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BUSINESS NEWS IN BRIEF 6/11

Petro price hikes push Hanoi’s CPI up 0.24 percent, Dong Nai: $1.2 billion of FDI disbursed, FDI disbursement hits over $15 billion in ten months, 1.7 trillion VND weaving factory launched in Nam Dinh

Social News 6/11

Contest raises youth’s awareness of climate change, Danang to open Bach Dang pedestrian street and night market, Meteorologists warns comeback of high tide in HCMC, HCMC’s second metro line continues running behind schedule

Border EZs left idle as investors lose interest

As policies change, businesspeople investing money in border EZs (economic zones) have suffered heavily. Many of them have fled the EZs though they had injected hundreds of billion of dong into projects.

Many universities change hands in M&A wave

VietNamNet Bridge - With more and more M&A deals made recently, the education sector continues to be a field worth investing in.


Software firms have jobs, but lack workers

The high growth rate of software outsourcing and the lack of a labor force in the industry have triggered a vigorous human resources competition among software firms.

Vietnam proceeds to conserve geological heritage

The Prime Minister has approved a plan on conserving geological heritage, and developing and managing the network of geological parks in Vietnam, under which 25-30 geological parks would be recognized nationally or globally by 2030. 

International music festival in Hanoi presents new compositions

 VietNamNet Bridge – Composers and peformers will gather to present new compositions at the third Asia-Europe New Musical Festival 2018 which will take place in Hanoi on November 24-28.

The bumpy road of common ethanol fuel mixture

High prices of materials for ethanol production and relevant materials plus the high tariff levied on imported ethanol have significantly eroded E5 gasoline’s advantages.

Miss Viet Nam wins Mrs International 2018

Việt Nam’s representative, Vuong Ngoc Loan, has surpassed 30 other contestants from around the world to take the crown in the final round of Mrs International 2018, which was held in Singapore last Saturday.

Fresh policies come into effect from November

 A range of new regulations shall come into effect in November.

PM attends CIIE 2018

PM Nguyen Xuan Phuc partook in the opening ceremony of the China International Import Expo (CIIE) 2018 in Shanghai on November 5.  

Draft guiding decree issued for cyber security law

 The Ministry of Public Security has announced a long-waited draft Government decree guiding the implementation of the Law on Cyber Security. The law requires foreign technology firms to open offices and set up user data servers in Vietnam.

Vietnam struggles to boost high-quality rice exports

 Vietnam faces a dilemma following its shift to high-quality rice exports, as the demand from importing markets for low- and medium-quality white rice is still running high.

Public debt growth slows

 The growth rate of public debts has recorded an annual decline from 18.4% in the 2011-2015 period to the current 10%, a senior official from the Ministry of Finance was quoted by Dan Tri news website as saying.

No way to cope with toxic waste

Tran Hong Ha, Minister of Natural Resources and Environment, suggested assigning certain enterprises to manage and sell the waste abandoned at local ports within two months. However, no one would buy the toxic waste.

Hai Duong temple waits for restoration

Dong Temple – one of the most prestigious historical and cultural relics in the northern province of Hai Duong has sustained serious damage due to the effects of weather and time, despite efforts by local people and authorities

Vietnam puts high hopes on three business fields to develop in 4.0 era

Vietnam will gather strength in three production and business fields, considering these the pillars of the national economy in the 4.0 industry revolution era.

Festival brings German experiences to Hanoi

The Deutschland-Fest 2018: German experiences in Hanoi, opened at the Ly Thai To Statue, Hoan Kiem district, Hanoi, on November 2.

VN’s e-government gains global above average ranking

 Results from a survey on e-government announced in the Vietnam Digital Economy Forum 2018 showed that Vietnam stands at the 88th position among 193 nations with 0.59 point, ranking the above average.

Unknown origin IoT equipment possessing high security risks

 Evaluations from the Authority of Information Security under the Ministry of Information and Communications show that at the moment, there are many unidentified origin Internet of Things devices which cannot ensure the information safety.