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Private sector expected to build sustainable aviation sector

Viet Nam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues.

 

How best to manage and operate business families

A conference on “Business Families: Developing the Next Generation Best Practices of Internationally Successful Business Families” was held recently for business owners, leaders, and senior management teams at Vietnamese enterprises.

 

Foreign banks in Vietnam raise capital for expansion plans

Foreign banks have so far gained positive business performance in the Vietnamese market and their results are estimated to be better than Vietnamese banks with the same scale in capital and total assets.

Vietnam projected to attract US$42 billion in solar power projects by 2035

Solar power could be considered an important instrument for Vietnam to fulfill the sustainable development goals.

Habeco forecasts profit to drop a third to 10-year low

The Ha Noi Beer-Alcohol-Beverage JSC (Habeco) has forecast its post-tax profit will fall 36 per cent year-on-year to VND310 billion (US$13.3 million) in 2019, the lowest in 10 years.

 

Rain and high winds destroy houses in the north

Hail, thunderstorms and strong winds that hit several northern mountainous provinces over the past three days have caused damage to agricultural production, according to the National Steering Committee for Natural Calamity Prevention.

Stop-over charter flights proposed for Van Don Airport

 Newly-operated Van Don International Airport in the northern province of Quang Ninh is seeking the Ministry of Transport’s permission for serving stop-over charter flights.

 

An Giang family keeps corpse at home for 50 years

A family in the southern province of An Giang has kept the body of a member who died 50 years ago at home.

 

Serial violations involving state foreign travel expenses

The Vietnam Government Inspectorate announced violations by state officials in various localities during the 2012-2016 period in terms of their foreign travel expenses.

 

VinFast automobile factory to become operational in June

Vietnamese automaker VinFast announced on Tuesday that the firm will officially put its automobile manufacturing factory into operation in June this year, three months earlier than scheduled.

 

Talented female designer offers ao dai designs

Fashion designer Thuy Nguyen will organise the show Tinh Tang (Folk Sound) in HCM City this week to celebrate the last eight years of her career.

Festival to honour traditional handicraft

 A space for artisans from across the country to showcase their products and skills is the highlight will be the eighth Hue Traditional Craft Festival from April 26 to May 2.

BlackRock proposes to secure funds for Dung Quat oil refinery expansion

The global investment firm proposed mobilizing capital for the project under the form of sale-and-leaseback, VietnamFinance reported.

Pessimism may drag VN stocks further this week

Vietnamese shares may continue falling this week as investors remain pessimistic about economic and business prospects in 2019.

Vietnam’s steel industry facing nearly 50 anti-dumping and –subsidy investigations

Vietnam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the VN Trade Defence Department.

 

HCM City struggles in war on drugs

 Several recent large drug seizures in HCM City have raised concerns over the extent of drug crimes in the city, and the local administration is fighting back. 

Bao Loc – the new metropolis for sericulture

Silk has become more favored in the world market, with the value of raw silk market alone estimated at $20 billion. Bao Loc could serve as a jumping board for Vietnam to join the lucrative market.

Vietnam’s market for luxury departments appeal to Chinese investors

In 2018, only 23% of luxury homes were sold to locals, outpaced by Chinese, while South Koreans and Hong Kong (China) residents followed closely behind.

Vietnam Airlines gets green light to list shares on HoSE

With a par value of VND10,000 (US$0.43), the total value of the share amount in subject is VND14.18 trillion (US$611.64 million).

Vietnam affirms imposing of death penalty on absolutely severe crimes only

Vietnam has many times reduced the number of crimes punishable with death penalty and the latest move was made in the 2015 Criminal Code, which took effect in 2018.