Vietnamese consumers have been duped into buying mobile devices of famous brands at attractive prices by a telesales company, only to eventually have copycats or knockoffs delivered to their door. Vietnamese consumers have been duped into buying mobile devices of famous brands at attractive prices by a telesales company, only to eventually have copycats or knockoffs delivered to their door. The consumer rights protection agency under the Vietnam Competition Authority (VCA) said it had recently been flooded with complaints from victims of the deception, all of whom had agreed to buy the products after listening to the honeyed words of the company’s telesales people. The most common method is to provide consumers with misleading information regarding the name of the company and the products themselves, and to insist that delivery be made via post using cash-on-delivery (COD). The fraudulent company also requests that the COD parcels only be opened once payment is cleared. This … [Read more...] about Vietnam firm sells iPad by phone, delivers iPed
VietNamNet Bridge – The HCM City People’s Committee now works with competent agencies on the initiative to allow the Vietnam Waste Solution (VWS) to import waste to be recycled at the company’s $10 million factory. HCM City Vice Mayor Nguyen Huu Tin made the proposal at the meeting with the Prime Minister Nguyen Tan Dung at the factory on February 2. The factory, developed by VWS over the last three years, reportedly needs thousands of tons of rubbish every day to generate power. VWS’s General Director David Duong said since the city has been slow in implementing the waste classification program, the compose factory and the recycling factories have been left idle since 2011 because of the lack of materials. Therefore, he has proposed to allow VWS to import waste to ensure sufficient materials for the factories. According to Tin, Vietnam now prohibits enterprises and organizations to import materials for recycling, while this is a very popular thing permitted … [Read more...] about Vietnam may allow importing waste for recycling
While the demand for vegetables, fruits and dairy increase recently compared to grains, Vietnam has been urged to map out new agricultural strategies to keep up with these new market trends. Vietnam urged to restructure agriculture to meet market demand and enhance its competitiveness The issue was top on agenda at the forum “Strengthening agricultural productivity and supply chains in Vietnam”, which was co-organised on October 3 in Hanoi by the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD)’s Centre for Agricultural Policy, the ADB Institute and the French Development Agency (AFD). Speaking at the forum, Tin Htut Oo, Chairman of National Economic and Social Advisory Council of Myanmar, said that after the world food crisis in the 2007-2008 period, more countries became aware of the importance of agricultural production in the national economy and … [Read more...] about Vietnam urged to revamp outlook on agriculture
Foreign companies in Vietnam are enjoying massive tax and other incentives, giving them an advantage over already less-competitive domestic businesses.For example, Samsung, which is operating in Vietnam through various entities, topped the Vietnamese finance ministry’s list of 100 foreign companies with the biggest tax reductions in 2016.All of Samsung’s various subsidiaries in Vietnam collectively had their taxes reduced by nearly US$1 billion last year. Of these, Samsung Electronics Vietnam Thai Nguyen alone enjoyed total tax incentives worth VND10.36 trillion (US$456.39 million), according to finance ministry data. A finance ministry official said that these incentives are legally granted as per Vietnam’s policy of attracting foreign investment and boosting productivity.The incentives are available to any company meeting specific criteria, but the problem is that very few Vietnamese companies qualify, the official added.While the tax reductions foreign companies … [Read more...] about Are foreign-invested firms enjoying too many incentives in Vietnam?
A single package of VITA - Song Tu Tin offers customers comprehensive protection for themselves and their families for their convenience. It also offers attractive investment returns thanks to Annual Bonus and Special Bonus up to 500% of annual premium.Aside from the regular annual premium payment plan, customers can opt for upfront payment for the first 4 years to enjoy a complete waiver of initial premium fee from the 2nd year onwards, and hence quickly building up their accumulative investment value. When supplemented with additional protection and health riders, customers can be assured of up to 1 billion VND/annum/person of medical expense reimbursement and up to a maximum of 500% protection benefits. In addition, with VITA - Song Tu Tin, Generali Vietnam will continue to provide protection for customers for 24 months from the date the insurance contract becomes lapsed, regardless of reasons. This is a unique feature introduced for the first time in Vietnam insurance market. In … [Read more...] about Generali Vietnam Life launches new product “VITA – Song Tu Tin” with superior & unique features