Public performance “Singing fingers”

VietNamNet Bridge – Over the past 6 months, a group of deaf and mute people have staged performance on Nguyen Hue walking street in district 1, Ho Chi Minh City. At about 7 pm every day, they place their musical instruments and loudspeakers

Local authorities destroy bridge handrails by rumors

 Local authorities in Can Tho City are being criticised for damaging handrails of seven of eight bridges in two hamlets so cars can get through.

Taiwanese footwear giants scaling up presence in Vietnam

Taiwan’s footwear giants are looking at Vietnam as an attractive stop-off point to open new manufacturing plants. 

Minimum wage to rise 7.3% in 2017

The minimum wage will increase by 7.3 per cent in 2017, a National Wage Council meeting on August 2 in northern Vinh Phuc province has decided.

Hanoi approves new tourism decree

Hanoi targets welcoming 30 million tourists by 2020, including 5.7 million international arrivals, for an annual increase of 8 to 10 percent, according to Resolution No. 6 on developing the capital’s tourism in the 2016-2020 period.

Hanoi lists property projects mortgaged by developers

The Hanoi Department of Natural Resources and Environment has released a list of real estate projects in which the property has been mortgaged with banks as at July 29.

Property developers irritated by released mortgaged property list

The HCM City Department of Natural Resources and Environment’s recent release of a list of 77 housing projects mortgaged at local banks was met by divergent sentiments in the business community.

AAG submarine cable breaks, Internet in Vietnam affected

VietNamNet Bridge – The AAG submarine cable system connecting South East Asia and the United States broke on August 2, seriously affecting Internet connection in Vietnam. 

Second storm likely to bring downpour in north Vietnam

Tropical storm Nida, the second of its kind in 2016, is forecast to bring heavy rain in the north of Vietnam.

Police probe alleged illegal sulfur transport in Phu Tho

 VietNamNet Bridge – Police in the northern province of Phu Tho are investigating allegations that a private company has been transporting sulfur through residential areas without proper licensing and conditions.

Pressing issues heat up Government’s press conference

The hack on Vietnam Airlines’ website, Formosa’s illegal dumping of waste and preferential loans from China loans for highway building were hot topics at the Government’s regular press conference on August 2.

Nadal ready to play in all three events in Rio

 Spain's Rafael Nadal has confirmed he will compete in all three tennis events at the Rio Olympics despite being not at his best after being sidelined with a wrist injury since May.

Chinese exploit legal loophole to obtain land in Da Nang

VietNamNet Bridge - By contributing capital to enterprises and projects, and holding stakes, though in very small amounts, Chinese investors can hold land in Vietnam.

Da Nang tightens controls on publications distorting sovereignty

 The central city of Da Nang is tightening controls on the publication and distribution of tourism documents and leaflets with maps showing a local coastal area named “China Beach”.

Vietnamese official welcomes UK, Thai guests

 Vietnam and the United Kingdom have enjoyed sound cooperation in past years, Senior Lieutenant General Vo Van Tuan, Deputy Chief of the General Staff of the Vietnam People’s Army said during a reception for UK Ambassador to Vietnam Giles Lever.

Vietnam, India boost strategic partnership

Vietnam and India held their 8th political consultation session and 5th deputy foreign ministerial strategic dialogue in New Delhi on August 2.

Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong

 Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange.

European bank rebound not enough to save world stocks from further losses

 World stocks fell for a third straight day on Wednesday, depressed by growing nervousness surrounding central bank policy and the recent spike in world bond yields,

Vietnam to play Thailand in AFF final

 VietNamNet Bridge – Viet Nam set up a rematch with Thailand in the final of the Southeast Asian Women’s Football Championship, defeating hosts Myanmar 5-4 in the penalty shootout yesterday (Aug 2) in Mandalay City.

Beach footballers train, compete for Asian Games

 VietNamNet Bridge – The national beach football team gathered yesterday (Aug 2) in Da Nang City in preparation for their Asian Beach Games next month in Viet Nam.

Foreign oil and gas conglomerates flee Vietnam

After over four years since it was announced, the $22 billion Nhon Hoi petrochemical project officially proposed to withdraw from Vietnam’s oil and gas development plan. To date at least three foreign oil and gas groups have fled from Vietnam.

Mekong Delta gang arrested for series of gold shop burglaries

 VietNamNet Bridge – The Can Tho police have busted a gang of seven burglars who allegedly stole VND10 billion (US$450,000) from six jewellery shops in the Mekong Delta since last year.

Industry and Trade Ministry structure bulky and inefficient: experts

VietNamNet Bridge - Experts have urged the Ministry of Industry and Trade to reform its administrative structure as it now takes on too much work that is outside its purview. 

Poetic grounds inside residence of Vietnam’s last king

VietNamNet Bridge - Surrounded by poetic pine forest, Palace I, where Vietnam’s last emperor Bao Dai lived, is designed in a European style.

BUSINESS IN BRIEF 3/8

7M real estate FDI at nearly $1 billion, Investment promotion in U.S. promises to bring HCMC many contracts, Seafood exports likely to top $7.1 billion in 2016, Vietnamese brands yet to ASEAN countries