2009 July

Capital’s public sector plans to attract top uni graduates

LookAtVietnam – Top graduates from national or overseas universities will soon be eligible to work for municipal agencies and offices without having to take enrolment tests. Young scientists at the Ha Noi Technology University. The capital is attempting to attract talented students to apply for municipal jobs.Decision 91/2009/QD-UBND, issued on July 22,...

Floods affect drainage plans

LookAtVietnam – Two construction contracts worth VND966.2 billion (US$53 million) in the second phase of Ha Noi’s drainage project have been adjusted by the Ministry of Construction in response to recent flooding in the capital city. Workers build drainage system in Ha Noi’s Thai Thinh street.Deputy Minister of Construction Bui Pham Khanh said...

POLITICS IN BRIEF 31/7

President visits National University in HCM City; Vietnam to attend 30th AIPA General Assembly; Vietnam calls for int’l support to Somalia’s government; President calls for a boost to fruit exports; Int’l outreach elevates Vietnam’s prestige President Nguyen Minh Triet and students of the National University - HCM City.President visits...

Japanese Bank pledges additional loans to Vietnam

The Japan Bank for International Cooperation will continue to grant loans to banks in Asia, including Vietnam, said visiting JBIC President and CEO Hiroshi Watanabe in a meeting with Vietnamese PM Nguyen Tan Dung on July 31. LookAtVietnam - The Japan Bank for International Cooperation (JBIC) will continue to grant loans to banks in Asia, including Vietnam, to...

Boating along the Giang river

LookAtVietnam – As the birthplace of national icon Ho Chi Minh, Nghe An province has been emblazoned in the consciousness of the Vietnamese people for several generations. But today it is attracting attention for a different reason - its potential for a great holiday. Off the beaten track: The Giang river in Nghe An province.Forests, mountains and ethnic...

Houses worth over 600 million dong to be taxed

Houses worth over 600 million dong will be taxed 0.03 percent per annum on the value in excess of the 600 million threshold instead of 0.05 percent as previously planned, the latest draft of the housing tax law stipulates. The Ministry of Finance, which is drafting the housing tax law, said that the draft document was open for opinions from 17 ministries and...

Domestic goods still out of favour with Vietnamese consumers

VietNamNet Bridge – Vietnam-made goods are being threatened by low-cost, low-quality, unsafe goods. This was heard at a workshop on Vietnamese consumers and Vietnam-made goods on July 30 in Da Nang city. Dr Dinh Thi My Loan, Deputy Chairman of the Vietnam Retailers’ Association, cited the latest statistics released by a market survey firm that 77 percent...

Domestic breeders incurring losses because of meat imports

Breeders complain that they are incurring losses, while feed producers say their sales are decreasing because of massive imports of low-quality meat. The production cost of one kilogramme of live pork is 31-32,000 dongLe Van Thanh, Director of Thai Duong Company, a feed producer, said that the live pork price in the north has dropped from 26-28,000 dong per...

Tet bonus paid prior to June 30, 3009 will be taxed

VietNamNet Bridge – The Prime Minister has released a decision on the method to calculate personal income tax (PIT) for 2009, under which, tax sums will be defined based on the origin of income rather than payment time. Tax sums will be defined based on the origin of income rather than payment time.This is understood that all the income generated in the...

BUSINESS IN BRIEF 31/7

Modern multipurpose rescue vessel launched; Two local firms carry off regional quality awards; Programme targets garment makers; Japan offers 200 mln USD loan for Vietnam  Vietnam remains an attractive destination for retail investment until 2012, said a US market research company, citing the country’s strong GDP growth, regulatory structure changes...