HSBC worries about Vietnam’s credit loosening

 VietNamNet Bridge – The HSBC Global Research team has expressed concern over Vietnam’s recent move to loosen credit to stimulate private sector and government spending.

PetroVietnam Power privatisation to be completed this year

  Measures for the privatisation of PetroVietnam Power Corporation (PV Power) have been hastened with the process expected to be completed within this year.

UN to screen film on Vietnamese Agent Orange victim

 A documentary featuring a young victim of Agent Orange, by director Courtney Marsh, will be screened shortly at the United Nations headquarters in New York.

HCM City police confiscate khat leaf haul

 Police in HCM City have confiscated 1.2 tonnes of khat leaves imported from Africa and one case re-exported to the US. The leaves, which contain the stimulant cathinone, are banned in Vietnam.

German firms happy in Vietnam: survey

Nearly 70 percent of German companies in Vietnam are pleased with their business results, while more than half of German investors consider increasing their investment in Vietnam next year, the AHK World Business Outlook Survey 2016 has found.  

SOEs sells stakes for over $186 million in five months

 State-owned enterprises sold shares worth more than 2.08 trillion VND (93.2 million USD) in book value for 4.17 trillion VND (186.3 million USD) in the first five months of 2016, said the Ministry of Finance on June 6.

Party chief greets DPRK Workers’ Party delegation

 Party General Secretary Nguyen Phu Trong welcomed a high-level delegation from the Workers’ Party of Korea (WPK) in Hanoi on June 6.

Japan top Asian Junior Athletics Championships in HCM City

 Japan topped the medal table of the Asian Junior Athletics Championships, which concluded on June 6 in Ho Chi Minh City.

20.1% surge reported in West European tourist arrivals

 A year-on-year surge of 20.1 percent was reported in the number of tourists from West European countries visiting Vietnam in the first five months of this year as a result of the 11-month-old visa exemption policy.

Marine biodiversity conservation needs master plan

 Experts are urging the building of a master plan on preserving marine biodiversity in its true sense to improve the efficiency of the work in the country.

Half of population use Internet, only 20% of Vietnamese firms have websites

 VietNamNet Bridge - By 2020, 80% of Vietnam's population will use mobile phones and thr number of online business will increase 40%. 

VN dominates Asian Pencak Silak champs with 13 golds

 Viet Nam finished top at the second Asian Pencak Silat Championship which closed at the Bedok Sports Hall in Singapore on Sunday.

Japan signs ODA deals with Vietnam

 VietNamNet Bridge – Japan will provide Vietnam with 166.124 billion yen (US$1.5 billion) in official development assistance (ODA) loans to support the latter’s implemention of three major projects.

Vietnam scoops circus awards

 VietNamNet Bridge – Nine out of 13 prizes for the most outstanding performances at the International Circus Festival 2016 were awarded to Vietnamese teams.

Central Vietnam tourism hurting

 VietNamNet Bridge – The Viet Nam National Administration of Tourism (VNAT) has submitted a proposal to the Ministry of Culture, Sports and Tourism for a long-term plan to promote domestic tourism, particularly in the central provinces

Airlines order many aircraft, ACV concerned about infrastructure burden

Air carriers have rushed to buy airplanes to expand their fleets, a reflection of the high growth rate of the Vietnamese aviation market, but this flurry of purchases has raised worries about overloading infrastructure.

Hunting growth, Samsung races to get up to speed on biosimilar drugs

As Samsung Bioepis raced to be first to market with a copy of Enbrel, a blockbuster rheumatoid arthritis drug, countdown clocks reminded workers - heading for lunch, meetings or even the washroom - of the days to the first mass production run. 

Clinton clinches Democratic presidential nomination: AP and NBC

 Hillary Clinton has reached the number of delegates needed to clinch the Democratic U.S. presidential nomination,

Vietnam’s milk coffee, the drink the U.S. President wants to try

VietNamNet Bridge - US President Barack Obama expressed his wish to try Vietnam's iced milk coffee in his visit to Vietnam. This is a drink praised by many international travel magazines and tourists.

BUSINESS IN BRIEF 7/6

 Thailand wants stronger logistics cooperation with Vietnam, UPCoM reaches 5 billion USD in capitalisation, FTSE Vietnam ETF adds GTN to investment portfolio, FDI to HCM City decreases by 38 per cent

Rains add to Mekong Delta woes

 VietNamNet Bridge – There have been more instances of soil erosion along the Cuu Long (Mekong) Delta’s many rivers and canals after the season’s first rains in recent days.

Vinalines sells incriminating floating dock at knock-down price

Vietnam National Shipping Lines (Vinalines) has completed the bid to sell its floating dock 83M for VND38.5 billion ($1.71 million), according to newswire Tienphong.vn.

Microsoft Vietnam promotes ICT training for rural students

The Ministry of Education and Training, Microsoft Vietnam and Vietnet Information Technology and Communication Center today jointly organised the launch of the “YouthSpark Digital Inclusion” projec.

Hanoi licenses $1.7 billion in major projects

 Hanoi granted investment licenses and certificates of investment registration to 23 projects on June 4, with a total value of VND36 trillion ($1.7 billion).

New policies take effect in June

A series of polices on road maintenance, investments from the social insurance, health insurance and unemployment insurance funds will come into effect from June.