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Central bank adamant on credit growth cap

 Local credit institutions might struggle more in the second half of the year, with some even having to downsize full-year profit targets.

Condotel licensing halt may lead to turbulence

 A rapid increase in supply and the lack of a legal framework in condo hotels (condotel) have forced some local authorities in coastal locations to consider a temporary suspension of licences for new projects in the segment. 

Wind power needs some tailwind

 Despite the feed-in-tariff for wind power not being as high as for solar power, numerous investors still expressed willingness to develop projects.

Accelerating billion-dollar investment commitments

 Billion-dollar investments are committed left and right at investment promotion events across Vietnam, but how many of these will come true?

Lax rules open doors for online fraud

 With the e-commerce market booming, the sales of counterfeit and prohibited products have become increasingly widespread.

Japanese firm acquires Fecon Mining

 Asia Pile Holding, through its member Phan Vu Investment Corporation, will purchase 20.91 million of FCM stocks, equivalent to 51 per cent of Fecon Mining JSC, the largest pre-stressed concrete pile producer in the north of Vietnam.

Scrutinising foreign ownership limit in Vietnamese airlines

 Controversy persists among the aviation sector’s major players over setting the foreign holding cap at Vietnamese airlines either at 49 or 30 per cent.

Call to relax regulations on the classification of ride-hailing firms

 Vietnamese experts are calling for regulatory bodies to relax regulations treating ride-hailing companies as taxi firms because some fear the consequences that could impact the development of new business models and technology advancements.

Diverging outcomes anticipated among listed petroleum firms

 Amid positive fundaments in the year’s second half, the opportunities are touted as dissimilar for listed petroleum firms dependent on their specific fields of operations.

Toyota to invest $500m in Uber in driverless car deal

 Japanese carmaker Toyota is to invest $500m (£387m) in Uber and expand a partnership to jointly develop self-driving cars.

145ha of forest land returned to national park

 VietNamNet Bridge – At least 145ha of land has been returned to Bu Gia Map National Park by local residents in the central province of Binh Phuoc, according to the local forest management board.

Social support vital to climate change recovery

Comprehensive and effective social support is a powerful tool for increasing resilience to shocks, helping vulnerable households build and diversify their livelihoods, skills and assets in response to climate change.

POSCO wins $72.33 million contract for Long Son Petrochemical Complex

 POSCO Engineering & Construction (POSCO E&C) recently said that it signed a KRW81.2 billion ($72.33 million) contract to lay the groundwork for Long Son Petrochemical Complex (LSPC) in Vietnam, according to newswire Yonhapnews.co.kr.   

Government News 28/8

PM orders ministries to ensure road traffic safety, Resolution to improve construction investment, Prime Minster signs directive on strengthening management of drugs, New Zealand Trade Ministry promotes partnerships with VN

Art & Entertainment News

 Three famous comedians reunite in TV series, Book explains oil-on-canvas for VN readers, Mahatma Gandhi Bust inaugurated in Hà Nội, Music festival to mark Vietnam-Japan diplomatic ties

Turning industrial waste into gold

 Waste disposal has become a major problem in countries all over the world, including Vietnam. New technologies could help reduce the number of landfills by converting waste into fuel for the cement industry.

Bo mot nang - A Highlands’ specialty

In Vietnamese cuisine, there are many creative ways of preserving food, including fermenting, using salt and smoking. But there is one method which is not only helpful in preservation but can create a natural flavour for the food, 

Air pollution may harm cognitive intelligence, study says

 Chronic exposure to air pollution can cause harm to cognitive performance, a new study reveals.

Multi-level Greenlife, Oriflame, and Unicity fined for a billion dong

 Greenlife Corporation, Stella Ivy Cosmetic Co., Ltd. (Oriflame), and Unicity Marketing Vietnam Co., Ltd. will be penalised for a total of VND920 million ($40,700).

Vietnam in the forefront of Parkson Reail Asia's losses

 Parkson Retail Asia’s Vietnamese operations continue reporting losses, as it recorded negative sales performance for the fourth quarter and the full year ending on June 30, 2018.