EC to review yellow card against Vietnamese fisheries in early 2019

The EC has taken note of Vietnam’s efforts in addressing illegal, unreported and unregulated fishing and its inspectors will return to Vietnam in January next year to review progress in addressing its ‘yellow card’ warning.

Court upholds sentence against Dinh La Thang in OceanBank case

The High-Level People’s Court in Hanoi on June 26 upheld the charges and sentences against Dinh La Thang and five of his accomplices in the case involving PetroVietnam’s contribution of VND800 billion to OceanBank.

US to early recognise Vietnam’s rules on catfish management

 The US Department of Agriculture (USDA) is working hard with a view to early recognizing Vietnam’s regulatory system on catfish management to be equivalent to that of the US, said first Deputy Secretary of USDA Stephen Censky. 

Watching the sun com up on the Cape of Dien

 VietNamNet Bridge – The Cape of Dien is a must-see destination in the central province of Phu Yen as the sun rises over the sea.

BUSINESS IN BRIEF 27/6

Mumuso’s tax code identical to another Vietnamese company, AgroViet 2018 on horizon, Universal Robots introduces two new tech platforms, Xuan Cau teams up with B.Grimm in $400mn solar project

Developing consumer finance in VN – a road full of pitfalls

VietNamNet Bridge - The rapid growth of the consumer finance market reflects the high demand in the market. However, there are still barriers, including high interest rates and limited risk management capability of service providers.

HCM City sorely lacks reading spaces for kids

VietNamNet Bridge – In summer it is a common sight to see children reading books at Kim Dong Book Centre in District 1, one of the few good spots for them in HCM City.

The dark side of the agricultural industry: untreated waste

VietNamNet Bridge - At the Lagos Conference in 2016, Vietnam was reported as ranking 10th worldwide in air pollution. 

Local IT firms struggle to attract talent

VietNamNet Bridge - A manpower shortage is affecting the development of the IT (information technology) industry. 

Investors complain about losses from wind power investment

VietNamNet Bridge - Coal-fired power causes pollution, but hydropower potential and wind power have not been fully exploited in Vietnam. 

Bringing rocks to life with a lick of paint

VietNamNet Bridge – Dau Quang Thanh’s skill of painting on rocks has earned him the nickname, Thanh The Rock.

International collaboration brings hope to Vietnamese feet

Forty-five successful surgeries in the last two weeks and 100 more patients to go – this is what the American Orthopaedic Foot and Ankle Society has achieved so far in its seventeenth collaboration with the Viet Duc Hospital.

Weak Starbucks may allow Trung Nguyen to regain footing

Vietnamese coffee giant Trung Nguyen may have an opportunity to recover its domestic business as US-based Starbucks has just announced the plan to close 150 stores next year. Maybe some stores in 

Craig Thomas Gallery holds exhibition celebrating ninth anniversary

 Craig Thomas Gallery in HCMC’s District 1 will hold the exhibition “Ninth Anniversary Show” from June 29 to July 20, 2018.

UN selects Vietnam as training site for peacekeeping forces

 Vietnam is among four countries in Southeast Asia selected to be the training sites for the UN peacekeeping forces, with the first training course to be held in Vietnam at the end of this year. 

UN Habitat willing to work with Vietnam in handling plastic waste

UN Habitat is willing to cooperate with Vietnam in urgent issues such as plastic waste and preservation of ancient cities, said Maimunah Mohd Sharif, UN Under Secretary-General and Executive Director of the UN Habitat.

US officials reiterate respect for all-round ties with Vietnam

 Senior US officials affirmed that their country attaches importance to the friendship and comprehensive cooperation with Vietnam while meeting with Deputy Prime Minister Vuong Dinh Hue in Washington DC on June 25.

Vietnam to participate in US-hosted RIMPAC exercise for the first time

 The Defence Ministry will send eight naval officers to participate in the Rim of the Pacific Exercise (RIMPAC) in Hawaii, the United States from July 1 – 31 at the invitation of the Commander of the US Navy’s Pacific Fleet.

Japan's Sojitz buys Vietnam’s Saigon Paper

 Japanese trading house Sojitz has purchased Vietnam's Saigon Paper for about 10 billion JPY (91.2 million USD), inking a deal to tap the fast-growing demand for cardboard and tissue paper in the Southeast Asian country.

Vietnam launches over 1 million carbon credits to international market

Vietnam has launched more than 1 million voluntary carbon credits from household biogas plants to the international market as part of the Biogas Programme for the Animal Husbandry Sector in 2016-2020. 

UNDP Administrator Achim Steiner visits Vietnam

 Achim Steiner, Administrator of UNDP and Vice Chair of the UN Sustainable Development Group, began a two-day visit to Vietnam on June 26.

Court hearing opens on $2.2mil. Eximbank appropriation case

 The first instance court hearing of Nguyen Thi Lam, former officer of Eximbank’s branch in Nghe An province who appropriated VND50 billion ($2.2 million) from customers, and 15 other defendants starts today after two postponements.

Mobile number portability opens doors to ‘sniping’ mobile subscribers

Mobile number portability (MNP) will create a new battlefield for domestic mobile operators from as early as 2019, putting even more emphasis on service quality and network stability. 

FDI into Vietnam approximates $10 billion in five months

 Total foreign direct investment capital poured into new and exsting projects and used to contribute capital and buy shares in domestic companies reached $9.9 billion in Jan-May, down 18.3 per cent year on year.

Tran Anh flounders after Mobile World merger

 Balance of supplies may be a problem for Mobile World after seizing Tran Anh Digital World JSC (code: TAG), causing losses to the latter and killing interest in its stocks.