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BUSINESS IN BRIEF 7/7

 "Made in Vietnam" cargo container cranes arrive at India, VN-Index up on investor confidence, Cam Ranh airport service company to launch IPO on July 12, HFIC to become investor of HCM financial centre     

IMF forecasts Vietnam's GDP at 6.3% in 2017

The IMF has forecast Viet Nam’s economic growth at 6.3 per cent in 2017 against the Government’s 6.7 per cent target, but noted that ambitious reforms could raise the country’s growth potential.

Climbing up Thoi Loi mountain in Ly Son island

 Formed by volcanic eruptions millions of years ago, Ly Son island and its Thoi Loi mountain boast a magnificent beauty.

Vietnam football drops two notches in FIFA rankings

 Vietnam’s national football squad has fallen two notches from a month earlier, ranking 133rd with 231 points in the latest FIFA rankings, the International Federation of Football Associations (FIFA) announced on July 6.

Town filled with rubbish as dumping site overloaded

 Huong Khe Town in the central province of Ha Tinh has been covered in rubbish and a foul smell as their only dumping site is overloaded.

Vietnam struggles to meet 6.7% GDP growth rate

 Several economists and commentators have said that Vietnam needs increased administrative reform and investment in other sectors to boost GDP as oil is not a sustainable answer.

Brazilian TV presenter receives Vietnam’s press award 2016

 The Vietnamese Embassy in Brazil held a ceremony on July 6 to present the third prize of the National External Information Service Awards 2016 to William Gsiant, a presenter of TV Supren in Brasilia.

HCM City looks to turn landfills into leisure

HCM City authorities are calling for investment in the form of public private partnerships (PPP) to build golf courses, parks, trade centres or property projects on three closed landfill sites.

In VN, many ministries oversee one noodle

Businesses are complaining of excessive and overlapping regulations regarding food hygiene and safety management that not only burden them but have proven ineffective.

Food Corp asked to punish wrongdoers

The Ministry of Agriculture and Rural Development has asked Vinafood 2 to review and punish individuals or groups associated with the corporation’s “mistakes” that have caused losses to the State budget. 

Korean city to support green, smart city in Da Nang

The Korean city of Daegu will help build an integrated managment centre on green and smart urban management in the central city of Da Nang. 

France to end sale of diesel and gasoline vehicles by 2040

France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, 

Labor ministry plans to send skilled workers abroad for guest work

 The Ministry of Labor, Invalids and Social Affairs (MOLISA) is drawing up a plan to send high-skilled workers abroad for guest work, especially aging countries.

Import ban on used machines hits Japan investment

 The ban on import of machineries and equipment that have been used for over 10 years has negatively affected Japanese investment activity in Vietnam.

The 9x woman billionaires in Vietnam’s stock market

VietNamNet Bridge - The female billionaires born in the 1990s were born into rich families with parents who were or are the bosses of large listed corporations.

Fish sauce scandal: stricter discipline urged for consumer protection body

 Deputy Prime Minister Truong Hoa Binh has urged the Ministry of Industry and Trade to impose a stricter form of discipline on Vinastas for their involvement in last year’s fish sauce scandal.

Flooding causes heavy damage to mountainous Northern provinces

 Several mountainous Northern provinces are suffering heavy damages caused by flooding and landslides, due to heavy rain in the region over the past few days, negatively effecting the lives of the local population.

Vinalines valued at over US$736.60 million

 The overall value of Vietnam National Shipping Lines (Vinalines) for equitisation was determined at VND16,741 billion (US$736.60 million) including VND10,144 billion (US$446.33 million) worth of State capital.

Stern leader takes the reins at Sacombank

 After two years, the long-awaited annual general meeting (AGM) of Sacombank was held last week, seeing Mr. Duong Cong Minh elected as the new Chairman for the 2017-2021 tenure.

Real estate market soars, promising brighter future for companies in crisis

 Stark increase in real estate pricing in the south, especially in Ho Chi Minh City, has fostered businesses in this sector to regain strength.