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BUSINESS IN BRIEF 23/8

 Mekong Delta needs to produce high-quality tra fish breeds, Finance Ministry wants business registration fee lowered, More entities to buy compulsory fire and explosion insurance

Typhoon batters Hong Kong, south China, streets flooded, flights canceled

 Typhoon Hato, a maximum category 10 storm, slammed into Hong Kong on Wednesday lashing the Asian financial hub with wind and rain that uprooted trees and forced most businesses to close, 

Wal-Mart to enter voice-shopping market via Google platform

Wal-Mart Stores Inc is teaming up with Alphabet Inc's Google to enter the nascent voice-shopping market, currently dominated by Amazon.com Inc, adding another front to Wal-Mart's battle with the online megastore.

New book describes the fight to protect Son Tra Nature Reserve

Son Tra Nature Reserve, just 10km away from downtown Da Nang, is home to incredible biodiversity, but rapid development threatens the plant and animal life there. 

Young VN, Japan legislators urged to increase interaction

Chairman of the Viet Nam-Japan Friendship Parliamentarians’ Group, Pham Minh Chinh, yesterday proposed increased exchanges between young legislators of both countries as a way to advance bilateral relations.

Da Nang IT Park restarts construction

Trung Nam Group has restarted construction of the Da Nang Information Technology Park in Hoa Vang district after an agreement to buy a 65 percent stake from Rocky Lai & Associates Inc.

NA Chairwoman receives Lao officials

Viet Nam’s leaders have always provided favourable conditions for the people’s organisations of Viet Nam to strengthen co-operation with their Lao counterparts, 

US, EU investors still hesitant: experts

Unresolved issues in Vietnam’s regulations and the business environment have resulted in relatively low FDI inflows from US and European multinational companies, experts say.

Dong Nai halts licensing of construction around Long Thanh airport

 The People’s Committee of Dong Nai province has suspended the licensing of construction projects in residential areas around the planned Long Thanh International Airport in an effort to prevent speculation and higher land prices.

VN, Egypt to develop bilateral trade

 VietNamNet Bridge – Viet Nam and Egypt should effectively exploit opportunities to further develop bilateral trade, Prime Minister Nguyen Xuan Phuc said yesterday.

Designs chosen for APEC Year 2017 postage stamps

 The lotus flower and Ngu Hanh Son Mountain in the central city of Da Nang have been chosen as designs for postage stamps celebrating the APEC Year 2017 in Vietnam.

Three mechanics killed in elevator accident

Three mechanics were killed while installing elevator rails at an apartment complex in the northern coastal province of Quang Ninh’s Ha Long City on Tuesday.

Cai luong concert to feature veteran actresses

 VietNamNet Bridge – Five veteran cai luong (reformed theatre) actresses will perform in a special show at HCM City’s Cong Nhan Theatre on Tuesday night.  

406 SOEs approved for divestment in 2017-2020

Deputy Prime Minister Vuong Dinh Hue has approved a list of 406 State-owned enterprises (SOEs) marked for divestment from now until 2020.

Le Thanh Tung secures gold medal in gymnastics

 VietNamNet Bridge – Vietnamese gymnast Le Thanh Tung bagged a gold medal for Vietnam on August 23 at the ongoing 29th Southeast Asian (SEA) Games in Malaysia.

Rapid credit growth possible, but risky: experts

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7%.

Speeding up ODA and public investments crucial to avoid economic backlash

The slow progress of ODA fund and public investment disbursement may result in huge losses for the whole economy, thus, it is necessary to find ways to use these sources of funding efficiently and transparently to spur economic growth.

Green growth- a magnet for foreign investors

Green development projects in Vietnam are catching attention of foreign investors on account of the Government’s favourable policies on land, taxes and capital as well as a large number of potential customers in the country.

Gaping holes in MoF tax proposal

The recent proposal to increase VAT by the Ministry of Finance (MoF) still contains a number of issues that can potentially cause economic loss and undermine social equity.

HCM City outlines strategy to cut childhood obesity

 VietNamNet Bridge – The municipal administration of HCM City aims to keep the rate of overweight and obese children under five years at less than 12 per cent by 2020.