Horse racing a non-starter in Viet Nam
(Aug 27, 2016)
In the last 10 years many foreign investors announced plans to
build a horse racecourse in Viet Nam, but none of them succeeded because
gambling is highly restricted in the country.
The nation's agro-forestry-fishery exports experienced a
year-on-year rise of 5.6 per cent to nearly US$21 billion in the first
eight months of this year, statistics from the Ministry of Agriculture
and Rural Development have revealed.
Tax authorities have been told to collect tax debts of
enterprises totalling VND23.5 trillion (over US$1 billion), or an 18.8
per cent year-on-year increase, by the end of July , the General
Department of Taxation (GDT) reported.
The southern province of Binh Phuoc will stop clearing natural forest
land for the planting of industrial trees with high economic value, the
provincial authority has announced.
A number of agreements on investment projects in wind
power, breeding and high-end resort construction, with a total capital
of nearly VND9.5 trillion (US$431.8 million) were signed in the south
central Ninh Thuan Province on August 27.
Agricultural enterprises in the Cửu Long (Mekong) Delta are facing
severe challenges as Viet Nam integrates more deeply into the global
economy, the director of the Viet Nam Chamber of Commerce and Industry's
(VCCI) Can Tho branch said at a meeting this week in Can Tho City.
In the first seven months this year, FPT Corporation recorded a
consolidated revenue and before tax profit of VND20.93 billion and
VND1.42 billion, equal to 93 per cent and 100 per cent of the
year-to-date guidance, respectively.
Local businesses have not been active in preventing and fighting
against counterfeit goods due to a lack of trust in management agencies
effectively resolving the issue.
The industry and trade ministry is drafting an action plan for lowering
logistics costs to touch 18 per cent of the country's gross domestic
product (GDP) by 2020.
Viet Nam's domestic demand is still on the path to recovery, ANZ Bank said in its Macro Strategy Weekly report dated August 26.
The Government has been asked to compel Taiwanese firm Hung Nghiep Formosa Ha Tinh Steel Co.
compensate losses incurred by locals when it released toxic water into
the ocean in April.