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BUSINESS IN BRIEF 4/8

Petrolimex earns pre-tax profit of $107m in H1, FPT to cut its stake in retail unit to below 50 per cent, Vietnam looks towards better investment climate, Vietnam posts best lychee crop in 60 years

Traditional pho shops crowded, modern pho chains deserted

VietNamNet Bridge - Modern style, good services, active marketing and heavy investment are not determining the success of pho (noodles served with beef/chicken) chains in Hanoi.

Heat, urbanisation hit Hanoi's farms

 VietNamNet Bridge – Ha Noi’s agricultural sector has faced many challenges due to climate changes and a reduction in agricultural land.

Hanoi to run double-decker tourist buses

The Hanoi Transport Department has urged the Hanoi Transport & Services Corporation to complete its plan to soon put into operation the City Tour route by double-decker tourist buses. 

Five dead, 15 missing in floods in northern mountainous localities

 At least five people were killed and 15 others went missing during downpours and floods in several northern mountainous provinces from August 1-3.

Vietnam beat Okayama Yunogo Bella in friendly match

 VietNamNet Bridge – Viet Nam national women’s football team beat Okayama Yunogo Bella Club 2-1 during their training session in Mimasaka City, Japan on August 2.

Land subsidence, rising seas threaten Mekong Delta

The sustainable development of the Cuu Long (Mekong) Delta faces many threats, especially the rising sea level, worsening land subsidence and declining sedimentation, 

24 climate response projects planned for Mekong Delta

The Ministry of Natural Resources and Environment has submitted a proposal to the Government to launch and/or complete 24 climate change response projects in the Mekong Delta region in the 2017-2020 period.

Hanoi Opera House presents a month of drama

 VietNamNet Bridge – A series of plays by artists from five leading troupes in the capital city will be performed at the Ha Noi Opera House in August.

Regional countries agree on safe labour migration

Ministers of labour from Cambodia, Laos, Myanmar, Thailand and Viet Nam – agreed to improve their migration management system and share responsibilities in contributing to safe labour migration.

U.S. ethanol makers steer away from fuel, reach for booze

A U.S. glut of fuel-grade ethanol has major producers, including Green Plains Inc (GPRE.O) and industry pioneer Archer Daniels Midland Co (ADM.N), pursuing other markets and idling excess capacity ...

Social News 3/8

 Expert: Cars should be restricted first, $852.7 mln approved for health care-population program in 2016-2020, Phone app helps report waterways violations, 5,000 people to take part in fundraising walk for AO victims

Processed food could be next big money-earner for Vietnam

Vietnamese are wasting many good agricultural products as they sell them as raw materials instead of processing them for added value. 

Flooding takes toll on Dien Bien, Son La

 Heavy rains in recent days have caused severe flooding in the northern mountainous provinces of Son La and Dien Bien.

Vietnam should speed up renewable energy development

 Vietnam should develop renewable energy sources in a timely manner in order to meet the rising demand for electricity in the years to come, according to industry watchers.

VinaPhone, Viettel slash roaming rates

 Domestic mobile carriers VinaPhone and Viettel have slashed charges for data roaming services for subscribers, helping them stay connected at an extremely low rate when going abroad.

PV Oil misses IPO schedule again

 PetroVietnam Oil Corporation (PV Oil)  still cannot launch a much-awaited initial public offering in July as scheduled, the second time it has missed the deadline in the past couple of months.

The man who infuses spirit into letters

Inside the Central Post Office in HCM City, foreign tourists might be captivated by not only the charm of the French-built building but also the image of an 87-year-old man who has been sticking with his job as ghostwriter. 

PM asks each sector to ensure its growth target achievement

 Prime Minister Nguyen Xuan Phuc discussed various issues while chairing the Government’s regular meeting on August 3, asking officials to take measures to ensure their sectors and agencies reach this year’s growth targets.

Mekong Delta short of specialized doctors

 The Mekong Delta has 152 doctors of five rare specialities and by 2020, over half of senior doctors will retire.