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US$2 billion for One Commune, One Product programme

The Vietnamese Ministry of Agriculture and Rural Development (MARD) launched the One Commune, One Product (OCOP) programme worth nearly 45 trillion VND (about 2 billion USD) on May 17. 

US hospital ship docks in Nha Trang, begins humanitarian programme

The US Navy’s hospital ship USNS Mercy docked in Nha Trang port of Khanh Hoa Province on May 17, beginning its Pacific Partnership Programme 2018 (PP18) from May 17 – June 2. 

Vietnam to host event on rice bran oil

Vietnam will welcome over 200 experts and researchers from around the world to participate in the fifth International Conference on Rice Bran Oil in Hanoi from May 23-25.

Vietnam ratifies Treaty on the Prohibition of Nuclear Weapons

Vietnamese Ambassador Nguyen Phuong Nga deposited with the UN Secretary General Vietnam’s instrument of ratification of the Treaty on the Prohibition of Nuclear Weapons on May 17, becoming the 10th country ratifying the document.

Equity of PPP investors must make up 20% of total investment

 Investors involved in projects under the public-private partnership (PPP) must have equity accounting for at least 20% of total investment capital, according to a recently released decree of the Government.

Economic alliance members in central region fight, don’t unite

VietNamNet Bridge - The link among economic and industrial areas in the Central Region Key Economic Zone remains very weak after 10 years of development. 

Mid-tier smartphone market heats up

VietNamNet Bridge - The smartphone market was boiling in March and April when manufacturers rushed to sell mid-end products and apply attractive sale policies.

Stanford graduate returns to Vietnam to “create new value”

“Of all ways, starting up is the only way which allows you to create new value which never existed before,” said Pham Kim Hung, CEO of Base Inc, called the ‘golden boy’ of Vietnam’s math community.

Medium-sized banks boosting capital to enhance financial strength

 Medium-sized banks are working on massive capital increase plans to boost their financial capacity, striving to reach Basel II standards.

Industry 4.0 innovation poses challenges to Vietnam

On the journey toward the industry 4.0 innovation, Vietnam has met plenty of roadblocks and difficulties. However, one problem seems to be extremely challenging is the lack of high quality workforce. 

Young fencers vie for national titles

 The National Youth Fencing Championship opened on Wednesday in Bac Ninh Province with the participation of more than 100 athletes from seven cities and provinces.

U19 players start training for regional championships

 National U19 players have gathered in Hanoi to train for the ASEAN Football Federation Championship on July 2-14.

Hanoi’s violations in managing big-sized advertising billboards

 Inspectors in the capital city have pointed out a series of violations committed by the municipal Department of Culture and Sports in managing large-sized outdoor advertising billboards.

HR qualities come under the spotlight

 Global co-operation and education are the keys to improving the quality of Viet Nam’s human resources in the digital age, Australian and Vietnamese experts agreed at a panel discussion in Hanoi yesterday.

U.S. auto council bemoans stringent Decree 116

The American Automotive Policy Council has expressed its concern over some points in the Vietnamese Government’s Decree 116/2017/ND-CP on auto trade, saying such policies are more stringent than needed.

Minimum hourly wages in informal sector to be introduced

 There will be minimum hourly wages to protect laborers working in the informal sector, according to the National Wage Council.

Finnish educational model introduced to Vietnamese children

 Viet Motion Technology Advisory and Investment Company Limited has become the sole franchisee of Arkki educational model of Finland in ten South Asian countries including Vietnam to provide children with integration skills.

Trinh Linh Giang fights back to make Vietnam F3 Futures quarterfinals

 Vietnam’s Trinh Linh Giang fought back from a set down to beat the no. 2 seed and world no. 652, Karunuday Singh, in their second-round clash on May 16, to advance into the Vietnam F3 Futures quarterfinals in a convincing fashion.

Parkson Vietnam flounders in seven consecutive quarter losses

 Since closing its fourth shopping mall in Vietnam, the sales of Parkson have reduced sharply.

Vinhomes makes historic stock market debut

 Vinhomes, the real estate arm of Vingroup JSC, listed 2.68 billion shares on the Ho Chi Minh City Stock Exchange on May 16 under the ticker VHM. The company expects to garner attention from foreign investors.