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BUSINESS IN BRIEF 5/7

VOF starts to pay for Novaland stocks, Saigon Port IPO grosses nearly US$19 million, Finance Ministry cracks down on troublesome tax, customs officials, SOE equitization far behind schedule, HCM City sees 16,500 condos sold in H1

Clinton photo epitomises 20 years of US-VN ties

 A photo of former President Bill Clinton shaking hands with Vietnamese people taken by Tran Viet Dung has won the first prize at a contest.

Tokyo Strategy 2015 adopted at Mekong-Japan Summit

VietNamNet Bridge – Leaders from the five Mekong sub-regional nations and Japan have approved the Tokyo Strategy 2015 with an overall goal for the 2016-2018 Mekong-Japan cooperation specifically designed to ensure regional stability

Park wins 2nd UNESCO recognition

VietNamNet Bridge – Central Viet Nam's Phong Nha-Ke Bang National Park received its second UNESCO recognition yesterday.

Quang Binh finding investors for major tourism projects

 Quang Binh Province on the central coast is looking for domestic and foreign investors to develop around 35 major commercial and tourism projects with combined capital of more than VND23.4 trillion (over US$1 billion).

VN, S Korea discuss tourism upgrades

VietNamNet Bridge – More than 70 government officials and personnel from travel agencies, hotels as well as academics from Viet Nam and South Korea exchanged notes and shared best practices at a tourism workshop held yesterday

VN Customs to tighten supervision of airport staff

 VietNamNet Bridge – Viet Nam Customs (VC) has directed its departments across 10 cities and provinces to tighten the supervision of its staff entering airports' restricted areas to curb smuggling through airways.

Transport ministry affirms wavy railway meets safety standards

 VietNamNet Bridge – The Ministry of Transport (MoT) issued a press release yesterday (July 3) saying that the controversial wavy line of an under-construction urban railway project observes technical standards.

VED proposes reform measures for higher education in Vietnam

VietNamNet Bridge - An 8,000-word petition has been sent by the Vietnam Education Dialogue (VED) Group headed by Professor Ngo Bao Chau, a mathematician and Fields medal winner, to education and training leaders.

Composer An Thuyen dies aged 65

 VietNamNet Bridge – Composer An Thuyen, who is well-known for his songs inspired by national folk music, died at 65 of a heart attack yesterday (July 3) in Ha Noi.

HCM City wants to borrow $900 million to build sewage treatment plants

 VietNamNet Bridge - HCM City will have 12 sewage treatment plants by 2020, up from its current two. The city wants to borrow nearly $900 million from the Asian Development Bank (ADB) to build four more plants.

Party chief to visit US

 General Secretary of the Central Committee of the Communist Party of Viet Nam Nguyen Phu Trong, will pay an official visit to the US from July 6 to July 10

The consequences of US lifting the embargo against Vietnam in 1995

At the historic moment when US President Bill Clinton lifted the embargo against Vietnam, at 5 am on February 4, 1994, Hanoi time, Vietnamese wondered at the time how it would affect the country.

Seven world-famous caves of Vietnam

 VietNamNet Bridge – The caves of Huong Tich, Tam Coc, Dau Go and others make for colorful stalactites of various shapes.

Binh Duong out to defend league lead

 VietNamNet Bridge – Defending Becamex Binh Duong are expected to earn three points against archrivals Song Lam Nghe An (SLNA) at the 14th round of the second leg of Toyota V.League 1 today, July 4.

Ethnic minorities to receive support

VietNamNet Bridge – Viet Nam must work harder to support its numerous ethnicities, who mainly reside in remote, mountainous regions,

The French taste in Saigon

 VietNamNet Bridge – French people who have settled in HCM City have brought their cuisine to the city.

PM sees new options for Japan firms

VietNamNet Bridge – Prime Minister Nguyen Tan Dung said Viet Nam had room for growth and could give Japanese firms new opportunities at a business forum held with the five Mekong Delta countries yesterday (July 3) in Tokyo.  

VN amateur chef off to S Korea

 Vietnamese amateur chef Phan Ngoc Anh will participate in a cooking contest held in South Korea from August 20-28.

Vietnam urged to set up power market

 Vietnam should build a market institution for the electricity sector if the country wants to build a competitive power market, experts said.