Foreign firms push consumer lending

 Consumer lending in Vietnam has prospered in recent years thanks, in large part, to the lending expertise of foreign firms, which has helped to propel the sector closer to its full potential.

Vietnamese sailors rescued off South Africa’s Richards Bay

 Four Vietnamese sailors on board a Taiwanese fishing vessel that sank near South Africa several days ago have been saved, the Vietnam Maritime Search and Rescue Coordination Centre reported on July 11.

Vietnam’s water puppetry introduced in South Korea

 Vietnam’s water puppet artist Phan Thanh Liem is scheduled to show off his skills in using puppets at the Yangju Culture & Arts Center in the Republic of Korea between July 25 and August 10.

Vietnamese PM meets Dutch top legislators, concluding Netherlands visit

Vietnam wants to enhance all-around cooperation with the Netherlands, especially in climate change adaptation, water management, high-tech and sustainable agriculture, oil and gas industry, logistics and seaport services.

Torrential rains, landslides hit northern VN, killing 12

 Torrential rains and landslides in recent days in northern mountainous provinces of Ha Giang, Lao Cai, Lai Chau, Dien Bien, Cao Bang, Bac Kan, Thai Nguyen and Hoa Binh have claimed 12 lives and left one missing.

Over half of companies confident of better performance in Q3

 More than half of processing and manufacturing companies expect better business performance in Q3, according to a survey conducted by the General Statistics Office (GSO).

Vietnamese localities seek stronger ties with the US

 Vietnamese localities attach importance to economic and trade ties with the US, considering cooperation an important resource for industrialisation and modernisation, said a Hanoi official. 

Prime Minister Nguyen Xuan Phuc meets with Dutch investors

 The Vietnamese Government will create the most possible conditions for investors from the Netherlands to do business in Vietnam, said Prime Minister Nguyen Xuan Phuc.

Gov't to bring all HIV patients into insurance net

 N.C.T, a 32-year-old man, and his partner, a 38-year-old man, are waiting at the District 11 Preventive Medicine Centre to receive free antiretroviral drugs.

Vietnam warned of increasing dependence on foreign capital

 Indexes for 2017 second quarter reflected Vietnam’s increasing dependence on FDI), said the Vietnam Institute for Economic and Policy Research (VEPR) in its recent report on the performance of the economy in the quarter.

11 TPP countries to meet in Japan

 Representatives from 11 Trans-Pacific Partnership (TPP) member countries are expected to meet in Hakone town, west of Tokyo, Japan on July 12.

Vietnam becomes bigger source of earnings for Japanese firms

 Vietnam has surpassed Malaysia to become a bigger source of earnings for Japanese firms, according to the Bank of Japan (BoJ).

VN, Cambodia enhance coordination in ensuring border security

 The Vietnam Border Guard High Command and Cambodia’s General Department of Immigration held talks in the southern province of Ba Ria-Vung Tau on July 11 to review their coordination in ensuring border security and set tasks for the coming time.

Rotterdam wants to expand cooperation with Vietnamese localities

Rotterdam is keen to expand multifaceted cooperation with Vietnamese localities, particularly HCMC, in planning, building and management of port infrastructure, navigation training, and logistics services.

HCM City to host first fashion, technology festival

 The first Fashionology Festival 2017 is scheduled to take place in Ho Chi Minh City on October 20-22 with the participation of nearly 500,000 visitors.

BUSINESS IN BRIEF 12/7

 HCMC’s CIT revenue soars in H1, Commercial banks lower loan interest rates, Shoes & Leather Expo opens July 12 in HCM City, RoK group to build waste treatment plant in Hung Yen

VN tour operators and hotels urged to go digital

 Tourism companies and hotels must put their products and services online as digital marketing has emerged as an irreversible trend.

Good news from Vietnam’s robot industry

VietNamNet Bridge - Though Vietnam still doesn’t have a real robot industry, several enterprises have created useful products for the market.

Too many 10/10 scores at finals: are exam question too easy?

Reports from 63 local education departments show there are thousands of 10/10 scores at the high school finals, an ‘abnormally’ high number compared with 68 exam papers which had a 10/10 score last year.

Foreign travelers on sharp rise, putting pressure on tourism infrastructure

VietNamNet Bridge - As the number of foreign tourists continues to grow at a high rate, travel firms have been advised to disperse travelers to many tourism sites to avoid overloading.

Hanoi air polluted by thermal power plants

VietNamNet Bridge - Inspection tours by the General Directorate of Environment at 19 thermal power plants have found that regulations on environmental protection have been violated at many plants. 

Residents put off by resettlement options

 VietNamNet Bridge – The poor quality of resettlement houses and weak management capacity of the State offices have affected the lives of many displaced residents.

VN railways focusing on improved services

 Hanoi Railway Station will have a nicely-furnished VIP lounges for first-class passengers and passengers on board all trains will be offered meals of the same quality as airplane food.

Mekong Delta has 1,000 IVF babies born

 There have been 1,000 babies born via in vitro fertilization at Phuong Chau International Hospital since the hospital’s In Vitro Fertilization Center opened in 2011.

SBV Governor: Rate cuts carefully considered

 To take effect from July 10, interest rate cuts by the State Bank of Vietnam (SBV) to support economic growth and control inflation were given a great deal of thought, Governor Le Minh Hung has said.