Experts call for coordination in building platform economy policies The Saigon Times Daily A women is seen scanning a QR code for payment. Experts call for coordination in building platform economy policies – PHOTO: THANH HOA HCMC - Vietnam is still struggling with the building of policies and regulations governing the platform economy, the Government news website quoted economic experts as saying. Referencing well-known rental platforms HomeAway and Airbnb, Associate Professor Dr. Ngo Tri Long said that the two platforms, which have a respective presence in 190 and 119 countries, do not own, rent, manage or control any of the properties. They only provide information on the available rooms for rent, manage the payments, and charge 9-12% on every booking. In 2015, Airbnb had some 1,000 listings in Vietnam, which have now increased to more than 16,000 listings. According to Long, Airbnb has had a considerable impact on both short-term and long-term accommodation markets. … [Read more...] about Experts call for coordination in building platform economy policies
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A new dumping ground?By Phuong Thao The environmental pollution threat is looming larger than ever as the nation is struggling with a huge influx of scrap from other countries. Backlogs of scrap containers have piled up at seaports across the country, posing a tough question for environment authorities on how to deal with the unwanted garbage. The volume of second-hand products imported into Vietnam has skyrocketed in recent times. In 2016, Vietnam imported more than 4.8 million tons of scrap such as iron, steel, plastic and paper. But the figure jumped to more than 6.5 million tons last year and reached as high as four million tons in the first half of this year alone. January-June plastic waste imports amounted to 277,700 tons, way above the 245,800 tons imported in all of 2016. The total value of imported scrap was put at US$1.2 billion in the year to end-June, higher than the US$1 billion recorded in all of 2016. As of July 25, a staggering 3,600 scrap shipping containers had … [Read more...] about A new dumping ground?
Vinh Phuc seeks investment from S Korea The northern province of Vinh Phuc promoted its potential and called for investment at a conference held in Gyeonggi Province in South Korea on Friday. Speaking before an audience of South Korean businesspeople, Chairman of Vinh Phuc provincial People’s Committee Nguyen Van Tri highlighted the province’s convenient location in Viet Nam’s northern key economic zone and favourable natural conditions suitable for industry, tourism and hi-tech agriculture. He informed the South Korean business circle that the province has made efforts to streamline its administrative procedures, upgrade infrastructure, especially at industrial zones, and train the local labour force. The provincial leader reported that Vinh Phuc is now home to more than 300 foreign direct investment (FDI) projects, including many run by South Korean corporations such as Partron Vina, Haesung Vina, Bangjoo and Interflex. Several more South Korean … [Read more...] about BUSINESS NEWS IN BRIEF 1/8
The draft decree would require e-commerce websites to register with the Ministry of Industry and Trade. — Photo doanhnghiephoinhap.vnViet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) plans to publish a list of e-commerce websites and mobile applications that violate laws and regulations on online trading. The details of individuals and organisations who own the websites in question will also be published. Ðặng Hoàng Hải, director of the ministry’s Việt Nam E-commerce and Information Technology Agency (Vecita) said there were new forms of online business, as well as rapidly increasing use of social networks, over the past few years. This was the reason the ministry is building a draft decree on management of e-commerce website and mobile apps to reduce shortcomings in the management of the new online business forms. Hải said the current Decree 52/2013/NÐ-CP stipulated regulations relating to … [Read more...] about List of websites violating e-commerce rules to be published
Full-time National Assembly deputies discussed the draft Law on Cyber Security at a conference held by the NA Standing Committee on April 4, 2018 (Photo: VNA) Hanoi, (VLLF/VNA) - The draft Law on Cyber Security, which is scheduled to be passed by the 14th National Assembly at its ongoing session, contains some new provisions which raise public concerns. The Vietnam Law and Legal Forum, under the Vietnam News Agency, talks with Lieutenant General Hoang Phuoc Thuan, Director of the Cyber Security Department of the Ministry of Public Security, about some controversial issues governed by the draft law. Over the past few years, the cyber security situation has developed complicatedly. Series of cyber-attacks and security incidents have been reported by local media. Could you elaborate on the necessity to make the Law on Cyber Security in Vietnam today? The cyber security situation in the world and Vietnam is undergoing complicated developments. There … [Read more...] about Building law on cyber security: a must in current situation