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Vietnam Airlines to spend big on aircraft expansion

 Vietnam Airlines Corporation will need nearly VND70 trillion (more than US$3.3 billion) for 2014-2018, including nearly VND63.3 trillion spent on aircraft purchases.

Second M&A wave in Vietnam to top first by $5 billion

 Vietnam's mergers and acquisitions (M&A) market is set off for a second wave in the next five years with total value expected to reach US$20 billion from 2014-18, driven by the equitisation of State-owned enterprises.

Resources sector needs oversight

VietNamNet Bridge – A demand to improve management of natural resources to stop its depletion and degradation was made at a seminar on boosting transparency in natural resources management, in Ha Noi last week.

Academy lecturer opposes Chinese colleague’s view on East Sea issue

 VietNamNet Bridge – Dr. Nguyen Thi Lan Anh from the Diplomatic Academy of Vietnam has written an article refuting the wrongful arguments on the East Sea issue of Wang Junming,

Residents fear frequent quakes

 VietNamNet Bridge – Frequent earthquakes in the central province of Quang Nam's Bac Tra My District near the Song Tranh hydro-power plant have worried thousands of local people.

Young artist introduces kids to modern art

VietNamNet Bridge – Nguyen Thuy Trang studied arts and media at L'E'cole superieure des Beaux-Arts d'Angers, from where she graduated in 2012. She received an award from the Viet Nam Fine Arts Association in 2010

Businesses die, capital flow stagnates as banks look for borrowers

 VietNamNet Bridge – The national economy remains weak with more and more businesses dissolving and capital flow stagnating because banks cannot find borrowers.

VNAT seeks to boost domestic tours

 VietNamNet Bridge – Vietnam is banking on domestic tourists to boost the fortunes of the tourism industry, especially in terms of ensuring its stable growth, the Communist Party of Vietnam Online Newspaper reported.

Vietnam, Thailand hold fourth political consultation

 VietNamNet Bridge – Deputy Foreign Minister Pham Quang Vinh and Thailand’s acting Minister and Permanent Secretary for Foreign Affairs Sihasak Phuangketkeow co-chaired the fourth annual Vietnam-Thailand political consultation in Bangkok

Senior leaders welcome former US President

 VietNamNet Bridge – President Truong Tan Sang and Prime Minister Nguyen Tan Dung on July 18 hosted separate receptions for former US President Bill Clinton on his re-visit to Vietnam.

Japanese couple’s photos capture beautiful landscapes

 VietNamNet Bridge – The natural landscape of Vietnam with its lotus ponds and fountains, streams and rice paddy fields created a wonderful backdrop for a Japanese couple’s wedding album, which went viral on social media.

Dung Quat Oil Refinery eyes $2bil for expansion

 VietNamNet Bridge – The Dung Quat Oil Refinery needs up to US$2 billion to raise its annual processing capacity from its current 6.5 million tonnes to 10 million tonnes in the future.

Flight delays and aborts may lead to license loss

 Minister of Transport Dinh La Thang has warned domestic airlines may lose their licenses if they delay and cancel too many flights without good reasons.

Teakwood forests ravaged as local officials do nothing to stop illegal acts

 VietNamNet Bridge – Although reporters have shown local officials many photos as evidence of deforestation in the Than Sa-Phuong Hoang Nature Reserve, the illegal cutting down of teakwood trees continues unabated.

Malaysians order four Yet Kieu submarines for tourism purposes

 VietNamNet Bridge – Although Vietnamese buyers have shown little interest in the Yet Kieu submarine, a Vietnamese-designed submarine, Malaysia has ordered four subs to serve tourists.

Domestic fish sauce makers regain market share

 VietNamNet Bridge – Vietnamese fish sauce manufacturers have regained the domestic market from multinationals by using their traditional recipes.

Hay Hay – an ideal place for art lovers in Hoi An

 Hoi An’s first Art Collective opens up in the UNESCO-recognised ancient town, with plans to promote and nurture Vietnam’s creative, unsung artists.

Social networks spoil children, many parents believe

 VietNamNet Bridge – Many Vietnamese parents believe that the virtual world on social networks is not a good environment for children.

Nation vows to fight corruption

 VietNamNet Bridge – People are a decisive factor in the fight against corruption, Deputy Director of the National Defence and Security Council Le Viet Tuong told the Viet Nam Economics Times

Travel News 19/7

One further five star hotel in HCMC; Lao Cai to open spiritual tour along Red River; Flights to connect Phu Quoc with Singapore, Siem Reap; Tourism plan launched for local travellers; VietJetAir to offer tourism discounts