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Power production costs remains problem for Vietnam to solve

VietNamNet Bridge - Former US Secretary of State John Kerry has suggested an optimal solution to ensure power supply for Vietnam's economic development.

Four big firms share lucrative ice cream market

Kido Foods (KDF) dominates the ice cream market, with a 35 percent share, while Unilever, Thuy Ta and Vinamilk hold 10 percent, 10 percent and 9 percent of market share, respectively.

The ‘chemistry golden boys’

VietNamNet Bridge - They are known as the three ‘chemistry golden boys because they won gold medals at the 49th IChO and all of them have ‘golden virtues’.

Small agri production must end

Vietnam’s agriculture sector needs to end the practice of small-scale production and reorganize it on a larger scale towards high-tech agriculture, the “Reorganizing Agricultural Production” seminar heard.

Party chief, Cambodian King hold talks in Phnom Penh

 Party General Secretary Nguyen Phu Trong held talks with Cambodian King Nodorom Sihamoni following an official welcoming ceremony for the Vietnamese Party leader in Phnom Penh on July 20.

Expansion to Hanoi’s pedestrian area proposed

 Authorities of Hanoi’s Hoan Kiem District have proposed expanding the number of pedestrianised streets and increasing the amount of time streets are shut to traffic during the summer.

Private companies’ influence on economy growing

As Thaco’s car sales decreased, the Quang Nam province’s budget revenue suddenly dropped by VND3 trillion. This news has been cited by economists to show the role of large private conglomerates in the economy.

Eventful diplomatic activities of Vietnam in June

Eventful diplomatic activities took place in June with a string of overseas trips of PM Nguyen Xuan Phuc and President Tran Dai Quang to Japan, Russia, and Belarus.

Pumping oil and coal to gain GDP target faces difficulties

 Boosting crude oil pumping and coal mining to achieve a gross domestic product (GDP) growth rate of 6.7% in 2017 is forecast to face difficulties mainly due to low prices, said the Ministry of Planning and Investment.

Taxes on Grab, Uber are compliant to rules, says ministry

 The Finance Ministry asserts the collection of tax on Grab and Uber is fully compliant with prevailing tax regulations and many traditional taxi companies are still paying less than the fixed tax payable by the two foreign firms.

Dung Quat Refinery asks for loan guarantee

Binh Son Refining and Petrochemical Co Ltd, the operator of Dung Quat Oil Refinery, wants the Government to provide guarantee for its loans of US$1.26 billion needed for the second phase of the upgrading and expansion project of the refinery.

IT recruitment to rise 20-fold in 2018 against 2016

 IT recruiters will be seeking up to 350,000 programmers in 2018, a 20-fold increase compared to 2016, according to the Salary, Welfare and Trends.

HSBC pares back VN's GDP growth to 6%

“We have also pared back our full-year forecast from 6.4 per cent to 6 per cent growth in 2017, due to the country’s sluggish start in the first quarter,” HSBC noted in its Vietnam at a Glance Report.  

F&N’s subsidiary undeterred in appetite for Vinamilk shares

In spite of numerous failures, Singapore-based F&N Dairy Investments Pte., Ltd., has expressed its determination to own more stakes in Vinamilk via registering to buy an additional 14.5 million shares.

How many private businesses are there in Vietnam?

VietNamNet Bridge - The statistics on the number of private businesses released by state management agencies vary.

Domestic kung fu school banned from fight with Canadian

 The Vietnamese Traditional Martial Arts Association has banned the Nam Huynh Dao Kung Fu School from participating in any competition with the martial artist Pierre Francois Flores without official permission.

South Korea now Vietnam's 2nd largest trade partner

 South Korea has surpassed the US, the EU, and ASEAN for the first time to become Vietnam’s second-largest trade partner.

American man dies during liposuction surgery in HCM City

 An American man has died while undergoing liposuction at a clinic in HCM City local police said. 

Japanese capital flows in real estate in Vietnam

 Many Japanese firms such as Mitsubishi, Maeda, Kajima, Sumitomo and Creed Group have made investments worth tens to hundreds of millions USD in the Vietnamese realty market within over the past year.

VN firms yet to get the hang of AEC

 The ASEAN Economic Community (AEC) can be a major catalyst for national growth, but few Vietnamese businesses have grasped the concept and its importance, officials and experts said at a seminar on Wednesday.