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Nón Sơn CEO explained a tax delay as a minor incident, with the company completing its payment after being named. This highlights ongoing challenges in corporate compliance and transparency amidst Vietnam's economic expansion.
The EU has removed Vietnam from its list of non-cooperative tax jurisdictions, citing progress in tax transparency reforms. While this improves Vietnam's international tax standing, the country remains under monitoring in Annex II, requiring businesses to continue monitoring compliance obligations.
The pedestrian bridge crossing the Saigon River in Ho Chi Minh City is scheduled to have its main structure joined on October 21. The approximately 720m-long bridge, with a total investment of nearly VND 1,000 billion, features a steel arch shaped like a water coconut leaf, a symbol of the South, and will provide a new pedestrian space in the city center upon completion.
Hong Kong police have busted an illegal high-interest loan operation led by a Vietnamese national. The ring allegedly lured victims through social media and charged exorbitant interest rates. Related investigations may extend to Vietnam.
Russia has issued a presidential decree allowing Vietnamese citizens visa-free entry for up to 30 days for tourism, family visits, and business purposes, effective October 15. This measure will be valid until October 15, 2027, aiming to boost bilateral tourism.
The Buon Ma Thuot Coffee Festival is set to be elevated to a national-level event by 2027. This initiative aims to enhance the international standing of Vietnam's coffee industry and promote the development of high-quality products, particularly green coffee beans meeting EUDR criteria.
Vietnam Customs held a meeting on October 12 in Lang Son province to announce the appointment of a Deputy Director for the Region VI Customs Sub-department. This appointment comes amidst a significant trade expansion in the region, with a 43% increase in import-export turnover, and intensified efforts against counterfeit goods and for economic security.
The Vietnam Farmers' Union honored 96 'Outstanding Vietnamese Farmers' to mark 40 years of the nation's 'Doi Moi' (Renovation) policy. These individuals have achieved remarkable economic success through large-scale farming and technological innovation.
Vietnam is prioritizing trainer development to enhance child protection in cyberspace. Over 100 police officers and teachers participated in a training program in Hanoi, aiming to improve their skills in risk identification, harm prevention, and emergency support for children online.
Quang Tri Province in central Vietnam is facing a high risk of flash floods and landslides tonight, October 12, due to heavy rainfall. Communities in Kim Ngan, Le Ninh, Truong Phu, and Truong Ninh communes are particularly warned. High soil saturation levels and localized downpours are expected to threaten lives and infrastructure.
Lang Son Province in northern Vietnam hosted a science and technology conference to promote a Politburo resolution on science, technology, innovation, and national digital transformation. The province has achieved notable results in digital transformation goals and related initiatives.
The Central Military Commission of the Vietnam People's Army convened to discuss a development plan for its cultural institution network, targeting the period from 2026-2030 with a vision towards 2045. The Minister of National Defense emphasized efficiency, digitalization, and consolidation for museums and cultural centers.
Vietnam's top leadership is strengthening efforts for national stability and development through participation in regional military organizations' commemorative events and the announcement of economic zone plans. Notably, the General Secretary and President attended a ceremony for a regional military command, while the Prime Minister announced economic plans, highlighting a dual approach from both military and economic fronts.
Vietnam Chemical Industry Group (Vinachem) has restarted a potash mine development and processing project in Khammouane province, central Laos, with an estimated investment of approximately $492 million. The project aims to produce 500,000 tons of potassium chloride annually and is expected to create over 600 jobs.
Five urban order collaborators in Ho Chi Minh City have been indicted on bribery charges for systematically collecting illicit 'protection fees' from cafes and parking lots. The group allegedly operated for over two years, extorting a total of VND 554.9 million (approximately $21,800).
Vietnam is pursuing multifaceted initiatives to attract international investment and strengthen domestic industries. Notably, through events like the Hardware & Hand Tools Expo and international forums on advanced fields such as AI and manufacturing, the country aims to elevate its position in global value chains. Securing energy supply and infrastructure development are also prioritized as urgent tasks.
A fisherman suffering from a bacterial skin infection was treated at a medical station on Da Da Island in Vietnam's Truong Sa Islands (Spratly Islands) in the South China Sea. The incident highlights the critical role of medical support systems in remote areas.
Bac Ninh City in northern Vietnam is accelerating land clearance for a key urban development project in Tam Son Ward. Following directives from the City People's Committee, the city is mobilizing its entire political system to achieve significant progress within a 20-day intensive period.
Vietnamese National Assembly Chairman Tran Thanh Man visited China, meeting with Premier Li Qiang and other officials. Both sides agreed to strengthen legislative cooperation and experience sharing, aiming to deepen ties between the Parties and countries. This underscores Vietnam's foreign policy prioritizing relations with China within its one-party system.
Several US states are tightening regulations on food additives, creating new compliance burdens for Vietnamese seafood exporters. California bans specific additives, Texas mandates warning labels, and Louisiana requires digital transparency, with differing state rules complicating export strategies.
Vietnamese National Assembly Chairman Tran Thanh Man concluded an official visit to China, holding talks with top officials including Zhao Leji, Chairman of the NPC Standing Committee. Both sides agreed to strengthen cooperation in trade, investment, infrastructure, and science and technology, aiming for further bilateral development.
Vietnam and Russia have agreed to enhance cooperation in the enforcement of criminal sentences, a move seen as part of broader efforts to strengthen bilateral legal and law enforcement ties. Vietnam prioritizes its relationship with Russia, viewing it as a key pillar of its foreign policy.
Vietnam's National Assembly Standing Committee convened to review draft laws, including amendments to the Housing and Real Estate Business laws. Emphasis was placed on addressing voter concerns and accelerating policy implementation to foster economic growth.
Vietnamese Prime Minister Le Minh Hung has ordered a significant overhaul of the nation's power plan, deeming secure electricity supply an urgent priority essential for achieving socio-economic development goals from 2026 onwards, crucial for sustaining double-digit economic growth.
Vietnam will co-host the Autumn Economic Forum with the World Economic Forum (WEF) in Ho Chi Minh City from October 27-28, 2026. The event will focus on AI, the digital economy, and sustainable manufacturing, aiming to enhance international investment and collaboration.
Vietnam is seeking to strengthen cooperation with US film, television, and digital content studios, enhancing intellectual property rights protection and legal frameworks. The Motion Picture Association (MPA) welcomed these efforts, agreeing to build a cooperative framework. This move signifies Vietnam's ambition to become an international content industry hub.
Vietnamese Prime Minister Le Minh Hung met with Luxembourg's Minister of Finance Gilles Roth, agreeing to strengthen cooperation in green finance, infrastructure investment, and financial technology. Hung urged increased Luxembourgese investment in Vietnam and the swift ratification of the EU-Vietnam Investment Protection Agreement (EVIPA).
The Vietnamese dong weakened against the U.S. dollar, mirroring a global trend of dollar strength. Escalating Middle East tensions and upcoming U.S. inflation data have made investors cautious, leading to higher dollar selling rates at Vietnamese banks. The State Bank of Vietnam also adjusted its reference rate downwards.
In Vietnam, the 'breadwinner' generation, burdened with supporting aging parents and siblings' debts, faces severe psychological strain. Experts warn of the underlying issues and propose solutions for this 'sandwich generation'.
Vietnam's Ministry of Home Affairs has released the 2027 public holiday schedule, featuring a seven-day break for the Lunar New Year (Tet), National Day, and New Year's Day. Private sector employers are offered options for Tet holiday arrangements.
Vietnam is encouraging increased participation from US businesses in its APEC Year 2027 activities, with a focus on infrastructure development and enhanced security cooperation. US companies have expressed their commitment to strengthening dialogue and cooperation, acknowledging Vietnam's socio-economic achievements and improving investment climate.
Popular YouTuber 'Già làng Tây Nguyên' (Tây Nguyên Village Elder), Do Thanh Tin, and his wife have been indicted in Vietnam for alleged activities against national security. Authorities cited concerns that their content could incite social division.
Vietnam is set to eliminate the requirement for neighbor signatures confirming boundary lines (giáp ranh) in construction permit and registration processes. This legal amendment aims to simplify procedures and reduce burdens on citizens, who have often faced delays and difficulties due to the inability to obtain these signatures.
Vietnam's Minister of Health, Đào Hồng Lan, has proposed to the Central Organization Committee the implementation of a special mechanism for managing and streamlining staffing in the healthcare sector, distinct from the general administrative framework. This move aims for more effective personnel allocation considering the sector's unique characteristics.
Nguyen Ngoc Thuy, known as 'Shark Thuy,' a prominent investor in Vietnam, has been indicted for alleged fraud within the Egroup education ecosystem. He is accused of misappropriating nearly VND 8.5 trillion (approx. $350 million) from over 10,000 individuals, sending shockwaves through the country's education sector.
In Dan Phuong commune, Hanoi, the "Dân vận khéo" (skilled citizen mobilization) movement is driving community development by adhering to the principle of "citizens know, discuss, act, inspect, supervise, and benefit." This model effectively leverages social resources through active citizen participation, enhancing the quality of life.