products, logistics service, traceability and human resources should ensure product quality, he added.Nguyen Hoang Anh, member of the Advisory Council for Reform, who is also vice president of the Digital Agriculture Association (DAA) Viet Nam, said China remained a major market for agricultural products exported from Viet Nam due to similarity … [Read more...] about BUSINESS NEWS IN BRIEF 30/8
(VOVworld) - Summer is coming around and it’s getting hotter in the northern part of Vietnam. The average temperature now ranges from 25 to 30DC. I enjoy this pleasant weather. B: Yes, we should enjoy this interval period between spring and summer. It’s neither too hot nor too cold. The summer sky is higher and brighter. This weather doesn’t last long. The temperature will rise to over 30 DC soon. From June to August, the highest temperature will be around 40DC. A: It’s excellent time for summer vacations on the beach or in deep forests. Now, let’s read letters from listeners from around the world. Richard Nowak of the US emailed us: “Happy Easter! I enjoyed tonight’s show on 7315khz listening with a Hallcrafters SX-100 hooked up to an indoor active loop. SINPO was all 5s. Perfect reception!” B: We are glad to know that the reception was perfect in your place Fort Pierce, Florida. After all studio production, our programs have reached … [Read more...] about Wednesday April 26, 2017
I knew instantly that I would never see it. Three months after Christmas, I was still waiting for a postcard sent by my mum. As my eldest brother noted over the phone, there was a little bit of Christmas cash tucked inside for me. I knew instantly that I would never see it. Three months after Christmas, I was still waiting for a postcard sent by my mum. As my eldest brother noted over the phone, there was a little bit of Christmas cash tucked inside for me. Considering that the Vietnamese postal system has always opened every single letter and parcel I've ever received, I knew the money would be taken. Although I hoped I'd at least receive the card, minus the cash, it never came. Among the banes of living in Vietnam, the postal service is a regular annoyance. Mind you, I was amazed seven years ago to get a parcel from my mum with all the great candy she sent still intact despite a horrid sticky-tape repair job on the box. Even my motorbike guy can plug a hole better than that. … [Read more...] about Written from Vietnam: It’s in the mail!