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Dung Quat refinery to calculate own oil price

 The Finance Ministry has submitted a proposal to the Government to allow Dung Quat Oil Refinery to contribute only 10 per cent in import taxes to the State budget and to calculate its own selling prices.

What’s behind Ministry’s decision to rename Red River exploitation plan?

VietNamNet Bridge - Experts believe that Vietnam needs to set up a national committee on Red River exploitation to be in charge of making decisions on issues related to water source security.

Biden announces U.S. project to promote cancer data sharing

U.S. Vice President Joe Biden said on Monday the "moonshot" initiative he leads aimed at finding cures for cancer was "the only bipartisan thing left in America" and called for more collaboration among researchers, doctors and government agencies

English-language plays staged in HCM City

 University and high school students staged plays based on English-language novels Atonement and Vanity Fair, as well as the fairytale The Nightingale and the Rose, last weekend at the Drama Theatre in HCM City’s District 1.

Three children drown while fishing in Hue

  Three children drowned this morning when they fell into a small river, where they were fishing, in the central province of Thua Thien-Hue.

Vietnam claim Aya Bank Cup

 The Vietnam national men’s football team beat Singapore 3-0 in the final of the 2016 AYA Bank Cup in Myanmar to take the trophy in the first time it attends.

Prime Minister hosts Indian defence minister

 Prime Minister Nguyen Xuan Phuc has urged the Vietnamese and Indian defence ministries to step up their cooperation in traditional areas while expanding the affiliation in new spheres, especially training young officers.

Businesses with turnover under $25 million can't access loans

VietNamNet Bridge - Small and medium enterprises (SMEs) find it difficult to get capital from the stock market or banks. They have to pay more for capital costs, because they are not priority subjects in capital contribution.

Tropical Storm Colin gains speed, barrels toward Florida

Tropical Storm Colin picked up speed over the Gulf of Mexico on Monday as it headed toward Florida's northwest coast, unleashing thunderstorms and flooding while the state's governor activated the National Guard ahead of its landfall. 

President greets French, Indian defence ministers

 President Tran Dai Quang on June 6 had separate meetings with French and Indian defence ministers Jean-Yves Le Drian and Manohar Parrika who are on official visits to Vietnam.

Vietnam, France eye strategic defence dialogue mechanism

 Vietnam and France will consider establishing a strategic defence dialogue mechanism in an effort to enhance their mutual understanding and trust, and promote their defence ties.

Anti-water leak detection app triumphs at national contest

 The “anti-water leak detection app” designed by the Ho Chi Minh City University of Technology triumphed at the national Smart Water Innovation Contest 2016.

Vietnam pharmaceuticals on a high

 Vietnam’s leading pharmaceutical firms have announced high dividend payout rate for 2015, making the lucrative industry more attractive to foreign investors.

The ancient town of lanterns

 VietNamNet Bridge – The ancient town of Hoi An in the central province of Quang Nam has many attractions for visitors to explore, and among them are lanterns of different designs and colors.

Social News 7/6

 HCMC faces high risk of livestock and poultry disease outbreaks, Hanoi tackles telecom service monopoly at apartment buildings, Homeowners take drastic measure against flooding, Over VND44 billion to build National Space Museum

Vietnam financial market: playing field for US institutions

VietNamNet Bridge - Many US financial institutions, from banks, auditing firms to investment funds and real estate firms, are present in Vietnam. However, insurance companies are the best-known names.

Wages for Vietnamese IT engineers: high or low?

VietNamNet Bridge - An IT engineer with three years of experience can receive monthly pay of VND8-10 million, according to Lam Nguyen Hai Long, director of the Quang Trung Software Park (QTSC) in HCM City.

A fundamental change needed for economic reforms

 VietNamNet Bridge – The change of the country's economic structure has once again become a hot topic among business people and law makers following the recent general election.

Vietnamese salt farmers suffer losses as stock piles up

 Salt farmers in HCM City’s Can Gio District are facing low prices, resulting in a stockpile of salt that cannot be sold.  

US’ FDI in Vietnam

 VietNamNet Bridge – Vietnam has massive opportunities for attracting foreign direct investment, in particular, investment from the US, which is predicted by some to become the country’s top foreign investor in the years ahead.