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Toyota announces Summer Benefit Concert Series lineup

 On July 19, Toyota announced the lineup for its annual Summer Scholarship Benefit Concert Series, giving fans the opportunity to see some of their favourite artists perform at venues across Vietnam.

Three Vietnamese kids in the running for Asian beauty pageant title

Three Vietnamese youths are contestants at this year’s Prince& Princess 2017 beauty pageant in Chiang Mai, Thailand.

Party leader leaves for State visit to Cambodia

 Party General Secretary Nguyen Phu Trong left Hanoi in the morning of July 20 for a State visit to Cambodia from July 20-22 at the invitation of Cambodian King Norodom Sihamoni.

Domestic materials for E5 fuel in short supply

The Ministry of Industry and Trade (MOIT) estimates that from January 1, 2018, when Vietnam shifts from using RON 92 to RON 95 and E5, total E5 consumption volume would be around 5.357 million cubic meters, or 70 percent of total fuel demand.

Workers over 35 squeezed out of jobs at foreign-invested firms

According to a General Confederation of Labor survey, there are about 300 industrial zones (IZs) and export processing zones (EPZs) throughout the country, attracting 2.8 million workers.

BUSINESS IN BRIEF 20/7

 Creditors let Vinashin restructure US$600 million debt until 2025, Searefico sells 20% stake to Japanese partner, Chu Lai economic zone attracts US$1.5 billion, Vietnam ships footwear to nearly 100 countries

Education Ministry urged to reconsider 2-in-1 exam

VietNamNet Bridge - Analysts say that nearly 100 percent of students can pass the new 2-in-1 exam, which indicates it is ineffective.

Which way for e-wallets – ecosystems or payment instruments?

E-wallets have been changing, struggling to exist among stiff competition. No e-wallet dominates the market, with many of them designed to serve specific ecosystems targeted by investors.

Need for smart, clean toilets a no-brainer

“Toilet knight” is the nickname of Le Van Hiep, director of the Kim Hoang Hiep Trading, Service and Environment Limited Company, based in the southern province of Binh Duong.

Vietnam to have more wholly foreign-owned bank

 The State Bank of Viet Nam’s Governor Le Minh Hung on Wednesday gave approval in principle to the Singapore’s United Overseas Bank Limited to open a 100-per cent foreign owned bank in Viet Nam.

US largest export market for VN’s footwear, bags

 The United States (US) has been the largest export market for Vietnamese footwear, bags and suitcases in the first five months of 2017, the General Department of Customs said.

Storm Talas claims seven lives, leaves four missing

 Tropical storm Talas, which wrecked havoc in the northern and central regions of Vietnam, claimed seven lives and left four others missing by 5pm on July 18. 

VPBank to become largest private bank on HOSE

 Viet Nam Prosperity Joint Stock Commercial Bank (VPBank), once listed, will become the largest private bank by market capitalisation on the HCM Stock Exchange (HOSE).

Domestic retailers face challenges

 Domestic retailers are facing a lot of challenges and losing market share to foreign rivals due to limited capital, scale and governance skills. 

Another luxury train launched on HCM City-Nha Trang route

 The Sai Gon Railway Transport Joint Stock Company has launched a luxury train from Ho Chi Minh City to Nha Trang.

Lao Vice President visits Hoa Binh

 A Lao delegation led by Vice President Phankham Viphavanh visited the northwestern mountainous province of Hoa Binh on July 19.|

Dengue fever booms in summer

 Over 50,000 dengue fever cases have been reported nationwide, with 15 deaths so far this year,according to the National Hospital for Tropical Diseases.

Vietnam – Cambodia border route opens to traffic

Vietnam and Cambodia on July 19 held a ceremony to allow each other’s vehicles to go through the pair of international border gates at Le Thanh- Oyadav in Gia Lai and the neighbouring Cambodian province of Ratanakiri.

Vietnam, Indonesia look to enhance partnership

 Deputy Prime Minister Vuong Dinh Hue held working sessions in Jakarta on July 19 with Indonesian Foreign Minister Retno Marsudi and Minister of Trade Enggartiasto Lukita to seek ways to further expand the partnership between the two countries.

Vietnam’s biggest polymetallic project fined for violations

The Nui Phao mining project, Viet Nam’s biggest polymetallic operation, has seriously violated regulations on environmental protection, mining, and use of land and water resources,