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
PM asks experts to study new driving force for development
"We have basically prepared an important foundation for 2021 and the next five years in terms of production capacity and macro-economic system," he said, noting that given the complicated developments in the region and the world, Vietnam should accept changes in the new condition, including changes in habits and even legal institutions related to economic development. … [Read more...] about PM asks experts to study new driving force for development
Efficient EVFTA implementation contributes to economic recovery
According to the Ministry of Planning and Investment, the EVFTA will boost Vietnam’s export value to the EU about 20 percent in 2020, 42.7 percent in 2025 and 44.37 percent in 2030. Vietnamese businesses will enjoy certain incentives when importing high quality goods especially machinery, equipment and high technology from the EU at reasonable prices. The EVFTA is expected to increase Vietnam’s gross domestic product (GDP) by 2.18-3.25 percent in 2020-2023, 4.57-5.30 percent from 2024-2028, and 7.07-7.72 percent in 2029-2033. It is also expected to form a new Vietnam-EU value chain to attract more EU investment to Vietnam. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery