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Steel industry calling for safeguard duties on imports

 The Vietnam Steel Association (VSA) has proposed the government impose temporary safeguard duties on imported pre-painted galvanized steel to protect local producers and workers.

MobiFone's 6M revenue rises, profit falls

 MobiFone announced revenue for the first six months of 2016 of VND16.2 trillion ($736.3 million), up 16.6 per cent year-on-year, while after-tax profit was VND2.51 trillion ($112.1 million), down 21 per cent.

Vietnam has second USD billionaire after Pham Nhat Vuong

 Trinh Van Quyet, chairman of FLC Group's management board, has become the second dollar billionaire in Viet Nam's stock market, with total assets of over VND22.6 trillion (US$1.01 billion).


Vietnam lose to Japan at AFC U19 Championship

 Vietnam lost 0-3 to Japan in the semifinals of the Asian Football Confederation (AFC) Under-19 Football Championship on October 27 in Bahrain.

Low public awareness blamed for railway traffic accidents

 A large number of level crossings illegally opened by local people along the north-south railway has been identified as one of the main causes for the high number of railway accidents in Vietnam, according to railway management companies.

Vietnam attends peacekeeping conference in France

 The Ministerial Conference on Peacekeeping in the Francophone Area in France took place in Paris, France from 26-27, focusing on ways to improve peacekeeping campaigns in French-speaking countries.

Foreign direct investment in HCM City collapses

 Foreign direct investment (FDI) in Ho Chi Minh City during the first seven months of 2016 has collapsed, decreasing by more than 65% when compared to last year’s same corresponding period, reports the Municipal Statistics Office.

Startups in Vietnam attract cash, but still struggle to succeed

VietNamNet Bridge - Vietnamese startups have attracted big infusions of cash and have great potential, but only a few of them have reaped fruit. 

PM allows Formosa to import own coal

The Prime Minister has allowed Taiwanese firm Hung Nghiep Formosa Co., Ltd. (Fomosa), to import own coal for electricity production at its coal-fired thermal power plant located in Dong Nai’s Nhon Trach 3 industrial park

Viettel subsidiaries win four int'l trophies

 Viettel brand names in Cambodia, Peru and Burundi -- MetFone, Bitel and Lumitel, respectively -- won a combined four awards at the International Business Awards – IBA Stevie Awards 2016.


China's mobile internet firm acquires Big Cat Entertainment

 Viet Nam-based online video startup Big Cat Entertainment Co Ltd has sold a major stake to Asia Innovations Group (AIG), a Chinese mobile internet company developing social and entertainment products.

Tough times ahead for loans

 A senior official of the Ministry of Finance (MoF) says Viet Nam needs to tighten its management of official development assistance (ODA) loans and mobilise private sector capital to ease the burden of public debt.


Da Nang - Champasak route reopens

 The central city of Da Nang plans to relaunch a direct air route to Pakse, in Laos' province of Champasak, in a bid to boost investment, co-operation and tourism in the years to come.

Ly Hoang Nam faces unexpected loss at F8 tennis event

 Ly Hoang Nam suffered a shock defeat in the second round of the Vietnam Men’s Futures F8 tennis tournament’s singles event yesterday in the Binh Duong Province.

US Professor to help Vietnam develop science, technology

 John Savage, An Wang Professor of Computer Science from the US Brown University, has affirmed that he will make effort to support Vietnam to develop science and technology.

Vietnam to host Southeast Asian Shooting Championship 2016

 The Southeast Asian Shooting Association Championship (SEASA) 2016 will kick off from November 1-12 in Hanoi, announced by the Vietnam Shooting Federation at a press conference on October 27. 

Vietnam, Russia seek closer petroleum cooperation

The Vietnamese Government always creates the most favourable conditions for petroleum firms of Vietnam and Russia to step up cooperation, Deputy Prime Minister Trinh Dinh Dung told visiting General Director of Russia’s Zarubezhneft.

Cambodia-Vietnam friendship to be fostered

 President of the National Assembly of Cambodia Samdech Heng Samrin said he is pleased with the progress of bilateral friendship and cooperation as it has brought practical benefits to the two countries.

HCM City, Singapore share experience in smart city building

 Ho Chi Minh City wants to learn from Singapore’s experience in building a smart city, particularly in tackling traffic congestion, managing water resources and preventing flooding, said a municipal leader.

PM urges for stronger Vietnam-Italy justice partnership

 Prime Minister Nguyen Xuan Phuc has urged the Justice Ministries of Vietnam and Italy to further fostering their affiliation, especially in personnel training.