APEC SOM 3 to host most events

 As many as 2,600 delegates will make it to the third APEC Senior Officials’ Meeting and related meetings (SOM 3) expected to open in HCM City next Friday, the Ministry of Foreign Affairs (MoFA) has announced.

Hotels, resorts thrive as travelers flock to Vietnam

The competition in the market is heating up and luxury hotel developers are struggling to scramble for clients. Still, the market is large enough thanks to the increasing number of travelers to Vietnam.

Vietnam Fatherland Front leader meets top legislator of Laos

President of the Vietnam Fatherland Front (VFF) Central Committee Tran Thanh Man had a meeting with Chairwoman of the Lao National Assembly Pany Yathotou on August 11 as part of his working visit to Laos. 

Sponsors promise awards for gold medalists at SEA Games 29

As many as 100 43-inch smart TVs, worth over $70,400 in total, will be awarded to Vietnamese gold medalists at the SEA Games 29 to take place in Kuala Lumpur, Malaysia, from August 19-30. 

PM okays hiring of foreign consultants for Tan Son Nhat airport expansion

 Prime Minister Nguyen Xuan Phuc has agreed to hire foreign consultants to consider the expansion of the Tan Son Nhat international airport in Ho Chi Minh City without limitation in land use planning.

Vietnam lose to RoK in volleyball event

Vietnam suffered their first defeat at the Asian Senior Women’s Volleyball Championship’s preliminary round, losing 23-25, 19-25, 25-17, 22-25 to the Republic of Korea in Pool C, in the Philippines on August 11.

Multiculturalism-themed artworks displayed in Hanoi

 A Bold. Art exhibition themed “Multiculturalism” opened in Hanoi on August 11, featuring a number of unique artworks created by artists from Asia-Pacific and the Middle East.

High political determination needed to meet growth target: PM

The fulfilment of GDP growth of 6.7 percent in 2017 requires high political determination from ministries and departments as well as corporations, businesses and people, Prime Minister Nguyen Xuan Phuc stressed.

Second Asian Ju-jitsu tourney kicks off in Hanoi

The second Asian Ju-jitsu championships opened at the Quan Ngua Sports Complex in Hanoi on August 12, attracting more than 300 athletes from across the region. 

Decree declares state monopoly in 20 goods, services

The government has issued Decree No. 94/2017/ND-CP declaring the State will hold the monopoly in the production and trading of 20 goods and services as from October 1 this year.

Over 2,600 heritage trees recognised since 2010

More than 2,600 trees of over 100 fauna species in 52 province and cities have been recognised as heritage trees of Vietnam since the title recognition was initiated in 2010.

How rich is Tram Be, the banking tycoon recently arrested?

As the owner of a hospital, securities company, bank and large properties, Tram Be, the banking tycoon, and his family amassed a huge fortune until the day he was arrested.

M&A Forum 2017: second session on international investors' perspective

The second session of Vietnam M&A Forum 2017 has presented an in-depth analysis of specific market opportunities and forecasts coming capital inflows that could potentially heat up the market.

Wealthy Vietnamese pouring money into overseas properties

VietNamNet Bridge - Wealthy Vietnamese are rushing to buy properties overseas for many purposes – for eventual settlement, overseas study and investment. 

Vietnam export revenue forecast to hit US$200 billion

 Vietnam can obtain total export revenue of US$200 billion this year, up 13% versus last year, said Nguyen Phu Hoa, deputy head of the Export-Import Department under the Ministry of Industry and Trade.

Third generation AO victims in need of proper support

The faith of the children in AO victim families has been decided 56 years ago. However, until now there has not been any specific policy designated for the third generation victims.

Japanese young team to play friendly with HAGL

The Japanese Shimizu S-Pulse youth team will play a friendly tour with Hoang Anh Gia Lai (HAGL) young teams in the central highlands province on August 18-20.

Safeguard duty on fertilizer imports may cause rice production costs to surge

 The upcoming imposition of a temporary safeguard duty on DAP and MAP fertilizer imports into Vietnam will send fertilizer prices rising, thus leading to production costs of rice and other crops to inch up.

No one calls Hoa a ’weirdo’ any more

 VietNamNet Bridge – It took a lot of efforts for Nguyen Thi Hoa, a resident of the northern port city of Hai Phong’s Tu Doi Village, to learn how to use scissors.

Bustling fishing port in Ba Ria-Vung Tau

Young photographer Nguyen Hoang Phi’s photos about sunrise at Long Hai fishing port in the southern province of Ba Ria-Vung Tau capture the everyday activities of fishing communities. 

Four firms to form conglomerate to fight foreign retailers

AVR has asked the government to establish a retail conglomerate from four big retail chains, Saigon Co-op, Phu Thai Group, Satra and Hapro, to compete with foreign retailers flocking to Vietnam.

BUSINESS IN BRIEF 12/8

 Fish exports insignificantly affected by U.S.’s new rule, Business to shift to e-receipts next year - draft decree, EWEC Trade, Investment, Tourism Fair opens in Da Nang, Chinese market promising for Vietnam’s shrimps as exports surge 30%

Legal reforms to push M&A market forward

 The currently on-going Vietnam M&A Forum 2017 brought policymakers, investors, and major corporations to the table to discuss and propose changes to Vietnamese laws related to the M&A market and foreign capital inflows.

Great name of VN traditional opera theatre dies

People’s Artist Composer Hoang Kieu, who made a considerable contribution to Viet Nam’s traditional opera art in the 20th century, died on August 10. He was 92.

Fishermen carp about ban on catching baby fish

Many fishermen in the Mekong Delta region have complained that the ban on catching baby fish in local rivers during the rainy season has been implemented ineffectively, failing to protect marine life and seriously affecting their income.