Fans rush to book last-minute tours to watch ASIAD football semifinal

 Travel companies in Vietnam are working at full capacity to serve the demands of fans hoping to watch their Olympic football team play live at the ASIAD semifinal match in Indonesia on August 29.

Fansipan in charming rice season

 In the last days of August and early September, the Fansipan landscape becomes a stunning natural painting with wonderful green rice steps on terrace fields that will win the heart of any visitor. 

Biodiversity protection promoted on Cham Islands

The Management Boards of the Cham Island Marine Protected Area (MPA) and the Dong Nai Biosphere Reserve site have agreed to a Memorandum of Understanding (MoU) on co-operation for information exchanges, protection of biodiversity, 

Technological application will help Vietnam cut administrative costs

 A report was recently released on the costs of administrative procedure compliance in Vietnam, known as APCI, helping to quantify the costs that businesses have to bear in order to meet existing regulations.

Park Hang-seo: “I will do my utmost to bring Vietnam into final”

 “I love my motherland and expect the best things for the Republic of Korea (RoK), but as the coach of Vietnam’s Olympic team at present, it is my obligation to wholeheartedly prepare Vietnam for the upcoming semifinal,” said coach Park Hang-seo.

Vietnam attracts over US$24 billion FDI capital in eight months

 Vietnam has attracted US$24.35 billion worth of FDI capital in the first eight months of this year, an increase of 4.2% over the same period in 2017, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.

Chinese, South Korean tourists flock to Central Vietnam

 Around 4.43 million tourists arrived in the central province of Quang Nam in the first seven months of the year, a year-on-year increase of 30.2 percent, according to the tourism sector.

The best-known transfer pricing cases in Vietnam

Nearly 38 percent of foreign invested enterprises (FIEs) reported losses in 2017, a significant decrease from the 50 percent seen in previous years. However, transfer pricing by FIEs remains a headache for management agencies.

MobiFone welcomes new director

 Mr. Nguyen Dang Nguyen was appointed as the new director of Vietnam Mobile Telecom Services One Member Limited Liability Company (Mobifone).

Kha Trang represents Vietnam to participate in Super Model International 2018

 Vietnamese model Duong Nguyen Kha Trang will represent Vietnam to participate in Super Model International modeling contest 2018 on September 3 in Thailand.

Central bank adamant on credit growth cap

 Local credit institutions might struggle more in the second half of the year, with some even having to downsize full-year profit targets.

Condotel licensing halt may lead to turbulence

 A rapid increase in supply and the lack of a legal framework in condo hotels (condotel) have forced some local authorities in coastal locations to consider a temporary suspension of licences for new projects in the segment. 

Wind power needs some tailwind

 Despite the feed-in-tariff for wind power not being as high as for solar power, numerous investors still expressed willingness to develop projects.

Accelerating billion-dollar investment commitments

 Billion-dollar investments are committed left and right at investment promotion events across Vietnam, but how many of these will come true?

Lax rules open doors for online fraud

 With the e-commerce market booming, the sales of counterfeit and prohibited products have become increasingly widespread.

Japanese firm acquires Fecon Mining

 Asia Pile Holding, through its member Phan Vu Investment Corporation, will purchase 20.91 million of FCM stocks, equivalent to 51 per cent of Fecon Mining JSC, the largest pre-stressed concrete pile producer in the north of Vietnam.

Scrutinising foreign ownership limit in Vietnamese airlines

 Controversy persists among the aviation sector’s major players over setting the foreign holding cap at Vietnamese airlines either at 49 or 30 per cent.

Call to relax regulations on the classification of ride-hailing firms

 Vietnamese experts are calling for regulatory bodies to relax regulations treating ride-hailing companies as taxi firms because some fear the consequences that could impact the development of new business models and technology advancements.

Diverging outcomes anticipated among listed petroleum firms

 Amid positive fundaments in the year’s second half, the opportunities are touted as dissimilar for listed petroleum firms dependent on their specific fields of operations.

Toyota to invest $500m in Uber in driverless car deal

 Japanese carmaker Toyota is to invest $500m (£387m) in Uber and expand a partnership to jointly develop self-driving cars.

145ha of forest land returned to national park

 VietNamNet Bridge – At least 145ha of land has been returned to Bu Gia Map National Park by local residents in the central province of Binh Phuoc, according to the local forest management board.

Social support vital to climate change recovery

Comprehensive and effective social support is a powerful tool for increasing resilience to shocks, helping vulnerable households build and diversify their livelihoods, skills and assets in response to climate change.

POSCO wins $72.33 million contract for Long Son Petrochemical Complex

 POSCO Engineering & Construction (POSCO E&C) recently said that it signed a KRW81.2 billion ($72.33 million) contract to lay the groundwork for Long Son Petrochemical Complex (LSPC) in Vietnam, according to newswire Yonhapnews.co.kr.   

Government News 28/8

PM orders ministries to ensure road traffic safety, Resolution to improve construction investment, Prime Minster signs directive on strengthening management of drugs, New Zealand Trade Ministry promotes partnerships with VN

Art & Entertainment News

 Three famous comedians reunite in TV series, Book explains oil-on-canvas for VN readers, Mahatma Gandhi Bust inaugurated in Hà Nội, Music festival to mark Vietnam-Japan diplomatic ties