Customs develops on-line procedures

The Viet Nam General Department of Customs has set a target of having between 18 and 20 provincial and city customs departments apply e-customs procedures in 2011. To realise the goal, customs will carry out five measures, the most important of which is setting up a common e-customs declaration system backed by hi-tech equipment that [...]

Year-end discounts spark fashion shopping frenzy

Large year-end discount sales at several fashion shops in HCM City have seen droves of fashionistas flocking to buy discounted items. Fashion shops on Hai Ba Trung, Le Van Sy and Tran Huy Lieu streets are offering a big sale of 50 to 70 per cent while Big C, Maximark, and Co.op Mart supermarket chains [...]

Road projects lack sufficient funding from State budget

Many major traffic infrastructure projects have sufficient capital from foreign sources but lack funds from the State budget to be spent on site clearance and other costs, according to ministry officials. According to Nguyen Hoang, head of the Ministry of Transport’s Planning and Investment Department, most projects have sourced capital from Official Development Assistance (ODA) [...]

Tien Giang restructures economy

The southern province of Tien Giang has mapped out strategies to restructure its economic sectors, spearheading manufacturing, construction, trade and services by 2020. Under the strategies, the province will raise the proportion of manufacturing and construction to 48.5 per cent from 33 per cent; trade and services to 36.5 per cent from 32 per cent, [...]

Gold rush losing steam?

Gold prices have continued to drop in the early days of 2011. This is quite different from previous years when prices of the precious metal increased along with demand, particularly during the Tet season, thanks to the payment of bonuses. Early January, the domestic gold price was VND36.3million ($1,728) per tael, but it has since [...]

Online buying flourishes

Motorbikes, clothing, handbags, shoes – these kinds of consumer items were being increasingly bought online in Viet Nam over the last few years, thus the product and services range has widened considerably since. Online purchases can now include gift hampers, house cleaning, carpet washing, changing bank notes into crisp, new smaller denominations and car rentals. [...]

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