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Vietnamese dollar billionaire loses over $63mil. after Trump elected US president

VietNamNet Bridge - Trinh Van Quyet, a US dollar billionaire, lost VND1.4 trillion worth of his stock assets after Donald Trump won the US presidential election.

BUSINESS IN BRIEF 14/11

 Garment, textile export growth sees ten year low, Sun Life Financial acquires PVI Sun Life, Monetary policy supports economic growth, HN Exchange honours transparency, 2017 budget deficit set at 3.5% of GDP

Amateur singing club promotes art form while raising funds for the poor

 VietNamNet Bridge – They come from all walks of life: farmers, food vendors, professional singers, and more. Their goal: preserving the traditional art of cai luong (renovated theatre) in Viet Nam.

Deputy PM promotes Hanoi lake clean-up

 Deputy Prime Minister Vu Duc Dam joined many young people on an event to clean up the area around Linh Dam Lake in Hanoi.

Belgium commits $3.2mn for local governance

 Belgium will provide Nghe An, Ha Tinh and Kon Tum provinces with support of €3 million ($3.2 million) in total under three specific agreements within “Support for Responsive Accountable Local Governance (RALG)” projects.

MobiFone announces value of AVG investment

MobiFone’s latest financial report reveals that the official value of its investment in the Audio Visual Global JSC (AVG) was VND8.9 trillion ($400 million) and was the only investment it made in the first half of this year.   

AFF Cup 2016: Reliving the ecstasy of 2008

 Almost ten years have passed, yet few Vietnamese football fans have forgotten that ‘golden moment’ in the closing minutes of the second leg of the AFF Cup 2008 final between Vietnam and Thailand.

Vietnamese students win high prizes at IMSO 2016

Vietnam has taken the top spot among 23 participating nations at the 2016 International Mathematics and Science Olympiad for Primary School with seven gold, two silver and three bronze medals in terms of mathematics.

Vietlott confirms another winner of $3.17 million jackpot

 Viet Nam Lottery Company (Vietlott) announced a new winner of the jackpot worth VNĐ71 billion (US$3.17 million) yesterday evening.

TechFest Vietnam 2016 helps boost startup movement

 A two-day startup festival (TechFest Vietnam 2016) that concluded in Hanoi on November 13 attracted nearly 170 investors and more than 3,000 visitors, according to the organisers. 

Vietnamese businesses not eager to export to ASEAN markets

VietNamNet Bridge - ASEAN, together with China, should be the most important partner for Vietnam. However, Vietnamese enterprises are not keen on exporting their products to the market.

Social News 14/11

Da Nang attracts foreign professionals, World’s largest jade Buddha statue on display in Binh Duong, Vietnamese expats vow to develop HCM City, Grand requiem commemorates road traffic victims

Negligent approval hurts the environment

VietNamNet Bridge – Vo Tuan Nhan, Deputy Minister of Natural Resources and Environment, speaks to Infonet.vn on the role of local authorities in projects licensed by the central Government.

Explore Elephant Waterfall in Thanh Hoa

 The Elephant Waterfall, with wonderful natural beauty, stands out in the green jungle at Thanh Van of Thach Thanh district in the central province of Thanh Hoa.

Restoration of Bia Quoc Hoc undergoing in Hue

 A 700-million-VND project to restore the century-old Bia Quoc Hoc (Quoc Hoc Monument) is under way in the central province of Thua Thien – Hue, which is scheduled for completion by January, 2017. 

Vietnam seventh in global consumer confidence: Nielsen

 Vietnam was ranked seventh worldwide in consumer confidence by the Nielsen Vietnam Index of Consumer Confidence. 

Vietnam incinerates tonnes of illegal elephant ivory and rhino horn

Vietnam disposed of over two tonnes of elephant ivory and 70kg of rhino horn by incineration for the first time ever on November 12, aiming to join the international community in sending a strong message to illegal wildlife fauna and flora traders. 

One more metro line to be built in HCM City

 Ho Chi Minh is scheduling to build one more metro line that is expected to cost at US$3 billion, said the HCMC Urban Railway Management Board yesterday.

Foreigners may be barred from being tour guides

 Foreigners may no longer be licensed as tour guides in Vietnam, a conference on draft amendments to the Law on Tourism in Hanoi on November 7 heard.

Trump uncertainty hits VN stocks

 Vietnamese shares moved sideways this week as investors kept a cautious stance on uncertainty of the new US president’s policies, and they could seek short-term profits in speculative stocks that made significant gains last week.