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Korean firm takes over development of $500 million hotel and racecourse complex in Hanoi

 On August 9, Hanoitourist Corporation (Hanoitourist) and Korean Global Consultant Network Co., Ltd. (GCN) signed an investment co-operation agreement on developing a five-star complex of hotels, a trade centre, and a racecourse in Hanoi.

Samsung Galaxy Note 7 to launch in Vietnam this month

 Samsung Galaxy Note 7 will hit the market on August 19 and cost VND18.99 million (US$859).


K+ expands distribution of K+ channel package

 Vietnam Satellite Digital Television VSTV (K+) has launched a special offer for new subscribers and announced that HCM City Cable Television (HTVC) is the 6th co-distributor of 4 K+ channel.

Data Innovation Summit to take place in HCM City

 A forum on  Big Data Innovation Summit 2016  will take place in August 26, 2016, in HCM City 


S&P affirms ratings of three Vietnamese banks

 Standard & Poor's Global Ratings has affirmed its ratings of three large Vietnamese banks.

National highway crack forces residents to shift

 A large crack has appeared in National Highway 217 in the central Thanh Hoa Province’s Muon Min Commune, forcing households living nearby to shift to ensure their safety.

Rain-related death toll rises in northern Vietnam

 At least seven people died and four were injured, while one person was missing after torrential rains hit the northern and north-central regions over the past few days.

Floor caves in at Hanoi apartment building

 Residents in Block N5 of Dong Tau apartment building in Hanoi's Thinh Liet Ward are concerned about their safety after the lobby floor partially caved in last week.

Viet Pride Hanoi 2016 Week – Path of Pride

Viet Pride Hanoi 2016 Week will be held from Aug 17 to Aug 21, with film screenings, exhibition, workshops, Work with Pride, Viet Pride scholarship, PFLAG, queer disco, and the signature Viet Pride bicycle rally plus a new Pride parade. 

Film Screening “Mia et le Migou”

 This beautifully and sentimentally hand-drawn animation is a lively song about life of a unique fiction jungle tribe.


Nguyen Tien Minh fails to enter next round at Olympics

 Vietnam’s top badminton player Nguyen Tien Minh was unable to pull off a miracle win against Lin Dan, the two-time Olympic champion, on the ninth competition day of the Rio 2016 Olympics, August 14 (local time). 

New life for Mekong floating market

 The Mekong Delta province of Hau Giang is developing eco-tourism products based on its rivers, fruit orchards, and rural sights and life, according to its Department of Culture, Sports and Tourism.

US war veteran’s remembrances presented to Hoa Lo Prison relic site

 The Management Board of Hoa Lo Prison historical relic site in Hanoi on August 15 received valuable remembrances from the family of Water Eugene Wilber, a US pilot who was detained in the prison from 1968 to 1973. 

Laptop sales slowed by tablets

 Laptop sales have plateaued despite companies launching new products to stimulate the market, with insiders blaming it on the economy and a switch by consumers to tablets.

Central Bank rejects rumors about Maritime Bank

 The Maritime Bank is operating as usual with ensured liquidity, the State Bank of Vietnam (SBV) has confirmed. 

Tourism industry focuses on developing human resources

 The tourism sector is focusing on developing high-quality human resources in order to become a spearhead economy.

Vietnam, Laos National Assemblies look to push ties

 The Lao National Assembly sought closer links in many fields with its Vietnamese counterpart, Lao National Assembly Vice Chairman Somphan Phengkhammy has remarked.

Law on guard force to be promulgated

A draft law on the guard force was discussed for the first time at the second session of the 14th National Assembly Standing Committee that opened at the parliament’s headquarters in Hanoi on August 15. 

BUSINESS IN BRIEF 15/8

 SBIC expects to earn $341 million in 2017, Over 50 Vietnamese firms showcase goods in Thailand, Australia is potential market for VN's seafood exports, PM agrees to support policy for Binh Son Refining & Petrochemical

Vietnam increasingly see corruption as norm: study

 Vietnamese are coming to terms with corruption as only 3 per cent of those who were forced to pay under the table said they would go to the police, according to UNDP research.