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BUSINESS NEWS 2/8

CPI slightly increases in July

Vietnam needs to be more proactive in using products from US: experts

Vietnam has a trade surplus of $20 billion a year with the US, while the current account surplus is over 2 percent of GDP per annum.

EVFTA boosts bilateral trade between Vietnam and EU member states

The EU-Vietnam Free Trade Agreement has been inked, and is expected to usher in immense opportunities for Vietnam to expand its trade and investment ties with EU member states.

 

Balance needed for industrial and agricultural development

Tien Phong (Vanguard) newspaper speaks to two senior Government officials on how to balance the development of traditional crafts with agricultural production.

DKRA: Hospitality real estate still in favor

New supply and absorption see rapid rises in Q2 according to consultants DKRA.

Vietnam suggests stronger connectivity in East Asia, restraint on East Sea

Vietnamese foreign minister called on relevant sides to enhance trust and to not militarise but exercise restraint in the East Sea.

Volunteer ambulance drivers save lives in remote area

In Co Do District in the Mekong Delta city of Can Tho, there is a special team of volunteer ambulance drivers who offer free services to local people.

Foreign firms dominate Vietnam logistics market through recent M&As

Foreign companies account for 80% of Vietnam`s logistics market, which is likely to be valued at US$87 billion by 2022.

In Vietnam, convenience stores facing target hurdles

In contrast to expectations, owners of many foreign convenience stores in Vietnam may not be able to meet their ambitious targets in carving a firm niche in the domestic market, due in part to fierce competition from the biggest players. 

 

Underground parking areas a must for Hanoi

With the number of cars and bikes on the rise, Hanoi should accelerate planning for underground parking, experts have said.

More measures for better integrated coastal zone management

Experts discussed plans for Vietnam’s integrated coastal zone management (ICZM) by 2020 during a conference yesterday in Hanoi.

HCM City gets tough on illegal construction

HCM City authorities are considering imposing stricter penalties on individuals and companies that violate regulations on construction projects.

Field opens up for bigger M&A deals

Driven by momentum in growth, Vietnam’s mergers and acquisitions market is expected to continue its strong focus on the sectors of consumer goods, retail, realty, and banking in the months to come.

Does Zalo want to be a social network?

If it operates as a social network, Zalo will at a disadvantage compared with foreign social networks.

Traditional martial arts to be performed in Hanoi next week

About 1,500 athletes will take part in the Ha Noi Open Traditional Martial Arts Tournament which will be held on August 9-11.

Agriculture Ministry urges northern provinces to take action against fall armyworm

As fall armyworm are wreaking havoc across the northern provinces, leaders of the Ministry of Agriculture and Rural Development have been visiting the provinces to guide local authorities in their efforts to prevent FAW from spreading.

Ride-hailing vehicles to be managed by technology?

App-based ride-hailing vehicles may be managed by technology, instead of having to install a light box on top as proposed by the Ministry of Transport (MoT) earlier.

 

Harmful videos account for a half of YouTube's advertising revenue

YouTube keeps denying that it is abetting the spread of harmful videos in Vietnam, although half of its revenue comes from the advertisements running on these videos.

Vinalines sells old ships to restructure fleet

The Vietnam National Shipping Lines (Vinalines) plans to sell 11 old vessels with total tonnage of more than 230,000 tonnes this year.

Vietnam retail sales hit US$120 billion in seven months

The retail sales of goods and services totaled VND2.804 quadrillion (US$120.57 billion) during the first seven months of this year, a leap of 11.6 per cent on year, according to the General Statistics Office of Vietnam.