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HCM City to increase parking fees

 HCM City will increase automobile parking fees on some sidewalks and roadsides in the city centre to VNĐ20,000-40,000 (US$0.9-1.8) per hour from June 1.

Lavrov’s visit to Vietnam was postponed

 The visit of the foreign Minister of the Russian Federation Sergey Lavrov in Viet Nam, which was to begin Monday, has been postponed, according to Viet Nam’s Ministry of Foreign Affairs.

BUSINESS IN BRIEF 20/3

 Doosan appoints new CEO for Vietnamese ops, Vung Ro Petroleum still dreams about a refinery in Phu Yen, Dragon Capital spends $143.6 million on Sabeco shares, Vietjet plans to open direct routes to Australia

As bad debt burden lifts, Vietnam banks attract more foreign capital

Foreign investors are rushing to pour money into Vietnam’s banks which see a brighter future as the warming of the real estate market will help them collect debts from mortgaged loans.

Finance, banking sector under pressure to undergo digital conversion

The technical breakdown at the HCMC Stock Exchange (HOSE) in late January shows that the finance and banking sector in Vietnam urgently needs to undergo digital conversion, analysts have said.

Students create automatic watering pump with waste materials

Nguyen Dai Duong and Le The Hoan, students at Trieu Trach Secondary School in Quang Tri province, have created a simple watering system run with electric circuits used to water crops.

Wildlife trafficking: the animal market in Laos

Reporters travelled 2,000 kilometers in Laos recently to discover how wildlife are carried to Vietnam. Departing from Hanoi, they crossed the Long Sap border gate in the northern province of Son La to Laos. 

The need to improve Vietnam’s labour force

The abundant young labour force is one of Vietnam’s great advantages, as young people can adapt quickly to new science and technology. However, the country is challenged by the lack of quality among its labour resources. 

Adequate policy framework for a real estate breakthrough

 Following the “good vibes” of the APEC 2017, the Vietnamese government has submitted to the National Assembly the economic growth plan for 2018, setting a growth target of 6.7 per cent. 

Man faces fine for letting 10-year-old drive truck

 A man in Thanh Hoa Province is facing administrative fines for teaching his nephew how to drive a truck on the public road.

Vietnam’s growth in first quarter forecast to hit 6.23%

 The Vietnamese economy is projected to expand by 6.23% in the first quarter of 2018, buoyed by strong industrial growth, according to the National Centre for Socio-economic Information and Forecast (NCIF).

Late, milder summer predicted

 Summer is predicted to come later with cooler temperatures this year according to Le Thanh Hai, vice head of the National Centre for Hydro-meteorology Forecast.

Viet Nam, Australia sign pact to develop macadamia

 The Viet Nam Macadamia Association (VMA) and Australia Macadamia Society have signed a co-operation agreement to develop the macadamia industry of the two countries.

Argentina imposes 31% duty on VN’s ceramic tiles

 Argentina’s Ministry of Production has issued a decree to apply an anti-dumping duty of 31.15 per cent on ceramic tiles imported from Viet Nam.

Two SOEs to float shares on UPCoM

 Two large State-owned enterprises – Viet Nam Rubber Group and Power Generation Corporation 3 – will start trading shares on the Unlisted Public Company Market on March 21 (UPCoM).

Quang wins 70km at Dalat Ultra Trail event

 Tran Duy Quang won the men’s 70km category of the Dalat Ultra Trail International Marathon, which concluded in the Central Highlands province of Lam Dong on Sunday.

HCM City Television Cycling announce new records

 The annual HCM City Television Cycling will set up two new records in its 30th edition which will begin on March 29.

US soldiers ’waging peace’ in exhibition

 A special exhibition titled “Waging Peace – US Soldiers and Veterans Who Opposed America’s War in Viet Nam” opened on Monday at the HCM City War Remnants Museum.

Cua Ong Temple Fest gets nat’l status

 The Cua Ong Temple Festival – one of the special cultural and historical relics in the country’s northeast – has officially opened in Cam Pha District in the northern coastal province of Quang Ninh.

RoK firms increase investments in Vietnam’s financial market

 Institutions from the Republic of Korea (RoK) have increased their investments in Vietnam’s financial market significantly, expecting to make big gains thanks to the economic growth outlook.