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Vietnam wants to boost partnership with US: ambassador

 Vietnamese Ambassador to the US Pham Quang Vinh has affirmed Vietnam’s desire to tighten its comprehensive partnership with the US at recent meetings with elected US officials in Washington DC.

Stocks poised to rise further this week

 Vietnamese stock indices may rise further and test their resistance levels this week on higher investors confidence, bolstered by positive developments in global political conditions and good earnings reports.

Beaches, eco-tourism spots packed with holiday revellers

 Tourist spots, hotels and amusement venues, and buses and ferries across the country were packed with holidaymakers during the four-day holiday that ended on May 2. 

Traffic accidents kill 98 people during holidays

 A total of 125 road accidents occurred across the country during the holidays between April 29 and May 2, killing 98 people and injuring 90 others.

Loss-making SoEs could go bankrupt

 Loss-making enterprises that are not eligible for privatisation must strictly implement restructure, merger or bankruptcy.

Luring foreign investment in anticipation of FTAs

Vietnam’s involvement in 12 bilateral and multilateral FTA with 56 economies around the world is expected to help the country expand its global economic integration. 

Key traffic routes to be built in central region

 The central province of Quang Nam will start construction this year of key traffic route projects to connect strategic economic zones, sea and air ports in the central provinces and Central Highlands.

Cat Bi airport’s second terminal construction given thumbs up

 The Civil Aviation Authority of Vietnam (CAAV) has approved a project to construct a second terminal at Cat Bi International Airport in the northern port city of Hai Phong.

Regional meeting tightens border management cooperation

 Representatives from ASEAN and the United Nations Office on Drugs and Crime (UNODC) have met to discuss stronger cooperation in managing border areas and preventing border issues. 

Traffic problem hinders HCM City’s tourism development

 With millions of visitors, including 5 million foreigners, visiting Ho Chi Minh City every year, tourism has become one of the city’s key economic sectors. However, traffic problems are posing a challenge to the sector.

Tourist arrivals surge during four-day holidays

 The capital city of Hanoi welcomed more than 54,000 international visitors during the four-day holidays from April 29 to May 2, a year-on-year increase of 33 percent.

Over 13,000 new firms set up in April: GSO

 As many as 13,102 new enterprises were established in April, the highest figure in the past 12 months, representing a month-on-month rise of 8.9 percent, according to the General Statistics Office (GSO).

Retail sales, services revenue up 6.7 percent in four months

 The country’s total retail sales and services revenue reached 1,267.9 trillion VND (56.7 billion USD) in the first four months of this year, a year on year increase of 6.7 percent.

Moody’s and S&P affirms Vietnam’s sovereign rating

Two major credit rating agencies, Moody’s and Standard & Poor’s, on Friday affirmed Viet Nam’s sovereign rating, citing the country’s strong FDI inflows, macroeconomic and external stability and modest external debt burden.

Vietcombank set to up capital to $1.74 billion

 Vietcombank (VCB) shareholders approved the lender’s plan to issue an additional 360 million shares, equivalent to 10 per cent of its capital, to expand its charter capital to almost VND39.6 trillion (US$1.74 billion).

SSI to issue bonds worth over $13 million again

 Saigon Securities Incorporation (SSI) has decided to issue bonds worth 300 billion VND (13.3 million USD) to financial and credit institutions.

Ethnic people make fortune in brocade craft

 Visitors to Sa Pa town are attracted by vibrant brocade costumes of local ethnic communities and buy them as gifts for their families and friends. 

Agro-tourism model lures visitors to Dong Thap

 Lotus has long been an agricultural plant in ThapMuoi district, Dong Thap province. The beautiful lotus ponds is Dong Thap’s best resource for tourism development.

Kazakhstan named champions at women’s beach volleyball tourney

 Kazakhstan was crowned the champions of the Asian Women’s Beach Volleyball Championship after defeating Thailand 2-0 on May 1.

Dai Nam racecourse inaugurated in Binh Duong

 The Dai Nam Joint Stock Company opened an international standard racecourse invested at more than 2 trillion VND (87.9 million USD) in the southern province of Binh Duong on May 1.