Neither increased investment in the State-owned sector nor the extraction of resources will be the country’s growth engine during the years to come.

The latest data from the General Statistics Office (GSO) reveals that State budget revenue for this year as at July 15 stood at VND584.6 trillion ($25.7 billion), equal to 48.2 per cent of the annual plan.

Da Nang has been chosen to host the first World Performing Arts Festival in 2018. The decision was made by the International Theatre Institute at its 35th World Congress held recently in Spain. 

A photo contest on the beauty of Vietnam which was launched on July 28 has received many entries from photographers capturing beautiful landscapes across the country.

Dong, Ha My, Gam Ghi and Hon Dam beaches have become new destinations for visitors who want to escape the hot city weather and enjoy the beauty of nature.

 To Van Dong, director of Hanoi Department of Culture and Sports has demanded performers must report to the authorities if they want to perform in Hoan Kiem District’s pedestrianised areas.

 Although Vietnam’s business community has been the backbone of the country’s market-based economy over the past decades, it has experienced its share of ups and downs.

Nguyen Le Minh Phu won a silver medal at the 13th Asian Schools Chess Championship, which concluded in Panjin City, Liaoning Province, China, yesterday.

 VietNamNet Bridge – Nguyen Huu Kim Son set a new national record in the men’s 1,500m freestyle event while swimming in the FINA World Championships, 

 VietNamNet Bridge – Viet Nam dominated the Southeast Asian Senior and Junior Rowing Championships, which concluded in Da Nang yesterday.

 Mozambican Prime Minister Carlos Agostinho do Rosario began his four-day official visit to Vietnam on July 31 at the invitation of Prime Minister Nguyen Xuan Phuc.

 Mobile service provider MobiFone was voted by mobile users as “the most excellent 4G service quality provider” in a recent survey by the International Data Group (IDG).

Ten commercial banks will have to sprint to be able to meet the Government’s listing deadline on the Unlisted Public Company Market (UPCoM) by the end of this year.

Vietnam is expected to become the EU’s largest trade partner in ASEAN once the EU-Vietnam Free Trade Agreement comes into effect in 2018, according to Minister of Industry and Trade Tran Tuan Anh.

The Ministry of Finance has refused to reduce tax rates for the coal industry, citing the fact that tax reduction is beyond the Government’s authority.

 The Ministry of Industry and Trade has advised enterprises to carefully study export regulations of the United Arab Emirates (UAE) when conducting business with firms there to avoid suffering losses.

 As the demand for imported beef soars, Australian exporters are strengthening their market share in Viet Nam, but the situation is fraught with risk, experts say.

The Investigation Security Agency under the Ministry of Public Security on July 30 decided to prosecute six people involved in the case of “Nguyen Van Dai and his accomplices trying to overthrow the people’s administration”.

 Demand for Vietnamese rice is expected to be stable in the third quarter of the year, Vietnam Food Association (VFA) Chairman Huynh The Nang has said.

 The Ministry of Transport has asked the central Government’s approval for privatisation of investments for restoration of infrastructure for the Da Lat – Trai Mat Railroad.

 Mongolia has suspended grain exports with as much as a third of its farmland suffering from severe drought after temperatures last month rose to the highest in more than half a century, 

 Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt market, 

The good performance of macroeconomic indexes has supported the strong rise of the stock market, which has experienced the best six-month period in the last nine years with growth rate of 14.4 percent. 

Six Vietnamese workers were killed when an oxygen tank exploded at the construction site of a hydropower plant in Laos’ Bolikhamsai Province, 

 VietNamNet Bridge – Cao Thị Ngan lost a son, but gained six other children to call her mother.