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VinaCapital divestment bout continues with $11 million deal

The HCM City Stock Exchange just announced that three of VinaCapital’s foreign investment funds have recently sold more than 29.4 million shares of Quoc Cuong Gia Lai Joint Stock Company.

VN Index to test 730 points this week

 Viet Nam’s benchmark VN-Index is expected to rise further this week and meet a strong test to get past the level of 730 points.

ATM services must run 24/7: Bank

 Following recent complaints that several banks in Viet Nam have stopped providing ATM services at night, the State Bank of Viet Nam (SBV) has ordered all banks nationwide to provide ATM services 24/7.

Seafood exporters slam red tape

 The Government will likely ease the requirement for seafood enterprises to submit declarations of conformity with food safety regulations, officials said at a conference on Saturday.

Shake-up needed in managing State capital

 Viet Nam urgently needs an effective model for managing State capital at State-owned enterprises (SOEs) to prevent loss and corruption while promoting efficiency in using State capital.

Binh Son Refining and Petrochemical Company to sell shares, seek out experienced investors

Binh Son Refining and Petrochemical Company Limited, the operating and managing unit for the Dung Quat Refinery, has sent invitations to 15 domestic and foreign investment funds in preparation for IPO in the third quarter of 2017.

Clean farming method benefits needy people

 Unlike in previous years, thousands of farming households in Triệu Phong district of central Quang Tri province see organic farming as offering a sustainable livelihood and a way out of poverty.

VN macadamia growers advised to be cautious

 The planting of Macadamia trees is expected to help the Central Highlands provinces in general and Dak Lak province in particular to reduce poverty.

It’s time to have a law on controlling air pollution: experts

VietNamNet Bridge - Air pollution is getting more serious in large urban areas, with pollution in the north more serious than the south. 

BUSINESS NEWS 15/5

 Development gap hinders linkages in APEC auto industry, Striving for 1.2 percent GRDP contribution rate, Doosan Vina exports cranes to India, Hanoi-Hai Phong Expressway investor grieves over lack of support

$87.6 million project stops after 3 years of operation

VietNamNet Bridge - The Ministry of Education and Training's (MOET) project on applying VNEN (the Vietnam Escuela Nueva) model at general schools has not succeeded. 

The back-up plan of domestic automobile manufacturers

Contrary to all predictions, automobile manufacturers have set modest targets for this year’s business plans. After a two-year boom, the automobile market is expected to be more quiet in 2017.

Da Nang student invents flood warning system

VietNamNet Bridge - At the Da Nang University of Technology, Nguyen Huynh Nhat Thuong is a famous student. His early warning system for floods has won top prizes at scientific research contests.

Old fisherman with burning passion for innovation

 Despite being born into a poor family, Huynh Tien has had a thirst for invention. Realising farmers tend to stick to low-productivity traditional farming techniques, he worked to devise an automatic seeding machine in 2013 and a ridger in 2015. 

President takes trip to China’s Fujian province

 President Tran Dai Quang on May 13 toured Fujian province, a coastal locality in south-eastern China, as part of his State-visit to the country.

Vietnamese cuisine wins increasing popularity in Czech

The crowds of visitors around booths selling Vietnamese food at the Embassies Food and Culture Festival in the Czech Republic’s Prague on May 13 reflected the increasing popularity of the Southeast Asian country’s cuisine in Prague.

A glimpse of France in Da Nang

Those who haven’t had a chance to set foot in France yet, or who want to recall some memory of this European country, may want to visit the French village within the Ba Na Hills Mountain Resort in Da Nang.

Vietnam grabs bronzes at Asian wrestling championships

 Dao Thi Huong won a bronze medal at the 2017 Asia Wrestling Championships which took place from May 10-14 in New Delhi, India. 

Salmon farming in Vietnam

 Hoang Van Ta, 53, was the first person to farm salmon in his commune in the mountainous province of Lang Son in 2007 and now he earns as much as 4-5 billion VND (180,000-220,000 USD) a year from salmon.

Work starts for big tourism complex in Cat Ba Islands

 Work started on May 14 on the first phase of a big ecological tourism complex on Cat Ba Islands in the northern port city of Hai Phong, which is projected to be Vietnam’s first carbon-free tourism area.