Local passenger bus owners recently complained about unfair competition from foreign buses with registration plates from Laos and Cambodia. During busy days, there were eight to ten foreign buses carrying tourists from HCM City to Lam Dong. According to the local bus owners, the fares are cheaper by half because the foreign buses do not have to pay taxes and fees while the local owners have to pay VND1.7m (USD73) to VND2.3m per month per vehicle in addition to the road maintenance fee and other charges. The traffic police said they had fined three buses from Laos and Cambodia VND4m (USD172) each and ordered them to leave Vietnam as they stay in Vietnam past the allowed time limit. Vehicles from Vietnam and Laos can stay in each other's territories for a maximum of 30 days according to Laos-Vietnam Cross-border Transport Permit. As of January 18, they have fined a total of six buses from Cambodia and Laos. Most of them stayed in Vietnam over the regulated time, failed to obey … [Read more...] about Foreign passenger buses fined for breaking rules
Queen elisabeth competition 2 euro wert
PM asks experts to study new driving force for development
Mentioning existing shortcomings, the Government leader called attention to lessons to prevent inflation and bad debts as well as mechanisms to turn science-technology and innovation into a driving force to improve labour productivity and competitiveness. Links between foreign-invested and domestic firms remain loose while the rate of domestically-made products in automobiles and electronics is still low. … [Read more...] about PM asks experts to study new driving force for development
Efficient EVFTA implementation contributes to economic recovery
Since the EVFTA took effect, more than 15,000 certificates of origin forms have been issued with a total turnover of US$700 million to 28 EU countries, according to the Ministry of Industry and Trade. The Ministry of Agriculture and Rural Development said that in August alone, Vietnam’s export value to the EU reached US$3.25 billion, up 4.65 percent against July and 4.2 percent against last year. The turnover in September also posted a 14.4 percent year-on-year surge. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery