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HCM City devises bus plan as rider numbers fall

 VietNamNet Bridge – HCM City is buying new buses, upgrading existing buses and creating more bus routes to attract riders as the number of riders continues to fall.  

Terra Wood eyes $400 million renewable energy projects in Vietnam

 Ho Chi Minh City-based Terra Wood is planning to develop two renewable energy plants in the central province of Quang Ngai to tap into the local wind and solar resources.

VN loses 2.5% of GDP from traffic accidents

 VietNamNet Bridge – Viet Nam loses 2.5 per cent of its gross domestic product (GDP) annually due to traffic accidents.

VN’s forest management model not sustainable

 VietNamNet Bridge – Tran Viet Hung, former deputy head of the Central Highlands Steering Committee on Forest Management, Protection Development, spoke to Viet Nam News Agency about forest management.

Masan supreme in a fiercely competitive fish sauce market

 The fish sauce market is witnessing increasingly fierce competition between many famous brand names that use both industrial and traditional methods like Unilever, Masan Consumer, Phu Quoc, and Phan Thiet.

Deputy PM welcomes Indonesian newly-appointed Ambassador

Deputy PM, FM Pham Binh Minh hailed the Vietnam-Indonesia Strategic Partnership relations in all areas at a meeting on August 5.

First season of Junior Masterchef contest launched in Vietnam

 The first season of Junior Masterchef Vietnam has been launched to search for budding kid chefs in the country. Children aged between 8 and 14 can now register to attend the cooking competition at www.vuadaubepnhi.vtv.vn until September 5.

Why is Vietnam so happy?

 VietNamNet Bridge – In 1968, the Beatles came out with a song called “Money Can’t Buy Me Love”. The idea that money, or material goods, doesn’t equal happiness has since become somewhat clichéd.

More businesses choose arbitration instead of going to court

The number of business disputes brought to commercial arbitration has been increasing steadily. Around 146 cases were resolved at VIAC (Vietnam International Arbitration Center) in 2015, while 80 cases were resolved in the first half of 2016.

VNPT hopes to secure 20% stake in MobiFone

 VNPT has proposed the government allow it to own a 20 per cent stake in MobiFone.

The peaceful land at 1,800m above sea level in northern Vietnam

At 1,800 metres above sea level, the Muong La District in northern Vietnam is famous for its cool climate and hot mineral springs. It is commonly referred to as a miniature Da Lat and a great tourist destination.

BUSINESS IN BRIEF 6/8

Vietnam-Canada cooperation to benefit largely from TPP, Emirates launches flight to Yangon, Hanoi, D'. San Raffles project to become five-star hotel, SHB: Q2 operation costs up, profit down, Hanoi's GRDP growth hits 9 percent in 2016-2020

Bulgarian dancer shines on

VietNamNet Bridge – The showbiz network and audiences in Viet Nam are familiar with professional dancer Daniel Denev, who performed on Dancing with the Stars, winning the televised contest in 2014 and 2015.

Vietnam hopes for medals in weightlifting, shooting at Rio Olympics

 Vietnam aims to win one or two medals at the 2016 Summer Olympics in Rio de Janeiro, Brazil, with highest hope pinned on weightlifters Thach Kim Tuan and Vuong Thi Huyen and marksman Hoang Xuan Vinh. 

Ha Long golf course mudslide submerges local households

 Authorities of the northern city of Ha Long have suspended a golf course project which has resulted in a mud overflowing into local houses after heavy rain on Wednesday.

Bitcoin transactions suspended, thousands of Vietnamese customers affected

After hackers stole $65 million Bitcoins from Hongkong-based Bitfinex, many Bitcoin exchange platforms in the world have suspended Bitcoin transactions. The incident directly affected the Bitcoin transaction market in Vietnam.

Capital enriched by intangible cultural heritages

 VietNamNet Bridge – Tay Ho lotus tea is listed among 1,793 intangible cultural heritages in Ha Noi,

Many sectors may face labour shortage

 Many industries in Vietnam, especially those relating to engineering, information technology, health care, textiles and footwear, are forecast to have a great demand for employees in the coming years. 

New PM can talk the talk, can he walk the walk?

 VietNamNet Bridge – Earlier this week, Prime Minister Nguyen Xuan Phuc, who has been in his post for three months, asked his cabinet to be pioneers in practising thriftiness and cutting spending.

Foreigners are no guarantee in the property sector

Vietnam’s real estate market has seen scores of cross-border marriages over the past years, but not all of them saw a happy ending due to the parties’ disagreements.