Vinh Phuc resolute on refusing TAL Group's $350 million project

The Vinh Phuc People’s Committee submitted the fourth document asking the prime minister to refuse Hong Kong-backed TAL Group’s $350 million textile and garment dyeing project.   

Opposition to land for investment swops

 Hanoi Department of Planning and Investment has explained a decision to give investors 700 hectares of land in different locations in Hanoi in exchange for the construction of five roads with a build-transfer contract.

Northern Vietnam's flood death toll rises to 17

 At least 17 people have been killed, seven others injured and 11 remained missing in flash floods and landslides triggered by heavy rains between June 23 and 25 in some northern mountainous provinces.

Maestoso to hold free concert at St Joseph Cathedral

 Music group Maestoso will organize Cathedral Concert Series No.1 at St Joseph Cathedral in Hanoi on June 29, starting at 8 p.m., offering free concerts to the public and bringing a new and unique experience to Vietnamese musicians and audiences.

Iron, steel exports face most trade-defense lawsuits

 Vietnamese exports have been subject to an increasing number of protectionist measures overseas, and most of the trade-defense lawsuits have been filed against Vietnamese iron and steel exports, officials said.

Former forest protection department treasurer detained for embezzlement

The central Phu Yen Province police have launched legal proceedings against a former treasurer of Phu Yen Forest Protection Department for alleged embezzlement.

Thanh Hoa police bust online betting ring

 VietNamNet Bridge – Police in central Thanh Hoa Province busted an online football gambling ring worth nearly VND100 billion (US$4.3 million), arresting 11 people.

Breakthrough created in implementing National Single Window

 VietNamNet Bridge – Dinh Tien Dung, Minister of Finance, talks to the Hai Quan (Customs) newspaper about his ministry’s efforts to facilitate conditions for the nation to integrate internationally.

Government News 26/6

Vietnam, France look towards closer decentralised bonds, NA officials visit Canada to boost legislative ties, CPTPP approval, VN, France exchange experience in military engineering, Congratulations to new Egyptian Prime Minister

Social News 26/6

Families evacuated from landslide-prone area in An Giang, Book commemorating PM Phan Van Khai released, Regulation revisions needed to promote child labour eradication, Authorities salvage wrecked ships in Quảng Ninh

Vietnam exports first batch of fresh pork to foreign market

 Mavin Group has become the first business in Vietnam to officially export fresh pork to a foreign market when the first batch was shipped to Myanmar, a success of not only the company but also the country’s animal farming sector.

Northern Vietnam bracing for flood consequences

Heavy downpours and flooding over recent days have caused serious human and property damage in the mountainous provinces in the north, where Ha Giang and Lai Chau are suffering the most.

Data costs in Vietnam need further cuts to increase usage

 Statistics show that Vietnamese consumers use only about 1.9GB of cellular data on average each month, much lower than the regional countries of Laos, Cambodia, Thailand and Singapore where the amounts come in between 4.7GB and 8.5GB.

Nha Trang, Phu Quoc among US News' Top 50 beautiful beaches

 US news site includes two Vietnamese beaches on list for those planning their next summer vacation.

Japan supports Vietnam in drafting decree on implementing Paris Agreement

JICA has worked with the Vietnamese Ministry of Natural Resources and Environment to produce a draft decree guiding the implementation of the Paris Agreement on Climate Change, participants at a dialogue heard on June 24.

M&A market in HCM City hits US$2.5 billion in Jan-May

Capital contribution and share purchases by foreign investors via mergers and acquisitions in HCMC amounted to some US$2.5 billion during the year up to late May.

Transparency helps Vietnam banks draw foreign investors

Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested.

UPCoM capitalisation reaches three folds at HNX

 The capitalisation of the Unlisted Public Company Market (UPCoM) has rocketed over 100 times to reach VND656.4 trillion (US$28.8 billion) after nine years of operation.

Technology transfer though FDI channel weak

 Foreign invested enterprises play an important role in attracting and transferring technology, but the efficiency of the transfer work through FDI channels has not met expectations.

Health ministry makes slow progress with rule amendments

 Although the Government has ordered the removal and revision of unreasonable rules on food fortification with micronutrients, the Ministry of Health has been slow to act.

Legal review for Vietnam-EU FTA concludes

Vietnam and the EU have finished the legal review process for their free trade agreement (FTA) and reached agreement on the entire of the bilateral investment protection deal.

No “restricted areas” accepted in corruption prevention

 Delegates at the national conference on anti-corruption on June 25 all agreed that no “restricted areas and exceptions” are accepted in fighting corruption.

FDI registered for Vietnam exceeds $20 billion in H1

Vietnam attracted more than $20 billion in foreign direct investment (FDI) in the first half of 2018.

Millennium-old communal house named special national relic site

 The Chem Communal House, dating back more than 2,000 years and one of the oldest of its kind in Vietnam, in Bac Tu Liem district of Hanoi was awarded a certificate as a special national relic site on June 25.

Foreign investment funds target market for mothers and kids

VietNamNet Bridge - Vietnam is a promising $7 billion market for companies which provide goods and services for mothers and children.