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Concerns raised over under-way road project’s damage

A road project which is still underway in the central province of Thua Thien-Hue has been seriously damaged after Storm Vamco, which has raised public concerns over the work’s quality.

HCM City plans public bidding for bus routes

Ho Chi Minh City’s Department of Transport plans to open public bidding for bus routes next year following regulations in a decree issued earlier this year.

Condotel investment risky yet promising property segment

Investment in condotels remains appealing despite defaults in profit commitments by property developers, but a clear legal framework is needed to protect investors’ rights, according to experts.

Investor Warren Buffett's life is chronicled in HBO movie

 "I like numbers," Warren Buffett says in an upcoming HBO documentary about his life. "It started before I could remember. It just felt good, working with numbers."

Ford plans self-driving car for ride share fleets in 2021

 Ford Motor Co plans to offer a fully automated driverless vehicle for commercial ride-sharing in 2021, the automaker announced Tuesday, expanding its efforts in driverless cars and ride sharing - two areas

VN-US economic ties have grown quickly since BTA

 VietNamNet Bridge – Since the normalisation of relations 20 years ago, economic relations between Viet Nam and the US have developed strongly in many sectors, and are expected to grow even further in the future,

Why does an Oman investor want to buy Hai Phong Port?

VietNamNet Bridge – Analysts believe that there are many ways to develop Hai Phong Port and make big profits off it.

Nha Trang's flood drainage system flooded with problems

 VietNamNet Bridge – A flood drainage system for the Duong De residential quarter in Nha Trang City has been inundated with problems that have prevented its completion 12 years after it was approved.

Investor reshuffle for Van Don airport

VietNamNet Bridge – Sun Group – the owner of luxury resorts in the central city of Danang including Ba Na Hills and Son Tra Intercontinental Resort – is planning to invest in the Van Don International Airport project

Funding plan for Long Thanh airport doubted

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

Footwear exports continue to grow

VietNamNet Bridge – Footwear exports fetched US$3.76 billion in the first five months of this year, up 17.8 per cent year-on-year, according to the Ministry of Industry and Trade.

BUSINESS IN BRIEF 4/10

 Measures for GDP growth in Q4; Vietnam’s economy looks bright in 2014: Economist; Exports set to surpass target; Cooking gas prices finally subside in HCM City

Vietnam - Myanmar: Major competitors in AEC?

 Myanmar, the country had been making headlines worldwide since 2010, when it embarked on a political and economic reform-process ending decades of international isolation.

15 foreign investors eye Dau Giay-Phan Thiet expressway

 At least 15 foreign investors will attend a preliminary screening meeting for the Dau Giay-Phan Thiet expressway project scheduled for September 19, the authority for public-private partnership (PPP) projects under the Ministry of Transport said.

BUSINESS IN BRIEF 23/8

 US billionaire to expand operation in Vietnam; Rice export contracts cancelled; Vietnam in need of safe natural rubber standards; Hanoi sets sights on hi-tech future

Mysterious billionaire wants to invest in $27 billion oil refinery

Thureign Augn has been introduced by Thai PTT Group, the investor of the $27 billion Nhon Hoi oil refinery in the central province of Binh Dinh, Vietnam, as a member of Arab royal family, billionaire and a potential investor of the project.

BUSINESS IN BRIEF 31/7

 Da Nang to open Vietnam’s first cable car line; Viedam opens mold R&D center at SHTP; Local firms keen to make strong investments in Laos; Vietnamese consumers less optimistic: Nielsen

Investors more cautious with their money

The market is volatile and has potential risks, making investors to be increasingly cautious. Their top priority at present is probably not to “make money from money," but to preserve their capital - a negative signal for the economy.

Two big guys run away from Van Phong

 VietNamNet Bridge – The Vietnam National Shipping Lines (Vinalines) has had its investment license revoked. PetroVietnam has also decided to quit a project in the Van Phong Economic Zone.

Foreigners may replace Vietnamese in livestock industry from 2015

From 2015, Vietnamese products of pork, chicken and poultry eggs would no longer enjoy the local production protection policies. It is expected that by that time, Thai, Indonesian and Malaysian products would flood the domestic market.