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Illustrative image (Source: Getty Images) Hanoi – The Ministry of Finance has issued a circular guiding the implementation of some articles of the Government’s Decree No. 121/2021/ND-CP on business in prize electronic games for foreigners in Vietnam. Circular No. 39/2022/TT-BTC stipulates the appraisal fee for the grant and extension of business certificates at 150 million VND (6,428 USD), while that for the re-grant and adjustment stands at 5 million VND. After the appraisal, the finance ministry will inform enterprises about the payment, according to the document. The businesses are allowed to suspend the use of conventional currencies for management requirements, but they have to inform finance departments and tax agencies at least five days earlier through documents. The resumption of the use of the currencies must also be reported to these agencies. The enterprises need to keep a close watch on the currencies, including their format, quantity and type, among others. … [Read more...] about Rules on business in prize electronic games for foreigners

In his remarks, Ambassador Le Viet Duyen said the course will contribute to advancing the traditional friendship between people of the two countries to a new height. Similar classes will be held in the time ahead, both online and offline, to help Venezuelans understand more about the culture, land and people of Vietnam, and enhance the friendship and people-to-people exchanges, he noted. President of the Venezuela-Vietnam Friendship Association Carolus Wimmer expressed his hope that apart from such courses, the embassy will open classes on Vietnamese culture and cuisine to help bring the beautiful country of Vietnam closer to Venezuelans. Jointly held by the embassy and the association, the three-month course brought together more than 30 trainees from Venezuelan ministries, agencies, universities and press agencies. Source: VNA … [Read more...] about First Vietnamese language course for Venezuelans concludes

Representatives of 29 tourism businesses from Ha Noi, HCM City and the north-central region signed agreements to link tourism development on July 1 in Nghe An Province. — VNA/VNS Photo Van Ty Tourism links would boost activity in each locality, contribute to the promotion of local tourism brands in the domestic market and enhance the competitiveness of Vietnamese tourism in the international market, vice chairwoman of the HCM City People's Committee Phan Thi Thang said at a recent forum on linking tourism development. The forum was held in Nghe An Province last Friday to foster tourism links between Ha Noi, HCM City and six north-central provinces of Nghe An, Ninh Binh, Thanh Hoa, Ha Tinh, Quang Binh and Quang Tri. Phan Thi Thang said besides tourism links within the north-central region, the six provinces needed to boost tourism cooperation with key tourism regions, and create unique tourism products. “With experience in developing tourism linkages with other regions, HCM … [Read more...] about Ha Noi, HCM City foster tourism links with north-central region

Steel roll production lines at Hoa Phat Steel Sheet Co., Ltd, located in the Pho Nui A Industrial Park in the northern province of Hung Yen. Steel is one of key export products from Viet Nam to Thailand, Laos and Cambodia. — VNA/VNS Photo Vu Sinh Vietnamese businesses have many opportunities to increase export goods to Thailand, Laos and Cambodia, according to the Trade Promotion Department of the Ministry of Industry and Trade. Nguyen Thi Thu Thuy, deputy director of the Export Support Center, said that Viet Nam had many favourable conditions for exporting goods to Thailand and Laos because the three countries were close geographically, and members of various free trade agreements. To meet the demand of customers in Thailand and Laos, domestic enterprises are recommended to export goods reaching technical standards and to have import certificates from authorities. They also need to apply advanced technology in processing and preserving products to ensure the quality of … [Read more...] about VN Trade Promotion Department lauds ASEAN export opportunites

The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. AEON Group, the Japanese retailer, expected to sell about 30 tons of fresh lychee and 2.5 tons of fresh bananas from Vietnam during the three-day Vietnamese Goods Week in Japan. The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. A number of Vietnamese fresh lychee are sold at AEON supermarket. Photo: congthuong.vn "Last year, we imported  five tons of fresh lychee from Vietnam and sold it only in large supermarkets. However, this year, we imported up to 22 tons of lychee and sold them in all AEON supermarkets throughout Japan," Soichi Okazaki, Executive Director of ASEAN Business at AEON, told the Vietnam News Agency . Okazaki added that Vietnamese lychee is very fragrant and … [Read more...] about Some 30 tons of fresh lychee sold at Vietnamese Goods Week in Japan

An office of Bao Viet Insurance Corporation in Ha Noi. By the end of May 2022, the total insurance premium revenue of the insurance market reached nearly VND94.28 trillion, up 16 per cent over the same period last year. — Photo mof.gov.vn The newly-issued Law on Insurance Business is expected to positively impact the insurance market's long-term development. The National Assembly on June 16 passed the amended Law on Insurance Business, with 94.2 per cent of delegates voting in favour. The revised law will enter into effect on January 1, next year. The Law stipulates the organisation and operation of insurance companies, the rights and obligations of organisations and individuals participating in insurance, and State management of insurance business activities. According to the Ministry of Finance (MoF), the country currently has 77 insurance companies, including 31 non-life insurance companies, 19 life insurance companies, two reinsurance companies, 24 insurance brokerage … [Read more...] about New policy boosts insurance market’s long-term development