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Fiscal discipline indispensible to close Vietnam’s budget deficit

If fiscal discipline is upheld in allocating budget expenditures following the approved budget estimates, the state budget will face less severe deficits and even enjoy surpluses in some years.

VN win first match in Asian volleyball tournament

 Vietnam won the opening match of the Asian Men’s Club Volleyball Championship, held in Ninh Binh Province on Wednesday.

PM orders strong crackdown on overloaded vehicles

PM Nguyen Xuan Phuc has ordered the National Committee of Traffic Safety and the Ministry of Transport to take measures against overloaded vehicles, and non-transparent competitiveness in car transport businesses.

Highland forest management official suspended

 The director of the Bac Bien Ho protection forest’s management unit in Central Highlands’ Gia Lai Province has been suspended from work for misconduct in forest land use.

Thua Thien–Hue basically completes Formosa incident compensation

Thua Thien – Hue is exerting every effort to complete compensation for locals affected by the marine environment incident last year, according to an official of the provincial People’s Committee. 

Convenience stores seek ways to differentiate themselves from rivals

VietNamNet Bridge - Brands are trying to fully exploit their advantage to compete with rivals, but most of them are developing a model that is a hybrid between a convenience store and fast food shop.

Ministry pushes app based taxi management to localities

Deputy Minister of Transport Nguyen Hong Truong has said that the ministry does not license the number of cars attending a pilot project on app-based taxi service approved by the Prime Minister.

Mystery company may continue gobbling up failing steel giant

Over the last few months, Thai Hung Trading JSC repeatedly purchased huge numbers of Thai Nguyen Iron and Steel Corporation’s stocks, and it is rumoured that it will continue expanding its ownership in Tisco.

Local officials use dead people to scam state money

 Local authorities in Ha Ninh Commune, Thanh Hoa Province have been denounced for including dead people in their list of participants to receive state funds.   

Asian Men’s Volleyball Championships kicks off in Ninh Binh

The Asian Men’s Volleyball Championships, hosted by the northern provinces of Ninh Binh and Nam Dinh, opened in Ninh Binh on June 28.

HCM City, Intel Group boost cooperation in human resource training

 Ho Chi Minh City wishes to boost cooperative ties with Intel Group, particularly in high-tech human resource development.

Vietnamese consumers among most demanding on e-commerce

 Viet Nam’s e-commerce may be one of the world’s fastest-growing markets, but the country’s customers are also among the most demanding.

Tourism plans in Mekong Delta called too ambitious

VietNamNet Bridge - The Mekong Delta expects 34 million travelers by 2020, but the goal is out of reach if local tourism continues to operate in the traditional way.

Hanoi to build two more metro lines

 The government of Hanoi City has plans to build two more metro lines in the west of the city to cope with traffic congestion there.

Almost 77,000 new enterprises operative in H1

There were 61,276 newly-established enterprises in Vietnam in the first half of this year with total capital of $26.22 billion, according to the Ministry of Planning and Investment.

C&W: Vietnam Asia-Pacific's next emerging market

Vietnam continues to slowly but steadily develop and will be Asia-Pacific’s next emerging market over the next five to ten years, according to the latest report from Cushman & Wakefield.

Vietnam wishes to further defence ties with EU

Deputy Minister of Defence, Sen. Lieut. Gen. Nguyen Chi Vinh has affirmed that Vietnam considers the European Union as an important partner and wishes to further develop bilateral defence ties. 

Fake HCM City cop who preyed on foreigners goes on trial

A serial-offending Vietnamese man who was accused of posing as a policeman to rob foreigners in HCM City finally faced trial on June 28.

Hanoi police make amazing claim that 90% agree with controversial motorbike ban

 The Hanoi Police Department have made a controversial suggestion that 90% people support a motorbike ban in the city centre.

FDI into property sector continues rising

 The Vietnamese real estate sector has attracted a total foreign direct investment (FDI) of USD701 million in the first half of this year, up 16% on-year.