Mu Cang Chai in harvesting season

September is the season when the rice-terraced fields are turning yellow and are ready for harvest in Mu Cang Chai. The place has become a magnetic attraction enchanting any visitor who has ever been there during the season of grain.

BUSINESS NEWS IN BRIEF 26/9

Vietnam records nearly 5.6 billion USD in trade surplus, Da Nang proposes early building of Lien Chieu port, Minister: Economic shake-up crucial for fulfilling socio-economic targets, Vietnam’s GDP predicted to grow by 6.7% in 2018

Social News 26/9

 Three workers injured in construction site fall in HCM City, Gov’t raises credit loan for clean water construction, Quang Ngai authority imposes four thousand dollar fines on food safety violation

State funeral for President Tran Dai Quang begins

 The State funeral for Tran Dai Quang, Politburo member and President of the Socialist Republic of Vietnam, began at the National Funeral Hall, No.5 Tran Thanh Tong, Hanoi on September 26.

Multi-disciplinary universities to become ‘iron fist’ of tertiary education

While state-owned general corporations are considered the ‘iron fist’, or the major motive force in Vietnam’s economy, multi-disciplinary universities should take over that role in Vietnam’s tertiary education.

Sugar producers face bankruptcy

 Many local sugar producers are facing bankruptcy as the prices of sugar products are low, resulting in high sugar inventories and hefty losses, and worse still, the smuggling of sugar from Thailand into Vietnam has also been rampant.

Hanoi opens doors to smart city future

 Amid growing interest from domestic and international businesses, Hanoi will create new opportunities for private investors to join public service projects as a way to raise funds for its ambitious smart city development plans.

Where has the money gone after landmark stock issuances?

 While M&A is a popular strategy to mobilise capital, the outcomes of these deals get far less attention a couple of years down the road. Khac Lam delves into the most eminent cases in the Vietnamese stock market.

Vinasun’s lawsuit against Grab suspended again

 The HCMC People’s Court today, September 24, once again suspended the lawsuit of traditional taxi firm Vinasun against ride-hailing firm Grab, demanding noncontractual compensation, as proposed by Grab, reported news website Vietnamplus.

Energy labels may be required for motorcycles

 A draft circular on energy labeling requires motorbike manufacturers, assemblers and importers to place an energy label on brand-new motorcycles. The action will be voluntary throughout 2019 but will be mandatory by January 1, 2020.

Draft law bans online alcohol sales

 A draft law on the prevention of and fight against damage caused by excessive consumption of alcoholic beverages, prepared by the Ministry of Health, bans liquor sales over the internet and through vending machines.

HCMC to compensate some affected residents of Thu Thiem by end-Nov

 The HCMC People’s Committee has plans to compensate for damage suffered by households located on 4.3 hectares of land outside the approved boundaries of the Thu Thiem New Urban Area by November 30.

All socioeconomic targets for 2018 likely to be met: official

 All 12 socioeconomic targets for the year assigned by the National Assembly are expected to be achieved, said an official from the Ministry of Planning and Investment at a teleconference today, September 24.

FDI might divert from Vietnam to Myanmar, Indonesia: ministry

The leader of the Ministry of Planning and Investment voiced concerns at a teleconference on September 24 that FDI inflows to Vietnam would not rise in the coming period with the recent emergence of Myanmar and Indonesia as competitors.

Vehicles with expired registration likely to be confiscated

 After gathering information from vehicle registration centers, Vietnam Register said some 19,300 vehicles across the country will be forced off the road by early 2019 due to their expired and overdue registrations.

HCMC authorities to handle long-stalled projects

 The HCMC government has asked the relevant departments and agencies to present solutions for restarting projects that have been suspended for a long time, reported Nguoi Lao Dong newspaper.

Minister confirms teacher shortages

 VietNamNet Bridge – Education minister Phung Xuan Nha on Monday stood before a committee hearing at the National Assembly to explain a shortage of thousands of teachers nationwide.

Traces of early humans found in Tuyen Quang

 VietNamNet Bridge – Scientists have found various traces of early people living 4,000 years ago in some caves in the northern province of Tuyen Quang.

Popular Vietnamese pianist Quang to perform in Hanoi

Renowned Vietnamese pianist Luu Hong Quang, who has won many international piano competitions, will perform as an invited artist at piano series No.3 Évolution that will be held at Hanoi Opera House on October 3.

Japanese designer debuts unique collection in Hanoi

 Japanese designer Junko Koshino launched her new collection at a Hanoi fashion show on September 23 as part of "Japan day - Fullmoon Festival", as part of the celebrations of 45 years of diplomatic ties between Vietnam and Japan.

Vietnamese beauty queens’ Miss World success through the years

 Do My Linh winning the Beauty with a Purpose title and Lan Khue finishing in 11th place are some the great achievements of Vietnamese representatives at the Miss World pageant.

Looking back on President Tran Dai Quang’s state visits

 President Tran Dai Quang had paid state visits to many countries in the world to foster cooperation between Vietnam and international friends.

Laos holds two-day state mourning for President Tran Dai Quang

 Laos will hold a two-day state mourning for Vietnamese President Tran Dai Quang on September 26 and 27, the Lao Prime Minister's Office announced on September 24.

Kien Luong 1 thermal power plant demands compensation

 After Kien Luong 1 thermal power plant was removed from the Revised National Power Development Master Plan VII, Tan Tao Energy JSC (TEC) requested the government to either pay compensation or add the project to the National Power Development Plan.

Minh Phu now one of world’s largest seafood companies, to list on HSX

 Undercurrent News has just announced the world’s 100 largest seafood companies, including Minh Phu Seafood JSC (code: MPC)—the only company of Vietnam in the top 50—which climbed 12 steps to the 41st position.