Miners in Vietnam are facing steep hikes in royalties despite petitions to keep taxes on an even keel. According to the Ministry of Finance’s (MoF) latest proposal, royalties on most metallic minerals such as wolfram, nickel, silver, iron and mangan would rise from 7 to 10 per cent. Noticeably, gold will be subject to the [...]
Foreign investors have gained the Vietnamese government’s growing trust to undertake power projects. The government this month gave in-principle approval for South Korea’s Taekwang Vina, in partnership with Vietnam’s Hashinco, to build a 2,400 megawatt coal-fired plant in the north and a consortium of CLP Holdings of Hong Kong, Mitsubishi Corporation, Electricity of Vietnam (EVN) [...]
Several labor agencies that sent people abroad to work have been turning in their licenses since late 2008 without offering any explanation. A group of Vietnamese guest workers leave for Japan from HCMC’s Tan Son Nhat airport. In the last year or so, many labor agencies have turned in their licenses without offering any explanation. (Photo: [...]
The biggest casino in the country to date opened in the central city of Da Nang on Tuesday. The casino is part of a major international resort in the coastal city. The European-style casino occupies 15,000 square meters in the Silver Shores Da Nang resort, which has 548 5-star hotel rooms, 52 high-end villas facing [...]
Thu Thiem Bridge, one of HCM City’s key infrastructure projects, was officially opened to traffic yesterday, January 31, linking Binh Thanh District and District 2. Spanning the Sai Gon River, the 1.25km-long bridge links the East-West Highway which runs from Ha Noi Highway to the Mekong provinces and Nguyen Huu Canh Street running from Binh [...]
In the eyes of many Vietnamese people, Vietnam-made products mean those of dubious quality for low to medium income earners. Some Vietnamese producers have been trying to change their reputation by “conquering†the high grade market sector. Making “perfect†products In late 2009, Phu Nhuan Jewelry Company established Cao Fashion Company, to introduce jewelry and [...]
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