Gov’t looks to cut special inspections red tape

Local enterprises have to spend around 28.6 million of working days equivalent to VNĐ14.3 trillion (US$636 million) a year to complete administrative procedures for special check-ups, said Mai Tiến Dũng, minister and chairman of the Government Office.

Gov’t urges mobilisation of idle gold

The Government Office last week sent a written document to the central bank governor, referring to the mobilisation of idle gold and foreign currency sources from the people.

VN Index down on the back of blue chips

Việt Nam’s benchmark VN Index remained fragile on Monday, losing its positive momentum as investors remained cautious over the current market downtrend.

PVN and SCG commit to speeding up LSP complex

Vietnam Oil and Gas Group (PVN) and Siam Cement Public Company Limited (SCG) signed a memorandum of understanding (MoU) on speeding up the process of the Long Sơn Petrochemicals (LSP) Complex in the southern province of Bà Rịa – Vũng Tàu.

Temporary duties on fertiliser may hurt farmers

The imposition of temporary safeguard duties on DAP and MAP fertiliser imports into Việt Nam, which came into effect on August 19, is an effort to help protect the domestic fertiliser industry but might push up production costs for farmers.

Deputy PM demands tax hike reviews, experts beg to differ

In a recently released conclusion to a meeting on tax law adjustments, Deputy Prime Minister Vương Đình Huệ asked that the Ministry of Finance’s (MoF) controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.

TTC signs sugar MOU

The TTC Group on August 18 signed a memorandum of understanding with two prestigious international organisations in the sugar industry, Mitr Phol Group (Thailand) and Vasantdada Sugar Institute (India).

Ex-Ocean Bank executives to be tried again this month

The first-instance hearing of Hà Văn Thắm, former chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank, Ocean Bank, and his accomplices will reopen on August 28, according to the Hà Nội People’s Court. 

APEC members call for new competition provisions in FTAs, EPAs

Amending provisions on competition policy in free trade agreements (FTAs) and economic partnership agreements (EPAs) should be a top priority, participants said at the first working day of APEC’s Committee on Trade and Investment (CTI) at the third Senior Officials Meeting (SOM 3) now being held in HCM City.

Better port connectivity, transport safety needed in Asia-Pacific

Improved transport efficiency and port connectivity are essential to advancing economic integration in the Asia Pacific region, participants said at a transport working group meeting at APEC’s 3rd Senior Officials Meeting (SOM 3) held in HCM City on Aug 18. 

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