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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
Export-import costs in Vietnam four times higher than in Singapore
TUOI TRE NEWS UPDATED : 05/18/2017 16:32 GMT + 7 High business expenses and excessive inspections were among issues with the business environment in Vietnam raised by entrepreneurs at a meeting on Wednesday with Vietnamese PM Nguyen Xuan Phuc. The event, attended by some 2,000 local and foreign entrepreneurs, senior officials, and representatives from financial institutions and professional associations, was the largest pro-business meeting of its kind ever held between a Vietnamese head of government and the country’s business community. Themed ‘Siding with Businesses,’ the meeting was only the latest in a series of demonstrations by the prime minister proving his continued pledge to advance his notion of a ‘constructive government’ where individuals feel at ease to start long-term investments with positive growth outlooks. High business expenses According to the Vietnam Chamber of Commerce and Industry (VCCI), citing data from the World Bank’s World Business Environment Survey, the costs of running a business in Vietnam are much higher than those in its regional neighbors. Export-import costs in Vietnam, for example, are four times higher than in Singapore and three times higher than in the Philippines, VCCI said. The cost to have a shipping container transported 100 kilometers from Hai Phong City to Hanoi in northern Vietnam, or vice versa, is currently three times higher than expenditures for shipping the same container from China or South Korea to Vietnam. Additional costs, such as administrative fees, road tolls, overdue fines, increased gas prices, and sea shipment surcharges also factor into overall expenses. According to a Hanoi-based textile company which exports around 3,000 containers and imports approximately 2,000 containers per year, mostly through Hai Phong Seaport, it has to pay US$1,879 for every container to be exported or imported. The administration of Hai Phong recently imposed an additional ‘infrastructure fee’ of VND500,000 ($22) per container, which the company called unacceptable, as the so-called fee is already included in other administrative charges. Excessive inspections According to the Vietnam Association of Geological and Mineral Enterprises, businesses in Vietnam also face inspections from multiple delegations across all levels of government every year, a direct contradiction to a government directive that says businesses are not to be inspected more than once a year. Dau Anh Tuan, head of legal affairs at VCCI, said there is a ‘saddening’ trend in Vietnam of growing enterprises being subject to additional inspections the larger they become. The trend is absurd in economic terms, he said, since larger businesses typically have a better understanding of regulations and administrative procedures and therefore are less likely to have violations. A VCCI survey even pointed out a worrying statistic that states 13.8 percent of enterprises in Vietnam were inspected at least four times a year in 2016. Over half of those inspected at least twice yearly admitted that the content of each inspection was quite similar. A wind of change At Wednesday’s meeting, Vietnamese PM Phuc signed a directive dictating that a business must not be inspected or audited more than once a year by public authorities. An exception is to be made only in the event that there are grounded suspicions of wrongdoing or violations in a business’ operations. “I want to talk about the spirit of backing up our words with actions,” the premier said. “Businesses in Vietnam have been complaining about excessive inspections, so I have ordered the drafting of a directive… It was signed at 1:00 pm on May 17.” The 11-page directive, detailing over 60 steps taken toward ridding enterprises of the constant worry of receiving inspectors, was officially issued at the premier’s meeting with provincial leaders and ministers that followed the event. Fourteen ministries and the administrations of 53 provinces and cities across Vietnam are set to implement the directive.
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
Male brothel posing as massage parlor busted in Ho Chi Minh City
TUOI TRE NEWS UPDATED : 05/19/2017 11:25 GMT + 7 The customers are seen after the police raid. Tuoi Tre A massage parlor serving as a front for male prostitution was busted by Ho Chi Minh City police on Thursday afternoon. >> [Special feature series] A look inside male brothels Two masseurs were offering ‘erotic services’ to male customers when officers raided the establishment in alley 16 on Tran Thien Chanh Street in District 10. Several other men, still naked after spending time in a sauna, were awaiting their turn with the masseurs, according to a police officer. The parlor attendants confessed to police that they offer different ‘massage’ services, with prices ranging from VND100,000 (US$4.5) to VND400,000 ($18). Police claim the masseurs also sell sex if the customers are willing to pay. The massage parlor was registered as a unit of the TOP Traditional Medicine Co, owned by 26-year-old Dinh Quoc Tuan. “The place is packed with young male customers every night until 10:00 pm; Their motorbikes line the entire pavement,” Tuan Son, a next-door neighbor said. “Only the reception area is visible from the outside.” More than 20 people, including one manager and six attendants were taken to the police station for interrogation.
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
Capital connection: The 7 bridges of Hanoi
Spanning the history of the seven gateways that have shaped Hanoi into the cultural, political and economic heart of northern Vietnam today. read here http://e.vnexpress.net/projects/capi...141/index.html
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
Vietnam finishes third in Southeast Asia race for tourist dollars
By Ha Phuong May 18, 2017 | 12:00 am GMT+7 Thailand is way ahead of the game, but Vietnam welcomed record tourism revenue in 2016. Tourists arrivals in Vietnam past the 10 million mark last year, and the $18 billion in revenue collected by the sector contributed around 7.5 percent to the country’s economy. According to tourism data, Vietnam fell far short of Southeast Asia's most popular destination,Thailand, which received over 30 million international arrivals and bagged nearly $46 billion from tourists. continue to read here http://e.vnexpress.net/news/business...s-3586338.html
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
Saigon traffic sinks into chaos under heavy rain
By Thanh Nguyen May 19, 2017 | 09:14 pm GMT+7 Torrential rain and gusty winds on Friday afternoon caused heavy traffic jams in central Ho Chi Minh City. continue to read here http://e.vnexpress.net/news/news/sai...n-3587463.html
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Cheerios.......SS08 ^_^
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Cheerios......SS08 ^_^
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Cheerios........SS08 ^_^
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Wah finally.................. Finally a post that is not a repeated post of a previous post or an already replied post Unfortunately most people will have this "frog in a well concept" that most things happening outside our immediate area of involvement will never affect us since we do not have such things but no matter what the ripple effect will always affect us in one way or another just that last time we may not have bought into any dotcom shares but the moment the whole dotcom bubble burst leh the whole world is affected regardless of whether we have those shares or not..... Cheerios......SS08 ^_^
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
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Re: All Vietnam Related TCSS / Info / Gatherings / Help Thread
Like that also can . A reply by a Transcended Being really is not the same, no horsey run..... Cheerios.......SS08 ^_^
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