Unprofitable technology startups receive millions of dollars in capital

VietNamNet Bridge - Momo, Tiki and many other technology startups still can call for millions of dollars worth of capital, even though they continuously take losses. Why?

Fulbright University chair appointment proves controversial

 Many people have expressed surprise at the appointment of US Senator Bob Kerrey to chair the much heralded US-funded Fulbright University due to his notorious role during the war in Vietnam.

Louis Vuitton’s Hanoi store could be selling fakes

Louis Vuitton’s representative in Vietnam has yet to respond to the accusation of selling a fake bag, which emerged earlier in May.

Bkav: Router holes pose major risk

 Bkav Technology Group has recently announced the results of its research on the security status of routers worldwide, finding that around 300,000 in Vietnam are at risk.

Social News 4/6

Firms need to improve meals for workers, Hardships and machines confront rock miners, Safe vegetable area increased in HCM City, Vietnam strives to have 96 percent of kids attending preschool

New Noi Bai International Airport not "new"

 The Civil Aviation Authority of Vietnam (CAAV) on June 1 said that the Noi Bai International Airport 2 project is “new” as it has been already mapped out in the master plan for Vietnam’s airport development.

Gov’t urged to follow money trail

 VietNamNet Bridge – Professor Le Viet Khuyen, a member of the Association of Viet Nam’s Universities and Colleges, spoke to the newspaper Khoa hoc & Doi song (Science and Life) about the fight against corruption in higher education.

Hanoi estate developers decry parking space rule

 Facing a severe shortage of parking space, Hanoi recently issued a regulation that high-rise building projects and trade centres must have at least three basement floors for parking.

Vietnam's top chess player near winning Asian chess championship

 Vietnamese Grandmaster (GM) Le Quang Liem is close to winning the men’s title of the ongoing  Asian Individual Chess Championship in Uzbekistan.

Yokohama FC wants to renew loan contract with Vietnamese FC

 Japan’s Yokohama FC wants to renew a loan contract with midfielder Nguyen Tuan Anh of Hoang Anh Gia Lai (HAGL) for another 5-10 years.

Vietnam filmmaker takes top animation prize

 Doan Tran Anh Tuan’s animated film The Adventure of Egg, Lime and Chilly has won the first-place prize for the professions category at a cartoon contest held by the South Korean Cultural Centre.

Foreign partners support Vietnam’s public finance management reform

  International organisations and development partners have contributed significantly to the Ministry of Finance’s positive outcomes on the reform of public finance management, said Minister Dinh Tien Dung.

US experts propose measures to address drought in Mekong Delta

 How climate change and water management are becoming issues of national security in Vietnam and solutions for the country were the topic at a panel discussion held by the Stimson Center in Washington DC in late May.

Hanoi hospital admissions up during heat

The first hot spell of summer, with temperatures reaching up to 40 degrees Celsius, is threatening people’s health, with hospitals in Hanoi seeing a large number of patients with respiratory and high-blood pressure-cardiovascular problems.      

BUSINESS IN BRIEF 4/6

 IP rights must be ensured: official, More exports join “one-billion USD” club, Japanese businesses prioritize investment in Vietnam, Vietnam keeps watchful eye on inflation after fuel hikes, VIB offers preferential rate for business' auto loans

HCM City ramps up chemical trading oversight

 The People’s Committee of HCM City has asked departments, agencies and districts to closely monitor the trading of chemicals in an effort to prevent fires and explosions.

Special envoy of Swedish PM welcomed in Hanoi

 Deputy Prime Minister and Foreign Minister Pham Binh Minh hosted a reception in Hanoi on June 3 for the special envoy of Swedish Prime Minister, Pierre Schori.

Vietnam, Indonesia look to boost fishery ties

 Vietnamese Ambassador to Indonesia Hoang Anh Tuan recently met with Indonesian Minister of Maritime Affairs and Fisheries Susi Pudjiastuti to discuss bilateral efforts to curb illegal fishing and boost fishery cooperation.

Chinese ethnic affairs official visits Yen Bai

A delegation of the State Ethnic Affairs Commission of China led by its Vice Minister – Deputy head Li Zhao had a working session with officials from the Steering Committee for the Northwestern Region in Yen Bai province on June 3.

Major outcomes of the National Assembly election

VietNamNet Bridge – The election of the 14th National Assembly and People’s Councils for the 2016-2020 term concluded successfully. It was organized with democratic with reforms to promote people’s  rights. 

Art dealer adorns home with vast collection

 VietNamNet Bridge – An art collector set out to bring back hundreds of early- to mid-20th century paintings by Vietnamese artists. To do so, he has spent years travelling the world and attended prestigious auctions.

Gov’t sets ambitious goal for business development

VietNamNet Bridge – The Government has set the target to increase the number of enterprises to one million by 2020 from the current 500 million, 

Teachers struggle in mountainous area

 Teachers and pupils are facing various difficulties to eliminate illiteracy in the remote area of Nghe An Province.

Graduates find favour in agriculture jobs

 VietNamNet Bridge – Vo Tong Khue, 26, a graduate in business administration from Hoa Sen University in HCM City, decided to start his own garden market instead of working for international companies.  

High demand helps pharmacy firms make big money

VietNamNet Bridge - Hau Giang Pharmacy’s profit amounted to 41 percent of the total profit of all listed pharmacy firms in the first quarter of 2016.