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WB & ANZ release updated economic forecasts

Growth in Vietnam remains robust but high capacity-use rates may limit further expansion, according to the World Bank’s “Global Economic Prospects: East Asia and Pacific - The Turning of the Tide?” report released on June 5. 

Hue cyclo driver fined for overcharging American tourists

 A cyclo driver in the imperial city of Hue has just been fined for overcharging two American visitors to the city.

Passenger fined VND7.5m for injuring airline staff member

 A passenger was fined VND7.5m ($331) on June 7 for throwing a mobile phone and injuring a Vietjet Air member of staff after getting angry over a missed flight.

F&N hands in 15th registration to increase Vinamilk holding

Singapore-based F&N Dairy Investment has been repeatedly registering to buy over 14 million shares. This is the 15th time the investor has professed to its ambition of raising ownership in Vinamilk.

At least six months of waiting time for MobiFone shares

 Foreign investors may have to wait for a long time to buy MobiFone shares, especially after the authorities have published the conclusions of the AVG inspection.  

Houses not mass apartment building blamed for congestion in VN cities

 Some experts have called for far better public transport and apartment buildings in order to deal with severe congestion problem.    

HAG chairman makes another attempt to buy shares

 The chairman of agricultural firm Hoang Anh Gia Lai Joint Stock Company (HAG) has made another attempt to buy shares of the company after its share value plummeted.

Foreign investors eye bank shares

The funds managed by Alp Asia Finance have become a shareholder of Asia Commercial Bank (ACB) since May 7, holding a 10 percent stake of the bank. 

Exhibition “Perfect Reality” opened to visitors

Solo exhibition “Perfect Reality” by artist Luu Tuyen was opened to visitors at the Vietnam Fine Arts Museum in Hanoi on June 6. 

Inspections of exhaust emission yet to be conducted

 The Transport Ministry’s scheme approved by the Prime Minister in 2010 to impose checks on motorcycles’ exhaust emission has yet to be implemented by competent agencies to date, Nguoi Lao Dong newspaper reports.

Samsung US$43.8 tax payment buoys HCMC’s May budget

 A tax sum of VND1 trillion, or some US$43.8 million, from Samsung Electronics Co., Ltd. helped buoy the HCMC customs tax revenue in May to VND10.8 trillion and keep the decline under check, according to the HCMC Customs Department.

Solutions sought to boost foreign investment in government bonds

 Vietnam’s Government bond market needs to be made more appealing, as recent years have seen a lack of foreign participation.

Cabinet members hoped to translate words into action

 Legislators and voters expressed hope that ministers will put their words at the question-and-answer (Q&A) session of the 14th National Assembly’s fifth session into action.

Experts seek alternatives to burning straw

 Vietnam is wasting millions of tonnes of straw every year, which can instead be used to make useful fertilisers and protect the environment.

Father-daughter duo to rock Hanoi

 Two flamenco and classical guitar concerts by Michel Grizard and Helena Cueto will be hosted by L’Espace on June 21 and 23.

HCM City wins two golds in chess tourney

Members of the HCM City Chess Team won two gold medals at the 2018 National Chess Tournament on June 5.

Myanmar introduces Vovinam in six national sport academies

 Myanmar has introduced the traditional Vietnamese martial art vovinam into the curricula of six national sport academies in Nay Pyi Taw, Yangon, Madalay, Mon, Rayah, Shon and Sagain.

FMCG market: the race is in the high-end segment

VietNamNet Bridge - The FMCG sector in Vietnam is predicted to continue to have a growth rate of 20 percent per annum until 2025.

Czech Republic opens Honorary Consular Office in Hai Phong

 The Embassy of the Czech Republic in Vietnam opened its Honorary Consular Office on Cat Ba island in the northern city of Hai Phong on June 6.

Photo exhibition in Ukraine features Vietnamese land, people

 A photo exhibition on Vietnamese land and people is being held in Ukraine from June 5-8 to strengthen the friendship between the two countries.