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UOB sets up Vietnam subsidiary

 United Overseas Bank Limited (UOB) has become the first Singaporean bank to open a foreign-owned subisdiary in Viet Nam.

Regulations on bank establishment to be eased

 Business conditions related to the establishment and operation of joint stock commercial banks and non-bank credit institutions in Viet Nam will be eased under a draft circular from the State Bank of Vietnam.

Khanh Hoa rank fourth in AFC volleyball champs

 Viet Nam’s Sanest Khanh Hoa ranked fourth in the 2018 Asian Men’s Club Volleyball Championship after losing to Pakistan’s WAPDA team in the bronze-medal match in Myanmar on August 6.

Specialist police unit set up to target loan sharks in Binh Thuan

Police in southern Binh Thuan Province have set up a special police unit to crack down on illegal loan sharks, which have reportedly been increasing their activities with many sophisticated tricks that ensnare locals in never-ending debt traps.

$645mil. for urgent transport projects in VN

A budget of 15 trillion VND (645 million USD) will be spent on 14 urgent transport projects during the 2016-2020 period under the Standing Committee of 14th National Assembly’s Resolution No.566/NQ-UBTVQG14. 

Government News 8/8

PM: Public security force must effectively implement plans, Sympathies to Indonesia over losses caused by earthquake, Diplomats seek to improve consular affairs, citizen protection, Sympathies to Indonesia over losses caused by earthquake

Outgoing Belgian ambassador receives friendship insignia

The Vietnam Union of Friendship Organisation (VUFO) has presented the “For Peace and Friendship Among Nations” insignia to Belgian Ambassador to Vietnam Jehanne Roccas.

Vietnamese ride-hailing app to debut in HCM City

 The ride-hailing application FastGo will debut in Ho Chi Minh City this month, giving another choice of travel and payment methods for customers of the city.

President receives new foreign ambassadors

 President Tran Dai Quang on August 7 hosted separate receptions for the new ambassadors from Chile, the UK, Poland, Gambia, Uganda, Nepal, Jamaica, Guatemala and Botswana.

Shortage of IT personnel in Japan: Opportunities for Vietnam

 A shortage of IT personnel has prompted Japan to adopt measures to attract foreign talents in the field, which opens up opportunities for Vietnamese IT engineers and firms. 

Vietnam Open Badminton Champs kicks off in Ho Chi Minh City

 The Yonex – Sunrise Vietnam Open 2018 Badminton Championships kicked off in Ho Chi Minh City on August 7.

Vietnam looks to deepen relations with Rwanda, Guinea

 Vietnam always attaches importance to promoting the friendship and cooperation with traditional friends in Africa, including Rwanda and Guinea, said President Tran Dai Quang. 

Yen Bai: Nearly 40 houses damaged due to heavy rains

 Nearly 40 houses in Luc Yen district in the northern mountainous province of Yen Bai were damaged due to torrential rains on August 6-7.

Vietnam actively realizes ASEAN commitments

Vietnam has actively got involved in the realisation of ASEAN commitments since the country joined the association on July 28, 1995, according Deputy Minister of Foreign Affairs Nguyen Quoc Dung.

Quang Tri: over 460 shells deactivated

 Competent forces in central Quang Tri province’s Huong Hoa district have deactivated more than 460 shells, according to the provincial mobile bomb and mine clearance team under PeaceTrees Vietnam.

When pandan is more than just a leaf

 VietNamNet Bridge – Back in 2017, Hanoians, especially teenagers, were crazy about the new menu at Huyen Vi Café in the centre of Hanoi’s Old Quarter, 5B Dinh Liet Street. 

BUSINESS NEWS IN BRIEF 8/8

Vietnam works hard to have “yellow card” warning removed, VIB buys back all bad debt from VAMC, HCM aims to promote retail sector as key economic contributor, Legal corridor needed for digital industry     

Social News 8/8

CAAV asks Lao Cai to reconsider airport project, Honeymoon and Wedding Perfect expo returns in August, HCMC seeks funds for improving traffic infrastructure, Health authority ensures continuous ARV treatment for HIV/AIDS-positive people 

Vietnam encounters barriers exporting rice to China

Vietnam’s rice export price has unexpectedly surpassed Thailand’s prices, but the good news has been overshadowed by China’s higher import tariff on sticky rice and tighter control over imports.

Vocational schools look forward to getting every student

While training divisions at universities are busy these days dealing with the high numbers of applications, enrollment officers at vocational schools are idle because of the lack of students.