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BUSINESS IN BRIEF 7/8

G-bonds: easy to sell, harder to disburse capital, Workshop evaluates Brexit impacts on ASEAN, Hanoi’s economy achieves 7.3 percent growth, Hanoi’s economy achieves 7.3 percent growth

Cheeky, lazy robbers

Like other victims of robberies, Nguyen Thi Lan from the province of Binh Phuoc panicked when her mobile phone valued at VND11 million (US$489) was snatched last week.

High hopes, honed skills pave VN road to Rio

As the 2016 Summer Olympics approaches, Vietnam will be watching the 23 Vietnamese athletes heading to Rio to compete against the rest of the world.

Vietnam Japan Friendship Concert

Vietnamese and Japanese musicians will perform many kinds of music from Western Classical music to Vietnamese or Japanese popular songs…at the Vietnam Japan Friendship Concert in Hanoi on August 20.


Coffee producers vow pure coffee

 Vinacafé Bien Hoa Joint Stock Company has announced that starting this month it will only produce authentic coffee products that do not use any soy additives.

Wildlife crime manual circulated in Vietnam

 The People’s Police Academy has launched the Vietnamese version of a manual by an international counter-trafficking organisation to help officials fight the black market trade in endangered wild animals.

ASEAN unity depicted in art

 Cultural diversity and unity in the ASEAN Community are being celebrated at an exhibition that opened yesterday in Hanoi.

Global hit Pokemon Go officially launched in Vietnam

 The long awaited Pokemon Go is officially launched in Vietnam on August 6.

Information on environmental incident should be accurate: official

Deputy Minister of Labour, War Invalids and Social Affairs Doan Mau Diep underlined the necessity to accurately investigate information related to the damage caused by the recent environmental incident in Ha Tinh.

Vietcombank to sell shares to Singaporean investment fund

 Singapore government’s investment fund GIC Private Limited (GIC) is negotiating to buy at least 7 percent of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).

LafargeHolcim to divest from Vietnam

 Swiss giant cement producer LafargeHolcim has agreed to sell its entire 65-percent ownership in the joint-venture LafargeHolcim Vietnam to Thailand’s Siam City Cement Public Co Ltd. 

Corrupt officials use state-owned firm as private bank

 The public have expressed dismay at corrupt officials that use state money to subsidise their own luxurious lifestyles, such as in the case of Hau Giang Province's former vice chairman Trinh Xuan Thanh.

Amateur off road tournament coming

 The National Off Road Cycling Tournament for amateurs, Vietnam MTB Series, is scheduled to kick off on August 14 in the National Culture History Park in HCM City.

Ly Hoang Nam out of F2 Men’s doubles

Vietnamese pair Ly Hoang Nam and Nguyen Hoang Thien were eliminated from the Vietnam F2 Men’s Futures tournament in the southern province of Binh Duong yesterday.

Deputy PM stands firm on sovereignty

 Politburo member and Deputy Prime Minister Truong Hoa Binh yesterday confirmed to voters from Long An Province that there would be no concession on territorial sovereignty.

In’l marathon dashes along Da Nang’s beach

Around 4,000 runners from 35 countries worldwide participated in the fourth Da Nang International Marathon hosted by the central city of Da Nang on August 6. 

ASEAN, India agree to work toward strategic partnership

The ASEAN-India Economic Ministers Consultation Meeting took place in Laos, with ministers agreeing to push the implementation of the two sides’ agreements on investment, trade and services towards lifting ASEAN-India ties to a strategic partnership.

Vietnam contributes greatly to 48th AEM: Minister

 Vietnam has made specific and important contributions to the success of the 48th ASEAN Economic Ministers’ Meeting and related events that took place in Vientiane in early August, Minister of Industry and Trade Tran Tuan Anh said. 

Vietnam triumph at Asian rowing tourney

 Vietnam came out on top at the Asia Cup 1 Rowing Championships which finished in Singapore early this week.

Vietnam's universities try new techniques

 Globalisation and technology are transforming universities and colleges worldwide, leading to different approaches in research and education, including in Vietnam, the President of University of Victoria in Canada said at a conference in HCM City.