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Social News 31/5

The press urged to raise public awareness of sustainability reports, Hanoi welcomes 3 million foreign tourists in five months, Book on Chợ Lớn lifestyle released, Trapped animals rescued, released in wild

Pre-feasibility study urged for North-South high-speed railway

 Deputy Prime Minister Trinh Dinh Dung has ordered the Ministry of Transport and Communication to conduct the pre-feasibility study report of the North-South high-speed railway project in order to submit to the National assembly.

Adjustments to Tan Son Nhat airport planning to be approved in June

 Adjustments to the planning of Tan Son Nhat International Airport in Ho Chi Minh City are expected to be completed for approval in June, the Transport Ministry said on May 29. 

Court upholds sentences for former Vietinbank officials

 The High-level People’s Court in Ho Chi Minh City has upheld charges and sentences for former officials of Vietinbank ruled at the first instance trial for their wrongdoings at the bank.

Vietnamese, Japanese FMs delighted at bilateral ties

 Deputy Prime Minister and Foreign Minister Pham Binh Minh and Japanese Foreign Minister Taro Kono expressed their delight at the rapid and practical development of Vietnam – Japan extensive strategic partnership over the past years.

Vietnam rolls out carpet for Japanese investment: President

 Foreign investments, including those made by Japanese firms, are an important driving force for Vietnam’s socio-economic development and improvement of the national competitive capacity, said President Tran Dai Quang.

Shares plummet on strong selling pressure

 Shares declined in the afternoon session as strong selling pressure forced the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) to fall below the 950-point mark to close at 948.5 points on May 30.

Legislators talk revisions to anti-corruption, sports laws

 Draft amendments to the Anti-Corruption Law and the Law on Physical Training and Sports are being discussed by the National Assembly (NA) on May 31, part of the ongoing fifth session of the 14th-tenure parliament.

French-era bomb found in Yen Bai

 Military sapper in the northern mountainous province of Yen Bai detonated a 150kg bomb, said to be left over by the French during the war in the first half of the 20th century, on May 30, ensuring safety for local residents.

BUSINESS IN BRIEF 31/5

 VN-Japan talk farm technology co-operation, VN’s five-month agro-forestry-fishery exports, Imports of garment and footwear materials from Canada surge strongly, TH Group expects IPO in Singapore within next two years

Get lost on garden islets of the Mekong Delta

 VietNamNet Bridge – A single day’s trip from HCM City can take you to green and tranquil gardens in the Mekong Delta.

Nearly all banks make a profit in first quarter

VietNamNet Bridge - Most banks reported satisfactory profits for the first quarter of 2018, but their asset exploitation and capital use efficiency varied.

Local F&B firms expand to counter foreign competition

 Local food and beverage (F&B) firms are expanding operations and upgrading the management technology and production lines in response to foreign competition.

Blockchain heats up Vietnam’s technology circle

VietNamNet Bridge - Vietnam has recently become a blockchain R&D center in the region. The technology has been the major topic of many workshops and conferences organized this year. 

Consumer finance firms rake in cash

 Data from StoxPlus and the National Financial Supervisory Commission shows that Vietnam’s total outstanding consumer credit reached a size of roughly $26.5 billion by the end of 2017.

Quang Nam: resorts ‘swallow’ forests, ‘block’ sea

VietNamNet Bridge - In the central province of Quang Nam, protective forests have been cleared to make room for resorts, while tourism projects have blocked the way to beaches.

Education Ministry draws up exam scheme reform, then quickly recalls it

VietNamNet Bridge – The Ministry of Education and Training’s (MOET) decision to withdraw an examination reform plan has posed a question about the ministry’s way of renovating education.

Trace of first human settlement in Hanoi needs protection

 VietNamNet Bridge – Archaeologist Lam My Dung, 59, and her students were digging at the Vuon Chuoi archaeological relic in Hoai Duc District on the outskirts of Hanoi in 2011. 

Doctors warn foods no way to treat dehydration

 VietNamNet Bridge – Doctors in Hanoi have warned parents to be more cautious when treating their children with food products that claim to contain Oral Rehydration Salts.

Tide of shrinking foreign investment on the turn

Vietnam’s FDI attraction has been showing signs of recovery in the in first five months of this year after consecutive decreases, thanks to the issuance of the first casino licence in the past 10 years to Laguna Lang Co Integrated Resort.