Vietnam breaking n

Update news Vietnam breaking n

Stricter rules against multi-level marketing only a partial solution

 Vietnamese have avoided multi-level marketing as though it were the plague, and for fair reason. 

Experts call for corruption probe into cheap public land transaction

 Several economic experts have raised doubts over possible corruption in the selling of 32 hectares of public land in HCM City.

Electronics retailers to heat up pharmaceutical distribution segment

 FPT and a number of electronics retailers are looking to expand their business by entering the pharmaceutical segment.

Vinafood II raises $51 mln selling 23 percent of stakes in March IPO

 The State-run Vietnam Southern Food Corporation (Vinafood II) raised nearly 1.16 trillion VND (51.1 million USD) from selling 22.97 percent of its stakes at an initial public offering (IPO) on March 14.

Vietnam on right path to protecting intellectual property: US report

Viet Nam has taken steps towards aligning its intellectual property (IP) framework more closely with its Southeast Asian peers, according to the sixth annual International IP Index.

Thai company pours $1.76 billion into Vietnamese wind power projects

 Thailand’s largest solar energy company, Superblock Pcl., plans to invest $1.76 billion to install 700 megawatts (MW) of wind farms in Vietnam.

Seven investors registered to buy all Vinasugar II shares at auction

 The Ministry of Agriculture and Rural Development (MARD) estimates to earn VND664 billion ($29.25 million) after the auction of Vietnam Sugarcane and Sugar Corporation II JSC (Vinasugar II).

South Korean contractors sign $2.7-billion deal for Long Son complex

 Two South Korean investors, namely SK E&C and POSCO E&C, will develop two projects to serve Long Son Petrochemical Complex located in Long Son Island in the southern province of Ba Ria-Vung Tau, according to newswire Koreabusiness.

Mekong Delta seeks to turn agriculture challenges into opportunities

 A workshop on new techniques under the Consortium for Unfavourable Rice Environments (CURE) was held in Can Tho city on January 30, highlighting the need to turn challenges into opportunities for Mekong Delta agriculture.

Vietnam performs world’s first stem cell transplant in treatment of bronchopulmonary dysplasia

The Hanoi-based Vinmec healthcare system has become the first medical facility in the world to successfully carry out bone marrow mononuclear cells transplantation to treat established bronchopulmonary dysplasia (BDP).

Desperately seeking revenue

 Proposals to raise certain tax rates to balance the State budget have received little in the way of support.

EU issues yellow card warning to Vietnam over fisheries exploitation

 The Ministry of Agriculture and Rural Development’s Directorate of Fisheries held a press conference in Hanoi on October 25 regarding the European Union’s issuance of yellow card warning to Vietnam over its fisheries exploitation. 

28% of expats in Vietnam enjoy a better qualify of life: HSBC survey

 Problems with healthcare, culture, and finances make Vietnam a less favorable second home for foreigners, according to HSBC’s latest Expat Explorer survey. 

HCMC rejects information on termination of bus rapid transit project

Head of the Office of HCM City's People Committee Vo Van Hoan has affirmed that the city does not have a policy to suspend the building of the first-ever bus rapid transit line, which runs along Vo Van Kiet and Mai Chi Tho avenues.

Vietnam’s 127 wish-listed projects fail to attract foreign investors

Many of the 127 wish-listed projects in the fields of infrastructure and industrial manufacturing on offer for more than three years, but have yet to captivate foreign investors due to poor feasibility and planning.

Mismatch in quantity and quality: concerns over rising labour demand

As Vietnam targets to have at least one million enterprises by 2020, the increasing number of enterprises will lead to a higher demand for labour. However, experts have raised concerns over the quality of the abundant labour force.

HCM City to auction investment packages in Vietnam’s largest stadium

 The Ho Chi Minh City People’s Committee will organise an auction to select investors for Vietnam’s largest stadium of 50,000 seats at Rach Chiec sports complex in the second city's District 2.

Vietnamese Hungarian athlete competes in 17th FINA World Championships

 Vietnamese Hungarian athlete My Lan will compete in synchronised swimming at the 17th FINA World Championships scheduled for July 14 in Budapest, Hungary.

Vietnam wins 20 gold medals at Eastern Asian youth chess championships

Vietnam officially concluded its campaign at the second Eastern Asian Youth Chess Championships 2017 on June 25, racking up a total of 20 gold, 20 silver and 12 bronze medals across different age groups for both boys and girls.

Vinamilk on list of Nikkei Asian Review’s Asia300 Power Performers

 The Nikkei Asian Review on Thursday released its second annual Asia300 Power Performers Ranking, a compilation of the most powerful and valuable listed companies in Asia.