VIET NAM’S CREDIT GROWTH EXPANDS BY 5.07% IN FIVE MONTHS
The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported.
CARGO VOLUMES AT SEAPORTS REMAIN IMBALANCED
However, seaports in the north serve 25%-30% of the total volume of cargo and those in central provinces, only 13%, while customs clearance procedures for 57% of cargo are done at seaports in the south.
SHARED DATABASE NEEDED TO FIGHT TAX LOSS IN E-COMMERCE
A shared database was necessary because there is no specific measure to calculate revenues, sales and expenses of organisations and individuals selling goods and services online, according to the Ministry of Industry and Trade’s Vietnam E-commerce and Information Technology Agency deputy director Lại Việt Anh.
CENTRAL CITY TO BUILD NEW TERMINAL
Đà Nẵng will build a new terminal, T3, at its international airport with total investment of VNĐ9 trillion (US$391 million), increasing the airport’s capacity to 28 million passengers and 200,000 tonnes of cargo by 2030.
VIETNAM TELECOM GIANT VNPT FORGES INDUSTRY 4.0 PARTNERSHIP WITH ERICSSON
"By providing our 4G IoT capabilities as well as leveraging our recently launched ‘IoT Innovation Hub’ in Vietnam, we are looking to fuel and drive the IoT ecosystem in Vietnam and create momentum towards 5G," said Denis Brunetti, head of Ericsson Vietnam and Myanmar.
PRIVATE FIRMS ENCOURAGED TO JOIN CREDIT INFORMATION MARKET
To date, only two companies are eligible to provide credit information in Việt Nam, including the Credit Information Centre (CIC) under the management of the central bank and Vietnam Credit Information Joint Stock Company (PCB) – a joint venture founded by 11 local banks.
CUSTOMS SECTOR FOCUSES ON CPTPP IMPLEMENTATION
Speaking at a workshop in HCM City yesterday, General Director of Vietnam Customs Nguyễn Dương Thái said the sector would reform administrative procedures, modernise customs, improve the business environment and enhance national competitiveness.
GOVERNMENT ISSUES DECREE DETAILING LAW ON PLANNING
The Government has issued Decree 37/2019/ND-CP detailing implementation of some articles of the Law on Planning. The ruling also provides for the construction of a national information system and database on planning.
