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Opening finance, telecom markets under EVFTA has opportunities, risks With the newEU-Vietnam FTA (EVFTA), the insurance sector is expected to continue to see strong growth, while the telecom sector will be more difficult to join. … [Read more...] about VN telecoms firms turn to digital content

Hanoi (VNS/VNA) - Telecommunications firms are turning towards developing their own digital content, the Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications has said. Mobile service revenue is mainly based on traditional telecommunication services, with revenue from voice calls and SMS messages accounting for 76.6 percent.  With tightened management over pre-activated SIM cards, the number of mobile phone subscriptions was 125.8 million last year, a year-on-year decrease of 3.5 percent. However, the number of broadband subscribers has increased significantly, with mobile broadband (3G, 4G) having 61.3 million subscriptions, accounting for 48.7 percent of the total number of mobile subscriptions. The total market share of the three largest enterprises, Vinaphone, MobiFone, and Viettel, accounted for more than 96.2 percent last year, said VNTA. Commenting on the telecommunications market, Huynh Quang Liem, deputy general director of … [Read more...] about Telecoms firms turn to digital content

Hanoi (VNS/VNA) - Experts believe the State's issuance of ownership certificates for non-residential real estate projects will solve existing difficulties in Vietnam’s real estate market. The Ministry of Natural Resources and Environment last week issued new guidelines about the land use regime and the certification of non-residential construction works, such as condotels. “These new guidelines bring positive signals to Vietnam’s real estate market at the start of this year, especially for hospitality developers and investors,” Su Ngoc Khuong, Senior Director of Investment, Savills Vietnam, told Vietnam News. “If the guideline is officially implemented, it will provide great support and leverage for the hospitality sector.” Hospitality investors have two main sources of income: selling second-home villas and condotels, and entertainment activities and leisure services in their projects. Currently, as the revenue of hospitality services has … [Read more...] about Experts eye fix for condotel woes

- PetroVietnam Drilling & Well Service Corporation (PV Drilling) under Vietnam Oil and Gas Group (PetroVietnam) will provide heavy tender assist semi-submersible drilling rig “PV DRILLING V” for Brunei Shell Petroleum Company Sdn Bhd (BSP). … [Read more...] about PV Drilling secures new drilling contract with Brunei partner

Hanoi (VNS/VNA) - Hundreds of food inspectors often start their work when Hanoi sleeps, working to ensure food safety and hygiene for consumers. Pham Van Tuan regularly wakes up at midnight to inspect slaughterhouses and wholesale markets in Hanoi’s Thanh Oai district. The inspections start at 1am and finish at about 6am every day. Tuan, head of the district’s Livestock and Animal Health Office, said managing slaughterhouses was not easy because not all owners of slaughterhouses complied with regulations on animal’s origins. Some slaughterhouses failed to show the origin of their animals and others didn't cooperate with inspectors when they were found running abattoirs without licences, he added. Nguyen Van Phan, another employee of the office, said he and his colleagues were used to working day and night.  “We have to do our job at any time after we receive reports of ill or dead animals,” he said. They had to identify the cause of the illness … [Read more...] about Hanoi’s food inspectors work tirelessly to ensure food safety