An Uber driver uses the app during a trip in Hanoi. (Source: VNA) Hanoi (VNA) - The Ministry of Transport (MoT) and the General Department of Vietnam Roads are currently planning amendments to Decree 86 issued in 2014, focusing on business condition reviews for transport firms. Tran Bao Ngoc, Director of the ministry’s Transportation Department, said in an early March meeting that the new decree’s main objective was to better manage transport businesses using software. The move comes after a February announcement from the Hanoi Department of Transportation, stating that Uber and Grab must cease employing new drivers, and “temper operations” until a definite administrative framework was constructed. The MoT’s actions were welcomed by national taxi associations of Hanoi, HCM City and Da Nang, claiming on their official site on March 16 that with the two-year pilot period ending in January 2018, the ministry’s prolonged … [Read more...] about Ministry tightens management of transport businesses
Business
Japanese business community donates water heater to orphanage
JBAH members play with orphans at the Marina Picasso Orphanage in HCM City’s Thu Duc District — VNS Photo Van Chau The Japanese Business Association in HCM City (JBAH) has donated a water heater to Marina Picasso Orphanage in HCM City’s Thu Duc District. Vo Thi Tuoi, manager of the orphanage, said: “The donation is helpful and meaningful for us, especially for the division where we provide care for newborns. They have a greater demand for hot water than others in the orphanage. With the new equipment, we will not have to wait for boiling water.” In addition to the donation last on March 11, JBAH members played football and painted with the orphans in the village. Lat year, JBAH donated US$38,000 to help underprivileged children, including orphans in Binh Duong Province and HCM City. They also built an inter-commune concrete bridge in Long An Province to make it easier for thousands of people to commute from isolated areas, enabling children to go to … [Read more...] about Japanese business community donates water heater to orphanage
Vietnamese, RoK Presidents co-chair VN-RoK Business Forum
State President Tran Dai Quang and the Republic of Korea (RoK)’s President Moon Jae-in co-chair Viet Nam-RoK Business Forum in Ha Noi, March 23, 2018 - Photo: VGP/Nhat Bac Speaking at the event, the Vietnamese State President said he expected that the two nations’ business communities will share new initiatives, launch innovations, uphold potentials and advantages to make contributions to consolidating and deepening the two nations’ Strategic Partnership. He asserted that the future of Viet Nam-RoK relations depends on the vision, determination, activeness and innovation of the two countries’ businesses. President Moon Jae-in supposed that the achievements in the two sides’ relations are partially attributed to their enterprises, highlighting the number of more than 5,500 RoK businesses having launched operations in Viet Nam. Participations in the event included Vietnamese Deputy PM Vuong … [Read more...] about Vietnamese, RoK Presidents co-chair VN-RoK Business Forum
Future of VN-RoK cooperation depends on business communities
State President Tran Dai Quang, RoK President Moon Jae-in and delegates to the Viet Nam-RoK Business Forum held in Ha Noi on Friday. Photo: VGP The Vietnamese leader stressed the point on Friday at the Viet Nam-RoK Business Forum joined by President Moon Jae-in. The bilateral relationship is at best stage ever, which has been nurtured with friendship and joint efforts of the two States and people, according to State President Quang. He called on businesses to continue sharing new ideas and innovative solutions and promoting their strengths to become pioneers in economic cooperation and connectivity between the two countries. In his remarks, President Moon Jae-in said he saw an emerging economy marked with a young workforce since he arrived in Viet Nam. Businesses took an important role in the robust development of the Viet Nam-RoK over the past 25 years, said President Moon, adding that around 5,500 enterprises are investing in Viet Nam. President Moon expressed his strong … [Read more...] about Future of VN-RoK cooperation depends on business communities
Domestic businesses expect positive impacts by CPTPP
MoIT Minister Tran Tuan Anh (first, right) and representatives of 10 other member nations at the CPTPP signing ceremony on March 8th (Photo: VNA) Nguyen Van Sua, Vice Chairman of the Vietnam Steel Association, was of the view that both TPP and CPTPP would have positive impacts on the domestic steel industry rather than negative ones. He explained that several CPTPP members import large volumes of steel products, and the removal of tariff barriers will help Vietnamese steel exporters extend their markets. At the same time, some CPTPP member countries, for example Australia, have abundant sources of materials needed by the steel industry such as iron ore and coal, which will give Vietnam easier access to materials, machinery and technology in the industry. Sua added that negative impacts do exist, though not large, as competition in the steel industry among CPTPP members is not particularly fierce. He said in order to optimise opportunities brought by the CPTPP, … [Read more...] about Domestic businesses expect positive impacts by CPTPP