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World Economic Forum on ASEAN to open in Cambodia

 The World Economic Forum on ASEAN 2017 (WEF ASEAN 2017), slated for next week in Phnom Penh, is expected to further promote sustainable development, peace, stability and prosperity in the region. 

World Bank helps Vietnam improve transportation, sanitation

 The World Bank’s Board of Executive Directors has approved 315 million USD in financing to improve water transport infrastructure and sanitation and transport services in Vietnam.

Vice President begins official visit to Mongolia

 A Vietnamese delegation led by Vice President Dang Thi Ngoc Thinh arrived in Ulan Bator on May 7 evening, beginning a four-day official visit to Mongolia.

Dinh La Thang disciplined for misdeeds at PetroVietnam

 Dinh La Thang, a Politburo member and Secretary of the HCM City Party Committee, has received an official warning and has no longer been part of the Politburo of the Party Central Committee for his past financial wrongdoings as head of PetroVietnam.

Unique trading streets in Ho Chi Minh City

 Le Cong Kieu street in District 1 has long been known as a venue for antique trade. On the 200-meter-long street lays a series of antique shops.

Electric buses improve tourism service

 The first-ever electric bus service with four routes allows tourists to explore the downtown and nearby areas on environmentally friendly vehicles.

China win Asian women’s beach volleyball tourney

 China won the Tuan Chau-Asian Women’s Beach Volleyball Tournament at Tuan Chau international entertainment zone, the northern province of Quang Ninh on May 7.

Agriculture body invests in seafood competitiveness

 The Ministry of Agriculture and Rural Development has given nod to a project worth 102.2 billion VND (4.5 million USD) to improve the fisheries sector’s competitiveness.

Dialogue between PM, enterprises to take place this month

 The annual dialogue between Prime Minister Nguyen Xuan Phuc and the business community will take place sometime between May 10 and 20, allowing firms to directly communicate with the Government.

Vietnam works to end bear bile farming

 Over the past decade, Vietnam has made significant progress in ending bear bile farming thanks to efforts from agencies, non-Governmental organisations and the entire community.

VN-Index expected to surge back to previous peak

The benchmark VN-Index could surge back to the 732 points peak seen a month ago on the back of strong buys by foreign investors as well as positive economic indicators, analysts said. 

Australian, Hungarian win Ironman 70.3 Vietnam

 Tim Van Berkel of Australia and Anna Eberhardt of Hungary won the men’s and women’s professional titles at the Ironman 70.3 Vietnam 2017 contest in central Da Nang city on May 7.

Vietnam Mission to Geneva contributes to IPU symposium preparations

 Ambassador Duong Chi Dung, head of Vietnam’s Permanent Mission in Geneva, has met Inter-Parliamentary Union (IPU) Secretary General Martin Chungong on May 11-13.

Ceiling formula price for milk removed

VietNamNet Bridge - After two years and nine months of applying the ceiling price, the price of formula milk products for children aged below six remained stable. However, the policy was removed on April 1.

VN Prime Minister directs 4th Industrial Revolution preparations

 Prime Minister Nguyen Xuan Phuc has ordered all central agencies and local administrations nationwide to make plans for optimum usage of all advantages offered by the 4th Industrial Revolution.

Nearly 400 migratory birds die from striking Texas skyscraper

 Nearly 400 migratory birds of brilliant plumage were killed when they smashed into an office tower in Texas while flying in a storm, 

Euro hits 6-month high, Asian shares firm after French election

The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly touched a record high, on investor relief after centrist Emmanuel Macron comfortably won ...

Macron wins French presidency, to sighs of relief in Europe

Emmanuel Macron was elected French president on Sunday with a business-friendly vision of European integration, defeating Marine Le Pen, a far-right nationalist who threatened to take France out of the European Union.

BUSINESS IN BRIEF 8/5

 Samsung slump in sales drags on Vietnam economy, US fruit growers look for pitaya market to take off in 2017, State Bank to aid pig farmers, Industrial land up despite TPP uncertainty, Vietnam’s exports see positive signs

High feed prices cut into animal husbandry’s profits

Input material prices have decreased, but the price of animal feed remains unchanged, and, as a result, breeders have incurred heavy losses as the live pork price has dropped dramatically.