BUSINESS IN BRIEF 9/6

Vissan to list on UPCoM and HSX, HCMC seeks ODA for underground walkways, Experts warn of environmental hazards behind FDI attraction, Interbank interest rates drop further, Investors to seek opportunities in Hanoi at upcoming event

Social News 9/6

 Sea water in Nghe An meets national standards, Ho Chi Minh City suggested establishing open database, Vietnam Airlines increases flights for summer season, Sea environment protection important: PM

HCM City proposes special financing mechanism

HCMC has proposed the National Assembly Financial and Budgetary Committee ask the Ministry of Finance to seek Government approval for a special financing mechanism for the southern economic center.

Hanoi seeks stronger relations with Belarusian localities

 Hanoi wishes to step up its partnerships with Belarusian localities, Chairman of the municipal People’s Committee Nguyen Duc Chung told Belarusian Ambassador Valery Sadokho on June 8.

Vietnam, Poland boast great potential for partnerships

 Vice President Dang Thi Ngoc Thinh met with Polish President Andrzej Duda on June 8 on the occasion of attending the 26th Global Summit of Women in Warsaw capital city.

Nearly 96% of National Assembly deputies are Communist Party members

VietNamNet Bridge – The National Assembly (NA) election results showed that members of the Communist Party of Vietnam (CPV) accounted for 95.8% while non-Party membership deputies made up 4.2%, down 50% from the previous term.

VN coffee output may fall in drought

 Coffee production in Viet Nam could drop up to 7 per cent in 2016 and 2017, to 27.3 million bags over the previous crop, due to adverse weather conditions.

Vietnam's players win at Australia Badminton Open

Top Vietnamese badminton player Nguyen Tien Minh entered the second round of the Xiamenair Australian Badminton Open in Sydney on June 8.

DOC in resolving East Sea tensions

 The 12th ASEAN-China senior officials’ meeting on the implementation of the Declaration on the Conduct of Parties in the East Sea (DOC) will take place in Vietnam’s Ha Long City on June 9.

Dozens of officials go on trial for theft

Forty three defendants, including an unprecedented number of 31 customs officials of the Mekong Delta’s An Giang Province and HCM City, went on trial yesterday on suspicion of appropriating hundreds of billion dong from the State.

PhDs leave research institute because of starvation wages

VietNamNet Bridge - Many researchers with doctorates last year left the Biotechnology Institute of the Vietnam Science & Technology Academy because they could not live on the monthly wage of VND3 million.

Tycoons spend billions of dong to acquire foreign firms

VietNamNet Bridge - Vietnamese tycoons are now rich enough to take over foreign firms, using them as a jumping board to conquer the international market.

Great potential in Vietnam: cartoon maker

 VietNamNet Bridge – Doan Tran Anh Tuan was awarded the first prize for best professional animated cartoon filmmaker at a contest launched by the Korean Cultural Centre in Ha Noi.

VN basic sciences rank among the top countries in region: Sci-tech Ministry

VietNamNet Bridge  - The Ministry of Science & Technology has reaffirmed the importance of basic sciences amid the community’s decreased interest in the role of the sciences. 

Polluting investment projects ‘slip through net’ as regulations remain unclear

VietNamNet Bridge - No legal document specifying which technologies can or cannot not be imported to Vietnam exists. This ambiguity has hindered Vietnam from ‘filtering’ projects that could cause pollution. 

Hanoi hosts ASEAN policy dialogue on student mobility

The third policy dialogue in the framework of the EU project on Support to Higher Education in the ASEAN Region opened in Hanoi on June 8, gathering over 150 senior educational leaders, managers, scholars and students.

Domestic Vietnam Airlines flight diverted to Laos due to bad weather

 A Vietnam Airlines flight en route from Da Nang to Hanoi had to divert to Laos on June 7 after it could not make a landing at Hanoi’s Noi Bai International Airport due to bad weather.

Fatal lightning strikes in Dak Nong, Lao Cai

 One person was killed and three others in a family were seriously injured when lightning struck their house in Cu K’Nia commune, Cu Jut district, the Central Highlands province of Dak Nong, on June 8.

U-16 Japan beat Gia Lai 4-1

 Japan’s U-16 team cruised to a 4-1 win over U-16 Hoàng Anh Gia Lai (HAGL) in a friendly match at HCM City’s Thong Nhat Stadium yesterday.

Over 75,000 students vie for place in Hanoi high schools

 More than 75,000 students in Hanoi began the rigorous entrance exams for a place in the capital’s state-owned high schools in the academic year 2016-17, with literature being the first exam subject today.

Top legislator calls for Japan’s help to deal with drought

NA Chairwoman Nguyen Thi Kim Ngan has renewed the appeal to Japan to help Vietnam build mid- and long-term solutions to drought and salt water intrusion, as agreed upon during the recent talks between the two countries’ Prime Ministers in Japan.

NA Chairwoman hosts Cuban Ambassador

  National Assembly Chairwoman Nguyen Thi Kim Ngan hosted a reception for Cuban Ambassador to Vietnam Herminio Lopez Diaz in Hanoi on June 8.

Robots will not shift manufacturing away from Vietnam immediately

Robots, despite being cheaper and more productive, will not immediately shift manufacturing away from countries abundant with inexpensive and low-skilled labour, such as Vietnam.

Turning tourism into spearhead economic sector of the capital

 VietNamNet Bridge – Tourism is currently a strong economic sector for Hanoi. The capital is focusing on raising the quality of tours, creating more new tourism products and improving the tourism environment

NA leader hopes for Russian diplomat’s contributions to bilateral ties

National Assembly Chairwoman Nguyen Thi Kim Ngan received Russian Ambassador to Vietnam Constatin Vnukov in Hanoi on June 8.