BUSINESS IN BRIEF 7/9

 Korean firms explore logistics market prospects, Hanjin Shipping Global stops operations in Viet Nam, HCMC targets 2016 GRDP growth of 8%, Leather, footwear exports strong, local consumption weak

Vietnamese athletes look to script history at Paralympics

 VietNamNet Bridge – Any medal in the upcoming Paralympics at Rio de Janeiro will be Viet Nam’s turning point and coach Dong Quoc Cuong and his athletes are looking forward to making history.

Junior Fashion Week comes to HCM City

VietNamNet Bridge – More than 200 garments for boys and girls created by foreign and local fashion houses and garment companies will be showcased at the first Vietnam Junior Fashion Week to be held in HCM City

Second cable system to be built in Yen Tu

 VietNamNet Bridge – Quang Ninh Province authorities have announced a plan to build a second cable system on Yen Tu Mountain, famous for its beautiful landscape and Buddhist heritage.

The first day of President Francois Hollande in Vietnam

VietNamNet Bridge - The official welcoming ceremony for French President Francois Hollande took place at the Presidential Palace on Tuesday morning.

French President walks around Hanoi Old Quarter

 VietNamNet Bridge - French President Francois Hollande took a walk around the Hanoi Old Quarter on Tuesday afternoon.

Industry and Trade Ministry to replace key officials

VietNamNet Bridge – A plan to review personnel and the administrative apparatus in the Ministry of Industry and Trade (MOIT) is underway, under which a number of high-ranking officials will be rotated or dismissed.

Vietnam visa fee for U.S. citizens shoots up

U.S. citizens will pay a US$135 fee when applying for a Vietnam visa regardless of their visit purposes, up more than five times, according to local tourist firms.

Company worries mount as Hanjin Shipping files for bankruptcy

 Domestic exporters and importers whose goods are on board ships of Hanjin Shipping Co Ltd have been on tenterhooks since the South Korean container shipper filed for bankruptcy protection.

What does Vietnam need: power from Laos or water from the Mekong?

VietNamNet Bridge - While economists applaud the idea of importing electricity from Laos, environmentalists say that Vietnam should not encourage Laos to build hydropower plants on the Mekong River. 

Great destinations for September

September is one of the prettiest times of the year in most of Vietnam, and unless you’re a student facing back-to-school, it may be one of your favourite months. Here are nine top September holiday destinations.

Vietnam loses VND4 trillion as it fails to collect tax on Chinese car imports

VietNamNet Bridge - Vietnamese enterprises are complaining that they cannot compete with cheap Chinese car imports that evade taxes.

Seven Vietnam banks’ ratings on review: Moody’s

 Moody’s Investors Service on September 5 placed on review for upgrade the long-term credit ratings of seven Vietnamese banks.

Why do universities lack students?

VietNamNet Bridge - Some experts believe that universities do not have enough students because there are too many universities and the number of high school graduates is decreasing. 

Japan provides JPY11 billion loan for Vietnam

 The Japanese Government will provide the Vietnamese Government with an 11 billion JPY loan in the 2016 fiscal year to help improve socio-economic infrastructure and the competitiveness of the national economy. 

Le Quang Liem wins first game, Vietnam move up in ranking

+Vietnam No 1 Le Quang Liem won his first match at the Chess Olympiad in Baku, Azerbaizan, yesterday.

All-star music video to celebrate VN National Day

 A music video made with the participation of hundreds of singers, public figures, athletes and volunteers was released last week during the celebration of Vietnam's National Day on September 2 (1945-2016).

Forum discusses legal – political impacts of PCA’s ruling

 Legal and political impacts of The Hague tribunal’s ruling on the East Sea dispute on Indonesia and the US were discussed at an open forum in the Indonesian capital city of Jakarta on September 6. 

Norwegian official highlights relations with Vietnam

 Norway appreciates ongoing negotiations on a free trade agreement between the EFTA and Vietnam, which serve as a tool for tapping great potential in trade and investment cooperation between the two countries.

Too costly for Indonesia to thoroughly test for Zika: health official

 Indonesia can not afford to thoroughly check for a possible Zika outbreak, a health ministry official said, as Southeast Asia's most populous country must focus on fighting dengue, a potentially fatal virus also carried by mosquitoes.

Vietnamese, French leaders vow to ratchet up partnership

 Vietnam and France are stepping up efforts to deepen their strategic partnership, Party General Secretary Nguyen Phu Trong said at a reception for visiting French President Francois Hollande in Hanoi on September 6. 

Prime Minister meets with Lao, Philippine leaders

Prime Minister Nguyen Xuan Phuc had a cordial meeting with Prime Minister Thongloun Sisoulith of Laos in Vientiane on September 6 prior to the opening session of the 28th and 29th ASEAN Summits and related meetings.

President welcomes new ambassadors

 President Tran Dai Quang hosted the newly-accredited ambassadors from Australia, Belarus, Sweden, Cambodia, and Singapore who presented their credentials to him in Hanoi on September 6.

PM stresses promoting ASEAN’s self-reliance at Summit

Prime Minister Nguyen Xuan Phuc has underscored the need to enhance ASEAN’s capacity and self-reliance as well as uphold the bloc’s central role, considering them crucial to ASEAN’s success.

Social News 7/9

 Police fine driver VNĐ41 million for overloading bus, Work on new French school begins, Dozens of houses damaged by Thanh Hóa clean water project, Improper urbanization makes Mekong Delta vulnerable to climate change