Ho Chi Minh City police officers have arrested two local people who were accused of colluding with their foreign accomplices to create a false email address through which they asked a U.S. company to transfer money to their designated bank account. The municipal police on Saturday said that they had detained Nguyen Khac Chuong, 43, and Nguyen Thi Lan Anh, 48, for appropriating US$94,000 from an American firm who has business relations with a Vietnamese company. The two are facing charges of “appropriation of property by using a computer network, telecommunications network, or electronic device,” as prescribed in Vietnam’s Penal Code. Anh had colluded with some foreigners to hack email accounts of Vietnamese enterprises to search for emails relating to payment with their foreign partners to make swindling schemes, police said. When they illegally accessed the email account of an enterprise based in southern Ba Ria - Vung Tau Province, they discovered this business was going to … [Read more...] about Two Vietnamese held for appropriating $94,000 from US firm via fake email
To mitigate negative impacts from the epidemic, the local tax authority said it would continue to reform administrative procedures and adopt e-tax payment scheme. Amid growing uncertainties from the Covid-19 epidemic, Hanoi's Taxation Department has set up four scenarios for its state budget revenue in 2020, which could see the city lose up to VNDV16.6 trillion (US$712.14 million), Vietnam News Agency reported. Illustrative photo. In the first scenario when the epidemic is contained in the first quarter, domestic revenue could suffer a decline of 1.82 – 2.33% or VND4.2 – 5.4 trillion (US$180 – 231 million), excluding land-related revenue. If the epidemic persists until the second quarter, the decline could be around 2.85 – 4.06%, or VND6.6 – 9.4 trillion (US$283.19 – 403.33 million). For the case in which the epidemic ends in the third quarter, Hanoi’s state budget revenue could face a loss of VND10.8 – 12.7 trillion (US$463.5 – 545.04 million), or a … [Read more...] about Hanoi may lose up to US$700 million in state budget revenue on Covid-19
The imposition of the floor price is aimed at balancing the interests of local consumers, airlines, and the State. As August’s proposal to apply minimum fares for air tickets under the draft circular on pricing scheme aroused controversy, the Civil Aviation Administration of Vietnam (CAAV) has submitted a report explaining the imposition of floor prices to the Ministry of Transport. The imposition of the floor price may exert negative impacts on some airlines’ operations. Photo: Vietjet Air The CAAV’s Director Dinh Viet Thang affirmed that the calculation of the floor price is complicated as costs and services of local airlines are not on the same level, making it difficult to determine the minimum price applicable to all airlines. Therefore, the minimum price is defined by comparing with that of other countries, Thang said. The proposed floor price is equivalent to 20% of the regulated ceiling price on domestic routes. The rate of Indonesia, India, and … [Read more...] about How will Vietnam apply domestic airfare floor price?
Dong Thap is one of the localities that has suffered devastating impacts from the COVID-19 pandemic. What were the consequences of the outbreak? Chairman of Dong Thap People’s Committee Pham Thien Nghia The resurgence of the pandemic and its swift spread across the province and local industrial zones (IZs) and clusters (ICs) disrupted production and business heavily. Scores of businesses had to either suspend production or curtail production scale while others had to suspend operations or even go bust. In the first eight months of 2021, total industrial production value in Dong Thap dropped 9 per cent on-year to VND43.5 trillion ($1.89 billion) and the industrial production index shed 10.9 per cent on-year. Nearly 140 businesses have been dissolved, 30 per cent less than a year ago, while 184 suspended operations, which is 20 per cent more. Around 112 companies resumed operations, 77 per cent more than last year, pushing up the number of operating businesses in the … [Read more...] about Dong Thap swiftly gears up for economic rebound
HCM City to receive 56,555 tonnes of rice from national reserve The General Department of State Reserves under the Ministry of Finance has issued a document on the provision of over 56,555 tonnes of rice from national reserve to Ho Chi Minh City to support pandemic-hit residents. The department has signed contracts with the Phat Tai Company Limited in Dong Thap province, Thuan Minh Import-Export JSC in HCM City and Trung An High-Tech Agriculture JSC in Can Tho city to buy enough rice to supply to HCM City. The HCM City State Reserve Department is tasked to work with local authorities to distribute fee rice to people in need. Earlier, the General Department has given 14,500 tonnes of rice to the city. The distribution was completed on September 9./. Local students win ASEAN Youth Social Journalism Contest 2021 Vietnamese students Nguyen Nhat Vi and Pham Quang Vinh, both of whom are studying at RMIT University, have won third prize at the ASEAN Youth Social … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 25
A hi-tech shrimp farm in Trần Đề District, the Mekong Delta Province of Sóc Trăng. — VNA/VNS Photo Trung Hiếu Director General of the Directorate of Fisheries Trần Đình Luân told Quân đội Nhân dân (Army’s People) newspaper about the difficulties in granting a production unit code for shrimp-farming areas Why is it necessary for aquaculture production areas to have the production code? The code has been granted to tra fish growing areas in Việt Nam. The code not only helps meet tra fish importers’ requirements in origin traceability but also helps State agencies better manage and direct production thanks to further sufficient data. Thanks to the data, the agencies can learn exactly about production areas, estimated yearly outputs and then take proper action to manage production and consumption. The code also provides information about the origin of aquacultural products and then detects problems in specific sections – production, transportation or processing. … [Read more...] about Production code paves the way for shrimp exports: Official