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According to the report, between 2009 and May this year, the police found 53.5 traffic violations and issued fines of VND24 trillion (USD1.1 billion); revoked 3.4 million driving licenses and detained 15.3 million vehicles. The report showed the number of private vehicles increased by 10-15% annually in the big cities of Hanoi, HCM City, Haiphong and Danang. By April this year, some 4.1 million cars and 60 million motorbikes were registered nationwide. Over the past decade, the country witnessed 326,299 road traffic accidents, killing 97,721 people and wounding 329,756 others. “Nearly 10,000 people in Vietnam die of traffic accidents every year on average with the majority of them of working age,” the ministry said. As many as 18,736 traffic accidents occurred in Vietnam in 2018, leaving 8,248 dead and 14,802 injured. The country has set a target to cut the number of traffic accidents, deaths and injuries by 5-10% this year. … [Read more...] about Traffic accidents kill nearly 100,000 people in Vietnam

Finally, as the standard of living is improving around Vietnam, the need for consumer durable loans and two-wheeler loans issued at the point-of-sale (POS) continues to grow steadily. FE CREDIT’s total loans at POS make up 9 per cent of the total loan book and grew nearly 10 per cent vs. the first quarter. It has captured the increase in market demand by boosting strategic partnerships with leading retailers who make up the bulk of the home appliances and two-wheeler sales in Vietnam. … [Read more...] about BUSINESS NEWS OCTOBER 11

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the US and Europe have the largest demands for tuna. A survey by US-based firm Tri Marine, which is now owned by Italy’s Bolton Group showed that canned tuna, which is a key export item of Vietnam, is favoured over other tuna products in the US market. … [Read more...] about BUSINESS NEWS OCTOBER 12

“India, a country with the world's second largest population, is now considered as a promising tourist market. Each year about 25 million Indians travel abroad and this trend has been increasing rapidly in recent years. However, the number of Indian visitors to Việt Nam is still small (over 130,000 Indian visitors to Việt Nam in 2018, while the number of Indian tourists to Thailand reached about 1.5 million). "- Ambassador Phạm Sanh Châu expressed his concern. … [Read more...] about Vietnam – India culture and tourism: Chicken lays golden eggs

Politburo member, Permanent Deputy Prime Minister Truong Hoa Binh, on behalf of the Political Bureau, read the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the socio-economic situation and the implementation of state budget in 2019; the socio-economic development plan for 2020; state budget estimate for 2020 and the finance-budget plan for 2020-2022. … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13

Experts said that SEEA is a framework that integrates economic and environmental data to provide a more comprehensive and multi-purpose view of the interrelationships between the economy and the environment, and the stocks and changes in stocks of environmental assets. SEEA provides criteria to build physical data on the environment, and link it with the monetary data in the System of National Account (SNA). … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13