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Noi Bai Airport to be expanded at cost of $27 million

 The Civil Aviation Authority of Vietnam has proposed a project on expansion of Noi Bai Airport at the cost of VND620 billion ($27,292,623).

Mu Cang Chai among world's 19 most beautiful mountains

 US travel site Insider calls town in northern Yen Bai province "a hidden gem" for its terraced rice fields.

Exports of garment and textile hit US$31 billion

 Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2%, and the outlook is bright for next year too.

Northwestern localities join hands to develop regional tourism products

 Representatives from local authorities in the northwestern, central agencies on tourism and travel enterprises gathered at a workshop in Lao Cai on December 16 to discuss measures for strengthening linkage to promote and develop tourism products.

Central Inspection Commission finds multiple violations at provincial Party organisations

 The Central Inspection Commission (CIC) has found multiple violations committed by Party committees in Thanh Hoa, Quang Nam, Vinh Phuc and Dak Nong provinces.

Vietnam’s e-commerce market booming

 Viet Nam is one of the world’s fastest growing e-commerce countries, Lai Viet Anh, deputy director of Viet Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade, said.

Thousand billions in lost tax from foreign enterprises

 Vietnam has lost thousands of billions of dong in taxes as foreign enterprises, especially large-scale ones, refuse to pay based on the Double Taxation Avoidance Agreement.

Hundred-million dollar projects from the dawn of FDI attraction

 Not long after Vietnam's Law on Foreign Investment came into effect in 1987, the food and beverage processing industry emerged as a potential sector with many hundred-million dollar projects. 

Strengthening linkages between FDI and domestic enterprises to support industry development

 The processing and manufacturing industry is always the most attractive FDI segment, accounting for 45 per cent of total registered investment capital. However, Vietnamese enterprises are stuck on the lower rungs in the global supply chain.

Notorious Chu Lai Soda closing might cost $90 million for bankers

 Banks are worried that Chu Lai Soda Processing JSC (Chu Lai Soda) will default on its VND2 trillion ($88.1 million) debt as the soda processing factory has been forced to suspend its operations since August 2016 due to violations in discharge.

President of Moroccan House of Representatives begins Vietnam visit

 President of the Moroccan House of Representatives Habib El Malki is paying an official visit to Vietnam from December 16-22.

Laos still attractive to Vietnamese investors: minister

 Vietnamese businesses still think Laos is an attractive destination and will continue to invest in the country despite a slowdown in out-bound investment.

Vietnam, US universities enhance cooperation

 The Vietnam National University - Ho Chi Minh City (VNUHCM) and the University of California Los Angeles (UCLA) inked a memorandum of understanding (MoU) in Washington DC on December 16.

Social News In Brief

Free bus information via Zalo in Da Nang City, Quang Nam receives largest amount of aid from RoK, Da Lat to host next National TV Festival, New flag tower inaugurated in Lao Cai northern border province

Vietnam prepares to take advantage of CPTPP agreement

 Although the US withdrew from the TPP, ministers of 11 TPP members reached a consensus on a new deal and called it the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 

Binh Son refining company to open Vietnam’s largest IPO in January

 Binh Son Refining and Petrochemical Co Ltd, the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year, hoping to garner US$157.4 million for State coffers.

Vietnam’s first ice hockey match held in HCM City

 The first ever hockey match to take place in Vietnam was held in District 2, Ho Chi Minh City on December 14, attracting many spectators.

Vietnamese para athletes win golds at Asian Games

 Vietnam brought home three golds, five silvers and two bronzes from the Asian Youth Para Games 2017, which took place in Dubai from December 7 to 14.

National Tourism Year 2017 winds up

 The National Tourism Year 2017 Lao Cai-Tay Bac rounded off with a ceremony held in the northern mountainous province of Lao Cai on December 16.

Ancient Chuong pagoda

 Chuong (Bell) pagoda in Nhan Duc village, Hung Yen province, guards a number of precious historical relics. It is part of the Pho Hien Special National Relic Site.