Vietnamnet
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Land in Hanoi old quarters as expensive as gold
The land price in old quarters is quoted at nearly VND1 billion per square meter, but few plots are available for sale.
Experts divided on recognizing bitcoins, Vietnam central bank says no
Hundreds of thousands of retail points in Japan are accepting payments in bitcoin for both online and on-the-spot transactions.
Finance Ministry wants 1% tax on transfer price in M&A deals
In an effort to prevent involved parties from evading tax by inaccurately declaring profits from M&A deals, MOF plans to tax one percent on the transfer price, to be applied to businesses, and one percent on income, to be applied to individuals.
Online tourism market called ‘new gold mine’
The fourth industrial revolution is expected to be a great opportunity for Vietnamese businesses to make a breakthrough in the online market, estimated to be worth US$9 billion by 2025.
Farmers struggle with low sales as more consumers buy imports
Ministries have had to hold meetings to discuss ways to rescue local farm produce as competition from imports continues to cut into sales.
Facebook account can be wiped out with just US$100 in Vietnam
Phony service providers are invalidating and closing Facebook accounts for VND2-3 million payments. The practice is being used against business rivals or for personal revenge.
Real estate market: magnet for foreign investors
Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector.
Fashion market large enough for both domestic, foreign brands
Some Vietnamese fashion brands are keeping calm amid the ‘foreign fashion wave’, saying they have advantages in the local market and with demand on the increase, the market is still large enough.
Vietnam banks surviving on credit
The net interest margin (NIM) of Vietnamese banks is lower than that of other regional banks, while financial reports show that the business performance of the banks depends heavily on credit.
Vietnamese chemotherapy drug reduces treatment costs by 60%
Pegfilgrastim, a chemotherapy drug made in Vietnam, is expected to hit the market in 2018.