Ex-VN Pharma officials on trial for smuggling cancer medicines

HCM City People’s Court on Monday opened a court trial related to the smuggling of cancer medicines and falsification of documents at HCM City-based VN Pharma Joint Stocks Company in 2013 and 2014.

BUSINESS IN BRIEF 21/8

 Vinausteel protests unfair land lease fee, Uber reduces fare gap in Ho Chi Minh City, Southern lottery companies bow down to Vietlott, CII sells stake to quench capital thirst

Central city begins open-top bus tours

 VietNamNet Bridge – The central city officially put into operation its first open-top double-decker bus tour, connecting the airport and 25 stops in the city, on Saturday.

VN’s first observatory to open in September

 VietNamNet Bridge – Nha Trang Observatory, the first of its kind in Viet Nam, will open its doors to visitors in September.

Kim wins gold in taekwondo poomsae at Universiade

Taekwondo artist Nguyen Thi Le Kim won a gold medal in the women’s individual poomsae (performance) event at Summer Universiade, the world student Games, underway in Chinese Taipei, on Sunday.

Central Group to reinforce Vietnamese investments

 Thai conglomerate Central Group will invest an additional $500 million to expand its operations in Vietnam within the next five years, aiming to set firm roots in this potential market, according to newswire Bangkok Post.

VN strives to reduce HIV infections despite funding shortage

 VietNamNet Bridge – Viet Nam has been striving to reduce the number of HIV infections and prevent outbreaks in high-risk communities despite a decline in international funding, 

Market analysts remain vigilant on market outlook

Stock analysts remain cautious on the market outlook this week in the context of a deficiency in supporting information as well as the weakening participation of foreign traders.

ODA disbursements rise in the year’s second half

 The disbursement of public investment and official development assistance-based capital through the end of the year is expected to reach government targets.

Ukraine central bank warns of new cyber-attack risk

The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June.

Capital for high-tech agriculture

High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for agricultural enterprises to expand production. 

More investment funds receive licenses as stock market thrives

The Thien Viet Fund Management Company (TVAM) of Thien Viet Securities (TVS) on July 28 organized a ceremony to celebrate the first anniversary of the TVGF fund, where it announced the establishment of the second TVGF - TVGF2 fund.

Dong Nai tests electric fence to protect elephants

 A 50km long electric fence has been put into operation on a trial basis to prevent wild elephants from wandering into residential areas in the southern province of Dong Nai.

Scientist invents firefighting material that reduces time, cost

A Vietnamese scientist has invented and successfully tested a firefighting liquid that can douse fire in one-tenth of a second, which will be a great help in controlling widespread blazes.

SEA Games 29: Vietnam wins gold in gymnastics

 VietNamNet Bridge – Vietnamese gymnastics athletes have obtained a gold medal for the team’s event at the ongoing SEA Games 29 in Kuala Lumpur, Malaysia.

Fairer sharing of economic benefits needed

 VietNamNet Bridge – ILO Viet Nam Country Director, Chang-Hee Lee, explains the impact minimum wage can have on the country’s economy.

Ex-Ocean Bank executives to be tried again this month

The first-instance hearing of Ha Van Tham, former chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank, Ocean Bank, and his accomplices will reopen on August 28, according to the Hanoi People’s Court. 

Experts: Waste-to-energy useful solution for Vietnam

 Energy production from solid waste in urban areas is forecast to increase by between 10-16 percent in Vietnam, heard a workshop in Hanoi last week.

SEA Games 29: Archer Chu Duc Anh wins gold for Vietnam

 VietNamNet Bridge – Archer Chu Duc Anh secured a gold medal in the men's recurve (one-stringed bow) for Vietnam at the ongoing 29th Southeast Asian (SEA) Games.

Philippine singer wins ASEAN+3 singing contest

 VietNamNet Bridge – Darlin Joy Bate from the Philippines overcame 27 other candidates to be crowned the first winner of the ASEAN 3 singing contest in the central province of Thanh Hoa on August 20.

SOM 3 and related meetings enter fourth working day

Working groups and sub-committees of the Asia-Pacific Economic Cooperation will continue discussions on issues of their charge in Ho Chi Minh City on August 21 as part of the third APEC Senior Officials’ Meeting.

Deputy PM demands tax hike reviews, experts beg to differ

Deputy Prime Minister Vuong Dinh Hue asked that the Ministry of Finance’s (MoF) controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.

PM’s visit to Thailand strengthens political trust: Deputy FM

 VietNamNet Bridge – Prime Minister Nguyen Xuan Phuc’s visit to Thailand was fruitful, with the two PMs discussing frankly cooperation in both bilateral and multilateral frameworks, 

APEC economies target good regulatory practices

The APEC Sub-Committee on Standards and Conformance convened its tenth Conference on Good Regulatory Practices (GRP) in Ho Chi Minh City on August 19-20.

Boon turns bane: titanium mining in Binh Thuan

Binh Thuan Province has reaped enormous economic benefits from titanium mining, but the industry has also damaged the environment badly, degraded the lives of local residents.