Natural disasters cause damages of VND2.5 trillion for VN

 Natural disasters have caused total losses of some VND2.5 trillion (US$107.8 million) so far this year, heard attendees at a conference on natural disaster prevention and control in southern Vietnam.

Storm Son Tinh prevents cruise ships from visiting Vietnam

 The number of tourists coming to Vietnam by sea in July has declined by an estimated 74.6% as Tropical Storm Son Tinh struck coastal provinces from Thai Binh to Ha Tinh some 10 days ago.

Agritourism in HCMC faces bumpy road

 HCMC authorities have sought to find farms which could be turned into tourist sites, in a bid to increase the incomes of farmers. However, many farmers have said they would find it difficult to offer tourism services.

Direct air service on Vietnam-LA route discussed

 Vietnam and the United States are discussing a plan to launch direct air links between the two countries. Los Angeles is being considered the first destination for air services, according to the Ministry of Transport.

Da Nang spends $9.45 million on coastal waste treatment

 Authorities of the central city of Danang plan to build a system of drains for coastal wastewater in Ngu Hanh Son District.

ThaiBev’s representative appointed Sabeco general director

Singaporean businessman Neo Gim Siong Bennett will take over as general director of Sabeco from August 1, 2018, marking the control of ThaiBev over Vietnam’s largest brewer.

HCM City tightens regulations over pavement usage

 The Department of Transport in HCM City has issued new draft regulations on the using of pavements which states that pavements less than 1.5 metre-wide and narrower will be reserved for pedestrians.

Five short films projects funded

 Five excellent short film projects will receive funding of VND200m (USD8,000) each from the CJ Cultural Foundation Korea and CJ CGV Vietnam during the first CJ Short Film Project which is being held from June 15 to November 16 in Vietnam.

My Parking app available in HCM City

 The My Parking app, which collects automobile parking fees via drivers’ smart devices, will be used on 23 streets in HCM City beginning on August 1, according to the HCM City Department of Transport.

VN stock market to touch 980 points in August

  Vietnamese shares are expected to go up in August as investors look forward to listed companies’ earnings prospects in the remaining five months of the year, especially banks and financial firms.

Decree amendments open paid TV firms to foreign investment

 Foreign investors may soon be able to buy shares at companies providing paid radio and television services.

VN among top 3 regional destinations for Singapore companies: HSBC study

 Viet Nam is among the top three investment destinations in Southeast Asia for Singapore-based companies in the next two years, according to an HSBC study released on July 26.

Tourism booming but stock market takes little notice

 VietNamNet Bridge – At the close on July 20 the share price of Tay Ninh Cable Car Tour Joint Stock Company (TCT) stood at VND67,000, slightly up for the year but with a gain of 40 per cent from a year ago.

VN China’s top ASEAN trade partner

 Viet Nam has for the first time ever become China’s biggest trade partner in the ASEAN bloc, with two-way trade hitting over US$10 billion for every month of 2018.

VN enterprises urged to meet requirements of Japanese manufacturers

 Vietnamese enterprises need to improve their capacity to produce raw materials, components and machines of high quality to meet requirements of Japanese manufacturers in the country, experts said at a meeting held in HCM City last week.

US continues to be key export market for Vietnam

 The US has maintained its leading position as Vietnam’s largest export market having spent US$21.6 billion on Vietnamese products in the first half of the year, accounting for 19 per cent of the country’s total export value as of July 15.

Cashew businesses lack capital to continue operation

 Shortage of capital is hampering the operation of many small cashew factories in Viet Nam.

Moody’s: Vietnam’s banks show diverging capital profiles

 The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service says in a recent report.

List of websites violating e-commerce rules to be published

 The Ministry of Industry and Trade (MoIT) plans to publish a list of e-commerce websites and mobile applications that violate laws and regulations on online trading.

Vietnam mulls solutions to encourage organic agriculture

VietNamNet Bridge - The legal framework on supporting agricultural enterprises to shift to organic production has been set up, but this is not enough to kickstart the industry.

Closed trial for Vu case permissible under law

Vietnam News Agency talks to Dinh The Hung PhD, Head of the Criminal Law Department at the Institute of State and Law, Vietnam Academy of Social Sciences, about cases in which the court may permit a closed trial 

Photo exhibition features soldiers' life in Truong Sa archipelago

A photo exhibition themed "Truong Sa trong ta" in Hanoi on August 3-7 in Hanoi will give viewers an insight into the life of people and soldiers in Truong Sa (Spratly) archipelago.

HR Business Lead Mondelez Kinh Do Vietnam: Grow people to grow business

Ms. Nguyen Thi Tuong Van, HR lead of Mondelez Kinh Do VN shares with VietNamNet about the importance of human resource strategy and building corporate culture in the development of Mondelez in Vietnam.

VAMC helps bring ratio of non-performing loans to under 3 percent

 The ratio of the non-performing loans (NPLs) at commercial banks fell from 3.61 percent at the end of 2013 to 2.18 percent at present, according to Chairman of the Vietnam Asset Management Company (VAMC) Nguyen Tien Dong.

Government News 30/7

Moroccan ambassador highlights ties with Vietnam, Vietnam, Netherlands hold potential for stronger cooperation, Ambassador lauds growing Vietnam-Switzerland relations, Vietnam congratulates Cambodia on successful election