June 15, 2024
Illegal Vietnam gambling sites sponsoring sports teams in Europe
Gambling in Vietnam is illegal but is still rampant. There have been some attempts to legalise the practice, particularly sports betting, with guidelines for a pilot program legislated back in 2017, but no business has as yet taken up the opportunity. This is in large part due to very restrictive regulations that limit the size of a bet to VND 1 million or about US$42 and to just a handful of sports. A minimum capital contribution of VND 1 trillion or US$42 million is also required…
Vietnam looking at introducing sugar tax on soft drinks
Dubbed the ‘sugar tax’ this has been raised several times in the past. The American Chamber of Commerce in Vietnam came out against the idea back in 2018 arguing there was no evidence legislating a sugar tax would reduce consumption of sugary drinks. That said, a study on a similar tax in Mexico found that the consumption of sugary beverages fell 6 percent in its first year of implementation…
Petrol stations run dry in parts of Vietnam as falling fuel prices squeeze retailers’ margins, despite petrol dropping below US$0.76 per litre. Meanwhile, the
Financial difficulties at two major gym chains raise questions about consumer spending and household finances in Vietnam. Meanwhile, a Chinese contractor joins Vingroup’s US$3.9
Vietnam’s central bank moves to rebuild foreign exchange reserves despite mounting inflation pressures, raising questions about the government’s economic strategy. Meanwhile, reports of Vingroup-linked
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It