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BUSINESS IN BRIEF 8/9

 Transport companies yet to lower fares despite fuel price cuts, Air travel to become cheaper, Vegetexco Vietnam successfully IPOs, Oil production on the up, An Phat to increase holding in Vinaconex 3 to 51%

Phan Thiet to host tourism workshop

 VietNamNet Bridge – Nearly 500 Vietnamese, Lao and Cambodian government officials, business executives and tourism experts will take part in an international workshop in Phan Thiet City this week.

Weaker VND feared to cause flight of hot money out of Vietnam

VietNamNet Bridge - Analysts warned that dollar price fluctuations would prompt foreign investors to withdraw capital from Vietnam. If so, this would put pressure on the exchange rate.

Toshiba posts $318m full-year loss

 Troubled Japanese conglomerate Toshiba has posted a net loss of 37.8bn yen ($318m; £209.3m) for the year to March.

Migrant crisis: Germany to release funds to help regions cope

 Germany's coalition government has agreed to spend 6bn euros (£4.4bn) to support record numbers of migrants and other measures to deal with the influx.

Hong Kong giant takes over Nam Hoi An casino project

 VietNamNet Bridge – As of Sept, 4, Chow Tai Fook Enterprises Ltd. (Hong Kong) will replace Vinaland to manage the Nam Hoi An casino project.

Lightning in Indian states 'kills 32'

 At least 32 people have been killed following lightning strikes in the Indian states of Andhra Pradesh and Orissa, reports say.

Photos: Landslide buries several houses in Lang Son

VietNamNet Bridge - Two days of heavy rain caused severe landslides in the districts of Chi Lang, Trang Dinh and Cao Loc in the northern mountainous province of Lang Son, damaging tens of houses and assets of local residents.

200-year-old house of three generations in Thanh Hoa

VietNamNet Bridge - Just a few hundred meters from the Ho Dynasty Citadel, a World Heritage site, an ancient house in Tay Giai Village has also been recognized by UNESCO as one of the the top 10 traditional houses in Vietnam.

Saigon thunderstorm causes one death, four injuries

 VietNamNet Bridge – A baby was killed and four people were injured during a thunderstorm in HCM City on September 4 afternoon. Motorbikes and a luxury car were damaged by fallen trees.

Samsung agrees to take domestic parts suppliers

VietNamNet Bridge - More Vietnamese manufacturers who found it difficult to become part of Samsung’s global supply chain, are becoming component suppliers for Samsung.

Quang Ninh man fined for letting his 6-year-old son drive a truck

 VietNamNet Bridge - Police in Mong Cai City in Quang Ninh Province imposed a VND3 million (nearly $150) fine on a man who allowed his son to drive a truck.

Social News 7/9

 Slow progress on highway upgrade, HCM City heart institute saves lives with French association support, PM starts power supply project to Lai Son Island, 3 month old baby dies after Quinvaxem vaccination

Photos: The must-see "fruit kingdoms” in South Vietnam

 VietNamNet Bridge - Cai Mon, Cai, and Lai Thieu are not only the largest fruit areas in Vietnam but also popular tourist destinations.

Vietnam probes MSG imports

 The Ministry of Industry and Trade has decided to launch an investigation into monosodium glutamate (MSG) imports months after Vedan Vietnam Co. proposed a safeguard duty on the flavor enhancer.

VN establishes two sub-committees to serve APEC 2017

 Deputy Prime Minister and Foreign Minister Pham Binh Minh has signed decisions on establishing two sub-committees, under the National Committee for APEC 2017.

KPMG Asia-Pacific leader to visit Vietnam

 Simon Topping, head of KPMG’s Asia-Pacific Financial Services Regulatory Centre of Excellence will visit Vietnam this week to share his experiences in Basel implementation in other countries in Asia.

Nam to meet Denis Shapovalov in US Open's junior circuit

 Vietnamese top tennis player Ly Hoang Nam will meet Denis Shapovalov of Canada in the boys' singles, first round, of the US Open's junior circuit.

VN steel dumping case ends

 The Australian Anti-Dumping Commission (ADC) has announced the conclusion of its investigation into dumping allegations over zinc-coated (galvanised) steel imported from Viet Nam.

Trade deficit with China grows wider

 The Ministry of Industry and Trade announced that Viet Nam's trade deficit with China continued to grow, presently at US$22.3 billion, and with another quarter of the year left to go.