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Floods in China kill almost 130, wipe out crops

 Severe flooding across central and southern China over the past week has killed almost 130 people, damaged more than 1.9 million hectares of crops and led to direct economic losses of more than 38 billion yuan ($5.70 billion),

Businesses say they lack capital because of new tax refund regulations

VietNamNet Bridge - With no tax refund for inventories, businesses complain they will lack working capital for operations. The new regulation will take effect on July 1.

Global stocks singed, bonds surge as Brexit fears flare

 Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risky assets of all stripes.

Tan Son Nhat Airport to reduce flights during peak hours

Deputy Ministry of Transport Nguyen Nhat has asked the Vietnam Civil Aviation Administration to reduce the number of flights during peak hours (4pm-6pm) to curb congestion at Tan Son Nhat Airport in HCM City.

Assets of Vietnam’s only billionaire rise to $2.2 billion

 VietNamNet Bridge - Securities assets of billionaire Pham Nhat Vuong have exceeded VND30,400 billion ($1.36 billion), as he turns 48 years old.

Vietnam government debt is nearly $86 billion

 VietNamNet Bridge – The Vietnamese Government’s debt balance increased over the years to reach about $86 billion by the end of 2014, according to the public debt bulletin published by the Ministry of Finance.

PetroVietnam appoints four deputy general directors

The Vietnam National Oil and Gas Corporation (PetroVietnam)  appointed four deputy general directors, including Mr. Nguyen Quynh Lam, Mr. Le Minh Hong, Mr. Nguyen Quoc Thap and Mr. Nguyen Sinh Khang.

BUSINESS IN BRIEF 6/7

 Slow economy threatens targeted GDP growth, Investments in HCMC soar in 2016-2020, Binh Dinh okays renewable energy project, Draft decree sets more conditions for customs priority, Old ships cost Vinalines dearly

Vietnamese referee to work at FIFA futsal world cup in Colombia

 The FIFA Referees Committee has appointed Truong Quoc Dung to referee at the FIFA Futsal World Cup in Colombia from September 10 to October 1.

Party Central Committee plenum makes vital decisions

 Party General Secretary Nguyen Phu Trong has stressed the importance of the agenda discussed at the ongoing 3rd plenum of the 12th Party Central Committee.

Public toilet sites to be listed on HCM City's tourism e-map

 HCM City authorities plan to include the location of public toilets on e-maps and improve toilet services in HCM City.

Vietnam to host ASEAN largest tourism forum

 Prime Minister Nguyen Xuan Phuc approved a proposal yesterday for Việt Nam to host the 2019 ASEAN Tourism Forum (ATF).

Young pianists to compete in Hanoi

 Amateur pianists aged six to 18 will take part in the annual VNAM Piano Festival 2016 to be held in Hanoi between July 15 and 17  at the Vietnam Academy of Music.

Vietnam, Russia boost links in oil and gas production

Russian President Vladimir Putin has signed a federal law on ratifying the Agreement between the Russian and Vietnamese Governments on cooperation in geological survey and production of oil and gas in Russia.

Beauties flood Miss Vietnam 2016 pageant

 More than 1,000 crown hopefuls have registered for Miss Viet Nam 2016 – the biennial national beauty contest, creating a lot of work for the judging panel.

Embassies in Cambodia, UAE active in citizen protection

 The Vietnamese Embassy in Cambodia has conducted measures to ensure citizen protection following Cambodian forces’ arrest of 84 Vietnamese people on July 1.

Visa exemption agreement between Vietnam and Cyprus approved

 The Vietnamese Government has approved an agreement on visa exemption for diplomatic and official passport holders signed with the Republic of Cyprus.

Southern cities increase use of CNG-fueled vehicles

 PV Gas South JSC and PVGazprom NGV - a joint venture between Vietnam and Russia, will join hands with each other in natural gas development in service of the transport sector under an agreement signed recently.

Law system needs to be completed once TPP is ratified

The National Assembly, the Government and offices still have a lot of works to do to put the Trans-Pacific Partnership (TPP) into practice, and to create a new motivation for the nation during its integration process once the agreement is ratified.

President bids farewell to Belarusian ambassador

 Vietnam will continue to attach importance to developing friendship and cooperation with its traditional friends, including Belarus, President Tran Dai Quang told Belarusian out-going Ambassador Valery Sadokho on July 5.