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Restaurant owner accused of misappropriating money from Australian

 The HCM City police have detained restaurant owner Tran Tuan Minh, 22, for allegedly misappropriating nearly VNĐ700 million (US$31,100) from an Australian.

Derivatives market to begin in August: Official

 The derivatives market will start operations in August as all preparatory activities have been completed, according to officials of the Hanoi Stock Exchange (HNX).

VN apparel industry lacks ‘supplier punch’

 Vinatex, the nation’s premier garment and textiles group, is targeting an increase in profits this year despite the difficulties forecast for both domestic and global markets.

Air carriers grow rapidly, but aviation infrastructure lags behind

VietNamNet Bridge - Aviation infrastructure still cannot catch up with the pace of the development of airlines.

Cyclists to compete at Number 1 Cup

An Giang Television-Number 1 Cup, an international women’s cycling tournament, will kick off on July 8.

Double-decker tourist bus starts trial run in Hanoi

 The first double-decker bus to ferry tourists around the city started its trial run in Hanoi on Friday morning.

Vietnam, Russia need to fully tap comprehensive strategic partnership

 President Tran Dai Quang’s official visit to Russia is a crucial event and can facilitate the implementation of agreements reached by the two nations, a Russian expert has said.

UN puts trust in Vietnamese peace-keeping forces

 UN peacekeeping forces trust the enthusiasm and responsibility of Vietnamese peacekeeping forces, especially through the deeds of the Ho Chi Minh City-based Military Hospital 175.

Tough talk over pay raise in 2018

 While employers are rallying for a freeze on a wage rise next year, employees are pushing for a 13.3% pay increase.

Viettel products honoured at 2017 IT World Awards

 Six products of military-run telecom group Viettel were honoured at the 2017 IT World Awards held in San Francisco, the US, on June 27.

JLL: Vietnam remains key focus for hotel investors and operators

 Hoteliers are attracted by Vietnam’s rapidly growing tourism sector, robust economic development, and infrastructure investments, according to real estate consultants JLL.

Private conglomerates must be pillar of economy: economist

It is necessary to create a market where privately run conglomerates will play the pivotal role. This must be associated with a system of policies which encourage the development of the private economic sector. 

New Chairman for Airports Corporation of Vietnam

Mr. Lai Xuan Thanh has been elected Chairman of the Board of Airports Corporation of Vietnam for the 2016-2020 term, replacing the retiring Mr. Nguyen Nguyen Hung, under a decision approved at ACV’s 2017 annual general meeting on June 28.

Vietnamese woman stabbed to death by Korean father-in-law

 Vietnamese authorities are completing procedures to repatriate the cremated ashes of a woman who was killed by her father-in-law in South Korea in early June.

Vietnam, Russia issue joint statement

Vietnam and Russia issued a joint statement on the occasion of President Tran Dai Quang’s official visit to Russia from June 28-July 1.

Sacombank board of directors: 6 candidates listed

 Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) on Wednesday announced the official list of candidates for board of directors’ tenure 2017-2021, approved by the State Bank of Vietnam.

VN to import petrol for next five years

Viet Nam is expected to continue importing petroleum products for the next five years as production of major oil refineries is unable to meet the increasing local demand.

Taxi-Uber clash rasies questions

 The mounting clash between traditional taxi firms and ride-hailing platforms Uber and Grab has raised the question of how to ensure fair competition in the passenger transportation market.

Resumption of suspended projects could erase bad debt in property sector

 The bad debt in the real estate sector could be resolved if steps are taken to resume suspended projects, according to the HCM City Real Estate Association (HoREA).

Q2 growth robust, 2017 target a long way away

 Strong second quarter growth has led Vietnam’s economy back from a disappointing first quarter performance, with gross domestic product growth reaching 5.73 per cent in the first half of 2017.