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Top five foreign investors in Vietnam’s real estate announced

 Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest foreign real estate owners in Vietnam, according to a survey recently published by CBRE Vietnam. 

State funeral for former PM Phan Van Khai

Ceremonies to pay tribute to late PM Phan Van Khai took place at the International Convention Centre in Hanoi and the Thong Nhat Conference Hall in Ho Chi Minh City on March 20.

Runners to wear microchips at Tien Phong Marathon

 VietNamNet Bridge – Runners will wear timing microchips for their accurate results at the 59th National Marathon Tournament by Tien Phong (Vanguard) newspaper which will be organised this Sunday in Dak Lak Province.

Tribute paid to late Prime Minister Phan Van Khai: two-way respect

The late PM Phan Van Khai left an indelible mark in the socio-economic development of the country. Khai also leaves fond memories in the minds of those who had the chance to work with him in Government from 1997 to 2006.

English football coaches train kids in VN

 Two coaches from British football club Tottenham Hotspur FC, the runner up in the 2016-17 Premier League, have arrived to hold camps for 8 – 10-year-olds in HCM City.

South Korean President to exchange with VN U23 team

 South Korean President Moon Jae-in will meet Viet Nam’s under 23 football team during his visit to Viet Nam from March 22-24.

Lack of steady income a worry, say freelancers

 Huy Phat, a 30-year-old translator based in HCM City, has been working as a freelancer for five years since it gives him the flexibility for scheduling his leisure activities that an eight-to-five job cannot.

HCM City to increase parking fees

 HCM City will increase automobile parking fees on some sidewalks and roadsides in the city centre to VNĐ20,000-40,000 (US$0.9-1.8) per hour from June 1.

Lavrov’s visit to Vietnam was postponed

 The visit of the foreign Minister of the Russian Federation Sergey Lavrov in Viet Nam, which was to begin Monday, has been postponed, according to Viet Nam’s Ministry of Foreign Affairs.

BUSINESS IN BRIEF 20/3

 Doosan appoints new CEO for Vietnamese ops, Vung Ro Petroleum still dreams about a refinery in Phu Yen, Dragon Capital spends $143.6 million on Sabeco shares, Vietjet plans to open direct routes to Australia

As bad debt burden lifts, Vietnam banks attract more foreign capital

Foreign investors are rushing to pour money into Vietnam’s banks which see a brighter future as the warming of the real estate market will help them collect debts from mortgaged loans.

Finance, banking sector under pressure to undergo digital conversion

The technical breakdown at the HCMC Stock Exchange (HOSE) in late January shows that the finance and banking sector in Vietnam urgently needs to undergo digital conversion, analysts have said.

Students create automatic watering pump with waste materials

Nguyen Dai Duong and Le The Hoan, students at Trieu Trach Secondary School in Quang Tri province, have created a simple watering system run with electric circuits used to water crops.

Wildlife trafficking: the animal market in Laos

Reporters travelled 2,000 kilometers in Laos recently to discover how wildlife are carried to Vietnam. Departing from Hanoi, they crossed the Long Sap border gate in the northern province of Son La to Laos. 

The need to improve Vietnam’s labour force

The abundant young labour force is one of Vietnam’s great advantages, as young people can adapt quickly to new science and technology. However, the country is challenged by the lack of quality among its labour resources. 

Adequate policy framework for a real estate breakthrough

 Following the “good vibes” of the APEC 2017, the Vietnamese government has submitted to the National Assembly the economic growth plan for 2018, setting a growth target of 6.7 per cent. 

Man faces fine for letting 10-year-old drive truck

 A man in Thanh Hoa Province is facing administrative fines for teaching his nephew how to drive a truck on the public road.

Vietnam’s growth in first quarter forecast to hit 6.23%

 The Vietnamese economy is projected to expand by 6.23% in the first quarter of 2018, buoyed by strong industrial growth, according to the National Centre for Socio-economic Information and Forecast (NCIF).

Late, milder summer predicted

 Summer is predicted to come later with cooler temperatures this year according to Le Thanh Hai, vice head of the National Centre for Hydro-meteorology Forecast.

Viet Nam, Australia sign pact to develop macadamia

 The Viet Nam Macadamia Association (VMA) and Australia Macadamia Society have signed a co-operation agreement to develop the macadamia industry of the two countries.