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Morning Digest
The Saigon Times Daily
Tuesday,  Aug 7, 2018,09:16 (GMT+7)

Morning Digest

The Saigon Times Daily

Wooden products of a Vietnamese enterprise are displayed at an exhibition in HCMC - PHOTO: HUNG LE

Domestic firms dominant in wood export

Domestic wood processing companies have overtaken foreign direct investment (FDI) enterprises in terms of export revenue. In previous years, FDI firms earned higher export revenue from wooden products than local processors, at certain times even accounting for 70% of the sector’s export turnover, said Nguyen Quoc Khanh, chairman of the HCMC Handicraft and Wood Industry Association (HAWA). He was speaking at a press meeting on August 6 to introduce a Government’s conference on orientations and solutions to the fast and sustainable development of the wood processing sector set to be held on August 8 in HCMC.

HCMC asks police to look into cryptocurrency scams

The HCMC government on August 6 asked the municipal police to investigate multi-level cryptocurrency scams, particularly a recent case involving the crypto mining firm Sky Mining, reported the local media.

Cameras could be fitted on transport business vehicles

The Transport Ministry has proposed a timeline for forcing the owners of transport business vehicles to install cameras in order to control the operations of such vehicles, according to a draft decree prepared by the ministry to replace the Government’s Decree 86/2014 on business conditions for road transport.

Collecting taxes from online sales seen a thorny problem

Although the Tax Departments of HCMC and Hanoi have made great efforts to urge individuals and organizations running online sales via social network platforms to pay taxes, the results failed to match their expectations. In reality, the tax collection is facing many difficulties, as online sales are diverse in terms of scale, selling and payment methods, local media reported.

Pepper prices tumble to 10-year low

Pepper prices in the Central Highlands have plunged to VND48,000-49,000 per kilogram, the lowest over the last 10 years, reported news website Vietnamplus.

Ten-digit mobile numbers not affected by network code shift

Ten-digit subscribers reportedly will not be affected by the next two network code shifts in mid-September of the year and July next year. The Ministry of Information and Communications previously launched a plan for switching mobile subscribers from 11 digits to 10 digits, which will take effect on September 15, 2018.

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