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Premium product market to take off in Vietnam

 Mollis organic towels of Phong Phu Corporation have received “very good response” in the market after being launched last year, a sign that premium products are becoming more popular in Vietnam.

Dong Thap chooses six craft villages for preservation

 The Mekong Delta province of Dong Thap has chosen six craft villages for preservation to develop tourism.

Vietnamese girl’s murderer gets life term

 A Japanese court on July 6 sentenced Yasumasa Shibuya to life in prison over the 2017 murder of a 9-year-old Vietnamese girl in Chiba prefecture, according to the Kyodo news agency. 

ADB helps Vietnam develop green, resilient cities

 The Asian Development Bank (ADB) and the provincial People’s Committees of Ha Giang, Vinh Phuc and Thua Thien-Hue on July 6 signed project agreements totaling 223.87 million USD for the Secondary Green Cities Development Project. 

Nearly one-tenth of all agricultural firms set up in past six months

 As many as 885 agricultural enterprises were established in the first six months of 2018, raising total firms in this sector to 8,667, reported the Ministry of Agriculture and Rural Development (MARD).

Vietnam, Finland sum up innovation partnership project

 The IPP Grand Harvest Day took place in Hanoi on July 6, concluding the four-year implementation of the Vietnam-Finland Innovation Partnership Programme (IPP) Phase 2.

VN cashew sector calls for $800 million credit package

  The Vietnamese cashew sector is calling for an 800 million USD credit package from commercial banks to better serve its exports, as heard at a seminar held in Ho Chi Minh City on July 6. 

Bamboo Airways: the adventurous flight of billionaire Trinh Van Quyet

VietNamNet Bridge - Both Vietnamese and international analysts say that establishing a new air carrier was an audacious but risky step taken by the dollar billionaire Trinh Van Quyet.  

BUSINESS IN BRIEF 7/7

HCM City posts GRDP growth of 7.76 percent in year’s first half, Vietnam’s export of aquatic products grows strongly in year’s first half, Vietnamese rice exports to Malaysia soar over last five months

Dong Thap youngster works to promote Vietnamese lotuses to the world

 After finishing his bio-chemistry master's program in France, Ngo Chi Cong decided to start his own business with lotus, the iconic flower of his hometown in Dong Thap province.

Vietnam’s beer market changing rapidly

With 4 billion liters of beer consumed every year, Vietnam’s market is a promising one for investors. However, many of them have faced problems.

Vietnamese dong to depreciate by 3% at most in 2018: BVSC

The Vietnamese dong will not depreciate much against the US dollar in the second half of this year, so the whole year’s slide will be 3 per cent at the most, BVSC has forecast.

Hanoi increases tuition fees at public schools

The Hanoi People’s Council on Thursday approved a resolution to raise tuition fees at public schools for the 2018-19 academic year.

US Secretary of State to make first visit to Vietnam

US Secretary of State Mike Pompeo will visit Vietnam on July 8-9 to boost the comprehensive partnership between the two countries.

Vietnamese girl’s murder gets life term

A Japanese court on July 6 sentenced Yasumasa Shibuya to life in prison over the 2017 murder of a 9-year-old Vietnamese girl in Chiba prefecture, according to the Kyodo news agency. 

HCM City waterway tourism needs more funds

River-based tourism products in HCM City have fallen short of expectations due to a lack of investment in infrastructure, experts have said.

Sustainable development faces difficulties

Ousmane Dione, director of the World Bank for Vietnam said the country's sustainable development was being challenged by slower trade development, a poorly-skilled workforce, climate change and ageing population.

Vietnam, Chile legislative bodies expected to further boost ties

Deputy Prime Minister Vuong Dinh Hue has said Vietnam and Chile’s legislative bodies should enhance exchanges and experience sharing in law-building.

Large banks rush to divest shares to clear cross-ownership status

VietNamNet Bridge - Under the State Bank’s Circular No 06, a commercial bank can hold less than 5 percent of shares of another credit institution.

Trang Tien ice cream, a Hanoian specialty

Arriving in Hanoi in the hot summer, a lot of Hanoians will recommend you go straight to Trang Tien street to get an ice cream. The popular ice cream has become a specialty the city after more than 60 years of sales.