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Hue Festival 2018 draws 1.2 million attendees

 Close to 1.2 million people, including about 400,000 tourists, took part in the 10th Hue Festival, which was held between April 27 and May 2.

BUSINESS IN BRIEF 4/5

 HCM City to get high-quality farm products from Long An, Aquatic product exports bring home US$2.4 billion in four months, Industrial production index increases by 11.4% in four months

More investors want to sell giant BOT projects to the govt

VietNamNet Bridge - More infrastructure developers want to transfer projects to the State because of a number of problems they face.  

VTC declines invitation to be honored by YouTube

VietNamNet Bridge - The Vietnam Multimedia Corporation (VTC) earlier this year unexpectedly refused to attend an event honoring content creators held in HCM City. 

Investing M&A Outbound Investment 30 years of FDI

 Foreign investors already active in the Vietnamese power sector are looking to expand their footprints in the country to create a more stable power supply in the near future, with increased focus on renewable energy.

Many villages in Vietnam's central region sinking

The central coastal region is facing more and more landslides, with many villages in danger of disappearing, though hundreds of billions of dong from the state budget have been used to save them. 

Honey collectors sweeten the deal

 VietNamNet Bridge – In U Minh District in the southernmost province of Ca Mau, there is a popular job called “gac keo ong” which literally means ’the guard of honey bees hives’.

FDI attraction an evolving landscape

A number of developments are likely to influence the viability of FDI into Vietnam in the years ahead.

Female workers invaluable to VN's economic development

 Vietnam is among the top countries around the world for the highest percentage of women in the labour force, at 72%, with female workers accounting for 48.4% of the total labour force, making an invaluable contribution to national development.

Government News In Brief 3/5

PM receives J.P. Morgan Chase's chairman, Senior leaders meet with voters ahead of National Assembly session, Standing Vice Chairwoman meets voters in Son La, Pocketbooks of Communist Party Manifesto introduced to public

Charts: Vietnam's exports-imports figures in first four months of 2018 released

 Total import-export revenue in the first four months of 2018 is estimated at US$144.13 billion, up 14.4% year on year, according to the General Department of Viet Nam Customs.

28 legal documents issued in Vietnam in March

 The Government and the PM issued 28 legal documents, including 19 Decrees and nine Decisions in March 2018. 

VN reviews foreign-funded projects in 2017-2018

 Deputy PM Pham Binh Minh asked for reviewing approved 26 projects using foreign loans in period 2017-2018 which are not listed in the mid-term public investment plan.

Finance Ministry to reduce, simplify 193 business conditions

The Ministry of Finance has proposed reducing and simplifying 193 business condition lines in seven areas of insurance, stocks, price, customs, auditing, finance-banking and tax. 

Ministry proposes cut in corporate tax, but hikes for other taxes

VietNamNet Bridge - The Ministry of Finance’s (MOF) recent proposals on raising many kinds of taxes and fees have been facing strong opposition from the public.

VN beat Chinese Taipei at AFC futsal event

 VietNamNet Bridge – Vietnam beat Chinese Taipei 1-0 in the first match of Group B of the AFC Women’s Futsal Championship on May 2.

Nobel-winning scientists to participate in international conference in Vietnam

The international conference ‘Science for Development’ will be held in Quy Nhon City of Binh Dinh Province from May 9-10 on the occasion of the 25th Anniversary of the Rencontres du Vietnam. 

Cambridge Analytica: Facebook data-harvest firm to shut

 Cambridge Analytica, the political consultancy at the centre of the Facebook data-sharing scandal, is shutting down.

VNG pledges to save 160 million leaked Zing ID accounts

 VNG Corporation has just announced that it discovered a post on an international forum with the confidential information on 160 million Zing ID accounts on April 26.

Experts help young Vietnamese innovators in developing sustainable inventions

 The 4th FabLab Asia Network Conference (FAN4) opened yesterday, May 2, in Ho Chi Minh City with the theme ‘Co-create a better world’.