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HCMC budget meets 20% of investment demand

HCMC will have to search for more capital from the private sector as its budget can only meet 20% of the demand which is estimated at VND850 trillion (US$37.5 billion) in the 2016-2020 period, said the city government leader.

Airport overload puts airlines in trouble

 Airlines have also been feeling the pinch of the rising overload at Tan Son Nhat International Airport in HCMC.

Third runway deemed feasible for Tan Son Nhat airport

Several experts assert that it is feasible to build a third runway at Tan Son Nhat International Airport to increase its capacity by a half, following the Prime Minister’s instruction for relevant agencies to make a study in this regard. 

Global power sector emissions to peak in 2026: Report

 Global emissions of greenhouse gases from the power sector are expected to peak in 2026, but will still be some way above levels needed to limit temperature rises in line with the Paris climate agreement,

American investment in Vietnam: $10 billion in value, with other benefits

VietNamNet Bridge - $10.2 billion is the total value of US foreign direct investment (FDI) in Vietnam, but the figure does not represent everything the US contributes.  

Visa exemption extended for five European countries

The Government has agreed to extend a visa exemption policy for citizens from the United Kingdom, France, Germany, Spain and Italy, from July 1, 2017 to June 30, 2018.

Reservoir wall leaks worry Hue residents

 VietNamNet Bridge – Leaks on the walls of Thuy Yen reservoir in the central province of Thua Thien-Hue are worrying locals who live nearby.

Climate change forecast to shrink rice yield

 VietNamNet Bridge – Viet Nam risks a loss of 7.2 million tonnes of rice yield and 3.2 per cent of its agricultural land by the late 21st century as a result of climate change, 

Invasive species concern Vietnamese agencies

Several invasive alien species have entered Viet Nam, impacting the local environment and biodiversity and triggering concern among authorised agencies.

Hanoi to recycle construction waste

Ha Noi authorities have approved a construction waste recycling project that can replace some of the materials used in building pavements and rural roads.

Phong Nha-Ke Bang National Park admission prices discounted

 Tourists will receive a 20% discount off the Phong Nha cave fee and 30% off the Tien Son cave fee from June 15 to 20, to mark the occasion of Quang Binh Cave Festival 2017.

Nguyen dynasty treasures on display in Da Lat

 A total of 36 precious artifacts, from the Nguyen dynasty period (1802-1945), are on display at an exhibition that opened recently at Lam Dong museum in Da Lat city.

Vietnam reaffirms importance of UNCLOS

A Vietnamese representative has again stressed the important role of the UNCLOS as the Constitution of the seas and oceans which provides a comprehensive and sound legal framework for all activities carried out in the seas and oceans.

Vietnam Airlines to spend $96mn on aircraft this year

 Vietnam Airlines (VNA) will spend over VND2.11 trillion ($95.9 million) on purchasing ten Airbus A350-900XWB and 8 Boeing B787-9 aircraft this year.

Petronas subsidiary finds new buyer for Vietnam LPG unit

Petronas Dagangan Bhd, whose deal to sell its Vietnam-based unit Thang Long LPG Company Ltd to Totalgaz Vietnam LLC fell through in January this year, has sold the LPGbottler and jetty owner to Noi Thuong Bac JSC.

Viettel's 4G most discussed on social media

 Some 81.4 per cent of 4G consumers have discussed Viettel’s 4G on social media, according to Buzzmetrics’ 4G Market Overview report, which analyzed the opinions of consumers on social media from November 1, 2016 to April 30, 2017.

Real estate lending disguised as consumer lending

 The increasing interest rates on house buying and housing repair loans at commercial banks raise worries about the liquidity of the Vietnamese economy.

Bibica power balance coming to an end?

Bibica Corporation may see the end of conflicts between its two big shareholders, PAN Food and Lotte Confectionery, as the former is forecasted to purchase more shares and take the helm of Bibica’s board of directors.

First 7-Elevan store opened in Vietnam

 Vietnam’s first 7-Eleven convenience store opened in HCM City on June 15, attracting thousands of customers.

Vietnam commits to Paris agreement on climate change

 Experts gathered at a workshop in Hanoi on June 15 to discuss activities to adapt to climate change in the agricultural sector to implement the Paris Agreement.