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ASIAD 2018: Vietnam’s golden hopes fail on August 21

 Vietnam stood at the 17th place in the medal standings of the 18th Asian Games (ASIAD 2018) on August 21 with another two silver medals and one bronze medal but some of its golden hopes suffered failure during the day.

Aviation infrastructure promises attractive profits for investors

VietNamNet Bridge - Both state-owned and private businesses are eyeing aviation infrastructure projects, which are believed to bring high profits thanks to increasingly high travel demand.

Automatic garbage collecting machine invented by fifth grader

An automatic garbage collector invented by Nguyen Quang Dieu, a fifth grader at the Vung Tau Bilingual Primary School, was displayed at the IYRC VIETNAM.

VN Steel Association insists on importing scrap steel, raising concerns about environment risks

VietNamNet Bridge - Experts have warned about scrap imports heading for Vietnam as China has stopped importing some types of scrap. 


Vietnam drops to 16th place on ASIAD second competing day

 Vietnam got two more medals on the second day of ASIAD 2018 in Indonesia, raising the country’s total medals to four but it still dropped to the 16th place in the medal tally as of 22:00 on August 20. 

Vietnam officially wins rights to broadcast ASIAD 2018

 The Vietnam Television Corporation (VTC), a subordinate unit of the Radio Voice of Vietnam (VOV), on August 21 announced that it has earned the right to broadcast all sporting events within the Asian Games (ASIAD) 2018.

Three major airlines still want to raise airfares, despite big profits

VietNamNet Bridge - All three airlines, Vietnam Airlines, Vietjet Air and Jetstar Pacific, have asked for permission to raise airfares, citing fuel price increases.

Remittances to Vietnam expand despite rise in USD price

Remittances to Vietnam have increased despite the rise in USD price against other currencies and the zero interest rate for foreign currency savings, factors experts said would impact remittance flow.

Local paper firms face losing out to foreign businesses

 A capital shortage for local paper manufacturers could make them lose out to foreign direct investment (FDI) enterprises in their own country, according to experts.

Trade surplus jumps to $2.85 billion as exports surge

 A surge in exports pushed Vietnam’s trade surplus to 2.85 billion USD in the first seven months of this year, reported the General Department of Vietnam Customs.

ASIAD 2018: shooter Hoang Xuan Vinh fails in forte category

 Vietnamese marksman Hoang Xuan Vinh has been knocked out of the 10m air pistol event at the ongoing Asian Games (ASIAD) 2018  in Indonesia on August 21.

No loopholes for condotels: HoREA

 The HCMC Real Estate Association (HoREA) has written to the Ministry of Natural Resources and Environment and the Ministry of Construction dismissing as baseless the concern of investors over legal loopholes in the condotel segment.

Power sector in dilemma

 The obsession of periodical power blackouts during the dry season seems to have been fallen into oblivion. 

Finance companies finding it difficult to attract foreign capital

VietNamNet Bridge - Experts say the legal framework for consumer financing is still not open enough, creating difficulties in attracting foreign capital.

Vietnam needs a public transaction floor for bad debts

 Nguyen Tri Hieu, a banking expert, tells Hai Quan (Customs) newspaper that the Government should appoint an agency to develop an official transaction floor for buying and selling debt.

Fine-tuning bottlenecks to lure more M&A in Vietnam's real estate

 Vietnam’s merger and acquisition (M&A) has been attractive to foreign investors in recent years, but there remain obstacles hindering the M&A market to further grow, experts said.

New prospects for cement in waste-to-fuel

 With Vietnam’s growing industrialisation which is producing more and more waste, collecting and recycling this waste as alternative fuel for cement plants is a new and practical way to save energy and protect the environment.

New signs from Vietnam’s e-book market

With 55 million internet and smartphone users, ebooks are becoming more common in Vietnam’s publishing industry. 

Vietnam’s aviation sector eyes flights to US

 Vietnam’s aviation sector is set to undergo the international aviation safety assessment program of the US Federal Aviation Administration (FAA) this week to be eligible to launch direct flights to the country.

Network operators ready to convert 11-digit simcards

Mobile network operators have geared up with their experiments to implement the conversion of 11-digit mobile phone numbers to 10-digit numbers in August instead of September as initially planned.