encouragement

Update news encouragement

Foreign investors in VN believe they are sitting on gold mine

Despite some worries about Vietnam’s national economy performance, foreign investors in Vietnam still believe that Vietnam is a “gold mine.”

First Vietnam-made chip put into commercialization

Chip SG8V1 designed by ICDREC Center, an arm of the HCM City National University, has become the first product to be commercialized.

Hotels earn trillions of dong from gambling services

VietNamNet Bridge – There are some 50 establishments that provide electronic games for prizes to foreigners in Vietnam. The revenue from the services has been increasing steadily. The figure was VND5 trillion in 2011.

Foreign investment in real estate: don’t judge a man by his looks

The foreign direct investment (FDI) in the real estate sector in HCM City decreased sharply in 2012. However, experts say this is not bad news at all.

Software firms claim for tax incentives

The current policy on VAT incentives turns out to maltreat software firms, while the corporate income tax incentives have been benefiting foreign firms. Meanwhile, there has been no personal income tax for software workers.

Private investment funds returning to Vietnam

The investment deal of US$200 million in Vietnamese Masan Consumer Group which has just been announced by Kohlberg Kravis Roberts (KKR) is believed to trigger a new wave of private investment funds returning to Vietnam.

Vietnamese succeeds in making cosmetics materials from rice bran

Nguyen Duc Tien, a scientist from the Agricultural Electromechanical Post-harvesting Technology Institute and his associates have successfully invented the technology to make Gamma Oryzanol from rice bran.

Fee increases make travel firms worried to death

The Ministry of Finance’s decision to raise the fees and charges on travelers has made travel firms worried stiff. They fear that the higher fees would keep travelers away.

Wind power plants in Binh Thuan still awaiting capital

Sixteen wind power projects are expected to be developed in the central province of Binh Thuan, where there is a profuse wind source and favorable conditions for wind power plant development.

South East Asian groups eyeing Vietnamese businesses

Not only the powerful conglomerates from the US or Europe, but the big economic groups from South East Asia also attempt to take over Vietnamese businesses.

Despite difficulties foreigners still can see MLM opportunities in Vietnam

Avon, one of the three foreign invested enterprises which distribute products in Vietnam under the mode of multi-level marketing (MLM) has announced the withdrawal from the Vietnamese market.

Treating environment pollution with microbiology, why not?

A lot of effective models of treating environment pollution with microbiology still have not been brought into life due to the lack of an appropriate investment mechanism.

Telcos’ presence will raise strong waves in pay-TV market

VietNamNet Bridge – A cutthroat competition is believed to occur in the pay-TV market in 2013, when telecom groups jump into the market and force the service fees down.

Who benefits from tourism industry?

All the policies relating to the tourism industry have been bringing benefits to resort developers and tourism project investors, but no benefit to local residents.

The unique tricks to seduce customers that can be seen only in Vietnam

VietNamNet Bridge – In the context of the low market demand, manufacturers and service providers have to use original methods to attract customers.

Digital technology services lucrative, but uncertain

Vietnam is now witnessing the boom of Internet-based digital services, since investors can see the big potentials of the market. However, experts say the market is still like a bear garden due to the lack of a perfect legal framework.

Biofuel program: encouragement better than enforcement

Scientists believe that the government should encourage people to use biofuels instead of forcing them to do that.

Himalaya red-pine trees killed because "they can treat cancer"

Red pine (taxus wallichiana zucc) which only grows in Lam Dong province is one of the rare species with the highest 10 – DB III content, an active element that can turn into taxol used in making up the medicine for cancer treatment.

E-commerce: skipping Beta, marching towards 2.0 (Part 2)

Investors have poured money into the e-commerce market, a very promising type of business. However, they would have to encounter big difficulties.

Auto, motorbike production to be listed as high technologies?

The automobile and motorbike industries are not the subject to any investment encouragement policies. However, the government has been urged to change the current situation.