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Chess grandmaster graduates from American university, promises to contribute to VN

Le Quang Liem wrote on Facebook that in the future, no matter where he lives and works, he will always be a Vietnamese and will contribute to the country’s development.

Which animal would you be? Companies’ choices reflect their business ethos

VietNamNet Bridge - The Gioi Di Dong wants to be a leopard, Vietjet a pigeon, Masan a wild boar and FPT a herd of bees. What’s the philosophy behind the choices?

Forests logging continues despite PM’s order on forest closure

VietNamNet Bridge - The forests in the central region and Central Highlands still continue to be felled despite the Prime Minister’s order one year ago to close natural forests.

Sacombank appoints new general director

 Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) has appointed Nguyen Duc Thach Diem as the new general director of the bank, starting July 3.

Growth quality in focus at HCM City People’s Council session

 The Ho Chi Minh City People’s Council opened the fifth session in the ninth tenure on July 4 with the quality of local economic growth among issues high on the agenda.

Hanoi to have astronomy park

Nam Cuong Corporation, in cooperation with the Vietnam Academy of Science and Technology and EGO International, will build an astronomy park in Hanoi.

Vietnam's foreign exchange reserves at record level

 Vietnam’s foreign exchange reserves have hit a new record, the State Bank of Vietnam (SBV) told the regular government meeting on July 3.

Next generation Bphone to be introduced in August

 “The next generation Bphone will be introduced at the beginning of August in Hanoi,” Ms. Do Thu Hang, Director of Public Relations at Bkav, said.

Hanoi, HCM City agencies vow to collect tax from online sellers

Taxation agencies are sending invitations and messages, making calls to online sellers and threatening to block Facebook accounts if online sellers continue to evade tax.

Vietnam police prosecuted Taiwanese CEO in $12 m fraud case

A Taiwanese man and his six Vietnamese accomplices at a Hanoi-based company were prosecuted on Monday for swindling hundreds of local people through an illegal gold trading floor.

Traffic jams cause Hanoi loss of $600 million annually

Traffic jams caused average annual loss of $600 million for Hanoi, according to Nguyen Phi Thuong, Chairman of Transport Corporation Hanoi at a meeting of the municipal people’s council on July 3.

Russian oil company signs MoU with PetroVietnam

ZARUBEZHNEFT and PetroVietnam Exploration Production Corporation (PVEP) signed a memorandum of understanding (MoU) on June 30.

Commonwealth Bank of Australia sells HCM City branch to VIB

 The Vietnam International Bank (VIB) and Commonwealth Bank of Australia (CBA) announced on Monday that CBA’s HCM City branch would be sold to VIB.

Local fashion brands face fierce competition with foreign rivals

 The influx of foreign fast fashion brands into Vietnam is threatening local retailers’ market share, forcing the firms to move to keep their foothold in the market, Dau tu (Vietnam Investment Review) newspaper reported.

Finance Ministry rejects LG Display’s plan to increase investment capital

The Ministry of Finance’s (MOF) move to reject LG Display’s plan to increase investment capital by $90 million to $1.59 billion shows state agencies’ concern about possible financial imbalance if foreign-invested enterprises rely heavily on loans.

PM’s Germany visit to transmit message about dynamic Vietnam

 Prime Minister Nguyen Xuan Phuc’s visit to Germany and his attendance at the G20 Summit from July 5-8 is expected to showcase Vietnam as a dynamic country, and a trusted and responsible member of the international community.

Retail sale segment - delicious cake for domestic, foreign banks

 Both foreign and domestic banks are racing to develop retail sale strategies in Vietnam, the 93-million-people country-a fertile land for banking retail business.

Foreigners allowed to apply for visas online

 Vietnam’s immigration agency on July 2 launched a website where domestic organizations and businesses can apply for visas for their foreign guests to visit the country.

South Korea to lend $100mn for bridge projects

 The South Korean Government’s Economic Development Cooperation Fund (EDCF) will provide a loan $100 million for Vietnam to build or renovate 22 bridges around the country.

VN remains key focus for global hotel industry: Jones Lang LaSalle

 Hoteliers are attracted by Vietnamese rapidly growing tourism sector, robust economic development and infrastructure investments, real estate consultancy Jones Lang LaSalle has said in a recent report.