Business

Transport ministry to raise airport service charges

Transport ministry to raise airport service charges

The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality.

Technical checks prove burden for enterprises

Businesses in Vietnam spend 28.6 million working days and VND14.3 trillion (USD629.2 million) annually to complete procedures related to technical checks on around 100,000 types of goods.

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Ex-VN Pharma officials on trial for smuggling cancer medicines

HCM City People’s Court on Monday opened a court trial related to the smuggling of cancer medicines and falsification of documents at HCM City-based VN Pharma Joint Stocks Company in 2013 and 2014.

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Build, operate and transfer transport projects criticised for lack of tendering

Most build, operate and transfer projects in the transport sector have appointed contractors and not gone through tendering.

 >>  Transport minister addresses over-charging BOT toll station
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Aviation service fees to increase

The Ministry of Transport has decided to increase service fees for all carriers using Vietnam’s airports from October, to cover investments in the airport network and improve service quality.

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PetroVietnam to complete divestment by 2020

Deputy Prime Minister Vuong Dinh Hue has released a list of State-owned enterprises from which the Vietnam Oil and Gas Group (PetroVietnam) must reduce its ownership between 2017 and 2020.

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Experts concerned about VAT increase proposal

The Ministry of Finance recently proposed increasing value-added tax to 12% in 2019, from 10% in order to ease the high public debt. This has raised concerns from local experts.

 >>  MoF: Public debt to reach record high in 2017
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 MPI proposes permanent residence cards for foreign investors on Phu Quoc

Vietnam may issue permanent residence cards to foreign investors on Phu Quoc Island under a draft law on special administrative zones submitted to the government by the Ministry of Planning and Investment (MPI).

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Hanoi, Danang and HCM City’s taxi associations have sent a joint petition to Prime Minister Nguyen Xuan Phuc, asking for him to intervene to guarantee a fair business environment.

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With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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State-owned groups and enterprises have brought back VNĐ6.84 trillion (US$301 million) to the State coffer during their divestment process in 2016, according to the Finance Ministry.

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Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

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Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

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The Ministry of Finance has refused a local company’s proposal to provide tax incentives on the import of 20,000 electric taxis from French car-maker Renault.

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