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Vietnam targets more golds at Asian Games 2018

 Vietnam will strive to win 4-5 gold medals at the Asian Games (ASIAD 2018) to be held in Indonesia from August 18 to September 2.

Australian cow imports drop dramatically

VietNamNet Bridge - Importing Australian cows to fatten and slaughter domestically was once a profitable business, but has changed dramatically in recent years.

Apple’s iPhone X popular in VN, but Samsung’s models are bestsellers

VietNamNet Bridge - Seven out of 10 bestselling smartphones in 2017 in Vietnam were from Samsung and Oppo, while Apple’s iPhone X and Samsung’s Galaxy Note 8 were the most in demand.

Ornamental hanging flowers and plants draw Tet customers

Colourful flower pots available at reasonable prices are sought after by many customers looking to decorate their houses for the Lunar New Year festival (Tet).

Vietnam schools not among top Asian universities

Times Higher Education (THE) has released the ranking of the leading universities in Asia, which includes 350 schools from 25 countries and territories. Vietnam was not on the list. 

Cat Bi International Airport eyes expansion by private capital

 The People’s Committee of Hai Phong City has proposed to build the second passenger terminal at Cat Bi International Airport by using public private partnership (PPP) funds in combination with other forms of investment.

PM orders support for workers abandoned by South Korean employer

 Prime Minister Nguyen Xuan Phuc issued a statement on February 11 ordering authorities in southern Dong Nai province to support workers abandoned by their South Korean employer just before the Tet holiday.

Thai company pours $1.76 billion into Vietnamese wind power projects

 Thailand’s largest solar energy company, Superblock Pcl., plans to invest $1.76 billion to install 700 megawatts (MW) of wind farms in Vietnam.

BUSINESS IN BRIEF 12/2

Contest for rural youth start-ups launched, Car sales in January go contrary to usual market situation, Fruit, veggie exports estimated at 321 million USD in January, Insurance books should not be used as collateral

Seven investors registered to buy all Vinasugar II shares at auction

 The Ministry of Agriculture and Rural Development (MARD) estimates to earn VND664 billion ($29.25 million) after the auction of Vietnam Sugarcane and Sugar Corporation II JSC (Vinasugar II).

Cooperation in East Sea fisheries management, environmental protection

A Blueprint for Fisheries Management and Environmental Cooperation in the East Sea was introduced by the US’s Center for Strategic and International Studies last year.

Securities trading floors lit red, billionaires lose trillions of dong

VietNamNet Bridge - The continued downward trend of the stock index has caused losses of trillions of dong to Vietnamese billionaires.

VN shares predicted to trade marginally before Tet holiday

 Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.

Gold prices rise significantly before Tet

 The gold prices of two Vietnamese gold bars on Monday saw significant increases of from VND70,000 (US$3.07) to VND110,000 per tael, in line with the global trend.

Mau Son cable car project cancelled due to investor problems

 Authorities of Lang Son have withdrawn the investment license of a project to build a cable car to Mau Son Mountain due to some problems related to its investors.

Gov’t to allow food importers to self declare

The Government has said it is determined to assist food and beverage importers and producers by reducing inspection times, costs and criteria, opting for businesses to make self declarations instead of being constantly watchdogged by officials.

Textile exports to China growing

 Though Viet Nam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Viet Nam National Textile and Garment Group.

Storm Sanba heading towards Vietnam

 Tropical storm Sanba formed late Sunday is expected to reach the Philippines on Tuesday and enter East Sea during Tet (Vietnamese Lunar New Year) holiday.

2018 promising for foreign property investors

Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players.

Tet keeps post office, delivery firms busy

 Delivery services, especially express delivery, are working hard in HCM City to meet the surge in demand for delivering goods in the run-up to Tet (Lunar New Year).