Indonesia's Garuda is canceling its $4.9 billion order for the Boeing 737 Max

 Indonesian airline Garuda said Friday that it's canceling a multibillion-dollar order for Boeing's 737 Max 8 passenger jet after the plane was involved in two deadly crashes in less than five months.

A farewell to art: Dao Anh Khanh and his grand finale

 VietNamNet Bridge – Stood erect in a valley some 50km from Hanoi are three sculptures made from concrete that resemble three giant penises.

Autos from Europe find narrow path into Vietnam: EuroCham

 Besides high import duties, completely-built-up (CBU) automobiles imported from Europe are also subject to strict requirements in Vietnam, leading to the shrinking of the market share of European CBU automobiles.

UK provides English course for Vietnam military officers

 The British Council in Vietnam has provided 17 officers of the Vietnamese People’s Army with an Academic English and IELTS preparation course, which is part of a training program funded by the UK Ministry of Defence.

Japanese fingerstyle guitarist Satoshi Gogo to perform in Vietnam

 Japanese fingerstyle guitarist Satoshi Gogo, who was the special guest in the Vietnam tour 2018 of Korean guitar prodigy Sungha Jung, will perform in Hanoi, Danang and HCMC early next month.

VN Oil & Gas Group clarifies US$584 million “bonuses” in suspended oil project in Venezuela

PVN noted in a statement today, March 21, that a participation bonus in the oil and gas sector it paid to Venezuela was not “commission money” but was in fact an amount of money a contractor must pay the host country when signing contracts.

VN Oil and Gas Group urged to speed up divestment from sensitive business areas

The Ministry of Finance has proposed PVN focus on expediting the divestment of domestic enterprises operating in sensitive business fields such as real estate, investment funds, securities and insurance, VietnamPlus news site reported.

VND4.2 trillion assigned for runway upgrades at Noi Bai, Tan Son Nhat

 The Ministry of Transport on March 21 asked the Government for approval to use VND4.2 trillion (US$181 million) to upgrade runways at Noi Bai and Tan Son Nhat Airports.

Health ministry asks Bac Ninh to stop tapeworm tests

 The Ministry of Health on March 21 requested the Bac Ninh government to direct the provincial Department of Health and local medical centers to stop conducting porcine tapeworm tests on children, the local media reported.

Vietnam’s local currency bond market increases by 9.3% y/y in 2018

 Vietnam’s local currency (LCY) bonds outstanding stood at VND1,180.5 trillion (US$51 billion) at the end of December, down 5.3% quarter-on-quarter, but up 9.3% year-on-year, according to ADB’s latest report of the quarterly Asia Bond Monitor. 

Hanoi moves to streamline administrative procedures

The trimming off of 34 administrative procedures in Hanoi`s industry and trade has translated into the reduction of 116 working days, saving about VND2.4 billion (US$103,200).

“Cities for People”: Danish model for Vietnam in rapid urbanization

 Given rapid urbanization, Vietnam is facing a series of problems that require large efforts to address, and “Cities for People” by award-winning Danish architect Jan Gehl would finally serve citizens in such cityscapes.

Hanoi to test 5G in 2019

 Director of the Hanoi Department of Information and Communications Nguyen Ngoc Ky stressed that Hanoi’s 5G network testing is considered a basis to promote the capital’s e-government infrastructure.

Vietnam under growing pressure to catch up with productivity of regional peers

 The gap between productivity level of Vietnam and regional peers has widened, placing growing pressure for Vietnam to catch up with those in the region, according to Vu Tien Loc, VCCI chairman.

Vietnam president warns of cadre qualifications ahead of Party congress

Competent agencies must be aware of the qualifications of state personnel before the 13th National Congress, which is slated for 2021, Secretary General of the Communist Party of Vietnam and President Nguyen Phu Trong has said. 

Warburg Pincus plans acquisition of Vietnam’s Grand Ho Tram Strip casino resort

Global private equity firm Warburg Pincus is said to be looking at acquiring Vietnam-based resort The Grand Ho Tram, DealstreetAsia reported.

South Korea’s SK Group to invest US$1 billion in Vietnam’s Vingroup: Bloomberg

 South Korea’s conglomerate SK Group, through its investment arm SK South East Asia Investment, has decided to invest US$1 billion acquiring shares of Vietnam’s leading privately run conglomerate Vingroup, according to Bloomberg. 

Hanoi launches Thang Long – Hanoi Volunteer Tour Guide Team

 Hanoi's Department of Tourism on March 22 organized a ceremony at the Temple of Literature to launch the volunteer team to support Thang Long – Hanoi tourism in 2019.

VN's Information & Communication Minister spotlights role of 5G at ASEAN Conference

 Minister of Information and Communication (MIC) Nguyen Manh Hung highlighted the role of 5G – the next generation of wireless technology – as the pillar of the digital economy at the ASEAN Conference on 5G in Hanoi on March 21.

Mountainous school struggles to deal with teen pregnancies and dropouts

 A school in the remote area of Thanh Hoa Province is still seeing a high number of drop-outs and teenage mothers among students from low-income families.

Canadian tourists lead clean-up of Quy Nhon beach

 A group of Canadian visitors have called on people to gather litter on a beach in Binh Dinh Province’s Quy Nhon City.

Da Nang International Fireworks Festival shortened

 The annual Danang International Fireworks Festival will be cut in half from two months to one this year according to local authorities.

Cold spell to hit northern Vietnam at weekend

 Another cold snap is forecasted to hit the northern region from March 23.

Vietnam's Momo e-wallet 10th most well-funded start-up in region

 Vietnamese start-up Momo was recently ranked as the 10th most well-funded tech start-up in the Asia-Pacific region by global information services firm CBInsights.

Vietnamese firms urged to go digital to keep competitive

 Vietnamese businesses have been urged to embrace digital transformation to remain competitive and enhance their value.