Business News

That is the response from the Vietnam National Shipping Lines (Vinalines) to a Bloomberg report claiming container shipping may need to grow at almost twice the pace of the last decade, which was reported at 10-12 per cent annually, to keep up with new, surging demand.

Minister of Construction Phạm Hồng Hà said at the time that the ministry would work with the Ministry of Natural Resources and Environment to complete regulations on condotels and officetels, but nothing has been issued.

After continuous debate and revisions, the National Assembly (NA) last week adopted the revised Law on Foreigners’ Entry into, Exit from, Transit through and Residence in Vietnam, which will take effect on July 1, 2020.

A series of policies on administrative penalties for violations arising in the monetary and banking sector, sanctioning of administrative violations in the field of competition, driver training, driving tests and issuance of driving licenses for road motor vehicles shall come into effect since December 2019.

The current seaport system in the delta has yet to meet ever-increasing import-export demand of localities in the region as most ports are located deep in the mainland, which means the channels leading to the ports are often silted up, making them difficult for large vessels to access.

Võ Trọng Việt, chairman of the NA Committee on National Defence and Security, said the amendments would make it easier for foreigners to stay in Việt Nam to learn about the market, and look for jobs and investment opportunities without wasting time and money on immigration procedures.

The city's People’s Committee has also directed authorities to propose further regulations on management and use of State-owned houses and land funds, along with regulations related to auction of land-use rights and land leases.

An employee whose working capacity is reduced or subject to extremely heavy, dangerous, or hazardous working conditions, or working at disadvantaged areas may retire sooner but not five years less than the regulations, unless otherwise provided by laws.