FDI in HCM City shrinks dramatically

 Foreign direct investment (FDI) in HCM City is dwindling and cannot continue to drive the economy, Su Ngoc Anh, Director of the municipal Department of Planning and Investment, has said.

Bat Xat Fall Festival 2018 kicks off in Lao Cai

 The Bat Xat Fall Festival 2018 opened in Muong Hum commune, Bat Xat district of the northern mountainous of Lao Cai on August 19, offering visitors a series of ethnic tribal life experience and adventure activities.

Foreign currency lending to be abolished

 The Government has set a target for reducing foreign currency mobilization and ending foreign currency lending to fight dollarization, news website Thanh Nien reported, citing the Government’s Decision 986.

State-owned shipbuilder SBIC may lose over VND2.8 trillion

 The State-run Vietnam Shipbuilding Industry Corporation (SBIC) said in its first-half production and business report that the holding company may incur a net loss of more than VND2.8 trillion (US$124 million) in all of 2018.

Vietnam well placed to grow

 Professor Hidetoshi Nishimura, President of the Economic Research Institute for ASEAN and East Asia (ERIA), shares his thoughts with VET on Vietnam's economy past, present and future.

Farmers take losses in tilling rice

VietNamNet Bridge - Policies supporting rice growers remains ineffective as the production cost remains high.

Beach sports services attract fewer tourists

 Popular beach sports services in Danang City, particularly parasailing, kayaking and jet skiing, are seeing declining interest following a deadly accident involving two jet skis in early August and a ban on beach sports in Hoi An Town.

Roadside cafes - a characteristic of Hanoi

 Coffee is a popular drink across the world. People have different ways to enjoy coffee. Sitting at a roadside café and sipping a cup of coffee is common in Hanoi.

President Tran Dai Quang to visit Ethiopia, Egypt

 President Tran Dai Quang and his spouse are going to pay State visits to Ethiopia and Egypt from August 23 to 29.

VN Central Bank approves project on green bank development

 The State Bank of Vietnam (SBV) has recently issued Decision No.1604/QD-NHNN on approving a project on green bank development. 

ASIAD 2018: Vietnam at 13th place on first day

 As of 10 pm on August 19, Vietnam secured two bronze medals, ranked 13th in the medal tally of the 2018 Asian Games (ASIAD 2018), which officially kicked off the same day in Jakarta, Indonesia.

VN garment companies are selling better abroad

 Vietnam’s textile and garment industry is doing well abroad, but struggling at home, according experts.

Low-cost Thai, Indonesian autos flood into Vietnam

 Vietnam imported 1,287 automobiles of different kinds worth 31.3 million USD from August 3-9, 81 percent of them were from Thailand and Indonesia, according to the General Department of Customs. 

Experience unique nature in Van Ho

Moc Chau Plateau with endless evergreen tea hills and peach and plum blossoms whenever spring arrives is very popular with backpackers. However, there is another address for adventurers to discover if they want to explore more

BUSINESS NEWS IN BRIEF 20/8

Regional countries discuss digital technology, HCM City seeks to expand orchid market, Farm deal signals co-operation among VN firms, India investigates countervailing duties on VN’s steel               

Social News 20/8

 Da Nang steps up measures against dengue fever, Hanoi steps up inspections at private drugstores, Employees could work more overtime, HCM City adjusts height of building projects in district area



Convenience store openings increase steadily

The Vietnamese retail market, which had record-high revenue of $69.45 billion in the first half of the year, is witnessing a rush of convenience store openings. 

Scientists invent icemaker that uses sea water

Scientists at the Hi-tech Development Center, in an effort to help fishing boats reduce post-harvesting losses due to the lack of preservation equipment, have invented a machine which can make ice from sea water.

HCM City needs huge capital for flood-prevention programmes

As the local budget is limited, HCM City authorities have called for investment in 17 anti-flood projects under different investment modes.

Vietnam's auto market bounces back

 The Vietnamese auto market has begun to show positive signs after a period of stagnancy. 

New regulation adjusts limit on foreign investment in education

VietNamNet Bridge - Some limitations on foreign investment in education have been removed with the release of a new decree.

Local investors eyeing the globe

 Vietnamese enterprises increasingly seeking opportunities to invest overseas.

HCMC’s renovation of old condo buildings makes slow progress

 Faced with the slow progress of attempts to rebuild and renovate old condo buildings, the HCMC government has urged the relevant local departments and districts to expedite work at 15 condo buildings that are severely deteriorating.

Vietravel to operate charter flights to Myanmar

 Local tour operator Vietravel will conduct charter flights for tourists from HCMC to visit Myanmar in October and November this year. This is the first time the travel firm has launched this service on the HCMC-Myanmar route.

ODA loans from China merit second thoughts: ministry

 Vietnam should reconsider official development assistant (ODA) loans from China in the days ahead as this source of funding comes with several conditions and a higher interest rate than loans from other countries.