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Firms consider pulling out of social housing projects

The massive stimulus package of VND30 trillion (US$1.32 billion), introduced in 2013 to encourage social housing development in Viet Nam and revitalise the listless real estate sector, has been entirely disbursed. 

Vinalines' designs to maintain controlling stake in three strategic seaports

 Vietnam's shipping group Vinalines are looking to keep holding at least 65 per cent of the chartered capital in large-scale seaports in Haiphong, Danang, and Saigon, which are considered geese that lay golden eggs.

Vietnam wraps up SEA Games 2017 with 58 gold medals

 Vietnam officially concluded their campaign at the 29th SEA Games in Kuala Lumpur, Malaysia, on August 29, settling for third place overall with a collection of 58 gold, 50 silver and 60 bronze medals. 

HCM City leaders to spend two days a month meeting citizens

 HCM City People's Committee leaders will meet the public twice a month to help deal with their complaints. 

Vietnam landscape from height

The photo contest Vietnam Viewed From Height organized by Tuoitre newspaper has received 3,389 photos from 358 photographers across the country. Following are the awarded photos.

Best-selling items during Vu Lan Festival

Fruits, flowers, joss paper, votive objects, vegetarian food, and Buddhist clothing, just to name a few, are best-selling products during Vu Lan (Parents' Day) and Xa Toi Vong Nhan (Wandering Soul’s Day) festival.

Startups on the move in Vietnam social media market

 Over the past decade, the social media market in Vietnam has been booming and shows no signs of slowing anytime soon, say representatives of Vietnam Social Media Corporation.

SOEs divest $163.4 million in 8 months

State-owned enterprises divested $163.4 million in book value from investment in non-core operations during the first 8 months of 2017, according to the Ministry of Finance’s Corporate Finance Department.

Vietnamese official meets Japanese parliament, foreign ministry leaders

 Politburo member Pham Minh Chinh met Chairman of the House of Councillors of Japan Date Chuichi and Japanese Foreign Minister Taro Kono in Tokyo on August 30, the last day of his working visit to Japan. 

German House in HCM City to open in September

 The 25-storey German House project, which is located at the centre of District 1 in the southern economic hub of Ho Chi Minh City, will welcome the first guests on September 5.

APEC SOM3 and related meetings conclude in HCM City

The third APEC Senior Officials’ Meeting (SOM3) and related meetings wrapped up in Ho Chi Minh City on August 30 after 13 days of working. 

Hanoi, Utah state form cooperative partnership

The Hanoi City People’s Committee signed a Memorandum of Understanding on forming friendly and cooperative relations with the US state of Utah on August 30. 

Vietnam fulfills target of being in top three at SEA Games 29

 Vietnam won a total of 58 gold, 50 silver and 60 bronze medals to stay at the third place in overall rankings of the 29th Southeast Asian (SEA) Games, which concluded on August 30, meeting its set target.

Set targets might be unachievable without drastic efforts: PM

If development tasks are not implemented in a drastic manner in September and the fourth quarter of 2017, they might not be achieved, Prime Minister Nguyen Xuan Phuc said at the Government’s August regular meeting yesterday.

“Say No to Ivory” campaign launched to protect elephants

 A “Say No to Ivory” campaign was launched in Ho Chi Minh City on August 30 with a view to raising public awareness of elephant protection.

Ga Nuoc Dua indulges your taste with new version of southern hotpot

 VietNamNet Bridge – South Vietnamese fare in Ha Noi has been mainly limited to banh xeo (sizzling crepe), bun bo Nam Bo (southern-style stir-fried beef noodle), or lau ca keo (keo fish hotpot). 

BUSINESS IN BRIEF 31/8

Asia – emerging market for Vietnamese shrimp exports, Vung Ang attracts investments after Formosa incident, Coal development plan announced, German bank considers loans for projects in HCM City

New energy sources: households can generate solar power

VietNamNet Bridge - More and more households plan to install solar panels on their roofs to generate electricity. Once EVN completes its policy on electricity purchase, households will be able to join the electric power market.

Will HCM City build dykes similar to those used in the Netherlands?

VietNamNet Bridge - With increased land subsidence, HCM City needs to build dykes like the ones used in the Netherlands to prevent tides and floods, experts have urged.

Vietnam’s plans to pump more money into economy risky: economists

Economists have warned that many problems may arise if VND700 trillion is pumped into the national economy to raise the credit growth rate to 22 percent and obtain 6.7 percent GDP growth rate this year.