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IMF notes Vietnam's solid growth

Vietnam’s 2016 growth will be moderate, at around 6 per cent, reflecting the adverse agriculture shock, lower external demand and spillovers of tighter global financial conditions.

Vietnamese enterprises have positive outlook for 2H

The number of enterprises increasing their capital or returning to operations both increased in the first half of the year, according to the figures from the Agency for Business Registration at the Ministry of Planning and Investment.

Formosa to pay US$500mil. compensation for environmental disaster in central Vietnam

Formosa has accepted its responsibility for an environmental disaster in the central Vietnam, which caused mass fish deaths in four provinces in April, and committed to pay $500 million of compensation.

Vietjet, RoK’s tourism agency sign cooperation deal

 Vietjet Air and the Incheon Tourism Organisation (ITO) of the Republic of Korea (RoK) on June 30 signed an agreement to promote strategic cooperation in developing products and services, to facilitate travel between the two countries.

Vietnam Airlines may reschedule flights due to bad weather

 The flag carrier Vietnam Airlines may have to reschedule its flights from/to three airports in the Central Highlands next month due to bad weather.

National Assembly officially postpones implementation of new Penal Code

VietNamNet Bridge – The National Assembly yesterday agreed to postpone implementation of the newly amended Penal Code until all errors are fixed. 

Motorcycle ban in Hanoi is a must, official says

 VietNamNet Bridge - Hanoi currently has more than 5 million motorcycles and the figure will reach 11 million by 2025. The city has planned to ban private vehicles in 2025.

70kg crocodile caught in Hanoi

 VietNamNet Bridge - While catching fish in Van Tri lagoon in Dong Anh District, Hanoi, a local resident caught a crocodile of about 70kg.

Companies should take advantage of Vietnamese’s growing tendency to shop on mobile

  Mobile e-commerce (m-commerce) is set to boom in Vietnam in the upcoming years and companies need to forge plans to cash in on the growing popularity of this retail channel.

Thai group postpones $20 billion Victory Nhon Hoi refinery project

 Thailand's largest energy company PTT Public Company Limited has postponed plans to build the $20 billion Victory Nhon Hoi refinery and petrochemical complex in Binh Dinh, due to the uncertainty of the global oil market.

Chu Lai Soda pollution enrages local residents

  Local residents are protesting Chu Lai Soda Processing Joint Stock Company’s relapse into discharging untreated wastewater into the river, in spite of the local authorities’ ban.

Service fees at Vietnam's airports may rise

  Airport Corporation of Vietnam has just requested permission from the Ministry of Transport to raise service fees at domestic airports.

Australia’s cattle export suspension impacts Vietnamese firms

 Australia has suspended the export of cattle to Vietnam as a Vietnamese company violated the Exporter Supply Chain Assurance System (ESCAS), affecting local livestock farming as well as the prestige of Vietnam in general.

Vietnam condemns Istanbul terror attack

 Vietnam vehemently condemns a suicide bombing and gun attack at Istanbul’s Ataturk airport on June 28, Spokesperson for the Foreign Ministry Le Hai Binh said on June 30.

Environment agency to inspect Lee & Man paper project

 The General Department of Environment looks set to inspect the paper mill of Lee&Man Vietnam Paper Co Ltd in the Mekong Delta province of Hau Giang from July 1.

Chairs of HCMC People’s Council, Committee for new term named

 Deputies of the HCMC People’s Council on June 28 elected Nguyen Thi Quyet Tam chairwoman of the council and Nguyen Thanh Phong chairman of the HCMC People’s Committee for the 2016-2021 term.

Hague arbitration court to rule in East Sea case on July 12

 An arbitration court hearing the dispute between China and the Philippines over the East Sea will deliver its decision on July 12, it said in a statement on June 29.

Over 887, 300 candidates nationwide take high school exit examination

 887, 396 candidates nationwide conduct procedures to prepare for the 2016 National High School Examination.

WB okayed US$95 mil for program to train Vietnamese teachers

 Vietnam’s education reform efforts got a boost today with a World Bank-funded Enhancing Teacher Education Program, which supports the delivery of continuous professional development to teachers and principals.

Mekong Capital to divest from PNJ

 The Vietnam Azalea Fund (VAF), managed by Mekong Capital, will divest nearly half of its stake in the Ho Chi Minh City-headquartered Phu Nhuan Jewelry Joint Stock Company (PNJ) via negotiations, the fund manager announced on June 29.