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Viettel makes use of AAE-1 submarine optical cable system

 Vietnamese military-run telecom giant Viettel has commenced using the Asia-Africa-Europe 1 (AAE-1) submarine communications cable system since early July.

4G services set to spark mobile price war

 Following Viettel, it is now the turn of MobiFone and VinaPhone to join the battle for 4G supremacy as they have just concurrently introduced a number of competitive price plans with slight differences for various 4G packages.

Daily life on Ly Son island

Ly Son island district, covering a 10 square kilometer area, comprises the main island-Cu Lao Re-and the little island-Cu Lao Bo Bai.

Hanoi authorities seek support for tree-related projects

 Hanoi will make public all the projects relating to tree planting and relocating in the area according to the city's chairman Nguyen Duc Chung.

Privately run hospitals still cannot make profit

VietNamNet Bridge - Very few privately run clinics in Vietnam can make a profit, and after several years of operation, many have shut down.

Quang Liem earns draw with Ponomariov in Danzhou Super - GM 2017

 Vietnam grandmaster Le Quang Liem has earned a draw with Ruslan Ponomariov of Ukraine at the ongoing Hainan Danzhou Super Grandmaster Chess Tournament in China.

State Bank of Vietnam trims prime rates from July 10

 The State Bank of Vietnam (SBV) has reduced its prime interest rates and the cap on short-term loan rates as from July 10 to serve demand for capital in some economic sectors. 

400 domain names registered daily

 Viet Nam developed 70,900 national domain names (.vn) in the first quarter of this year, equivalent to 393 domain names per day.

Bright future seen for Vietnamese stocks

 A derivatives market, which will start operations in August, is expected to draw more capital to the Vietnamese securities market for the rest of this year, experts told a seminar in HCM City last Saturday.

Government bonds become darling of foreign investors

Recently government bonds have seen strong foreign buying despite the facts that the dollar is expected to continue appreciating due to the US’s plan to raise interest rates a few more times in the near future.

Gov’t must support VN startups: experts

 Speakers from Viet Nam and abroad attended the July 7-8 conference to share their experience in building a national startup ecosystem and encourage Vietnamese startup businesses to develop. 

Facebook business must pay five per cent revenue tax

 Small and home-based business owners who use the Facebook platform to sell products and have revenue of more than VND100 million (US$4,500) per year will be taxed at five per cent.

Weekend flooding kills seven in northern Vietnam

 Heavy rain and flooding over the weekend in the northern regions killed seven people, including a family of four, and one person is missing.

Wanted Russian suspect arrested in Nha Trang

 Police in the central province of Khánh Hòa arrested a Russian woman wanted by Interpol on drug-related charges.

Investors delay toll collection

 Investors in Build-Operate-Transfer (BOT) contracts are delaying installation of electronic toll collection (ETC) equipment at their toll gates on highways, officials say.

Heavy rain to continue triggering northern mountainous region

Torrential rain will continue in the northern mountainous region until July 15, according to the National Centre for Hydro-Meteorological Forecasting. 

Thanh Hoa seizes nearly 2 tonnes of suspected ivory

 Police and market management forces in the central province of Thanh Hoa on July 8 detected a truck transporting nearly 2 tonnes of goods suspected to be ivory without proper documents.

PM hosts international business leaders in Netherlands

 Prime Minister Nguyen Xuan Phuc hosted receptions for leaders of several economic groups and organisations in Amsterdam on July 9 as part of his ongoing official visit to the Netherlands.

Hanoi property market sees lower Q2 sales

Apartment sales in Hanoi declined in the second quarter, while their supply increased in the first half of the year, a new report says.

Da Nang gears up for APEC 2017

 The central coastal city of Da Nang has been working to improve necessary infrastructure in preparation for the APEC Summit Week in November.