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16 Vietnamese banks to up capital by $1.6b

 The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly VND37 trillion (US$1.62 billion).

Co-processing, solution for industrial waste

 Viet Nam is the third largest footwear maker in Asia and fourth in the world (behind China, India and Brazil), accounting for about 10 per cent of global production.

Vietnam's agriculture needs sustainable solutions

To achieve sustainable development, Viet Nam’s agriculture sector needs to improve productivity and quality as well as define the market structure for each farming product.

Z.com to be VN national football teams’ main sponsor

 Z.com, the global brand by Japanese internet services provider GMO Internet Group, has become the Vietnamese national football team’s top star partner for the second year in a row.

Fish from Formosa-contaminated waters being tested for safety

 The Ministry of Health is conducting tests on seafood samples collected from the central provinces, which were affected by the Formosa toxic spill, to determine if they are safe for consumption.

Tourism industry wants visa waiver for five European countries extended

 The HCM City Tourism Association has urged the Government to extend the visa waiver for tourists from five Western European countries -- France, Italy, Germany, the UK, and Spain.

HCM City set to clear canals

 The HCM City People’s Committee has asked district authorities to work with agencies to crack down on illegal encroachment on rivers, canals and the drainage system in an aim to prevent flooding. 

Suspected suicide bombers kill 3 police officers, wound 10 in Jakarta

 Two suspected suicide bombers killed three Indonesian police officers and injured 10 people on Wednesday night in twin blasts near a bus station in the eastern part of the capital, 

Amateur golfer championship attracts 120 players

 The Open Amateur Golfers Championship Vietnam 2017, to begin in the central province of Binh Dinh on June 8, has attracted 120 golfers, including 10 foreigners. 

Vietnam ranks 3rd at Intel Isef 2017

 The Vietnamese delegation ranked 3rd at the Intel International Science and Engineering Fair 2017 (Intel Isef) in the US.

Northern VN enjoys bumper Winter-Spring rice harvest

 The northern region from Thua Thien-Hue province northward reaped a bumper harvest in the 2016-2017 Winter-Spring rice crop for the 10th consecutive year, heard a conference held in Thanh Hoa province on May 24.

Prime Minister welcomes Siemens CEO

 Prime Minister Nguyen Xuan Phuc lauded Siemens AG’s cooperation with Vietnam in various fields during his reception in Hanoi on May 24 for Joe Kaeser, President and CEO of the German group.

Vietnam win third match at Sudirman Cup

 Vietnam beat Scotland 4-1 for their third win at the Total Badminton World Federation Sudirman Cup, the World Team Championships in Australia on May 24.

Hai Van Gate honoured as national relic site

A certificate recognising Hai Van Quan (Hai Van Gate) as a national relic site was granted to authorities of central Thua Thien-Hue province and Da Nang city during a ceremony on May 24. 

Party chief lauds visit by Cuban Party official

Party General Secretary Nguyen Phu Trong lauded the visit by Secretary of the Communist Party of Cuba Central Committee Jose Ramon Balaguer during a reception yesterday.

Deputy PM Pham Binh Minh chairs Vietnam-Spain business forum

Deputy PM and Foreign Minister Pham Binh Minh reaffirmed the Vietnamese government’s commitment to welcoming foreign investors, including those from Spain, with all possible support at the opening of the Vietnam-Spain business forum yesterday. 

Vietnamese Prime Minister greets Iranian diplomat

 Prime Minister Nguyen Xuan Phuc on May 24 hosted a reception for Iranian Ambassador to Vietnam Saleh Adibi, during which he called on Iran to make it easy for Vietnamese firms to expand investment in the Islamic nation. 

Vietnam’s 10 years in WTO through expert’s glance

Looking at Vietnam’s achievements in several areas, including economic growth pace, the country’s belief in the renewal process has been a success, said former WTO General Director Pascal Lamy during an interview with VNA.

Vietnam’s 10 years in WTO through expert’s glance

Looking at Vietnam’s achievements in several areas, including economic growth pace, the country’s belief in the renewal process has been a success, said former WTO General Director Pascal Lamy during an interview with VNA.

BUSINESS IN BRIEF 25/5

Garment exports enjoy strong growth, Vietnam eyes 7,000 ha of shrimp farming on sandy land by 2025, Auto imports drop in April, VCCI calls for realistic startup targets, The tax dilemma