VietNamNet Bridge - The Vietnam shipbuilding industry has been developing in 10-year cycles with pinnacles in 1987, 1997, 2007 and 2017. As the highest peak of the latest cycle is over, an oversupply may occur in 2018.

 The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts.

 The Government hopes to attract 135,000 new firms in 2018. Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), said this was achievable, but would require quick reforms.

  People are preferring confectionery products from Vietnamese manufacturers than foreign products in preparing for the coming Tet (Lunar New Year) holiday.

 Viet Nam’s U16 and U19 football teams will soon train in Japan to prepare for the finals of Asian Football Confederation (AFC) Championships this year, according to the Viet Nam Football Federation (VFF).

 Young cyclist Nguyen Thi Thu Mai won a bronze medal at the Asian Road and Para Cycling Championship which concluded in Myanmar yesterday.

 Viet Nam’s Saigon Heat defeated Westports Malaysia Dragons 114-81 at the ASEAN Basketball League held at the MABA Stadium in Kuala Lumpur on Sunday.

The capital city of Hanoi is adorning its streets in the lead-up to the Tet (Lunar New Year) holiday and celebrations.

 For the last 14 years, Le Thi Quyen from Ha Tinh Province did not return to her hometown for Tet holiday because she did not have enough money to travel. 

As Tet (Lunar New Year) 2018 is coming to town, people are rushing around getting ready for the year’s largest traditional holiday.

 The Communist Party of Vietnam Central Committee’s Commission for Information and Education will work with relevant ministries and agencies to remove difficulties and provide the best possible support for Quang Trung Software City.

 National flag carrier Vietnam Airlines and low-cost Jetstar Pacific scheduled seven extra flights between Hanoi and Ho Chi Minh City to meet high travel demand before Tet, the traditional New Year of Vietnam.

 Storms and tropical depressions are expected to arrive in the East Sea early in 2018, with a high chance of a storm forming in the south of the East Sea in mid February.

 Vietnam becomes an attractive destination for Japanese investors as the country’s investment climate has been improved in recent years, said an economist from Waseda University, Japan. 

 Overseas remittances will continue adding a vital impetus to the economy, including the property sector in 2018, according to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association.

 Deputy Foreign Minister Le Hoai Trung presented Friendship Order, a noble distinction of the Vietnamese State, to Chinese Ambassador to Vietnam Hong Xiaoyong in Hanoi on February 12.

 Vietnamese shares posted a strong comeback on February 12 after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.

Vietnamese expats worldwide are celebrating the traditional Lunar New Year (Tet) festival with art performance, Vietnamese traditional food and practice.

The National Financial Supervisory Commission (NFSC) forecast Vietnam’s credit to grow 17- 18 percent in 2018, similar to the growth last year.

Ky Da pomelo which are larger and weightier than normal ones, have gone on sale in many streets in Hanoi at prices ranging from VND400,000-VND600,000 each.