FLC Group proposes Tan Son Nhat Airport terminal investment

 FLC Group, the investor in newly-operated Bamboo Airways, has proposed investing in Terminal 3 at Tan Son Nhat International Airport.

Coal to dominate Vietnam’s power expansion: Analysis

 Coal-fired power generation is expected to increase rapidly in Vietnam over the next decade while hydropower and natural gas growth would slow down, according to a global research firm.

Transport ministry claims 60% of HCM City residents support motorbike ban

 A Ministry of Transport survey claims that more than 60% of residents in HCM City support the plan to restrict cars and motorbikes in the city centre.

Hanoi recalls lands for Formula One race

Hanoi authorities have recalled 12.68 hectares of land near My Dinh Stadium to build the road for Formula One race which will be held in the city in 2020.

Central Highlands gong culture space in pictures

The gong, a musical instrument native to the Central Highlands, is particularly popular in the five provinces of Kon Tum, Gia Lai, Dak Lak, Dak Nong and Lam Dong.

‘Mysterious’ bunker beneath Metropole hotel

Beneath the Sofitel Legend Metropole Hanoi lays a bunker that was used as a bomb shelter back in Vietnam wars dozens of decades ago.

Property developers eye emerging markets

 Distance is no longer a problem for property investors in and around HCM City thanks to improved transport infrastructure.

Shophouse demand soars in HCM City

 Demand for shophouses is soaring in HCM City with the mushrooming of small service establishments, experts said.

BUSINESS IN BRIEF 3/3

February’s industrial production index declines due to lunar New Year, Long holiday brings down Hanoi’s IIP in February, US , continues to be leading trade partner of Vietnam, Agro-forestry-fishery exports decline slightly since 2018

Room remains for credit growth

 Local banks posted positive business results for last year and see solid prospects for 2019 despite the SBV's policies on tightened credit growth.

Tourist scams hold back spearhead economy

 It is often said that you get what you pay for. But in this case, that price was far too high. A group of foreign tourists’ memories of Vietnam are almost certainly scarred after they were ripped off on the fourth day of the Lunar New Year.

Swallowing some snakes

 VietNamNet Bridge – Vietnamese cuisine is one of the country’s biggest tourist attractions, but there are some dishes you need a bit of courage to eat, like snake meat.

Man travels 7,000 kilometers to ‘hunt for plastic waste’, establishes Save Our Seas organization

VietNamNet Bridge - To record plastic pollution in the waters of Vietnam, Hung Lekima traveled 7,000 kilometers, including 3,260 kilometers of coastline, by motorbike.

New-generation tasks ahead for FDI in Vietnam

Phan Huu Thang, vice chairman of Vietnam’s Association of Foreign-Invested Enterprises, confirmed that hi-tech processing and manufacturing, smart agriculture, healthcare, and renewable energy will be the hottest sectors for FDI.

Getting logistics right

 While the world has been preoccupied with the explosive growth of China, relatively little attention has been paid in Australian business circles to another fast-growing market in the Asia Pacific region, Vietnam. 

Central Highlands gong culture space in pictures

The gong, a musical instrument native to the Central Highlands, is particularly popular in the five provinces of Kon Tum, Gia Lai, Dak Lak, Dak Nong and Lam Dong.

 

David Thomas: Ho Chi Minh, Vietnam in my life, my career

“I am one of the lucky ones but every day I wake up and wonder if my luck will run out. I have beautiful and normal children and now grandchildren but several of my friends in Vietnam have not been so lucky”.

 

VN records trade deficit of $84m in two months

 Viet Nam saw a trade deficit of US$84 million in the first two months of this year, according to the General Statistics Office (GSO).

Huge investment to touch down in Da Nang

 The central city aims to accelerate economic growth from 7.68 per cent to 12 per cent, while more drastic measures and administrative reforms are needed to turn the city into an as a destination to investment and tourism.

Banks, insurers boost bancassurance to get returns

 Banks and insurance companies are ramping up co-operation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.

Higher foreign ownership imperative, say banks

 Last August, Prime Minister Nguyen Xuan Phuc issued Decision No.986/QD-TTg on the Development Strategy of the Banking Sector.

DPRK club wins Vietnam Int’l Women’s Volleyball Tournament

 The 4.25 Club from the DPRK won the championship title of the International Women’s Volleyball Tournament – LienVietPostBank Cup 2019 after defeating LienVietPostBank team of Vietnam 3-0 (25-16, 25-14 and 25-15) in the final match on March 1.

Hanoi plans 40 sports for 31st SEA Games

 The 31st Southeast Asian (SEA) Games will have more sports than in the past, according to the Viet Nam Sports Administration.

Juventus VN academy director appointed Park Hang-seo’s assistant

Juventus Academy Việt Nam’s director Đinh Hồng Vinh has been named national team head coach Park Hang-seo’s assistant coach. 

Vietnamese cueist Nguyen qualifies for quarter-finals in S Korea

 Vietnamese cueist Nguyễn Quốc Nguyện has booked a ticket to the quarter-finals of the Carom Billiard three-Cushion - Survival 3C Masters tournament in Incheon, South Korea.