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Vietnam Private Sector Forum 2017 on horizon

The second plenary session of the Vietnam Private Sector Forum 2017 will take place in Hanoi at the end of July, chaired by Prime Minister Nguyen Xuan Phuc.

National Assembly approves bills on State compensation liability, legal aid

 Deputies voted to approve the draft revised Law on State compensation liability and the revised Law on legal aid during the third session of the 14th National Assembly in Hanoi on June 20.

Vietnam’s steel exports face tough trade barriers

Steel manufacturers are facing bigger barriers, trade remedies and measures to restrict imports from major markets. However, exports are expected to reach $3 billion this year.

Vietnam's inflation projected to drop to below 3 percent in 2017

 Market research firm MarketIntello has forecast that Vietnam’s inflation may fall to below 3 percent, lower than the rate of 3.8 percent it predicted last month.

Expressway construction in Vietnam costlier than elsewhere

 The average cost of a kilometer of expressway in Vietnam is about US$12 million, far higher than in other countries.

Many power companies to go public

Many electricity companies and projects invested by the Vietnam Electricity Group (EVN) will be privatized, as the State will maintain majority stakes in certain primary businesses in the sector.

Efforts ongoing to rescue Tan Son Nhat Airport in HCM City

 HCM City has implemented lot of projects to solve flooding, traffic jam and overloading for Tan Son Nhat International Airport. Still they are unlikely to radically tackle the issues due to rapid mechanical population increase.

Dr. Bui Hung Thang: ‘carbon nanotube material is the way for me’

Dr Bui Hung Thang Thang has the strong belief that Vietnam will catch up to the world in new research directions such as carbon nanotubes.

Soldiering on

 Not everyone is pleased with talk of raising the retirement age.

Vietnam 4th in Asia-Pacific for online shopping

 92% of Vietnamese people shopped online in first half and 96.2% said they would make at least one online shopping transaction, latest Mastercard report finds.

Rough ride

Traditional taxi companies have their work cut out staving off the attack from ride-hailing apps.

Uniqlo may be heading to Vietnam

 Japanese retailer holds recruitment event, triggering debate about its intentions in Vietnam.

Property M&A deals surge in six months

 The real estate market has become busier with a large number of merger & acquisition (M&A) deals recorded in the last two quarters. 

Spike trap thought to target overloaded trucks

 The National Traffic Safety Committee has requested an urgent inspection into a big board of spikes that was deliberately put on a road between Phu Tho and Tuyen Quang provinces.

Second-hand consumer goods flood HCM City ports

 Second-hand consumer goods have been smuggled and abandoned in HCM City.

JBAV warns about Vietnam losing cheap labour advantage

 The Japan Business Association in Vietnam (JBAV) has said Vietnam is losing its advantage of cheap labour and must focus on developing support industries and Japanese firms can help with technology transfers.

One win for Vietnam team in chess event

Vietnamese player Bao Tram defeated her Chinese rival Tan Zhongyi in the third round of FIDE Women’s Team Championship in Khanty-Mansiysk, Russia on June 19.

International markets open more widely to Vietnamese goods

VietNamNet Bridge - Vietnamese products have more opportunities than ever before to conquer the world market. 

Rapid bank credit growth makes analysts wary

 Nguyen Thi Hong, deputy governor of the State Bank of Vietnam, said as of May end bank credit had grown at 6.58 per cent in the year-to-date, an eight-year high.

Pharma FIEs allowed to trade

Eight years after the phase-in schedule for the relevant WTO commitments, Vietnam is setting forth a legal framework for foreign invested enterprises to trade in pharmaceuticals and pharmaceutical ingredients to fulfill its WTO commitments.