HCM City’s Department of Industry and Trade has submitted a proposal to the city’s People’s Committee on opening a chemical trade centre.

 Viet Nam is expected to witness one of the largest growths in mobile broadband subscriptions in Southeast Asia together with Myanmar, Indonesia, Bangladesh and the Philippines, by 2021.

VietNamNet Bridge - The idea of setting up a stock market specifically for startups was first raised at a workshop held in HCM City last week which discussed solutions for startups to seek capital.

 Russia’s Rosneft petroleum group will supply up to 96 million tonnes of oil to the PetroVietnam Oil Corporation (PV Oil) from 2016 to 2040.

 The body of the missing pilot on board of fighter jet SU30-MK2 that went down during a training session was found on June 17 and brought ashore on June 18.

The Ministry of Education and Training is preparing to submit a long-awaited decree on university autonomy to the government in an attempt to assist the country’s universities, especially in terms of finance.

 Spending needs to be reined in given that State budget deficit is a problem, according to VEPR.

 More than 67 million eligible Vietnamese voters across the country elected 496 deputies to the 14th National Assembly on May 22. Hereafter is the major structure of the new National Assembly in the 2016-2021 tenure.

World Bank report shows that at least 5.6 million people in five surveyed provinces lack permanent residency.

On June 15, the National Assembly Standing Committee listened to Minister of Finance Dinh Tien Dung’s report on the implementation of the Law on Thrift Practice and Waste Combat in 2015, which pointed out waste in using the state budget.

Vietnam and the US are increasing co-operation in all aspects, especially in trade and investment, and will foster this co-operation with or without the Trans-Pacific Partnership agreement.

VietNamNet Bridge - Three more commercial banks, namely OCB, Vietcombank and Bac A Bank, have announced they will set up subsidiaries specializing in providing kieu hoi (overseas remittance) services. 

Can Tho has been chosen as one of the 100 Resilient Cities (100 RC), a program of the Rockefeller Foundation, said Ho Thi Thanh Bach, deputy director of the Mekong Delta city’s Department of Foreign Affairs.

The Vietnam National Posts and Telecommunications Group (VNPT) targets revenue of VND19.5 trillion ($877.5 million) in the 2016-2020 period.

VietNamNet Bridge - There are 40 state financial funds established to support Vietnamese enterprises to develop its production. However, most private businesses say they cannot receive any support from the state. 

 National Assembly Chairwoman Nguyen Thi Kim Ngan on June 17 held separate meetings with newly-accredited ambassadors of the EU, the UK and Germany.

ADB President Takehiko Nakao has vowed that his bank will continue to give strong support to Vietnam through loans of about $1 billion each year, as soon as it builds a new Country Partnership Strategy for Vietnam in the 2016-2020 period.

 Vietnam and Laos need to promote the efficiency of the Intergovernmental Committee on Bilateral Cooperation while enhancing collaboration to facilitate Vietnamese enterprises’ operations in Laos.

 Vietnam’s new National Assembly (NA) is expected to hold its first session on July 20, with the major focus being on electing a new leadership for the legislative body, the State, and the government.

 Working on regulations to oversee the competitive power wholesale market are to be completed by June 2017.