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Da Nang seeks more gambling tables for Silver Shores

The Da Nang People’s Committee proposed to Deputy Prime Minister Pham Binh Minh at a meeting in late July that an additional 80-100 gambling tables be allowed at the Silver Shores International Resort.

PM approves US$107 million for secondary education development

The prime minister has approved investment for phase 2 of the secondary education development programme, aimed at enhancing conditions for ensuring the quality of secondary education.

Vingroup 1H profit at 98% of 2016 target

 Vietnam’s largest property developer, Vingroup, recorded impressive financial results in the first half of the year and plans to issue shares to existing shareholders.

Vietnam Brewery becomes Heineken Vietnam Brewery

VietNamNet Bridge – The Vietnam Beer Limited (VBL) has announced its new name as Heineken Vietnam Beer Ltd., with 40 percent of capital held by Saigon Trade Corporation (Satra) and 60% by Heineken Asia Pacific.

Hanoi: Two new roads named after Paracel, Spratly archipelagos

 The 15th Hanoi municipal People’s Council at its second plenary session on August 3 passed a resolution on naming and adjusting the length of a number of roads, streets and public buildings in the capital city.

Vinamilk to raise capital to $650m

 Viet Nam Dairy Products Joint Stock Company (Vinamilk) has announced its final list of shareholders for the next issuance of nearly 242 million shares to raise equity.

Wholly foreign-owned Woori Bank to open in VN

The State Bank of Viet Nam (SBV) on Tuesday approved in principle South Korean Woori Bank's plan to set up a wholly foreign owned bank in Viet Nam.

Vietnamese consumer confidence among top 10 optimistic countries

 Vietnamese consumer confidence continues staying high, despite a slight drop in Q2 this year, with an index score of 107, two point lower than the previous quarter.

HCM City: nearly $6 billion for Sai Gon Peninsula project

 The Van Thinh Phat Investment Group (VTP Group) on August 3 signed an investment cooperation agreement with Malaysian investors Pavilion Group and Genting Group to develop a park and housing complex in Ho Chi Minh City.

HCM City eyes $9,800 per capita income by 2020

 Ho Chi Minh City’s leaders and newly-elected lawmakers began a three-day session of the People’s Council on August 3 to discuss socio-economic targets amid many complaints about extended flooding, traffic jams and pollution.

Banks' bad debts remain below Government's 3 percent target

 Non-performing loans (NPLs) as of the end of May accounted for 2.78 percent of the entire banking system’s total outstanding loans.

Health ministry on alert after third Zika infection confirmed

 The Ministry of Health has taken stronger preventive measures against the Zika virus across the country, particularly in central Phu Yen province where a local man recently tested positive for the virus.

ASEAN economic ministers mull multiple issues

 Economic ministers and deputy ministers from the Association of Southeast Asian Nations (ASEAN) mulled several important matters during the 48th ASEAN Economic Ministers’ Meeting that began in Vientiane, Laos on August 3.

Ha Giang, Chinese locality look to boost ties

 Leaders of northern mountainous province of Ha Giang and the Wenshan Zhuang and Miao Autonomous Prefecture of China’s Yunnan province have agreed to promote exchange and multifaceted links in a practical and effective manner in the time ahead.

Former FPT CEO finds new opportunities in US

VietNamNet Bridge - Two years after leaving FPT, Truong Dinh Anh, its former CEO, moved to live and work in the US.

130 pine trees over 700 years old face death

VietNamNet Bridge - Yen Tu mountain in Quang Ninh province is the home to 230 xich tung (red pine) treeshundreds of years old but half of them are nearly dead due to severe disease. Local authorities are looking for measures to save the rare trees.

Vietnamese banks warned they will have to compete with Uber, Apple

VnExpress, an online newspaper, has opened an online shop to sell iPhones, while The Gioi Di Dong, a mobile phone distribution chain, has decided to sell vegetable and meat. 

National Assembly deputy urges strict protection of Central Highland forests

VietNamNet Bridge - Thousands of hectares of forests in Dak Lak province have been cut down to make room for hydropower plants, threatening the survival of forests in the Central Highlands. 

Dictionaries with errors should be eliminated

More and more errors have been found in newly published dictionaries. Local newspapers said that the market is flooded with ‘rubbish dictionaries’, and analysts have warned that these dictionaries will spoil the Vietnamese language.

PM stresses closure of Formosa if enviromental incident recurs

 Prime Minister Nguuyen Xuan Phuc reiterated the Government's determination to strictly punish environmental violations at an August 3 meeting with voters from the northern port city of Hai Phong.