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A 170-year-old pagoda in HCM City

 Lying at the foot of Chanh Hung Bridge in District 8, HCMC, An Phu Pagoda with a history of more than 170 years is frequented by foreign tourists who want to explore its ancient and unique architecture.

HCMC to spend big on infrastructure for SEA Games 31

 In addition to VND200 billion needed to upgrade 22 stadiums, HCMC will invest over VND15 trillion (US$660 million) in Rach Chiec sports complex and Phan Dinh Phung sports center to host the 31st Southeast Asian Games (SEA Games 31) in 2021.

Will made-in-Vietnam cars roll on SE Asia streets?

VietNamNet Bridge - Vietnamese enterprises made hefty investments in automobile manufacturing projects in 2017, with the aim of becoming an automobile production center in SE Asia.

Pumped up competition

The opening of the first IQ8 gasoline station in Hanoi marks a new stage for Vietnam’s retail gasoline sector.

Eye to the future

 One young Vietnamese engineer aims to build the first Vietnamese-made robot and already provides robotics to the local manufacturing sector.

Graphic designer Dang Thi Bich Ngoc: Coming to the end with great passion

Vietnamese designer Dang Thi Bich Ngoc has won the 2017 Graphic Design Awards of the USA for the first time with a set of four posters featuring characters from an ancient Tuong (classical drama) play entitled ‘San Hau’.

Apricot blossoms vibrant southern province

 In such a village in the central coastal province of Phu Yen the beauty of apricot blossoms, one of the typical flowers of Vietnam in Tet holiday is attracting visitors.

Even with a stable market, FX hedging is advised

 For multinational companies and foreign investors doing business in Vietnam, experts advocate minimising the FX risk through hedging, knowing that the dong may be steady today but may move unexpectedly tomorrow.

U.S. firm eyes 49% stake in Dung Quat Oil Refinery

 Polestar Inc, a firm specializing in oil and gas transport in Texas in the U.S., wants to acquire a 49% stake in Binh Son Refining and Petrochemical Company (BSR), the operator of Dung Quat Oil Refinery.

BUSINESS IN BRIEF 12/1

HCM City retail grows by more than 11 percent in 2017, PetroVietnam told to thoroughly deal with ailing projects, Vinasugar II to auction 93% stake next month, Lower tax helps reduce E5 bio-fuel price

Social News 12/1

 2 police injured in Dien Bien drugs ring bust, PM hosts American Bar Association President, Australia funds project to raise economic rights of ethnic minority women, 27 wild animals returned to the wild in Kon Tum

Vietnamese American film director Gauger dies of stroke

 Vietnamese American film director Stephane Gauger of Yêu Đi, Đừng Sợ (Kiss and Spell) has died of a stroke at the age of 48, according to a representative from the production team behind the movie.

Nominations open for Devotion Music Awards

 Music reporters gathered in Hanoi and HCM City to select the nominees for the annual musical awards by Vietnam News Agency’s Culture & Sport newspaper.

Vietcombank reports record pre-tax profit

 Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) reported a pre-tax profit of more than VND11 trillion (US$482.5 million) in 2017.

Sale of motorcycles up in 2017: VAMM

 Members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold more than 3.2 million motorcycles in 2017, marking a year-on-year increase of 4.8 per cent.

F&N eyes 14.5 million more Vinamilk shares

 F&N Dairy Investments Pte Ltd has registered to purchase 14.5 million shares in Vietnam Dairy Products JSC (Vinamilk) in a bid to raise its ownership in Vietnam’s largest dairy producer.

Miss Ocean told to step down

 VietNamNet Bridge – The Department of Performing Arts ordered the organising board of Miss Ocean 2017 to dethrone Le Au Ngan Anh, winner of the beauty pageant, for failing to satisfy the requirements of the contest.

SBV warns 15 banks against risky lending

 The State Bank of Vietnam (SBV) has issued warnings to 15 commercial banks as they have offered too much credit for some high-risk sectors, news website Dan Tri quoted SBV deputy governor Dao Minh Tu as saying on January 9.

Ministry wants higher base salary for public servants

 The Ministry of Home Affairs is consulting relevant ministries and agencies over a plan to raise the monthly base salary from the current VND1.3 million to VND1.39 million (US$61.2) for public officials and employees as well as armed forces.

Kien Giang names three tourist zones

The People’s Committee in the Mekong Delta province of Kien Giang has recognised the Nam Du Archipelago and Lai Son Island in Kien Hai District and Hai Tac Archipelago in Ha Tien Town as local tourist zones.