TPP

Update news TPP

Gov’t: budget deficit rising

The budget deficit in the first half of the year hit VNĐ82.9 trillion (US$3.7 billion) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.

Property market recovering

The property market will continue recovering but experts told an online forum held by Đầu Tư (Investment) newspaper on July 1 that they do not expect breakthroughs in the second half of this year.

Second Vietnamese Meet Magento to open this year

Meet Magento 2016 Vietnam, one of the most energetic and rapid-growing markets in Southeast Asia, will be held on October 15, 2016, in HCM City.

MobiFone pilots 4G, MobiTV services

The MobiFone Telecommunications Corporation (MobiFone), the second-largest mobile operator in terms of subscribers, has started piloting its 4G and MobiTV services July 1.


Students take national highschool exams

Students took their first two national high school exams in mathematics and a foreign language.

Steel industry needs government protection to survive: experts

In 2015, China topped the world in terms of steel output (803.8 million tons), exporting 111.6 million tons. Meanwhile, Vietnam ranked seventh in the world and the first in South East Asia in steel imports (16.3 million tons).

Vietnam needs a decade to deal with bad debts

VietNamNet Bridge - Five years have elapsed since the day the State Bank released figures about banks’ bad debts, but the problem still has not been settled. Vietnam will need another five years to deal with it.

Why have Japanese chosen Hai Phong Port?

VietNamNet Bridge - Japanese enterprises have been step by step closing their factories in the south of China and moving to Vietnam.

How will Apple SIM affect network operators?

VietNamNet Bridge - Apple SIM is considered a technological breakthrough, but it could be an obstacle to mobile network operators’ business.

Investment projects of powerful conglomerates lose trillions of dong

VietNamNet Bridge - A series of huge projects developed by economic groups belonging to the Ministry of Industry and Trade (MOIT) have reported losses worth trillions of dong of the state’s money. 

Hanoi calls for investment to treat domestic solid waste

VietNamNet Bridge - Hanoi needs investment to apply new comprehensive measures to sort waste at source, organize waste collection, and treat waste with modern technologies.

Teachers promise not to open private classes if salary high enough

Analysts say they don’t believe the Ministry of Education and Training can prohibit private teaching unless the wage policy is adjusted and teachers’ salaries are high enough to cover their basic needs.

How high are the incomes of managers in state-owned conglomerates?

VietNamNet Bridge - The managers of state-owned economic groups and general corporations are reported to receive VND0.5 billion a year. But their real incomes are much higher.


Technology startups received huge capital last year

VietNamNet Bridge - A huge amount of capital has been poured into Vietnamese technology startups in recent years.               

Real estate giants rush to organize beauty contests

VietNamNet Bridge - Tuan Chau, Vingroup, Hoan Cau and FLC – the biggest real estate groups – are trying to build their brands and polish their images by organizing beauty contests. 

Vietnamese-born American owns properties worth hundreds of millions of dollars

VietNamNet Bridge - Dubbed the "Father of Little Saigon", Trieu Nhu Phat, the man who came to the US and started his own business, now holds assets worth $500 million.

Technology startups: high failure rate worries some investors

VietNamNet Bridge - More than 60 percent of startups fail and 70 percent fail in the first year of operation. 

International reports warn about disintegration of Mekong River Delta

VietNamNet Bridge - Vietnam’s Mekong River Delta is in danger of disintegrating as the volume of sediment is declining.

Vietnamese enterprises dominating processed food market

VietNamNet Bridge - With a 20-40 percent growth rate and predicted 15 percent growth rate in upcoming years, the processed food market is attractive to many investors. 

Smart agriculture produces high melon yield

VietNamNet Bridge - Software, chip sensors and cloud computing have been used in ‘smart agriculture’ projects in HCMC which have brought encouraging results.