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The most notable tech startups in Vietnam in 2017
Many technology startups that called for capital in 2016 are expected to be even more successful in 2017.
Hue Temple of Literature
In Hue, the old capital of Vietnam, the Temple of Literature (so-called Van Mieu Hue or Van Thanh) majestically lies on the bank of Perfume River, to the west of the Citadel, just 1km from prestigious Linh Mu pagoda.
Stock assets of 500 richest billionaires reach US$7.3 billion
The 2016 list of stock billionaires showed big changes compared with the 2015 list. Many new faces are on the list, while Pham Nhat Vuong, who topped the 2015 list, fell to number two.
Foreign websites don’t pay tax in Vietnam
Agoda.com, Booking.com, Hotels.com, Expedia.com and similar websites are believed to be pocketing trillions of dong from doing business in Vietnam, but they have not paid any dong in tax.
Vietnam-US direct air routes may begin in 2018
In first quarter of 2017, the US Federal Aviation Administration (FAA) will send staff to Vietnam to assess Civil Aviation Authority of Vietnam’s (CAAV) safety supervision capability in preparation for Vietnamese air carriers to open direct air routes to the US,with no transit in third countries.
Railway investment lags far behind road expenditures
The modest investment in railways in the last 100 years, as well as high management costs and ticket prices have pushed the railway sector into an impasse.
Six inspection teams set up for food safety in Tet holidays
Head of the Vietnam Food Administration (VFA) under the Ministry of Health Dr. Nguyen Thanh Phong on December 27 said that six inspection teams will be set up for food safety in Tet holidays (the Lunar New Year) and festive season 2017.
Vietnam’s pharmacy industry attractive to foreign investors
Pharmacy firms are making good profits, with the market expecting a stable growth rate of 10%-15%.
Hot cash flow in the real estate market in 2017
A report of the State Bank’s HCMC Branch showed that 22% of overseas remittances goes to the real estate sector, 72% to production and business and the remaining to other fields.
Food processing industry in Mekong Delta still not attracting investors
Though it is the country’s biggest granary and fishery area, exporting $30 billion worth of products each year, the Mekong Delta still cannot attract major investments.