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Social News 5/2

Tra Vinh: 6.2 mln USD to be spent on climate adaptation, Vietnamese community praised for contributions to RoK city’s development, Deal on training in hospitality inked, Ninh Thuan promotes tourism in vineyards

BUSINESS IN BRIEF 5/2

Gazprom to construct gas-to-power project in Quang Tri, Fuel price hike strains firms, Businesses take measures to keep prices stable, Border trade decree opens new doors to region    

Raging competition on e-commerce market promises to heat further up

 The Vietnamese e-commerce market contains unexpected elements this year, including Tiki receiving investment from a Chinese partner, Shopee flying up, Lazada getting support from Alibaba, and Cho Tot announcing new ambitions.

VRG’s “blockbuster” IPO drowns in disinterest

With the average selling price equivalent to the initial price, the State acquired VND1.311 trillion ($57.75 million) from the initial public offering (IPO) of VRG held on February 2, 2018, equaling 21 per cent of the target.

Lady Gaga halts tour due to 'severe pain'

 Lady Gaga has cancelled the last 10 dates of the European leg of her world tour due to "severe pain".

Ha Thu receives Inspirational Woman of Year award

Ha Thu, who was among the top 16 finalists of Miss Earth 2017, was honoured in the Women of the Year awards hosted by Phu Nu Ngay Nay (Women Today) magazine in Ho Chi Minh City on February 4.

Hanoi streets face gridlock as Tet approaches

In the run-up to the Lunar New Year Festival (Tet), heavy traffic congestion is affecting many streets in the capital city of Hanoi as people rush to prepare.

Fire bikes to the rescue in Hanoi’s small alleys

 VietNamNet Bridge – The network of deep, tiny alleys running side by side are part of the mysterious beauty of old Hanoi, but they also pose a death trap for those in flats and houses along them when fire breaks out.

Tay Tuu flower village springs into life for Tet

The bright and thriving flowers of Tay Tuu village on the outskirts of Hanoi include daisies, roses, and gerberas all vying with each other in a colourful display of spring vitality as the traditional Lunar New Year (Tet) 2018 nears.

Major cultural events in HCM City for Lunar New Year holiday

 Ho Chi Minh City is preparing a variety of major cultural and entertainment activities at many places in the city center during the Lunar New Year (Tet) holiday, which begins on February 16 this year.

Diverse tours available for Lunar New Year 2018

 As 2018 Lunar New Year (Tet) is approaches, travel companies in Hanoi are preparing to meet customers’ diverse needs and interests.

World’s longest sea cable car route launched in Kien Giang Province

The world’s longest sea cable car route connecting An Thoi Town and Hon Thom Island in the southern province of Kien Giang’s Phu Quoc Island District was inaugurated yesterday, reducing travel time by half 

People love Vietnamese food in Guangxi

A Vietnamese restaurant founded by three Vietnamese PhDs near Guangxi University in Nanning, China, has seen 20% growth in its annual revenues over the past three years. 

VN player wins gold at Asian Indoor Athletics Champs

 Bui Thi Thu Thao brought home a gold medal in the eighth Asian Indoor Athletics Championship, which wrapped up at the Aftab-e Enqhelab Stadium in Tehran, Iran, on Saturday.

Chinese top foreign arrivals in HCM City

Chinese have for the first time become the largest number of international visitors to arrive in HCM City, according to the city Department of Tourism.

Ministry earmarks $15.4b for aviation industry

 The Ministry of Transport plans to spend VND350.5 trillion (US$15.4 billion) to develop the country’s aviation industry from now until 2030.

Vietnamese female billionaires enter US market

VietNamNet Bridge - Two Vietnamese female billionaires in the dairy industry have officially set foot in the US market. 

E5 fuel makes up 65% of petrol sales

 The number of local consumers using E5 petrol in their autos has been increasing rapidly, though bio-fuel has only been put into use nationwide for just the past month.

Banks set dates for 2018 AGMs

 After gaining positive business performance last year, many banks have planned to hold annual general meetings (AGMs) for 2018 soon.

HCM City flood prevention project lags behind schedule

The project to curb tidal flooding in Ho Chi Minh City may fail to be ready by April 30 due to lack of construction ground.