- Ministry of Industry and Trade assigned EVN to propose building new power lines, increasing electricity imports from Laos

The Ministry of Industry and Trade has assigned the Vietnam Electricity Group (EVN) to propose in December the deployment of a new transmission line from Laos to Vietnam to call for investment to increase the capacity of importing electricity from Laos. That was the direction of Minister of Industry and Trade Nguyen Hong Dien at the Conference to promote cooperation in coal trading between Vietnam and Laos held on December 9, with the participation of representatives of the Lao Embassy in Vietnam and a number of businesses operating in the field of mineral exploitation of Laos (according to Thanh Nien).

- Minister of Industry and Trade requests to promote official exports to China

On December 9, the Ministry of Industry and Trade held a conference to promote economic and trade cooperation between the northern border provinces and China. Leaders of the industry and trade sector requested that provinces and cities across the country, especially border provinces, urgently review and re-plan planting and farming areas and reorganize production and processing according to the Official Export Project. "All localities must effectively implement the Official Export Project developed by the Ministry of Industry and Trade and approved by the Government," the Minister emphasized. (See more)

- Many goods and services must declare prices according to the new proposal.

The Ministry of Finance is seeking comments on the draft Decree detailing and implementing measures for a number of articles of the Law on Prices. The Law on Prices (amended) was passed by the 15th National Assembly at its 5th session in June 2023. In the draft, the Ministry of Finance clearly proposes the types of goods and services that must declare prices. Accordingly, accommodation services; vehicle parking services invested with non-state budget capital; and sightseeing services at tourist areas in the area will have to declare prices locally (according to Nguoi Lao Dong).

- Propose to manage contract vehicles, increase sanctions for badge revocation

The Ministry of Transport has just completed and submitted to the Government a draft Decree amending and supplementing a number of articles of the decrees related to the management of automobile transport activities (amending Decree 10/2020/ND-CP). According to the Draft, passenger cars, contract cars, and tourist cars that violate related regulations will be subject to the sanction of badge revocation and will be forced to return the badge within a 30-day revocation period and 45 days for recidivism within 6 months. In case of business license revocation, if they do not comply, the vehicle registration will be refused and the revocation period will be doubled (according to Tien Phong).

- From December 11, tourists with passports can go through Bac Luan 2 border gate.

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Bac Luan 2 border gate will allow visitors to use passports and border travel passbooks to pass through.

The People's Committee of Mong Cai City, Quang Ninh Province, said that from December 11, people and tourists with passports and travel books will be allowed to clear customs through Bac Luan 2 border gate. Previously, this border gate only exported and imported goods. As for Mong Cai International Border Gate, the customs clearance time and types of passengers will not change. (See more)

- Wind power enterprises caught in debt spiral, risk of selling trillion-dong factories

Some wind and solar power enterprises said that up to now, they are still facing many difficulties in extending their investment policies, due to procedures related to land and site clearance. Enterprises are at risk of having to sell power projects worth up to thousands of billions due to mechanism problems (according to Lao Dong).

- District market worth nearly 40 billion VND, only 3 small traders stay

Despite being invested in synchronously and conveniently, Pong Drang district market (Krong Buk, Dak Lak) only has 3 small traders staying. Meanwhile, the old market nearby should have closed but failed. (See more)

- Buying gold and storing it in a safe, the newlyweds earned nearly 4 million VND/tael in profit.

After getting married, the young couple used their wedding money to buy gold to store, earning nearly 4 million VND/tael. Domestic gold prices continuously hit new highs, customers rushed to sell gold. (See more)

- Delaying departure of business leaders whose projects 'forgot' the pink book

The Hanoi Tax Department said that it has coordinated with the Immigration Department - Ministry of Public Security to temporarily suspend the exit of the legal representative of Hoang Ha Construction Company Limited, the investor of the project 79 Thanh Dam, Hoang Mai District, Hanoi. This company took advantage of the people's trust to deliberately violate the law on capital mobilization by collecting 90-100% of the house value without handing over the apartment ownership certificate (pink book) (according to Tien Phong).

- Mr. Tran Dinh Long's son is getting richer.

In early November, Mr. Tran Vu Minh spent 1,049 billion VND to buy a total of 42.89 million HPG shares from his father (Mr. Tran Dinh Long) and mother (Ms. Vu Thi Hien). After only 1 month, the asset value of Mr. Tran Dinh Long's son increased by 114 billion VND when the price of HPG shares increased. With assets exceeding 3,700 billion VND, Mr. Tran Vu Minh joined the ranks of wealthy young people on the stock market and is only behind Mr. Ho Anh Minh, son of Mr. Ho Hung Anh - Chairman of the Board of Directors of Techcombank (according to Dan Tri).

- Which bank is paying savings interest rates above 6%?

At this point, there are not many banks that list online deposit interest rates for ordinary customers above 6%/year. According to statistics, there are currently only 12 banks maintaining deposit interest rates from 6%/year, including: LPBank, HDBank, SHB, OCB, VietBank, KienlongBank, VietA Bank, NamA Bank, PVCombank, NCB, BaoViet Bank and TPBank. (See more)

Gold price today, December 10, on the world market fell to nearly 2,000 USD/ounce after reaching a record high. Domestic gold price is around 74 million VND/tael.