International women's cycling tour opens in Binh Duong

 The 7th International Women's Cycling Tournament (Biwase Cup 2017) kicked off in the southern province of Binh Duong on March 8. 

Vietnam to accelerate development of logistics services

 Vietnam will accelerate the development of logistics services to facilitate trade and improve the economy’s competitiveness, according to an action plan which was approved recently by Prime Minister Nguyen Xuan Phuc.

Agriculture minister explains new regulations to US firms

 Minister of Agriculture and Rural Development Nguyen Xuan Cuong explained several new regulations regarding agriculture during a working session in Hanoi on March 8 with Senior Vice President of the US-ASEAN Business Council Michael Michalak. 

Finland helps Vietnam build forest management database

 The management and sharing of data on forests in Vietnam was the main topic of a workshop co-organised in HCM City on March 8 by the General Department of Forestry under the Ministry of Agriculture and Rural Development and the Finnish Embassy.

Hanoi offers incentive for home-based parking services

 Households in the capital’s Old Quarters can enjoy preferential tax rates if they offer motorbike parking services in their premises, Chairman of the Hanoi People's Committee Nguyen Duc Chung has said.

Vietnam attends Global Cities Summit in UAE

 Deputy Minister of Public Security Nguyen Van Thanh has led a Vietnamese delegation to attend the three-day Global Cities Summit 2017 that opened in Dubai, the United Arab Emirates (UAE), on March 7.

Social News 9/3

 Binh Dinh to spend VND392 billion on UXO clearance, Requiem for Vietnamese fallen soldiers held in Thailand, Trauma system saves lives at City hospitals, Robot design contest for primary school students

Inspection teams to examine compensation for fishermen in central region

 Permanent Deputy Prime Minister Truong Hoa Binh has requested the establishment of four inspection teams to examine the compensation for residents who were affected by the marine environment incident in the central region. 

Vietnam, China hold regular deputy foreign ministers’ meeting

 The annual Vietnam-China deputy foreign ministers’ meeting took place in Nha Trang city in the central province of Khanh Hoa between March 5 and 8, discussing bilateral ties and border issues.

Vietnam, Thailand enjoy growing friendship

Vice Chairman of the National Assembly Do Ba Ty has praised the contribution of the Thailand-Vietnam Friendship Parliamentarian Group to the two countries’ strategic partnership in general and the two parliaments’ collaboration in particular.

Big Japanese retailers compete with smaller Vietnamese counterparts

VietNamNet Bridge - The Vietnamese retail market, though still small, is attracting the world’s giant retailers, including those from Japan.

Opening of H&M, Zara stores puts pressure on local fashion retailers

Vietnamese fashionistas are excited about the news that H&M may open its first shop in Hanoi soon. They will no longer have to buy H&M and other foreign high-street brands from online shops or from those who carry goods across border gates.

BUSINESS IN BRIEF 9/3

 Deal to revive coffee industry, HCM City eyes more investment from Japan, UN high-level meeting continues trade facilitation discussion, BMW declares Euro Auto paperwork not from them

Investors chained to bitcoin bets as U.S. ETF decision looms

 Investors are betting market regulators will approve what would be the first U.S. exchange-traded fund to track the price of bitcoin.

Three students in Hue turn sea waves into power

VietNamNet Bridge - Three students from Thua Thien – Hue province have invented a system which generates electricity from sea waves.

Climate change to challenge Mekong River Delta in 2017

VietNamNet Bridge – Signs of growth stagnation in the Mekong Delta in recent years have been blamed on climate change, which has contributed to drought and saline intrusion.

Uni grads unqualified, employers complain

Many bachelor’s degree graduates don’t have basic skills to undertake their works if they don’t receive retraining. Many of them cannot even fill out applications for jobs or compile official dispatches in an acceptable manner.

Italy designs cultural exchanges

 VietNamNet Bridge – Barbara Trebitsch, former head of Domus Academy in Milan, a leading school in design, fashion and architecture, is currently Italy’s ambassador of design.

New transfer pricing decree: a step closer to international standards

On February 24, 2017, the Vietnamese government released the new transfer pricing Decree No. 20/2017/ND-CP, which will take effect from May 1, 2017. 

Conference gathers int’l scientists to address pollution

 An International Conference on Environmental Pollution, Restoration, and Management gathered international scientists in central Binh Dinh province to discuss environmental issues as well as share research results and management experience.

VN President receives newly-accredited ambassadors

 President Tran Dai Quang hosted separate receptions for newly-accredited ambassadors to Vietnam in Hanoi on March 8, during which he called for the diplomats’ greater efforts to broaden bilateral wide-ranging cooperation.

Sale of cars down despite price drop

 Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold more than 17,600 cars in February, down 13 per cent from the previous month.

PENM IV Germany seeks higher stakes in Hoa Phat Group

 PENM IV Germany GmbH & Co KG is seeking to purchase another 5.5 million shares of Hoa Phat Group (HPG) in an attempt to raise its stakes in the company’s profit-making potential.

UK Fintech firm eyes Vietnam’s banking sector

 Opportunity Network, a UK-based FinTech company that offers banks a digital business matchmaking platform, on Wednesday announced plans to engage Vietnamese commercial banks in joining its fast-growing global partner network.

Vietnam leads Asia Pacific in female managers’ ratio

 Viet Nam has the highest proportion of female CEOs in the Asia Pacific region at some 25 per cent, much higher than the world average of 10 per cent.