Tax breaks to lift VN auto industry

 Cars with various engine displacement values are expected to enjoy a rebate in the special consumption tax in Viet Nam as of July 1, 2016, according to a revised draft on Tax Law issued by the Ministry of Finance recently.

New Zealand to share peace-keeping experience with Vietnam

Deputy PM Pham Binh Minh hosted a reception in Hanoi on August 17 for Chief of the New Zealand Defence Force Timothy Keating, who affirmed that his country is willing to share its experience in taking part in UN peacekeeping missions with Vietnam. 

Japan to process tuna in central Vietnam

 The Japanese Hokugan Ltd Company intends to build a plant to process ocean tuna and other aquatic products in the Dong Tac fishing port, Tuy Hoa city of the central coastal province of Phu Yen in the near future.

Vietnam, Singapore convene ninth political consultation

 Deputy Foreign Minister Le Hoai Trung and Second Permanent Secretary of Foreign Affairs of Singapore Chee Wee Kiong chaired the ninth political consultation in Hanoi on August 17.

US Ambassador studies bomb clearance in Quang Tri

 US Ambassador to Viet Nam Ted Osius toured the central province of Quang Tri yesterday to take a look at bomb and mine clearance efforts.

International physics conference opens in Quy Nhon

 Sixty physicists from 19 countries are participating in an international conference, which opened in the central Binh Dinh Province's Quy Nhon City today, to share new achievements and enhance co-operation.

Unnamed foreign investor wants to buy half of Dong A Bank

Dong A Bank CEO Tran Phuong Binh said a foreign investor wants to buy a 49 stake to become a strategic shareholder of the bank. 

Quang Nam authorities destroy illegal gold ore

 VietNamNet Bridge – Authorities on Saturday destroyed 10 tonnes of gold ore from the Bong Mieu gold mine that were handed over by Tam Lanh Commune residents in the central Quang Nam Province.

Smuggled pangolin scales confiscated at airport

 VietNamNet Bridge – Customs officers at Tan Son Nhat International Airport discovered and seized about 42.2kg of smuggled pangolin scales yesterday, August 16.

Shipping fees weigh down VN exporters

 Local authorities are seeking measures to reduce foreign shipping fees in the wake of a vociferous outcry from local importers and exporters.

Tour of famous pagodas in Ho Chi Minh City

VietNamNet Bridge – Ho Chi Minh City is famous for its impressive architecture which includes some beautiful pagodas that exemplify the Oriental architectural style.

HCM City leader: Zoo is here to stay

VietNamNet Bridge – HCMC chairman Le Hoang Quan has rejected rumors that the Saigon Zoological and Botanical Gardens, mostly known as Saigon Zoo, in District 1 would be relocated out of the city center, saying it is here to stay.

Vietnam, EU prepare for free trade launch

 Vietnam and the EU have reached a framework agreement on the creation of a free trade zone under which almost all customs barriers between the partners will be eliminated.

Domain name transfer now legal, but number of transactions are few

VietNamNet Bridge - The government has turned the green light on the establishment of a ‘.vn’ domain name market in Vietnam, but it has not set up a legal framework for the market to develop.

University lecturers study abroad but never return

VietNamNet Bridge - Many of Da Nang University’s lecturers sent abroad for training courses have not returned as promised. Six lecturers have been dismissed.

Sand exploitation killing rivers

VietNamNet Bridge - Illegal sand exploitation is occurring on rivers throughout the country, according to Dr. Vu Ngoc Long, head of the Southern Ecology Institute, and the Southern Chief Representative of the Vietnam River Network.

HBSO to organize major music festival late this month

 VietNamNet Bridge – The HCMC Ballet Symphony Orchestra and Opera (HBSO) will organize its tenth “Autumn Melodies” music festival from August 25 to 30 at the Opera House in the city’s downtown

BUSINESS IN BRIEF 18/8

 Ministry says cut transport fees, State-owned groups speed up equitisation, Hanoi, Taiwan stock exchanges collaborate in corporate governance, Sugar production to reach 1.56 million tonnes, Trade barriers sink fish and seafood exports

SBV tells commercial banks to restrict disbursement for BOT projects

VietNamNet Bridge - The State Bank of Vietnam (SBV) has restricted disbursement of funds to implement BOT (build, operation, transfer) transport projects. The aim is to tighten credit for BOT projects. 

US vessels Mercy, Millinocket visit Vietnam

VietNamNet Bridge - The hospital ship USNS Mercy (T-AH 19) and joint high speed vessel USNS Millinocket (JHSV 3) arrived in Da Nang this morning, Aug. 17 for their last mission stops of Pacific Partnership 2015.

China Tianjin explosions: Premier Li Keqiang visits scene

 Chinese Premier Li Keqiang has visited the victims of a major disaster at a chemical warehouse in Tianjin.

Indonesian plane: Rescuers head for suspected Papua crash site

 Indonesian search and rescue teams are heading to a remote part of the western Papua region where a plane is believed to have crashed on Sunday.

Apple car clues emerge from letter to test facility

 The persistent rumours about Apple building some kind of car have felt at times like they were powered purely by Apple fans desperate for something new and exciting,

Billionaire George Soros sells Alibaba shares

 The fund owned by the influential billionaire George Soros has sold most of its shares in the Chinese online retail firm Alibaba.

Vietnam Motorbike Festival 2015 in pictures

The Vietnam Motorbike Festival 2015 took place on August 15-16 in Phu Tho competition hall in HCM City, attracting about 2,000 bikers and 60,000 audiences.