The Business Times: Chinese frogs, fish go easily through quarantine stations to enter Vietnam

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• Chinese frogs, fish go easily through quarantine stations to enter Vietnam
• Belgian brewery manufacturer rouses Vietnamese enterprises from sleep
• Giant tourism projects in Central Region to be revoked
• 5-star hotels to take up Hanoi’s market
• Slow reforms cloud vietnam’s economic growth outlook, IMF says
• Vietnam gov’t should cut taxes to boost tourism: ministry
• Vinacomin moves to decrease coal export tax
• Vietnam’s central bank imports gold to bolster official reserves
• Vietnam deputy prime minister requests to publicize petrol price stabilization fund by quarte
• Vietnam raises import duty on under 9 seat used cars

Chinese frogs, fish go easily through quarantine stations to enter Vietnam Posted: 06 May 2013 11:53 PM PDT Chinese meat and seafood of different kinds, from frogs, shrimp to cuttlefish and eels, have been imported in large quantities to Vietnam through illegal channels. Hundreds of tons of fish and shrimp have been crossing the border gates every day to enter the Vietnamese market. Border management agencies said they have seized a lot of [...]

Belgian brewery manufacturer rouses Vietnamese enterprises from sleep Posted: 06 May 2013 11:50 PM PDT The Vietnamese market is believed to become scalding hot with the presence of the big guy from Belgium Aneuser-Busch Inbev (AB Inbev), slated for the next year end. Reuters has quoted its sources as reporting that the biggest brewery manufacturer is moving ahead with its plan to march towards Vietnam the next year end. It [...]

Giant tourism projects in Central Region to be revoked Posted: 06 May 2013 11:44 PM PDT Being registered with tens of millions of dollars in capital and noisily advertised, many foreign invested projects in the field of tourism remain standstill due to lack of funds or problems with site clearance. “The situation is very difficult,” said Mr. Vo Tan Thai, Director of the Department of Planning and Investment of Khanh Hoa [...]

5-star hotels to take up Hanoi’s market Posted: 06 May 2013 11:43 PM PDT Market survey firms, which believe that more and more high income tourists would come to Hanoi, have all predicted that more 5-star hotels would be available in the city by 2015. Dau tu has quoted the report of the Vietnam National Administration of Tourism (VNAT) as saying that 1.8 million foreign travelers came to Vietnam [...]

Slow reforms cloud vietnam’s economic growth outlook, IMF says Posted: 06 May 2013 11:38 PM PDT Slow restructuring of Vietnam's banks and state companies contributed to the International Monetary Fund's decision last week to cut the nation's growth forecasts. The IMF lowered its projection for Vietnam's growth to 5.2 percent this year from 5.8 percent previously, and to 5.2 percent in 2014 from 6.4 percent in its report on April 29. [...]

Vietnam gov’t should cut taxes to boost tourism: ministry Posted: 06 May 2013 11:35 PM PDT The Ministry of Culture, Sports and Tourism has sought government approval to slash both the value added tax and corporate income taxes in half for the tourism and service industry sectors to stimulate tourism. According to the ministry, those sectors have been struggling in the current economic climate. The rising price of necessities such as [...]

Vinacomin moves to decrease coal export tax Posted: 06 May 2013 11:33 PM PDT HA NOI— The Viet Nam National Coal and Mineral Industries Group (Vinacomin) is seeking approval to lower the export tax on coal, claiming the mining industry faces difficulties due to steep decreases in demand both at home and abroad. The move comes just six months since the Ministry of Finance agreed to cut the tax [...]

Vietnam’s central bank imports gold to bolster official reserves Posted: 06 May 2013 11:31 PM PDT Vietnam's central bank said it imported gold to make up for a reduction in reserves from sales to local commercial banks. The purchases were equivalent to the amount sold at the auctions, the State Bank of Vietnam said in a statement on its website today, without giving details. The bank sold 367,000 taels in 13 [...]

Vietnam deputy prime minister requests to publicize petrol price stabilization fund by quarte Posted: 06 May 2013 06:57 PM PDT Vietnam's Deputy Prime Minister Vu Van Ninh requested an open disclosure of deposit, management, and use of existing petroleum price stabilization fund on the website of the Ministry of Finance The purpose of this disclosure is to provide official information about the petrol price stabilization fund. to the authorities and the public. Deputy Prime Minister requested in case of necessity, the Ministry of Finance will follow the request of the competent authority. Previously, Nguyen Anh Tuan, Deputy Director of Price [...]

Vietnam raises import duty on under 9 seat used cars Posted: 06 May 2013 06:55 PM PDT Vietnam raised import duty on cars from 9 seats or less (including driver) with a capacity of less than 1,500 cc to $ 10,000 maximum from June 20, 2013. This is the content of Decision 24/2013/QD-TTg of the Prime Minister, amending and supplementing Clause 1, Article 1 of  the Decision No. 36/2011/QD-TTg dated 29/6/2011 on imported tax on 15 seats or less second hand passenger cars. Specifically, the passenger cars from 9 seats or less (including driver) with capacity of less than 1,000 [...]

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