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Full foreign ownership okayed for first pharma firm

 Domesco Medical Import Export Joint Stock Corporation has become the first pharmaceutical firm allowed to raise the foreign ownership cap to 100% after it got approval from the State Securities Commission of Vietnam. 

U.S. investor to build hi-tech hospital

U.S.-based Quantus Corporation on Tuesday signed a memorandum of understanding with the Saigon Hi-Tech Park (SHTP) to develop a state-of-the-art hospital here using advanced medical technologies.

Formosa requested to build waste treatment ponds

 Minister of Natural Resources and Environment Tran Hong Ha has requested Formosa Ha Tinh to build ponds for waste treatment in its site and only when fish in these ponds can live will the firm be allowed to discharge waste into the sea. 

Hanoi to repave inner-city streets

 Streets in 12 inner-city districts of Hanoi will be paved with flagstones which have a lifespan of up to 50 to 70 years, instead of current cement bricks.

Vietnam health inspectors to check Suntory Pepsico Vietnam products

 Chief inspector at the Ministry of Health Dang Van Chinh today announced its plan to send inspectors to Suntory Pepsico Vietnam for a thorough check of firm’s products.

Tourism Development Assistance Fund approved

 Prime Minister Nguyen Xuan Phuc approved the creation of the Tourism Development Assistance Fund at the National Meeting for Tourism Development.

Dung Quat refinery operator’s IPO expected by end of 2017

 Binh Son Refining and Petrochemical Co., Ltd. (BSR), wholly-owned by Vietnamese state-run oil and gas group PetroVietnam, has released plans to launch its initial public offering (IPO) at the end of 2017.


Visa fee hike could cause drop in number of US tourists

VietNamNet Bridge - Travel firms that target the US market are concerned about changes in visa fees applied to travelers from the US. 

Japanese IT investors eye on Da Nang

 The central city's Investment Promotion Centre has inked an Information Technology (IT) investment agreement between the Self Wing Viet Nam Company and the Saitama Business New Forum from Japan.

Vietnam’s illiteracy eradication efforts come to fruition

 Strides have been made in Vietnam to eradicate illiteracy over the last seventy years, and efforts to promote literacy continue today. 

President lauds truck driver for bravery

 President Tran Dai Quang on September 8 sent his letter of congratulation to truck driver Phan Van Bac for his bravery to save the lives of 30 passengers.

Northern region to expand winter crop area to 430,000 hectares

Northern localities plan to expand their combined farming area to 430,000 hectares in the upcoming winter crop, 20,000 hectares larger than the 2015 winter crop, aiming to earn up to $113 million.

National flag carrier wins best airlines awards

  The national flag carrier Vietnam Airlines has been granted with the Best Airlines of The Year award at the ongoing International Travel Expo in Ho Chi Minh City. 

Vietnamese-created Drone Race app raises thousands on Indiegogo

VietNamNet Bridge - After one week of raising funds, Drone Race, the game designed by a team of young Vietnamese, received 300 orders and $43,750 from donors at Indiegogo, the largest global site for fundraisers.

August auctions raise $127 million on two exchanges

 Eight auctions were organised on the two national stock exchanges in August, bringing in a total of 2.83 trillion VND (127 million USD) for issuers. 

One barrier removed, another imposed on car importers

VietNamNet Bridge - The Ministry of Transport (MOT) is compiling a legal document which will replace the controversial Circular 20, which bars small automobile importers from entering the market.

Vietnam wins first-ever Paralympic gold, breaks world record

 Power-lifter Le Van Cong has won the first-ever gold medal at a Paralympics for Vietnam and set a new world record of 183kg in the men’s 49kg category. 

NA backs exchanges of Vietnamese, Japanese legislators

 National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan met with Toshihiro Nikai, Secretary General of Japan’s Liberal Democratic Party (LDP) and other Japanese legislators in Hanoi on September 8. 

Vietnam-China relations continue positive development

 The upcoming official visit to China by Prime Minister Nguyen Xuan Phuc is expected to maintain the positive development trend in the bilateral relations.

28th, 29th ASEAN Summits wrap up

 Leaders of ASEAN countries and the bloc’s partners participated in the closing ceremony of the 28th and 29th ASEAN Summits and related meetings in Vientiane on September 8 afternoon.