Vietnam Investment Review - VIR

Corporate

Notorious Chu Lai Soda closing might cost $90 million for bankers
10:28 17/12/2017 Notorious Chu Lai Soda closing might cost $90 million for bankers

Banks, including state-owned Bank for Agriculture and Rural Development (Agribank), are worried that Chu Lai Soda Processing JSC (Chu Lai Soda) will default on its VND2 trillion ($88.1 million) debt as the soda processing factory has been forced to suspend its operations since August 2016 due to violations in discharge, according to newswire Baolaodong.

Investing

Strengthening linkages between FDI and domestic enterprises to support industry development
10:48 17/12/2017 Strengthening linkages between FDI and domestic enterprises to support industry development

The processing and manufacturing industry is always the most attractive foreign direct investment (FDI) segment, accounting for 45 per cent of total registered investment capital. However, Vietnamese enterprises are stuck on the lower rungs in the global supply chain.

Tech

Japan firm says it will pay part of salaries in Bitcoin
17:24 16/12/2017 Japan firm says it will pay part of salaries in Bitcoin

TOKYO: A Japanese company will start paying part of its employees' salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday (Dec 15).

Property

Leasehold advantages: an opportunity not to miss
21:28 15/12/2017 Leasehold advantages: an opportunity not to miss

Owning a condotel for a certain period of time, better known as leasehold, is becoming popular in the real estate market around the world. However, in Vietnam, most customers still underestimate the advantages of this attractive property option.

Money

Thousand billions in lost tax from foreign enterprises
10:32 17/12/2017 Thousand billions in lost tax from foreign enterprises

Vietnam has lost thousands of billions of dong in taxes as foreign enterprises, especially large-scale ones, refuse to pay based on the Double Taxation Avoidance Agreement.

Travel

Lanmei Airlines launches two new Vietnam routes
15:43 16/12/2017 Lanmei Airlines launches two new Vietnam routes

On December 20, Cambodian Lanmei Airlines will launch two new non-stop flights between Phnom Penh and Hanoi as well as Siem Reap and Ho Chi Minh City, scheduled to depart every Tuesday, Wednesday, Friday, and Sunday.

Society

Global startup competition to march on to regional rounds
15:44 16/12/2017 Global startup competition to march on to regional rounds

VietChallenge 2018, a world-scale startup competition for Vietnamese entrepreneurs, announced the date of the regional rounds. Accordingly, the Hanoi round will be on December 19 and the Ho Chi Minh City round on December 22.

Sports

Monaco hit four to stay in PSG chase
17:14 16/12/2017 Monaco hit four to stay in PSG chase

PARIS: Reigning French champions Monaco eased past struggling Saint-Etienne 4-0 on Friday (Dec 15) to stay on PSG's tail with the highly coveted Fabinho and Thomas Lemar among the scorers.

World News

Flights between Russia and Egypt to resume in February: Moscow
11:00 16/12/2017 Flights between Russia and Egypt to resume in February: Moscow

MOSCOW: Flights between Russia and Egypt will resume in February, the Russian transport ministry announced on Friday (Dec 15), after they were suspended in 2015 following an airliner bombing claimed by the Islamic State group.

Your Consultant

Gov’t regulation offers golden opportunity for local auto production
10:51 15/12/2017 Gov’t regulation offers golden opportunity for local auto production

Under a new decree, used auto imports will have no way to enter Vietnam because of high tariffs and strict requirements on maintenance services, creating a golden opportunity for domestic automobile manufacturers.