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Update news funding
The growth in investment size in Vietnamese startups over the past few years makes the target of having tech unicorns right in Vietnam feasible, Chu Ngoc Anh, minister of Science and Technology stressed.
The funding will focus on energy, environment, and vocational training in the next two years.
The Government, speaking at a National Assembly (NA) Standing Committee meeting in Hanoi last week, proposed granting a special status for Danang City so that it can have more cash for development.
Funding to battle the Zika virus faces a struggle in the U.S. Senate this week, with Democrats scornful of a Republican proposal they say short-changes the challenge posed by the mosquito-borne virus as well as other health priorities.
Health officials said 279 pregnant women in the United States and U.S. territories have tested positive for Zika infection, prompting a new call from President Barack Obama for more funding to fight the outbreak spreading through the Americas.
VietNamNet Bridge – The National Assembly (NA) Economic Committee has voiced concerns over the viability of a fund raising plan for the big-ticket Long Thanh airport project
Official Development Assistance (ODA) has been a key source of funds, helping Vietnam make great socio-economic strides in its renewal process.
VietNamNet Bridge – HCM City has asked the World Bank to continue lending US$450 million for the second phase of the HCM City environmental sanitation project (Nhieu Loc-Thi Nghe Basin), according to the city's Transport Department.
VietNamNet Bridge – More than VND586 billion (nearly US$28 million) will be spent on drug prevention and rehabilitation under a project recently approved by the Ministry of Labour, Invalids and Social Affairs.
Hanoi police confiscate smuggled animal organs; Man accused of stealing from poor; Operations of leather tannery suspended for environment pollution; Excessive pressure on children to study
Vietnam encourages investment in deprived areas; Banking sector audit shows mixed results; Exports increase in three quarters; Thanh Hoa rolls out welcome mat for Nghi Son EZ
Import costs hit textile firms; Ha Noi to lend $15m in bid to stabilise prices; State Bank funds asset management firm; Shortlist due for Binh Dinh's $27b oil project; Marubeni eyes on metro construction in Da Nang
Diseases ravage shrimp farms in several provinces; US grants FDA certificate to Vinamilk; Sugar inventory running high as export deadline over; EZs, IPs database to be finalized
Market for children’s goods, services exceeds US$5 bil./year; Vinacomin stands firm on bauxite projects; More staff recruited by realty brokerage firms; MVCorp cancels music download fee deal
Mortgage loan for social housing touches 6%; VDB mobilises 4.45 trillion VND from guaranteed bonds; Ship yards go on with new orders; Hue plans to build VND 17 billion science-technology centre