Vietnamese like Japanese kitchenware, even secondhand

Many Vietnamese would rather use Japanese second-hand home appliances rather than new Vietnamese products. As a result, electronic waste continues to be imported to Vietnam.

BUSINESS NEWS 12/7

Hanoi: 80 percent of new landed property supply located in the east

 

Chamber music concert features young talents

The Saigon Chamber Music ensemble will host the “Young Virtuosi Concert 2019” at the HCM City Conservatory of Music on July 13.

Vinasun appeals VCC’s conclusion on Grab-Uber merger

Vinasun has voiced its opposition to the conclusion of the Vietnam Competition Council (VCC) that the merger between ride-hailing firms Grab and Uber in the country showed no signs of economic concentration.

 

How are foreign retail giants performing in Vietnam?

Auchan has left the Vietnamese market. MM Mega Market and Big C have seen revenue decrease. But Aeon Mall and Lotte Mart continue to expand.

Trade Ministry transfers 11 debt-laden megaprojects

The Ministry of Industry and Trade has transferred the jurisdiction over State capital at 11 out of 12 loss-making megaprojects to the Commission for the Management of State Capital at Enterprises.

 

S. Korean, Chinese investors dominate tenders for North-South expressway subprojects

Tenders for building three sections of the North-South Expressway project have attracted a total of 27 investors, including 18 firms from South Korea and China.

 

Landslides cause traffic jam on highway in Lai Chau

Heavy rains in recent days have caused many landslides, especially on national highways, in the northern mountainous province of Lai Chau.

Binh Duong to host international three-cushion billiards event

The International three-Cushion Billiards Tournament will take place in the southern province of Binh Duong from Thursday to Sunday.

Vingroup sets up airline

Major local conglomerate Vingroup has established its own air carrier called Vinpearl Air with charter capital of VND1.3 trillion.

 

VN banks more vulnerable to shocks as leverage rises: Fitch Ratings

Vietnam’s banking system is becoming more susceptible to shocks as household leverage continues to increase, but near-term risk appears limited amid the benign operating environment and strong economic growth.

 

Eximbank chairman resigns after one month in the job

Cao Xuan Ninh, chairman of Vietnam Export Import Bank (Eximbank), has tendered his resignation after only one month in the job. The HCMC-based bank has been plagued with leadership disputes.

 

Transport Ministry defends North-South rail plan

The Transport Ministry has defended its proposal to spend US$58.7-billion on the North-South express railway project following the Ministry of Planning and Investment’s calculations that the cost would be less than half of this.

 

Northern border province struggles to stop people from working illegally in China

At the age of 71, Nong Ngoc S. had little rest as he took on the double duties of tending to the family’s crops and his grandchildren.

Children enter first grade, parents learn to read and write

Modern educators advise parents not to teach kids to read and write before they begin going to school.

Solutions proposed for demolished tomb of king’s wife in Hue

Thua Thien - Hue authorities have proposed two solutions to deal with the tomb of one of the wives of King Tu Duc (1847-1883) which was intentionally bulldozed by a construction company clearing the site to build a parking lot.

 

Vietnamese magician sets another world record

Magician Nguyen Phuong has broken his own world record set last year with a 10-minute-long performance in front of a high-tech 4D LED screen 16m in length.

HCM City takes unreasonably long to renovate old tenements

Three years after a five-year plan to renovate half of the 476 old tenements was announced by HCM City authorities, only a fraction of them have been refurbished or rebuilt, causing suffering to many people living in them.

Deputy PM Pham Binh Minh meets sponsors to discuss disbursement of ODA projects

Deputy PM Pham Binh Minh met with UN Resident Coordinator in Vietnam Kamal Malhotra, WB Country Director for Vietnam Ousmane Dione and Dutch Ambassador to Vietnam Elsbeth Akkerman yesterday to discuss the disbursement of ODA projects.

 

Hidden bas-reliefs unveil the early history of modern Vietnamese fine art

Hanoi's artists, from the past to the present, have long talked about two giant bas-reliefs on a wall hidden behind a row of houses at the Viet Nam Fine Arts University.

Seven tonnes of smuggled iron scrap seized in Vietnam

Members of the border guards in southern An Giang Province have seized seven tonnes of iron scrap smuggled from Cambodia to Vietnam.

EVFTA paves way for more catfish, shrimp exports to EU

VASEP Secretary General Truong Dinh Hoe says that catfish exports to the EU bounced back in the first months of the year thanks to efforts by processors to improve the quality of products and settle media problems.

Multi-level marketing firm investigated for scamming 36,000

The Supreme People’s Procuracy has arrested and commenced criminal proceedings against eight heads of the Thang Long multi-level marketing company for alleged fraudulent appropriation of assets.

Lam Dong restaurant fined VND80 million in food poisoning case

The People's Committee of Central Highlands Lam Dong Province has fined Hoang Vy Restaurant VND80 million (US$3,500) for its involvement in a food poisoning case that affected 136 local residents, the local authorities said on Tuesday.

AFF U18 Championship to held in HCM City and Binh Duong

The ASEAN Football Federation U18 Championship is scheduled to take place in HCM City and Binh Duong starting on August 6.