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Van Don changes rapidly, ready for Special Economic Zone

VietNamNet Bridge - Van Don, a peninsula with total area of 551 square kilometers, has changed its look rapidly since it became one of three ‘candidates’ chosen to try the special economic zone (SEZ) model in Vietnam.

Only 15% of workers in informal sector provided with skills training

 The proportion of trained workers in informal employment is only 14.8%, much lower than the national average of 20.6%; while the proportion of trained workers in the formal sector is about 3.7 times higher, equivalent to 55.4%.

Hanoi authorities save huge amounts after project reviews

 A Hanoi railway project's cost has fallen by VND5.8trn (USD256m) after a review proved that estimates for many projects weren’t accurate.

Son Tra Peninsula real estate transactions halted

 Authorities in Danang City have temporarily stopped real estate transactions on Son Tra Peninsula pending a comprehensive inspection.

Granddaughter murdered following advice from fortune-teller

 Police in the northern province of Thanh Hoa have just detained a woman for killing her 23-day-old granddaughter following her acting on advice from a fortune-teller.

Direct air route to US would be unprofitable

 Despite talks of a direct route to the US for years, there remain concerns about a how profitable it would actually be.

VN top legislator active in Australia

Chairwoman of the National Assembly of Vietnam Nguyen Thi Kim Ngan arrived in Canberra on November 29, starting her official visit to Australia.

Mai Linh Group reveals draft merger plan

 Taxi operator Mai Linh Group has revealed a draft merger plan for its two subsidiaries, Mai Linh Central Joint Stock Company and Mai Linh Northern Joint Stock Company, in an effort to streamline its cumbersome operation.

Online Friday 2017 expects $220 million turnover

 Online Friday 2017, which is this Friday, is expected to achieve sales of VND1.5 trillion (US$220 million), event organiser Viet Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade said.

Vinaconex share price set at $1.12

 The State Capital Investment Corporation has set the minimum bidding price for the competitive share offering of Viet Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) at US$1.12 per share.

Foreign firms dominate VN electronics

 Although Viet Nam is the world’s 12th-largest exporter of electronics and the third-largest in ASEAN since 2015, up to 95 per cent of the country’s electronics output comes from foreign-owned enterprises instead of domestic ones.

Non-profit groups call for clearer tax guidance

The VN Union of Science and Technology Association has called for clearer tax guidance and policies for non-State science and technology organisations.

VN Index struggles to extend growth

 Shares closed November 28 on a positive note on the Ho Chi Minh Stock Exchange, however, market trading condition was poor on increased investors’ profit-taking.

Timber exports to hit $8 billion

 The export turnover of Vietnamese timber and timber products is estimated to hit 8 billion USD this year, 10 percent higher than the target, the Ministry of Agriculture and Rural Development reported.

Minister of Public Security visits Cuba

 Vietnam always respectfully and sincerely thanks the Communist Party, State and people of Cuba for their solidarity and support for Vietnam’s struggle for liberation, national unity and reunification, as well as current construction and defence.

Work still to be done on EU trade deal: experts

 The EU-Vietnam Free Trade Agreement (EVFTA), set to be signed next year, will benefit both sides, a workshop heard in Ho Chi Minh City on November 28.

Int’l law essential to peace, stability in East Sea: conference

 International law holds an important role in maintaining peace and stability in the East Sea, heard the ninth East Sea International Conference which ended in Ho Chi Minh City on November 28.

Vietnam, Algeria tighten bilateral relations

 Algerian Prime Minister Admed Ouyahia on November 28 met with Minister of Construction Pham Hong Ha who is leading a delegation to Algeria for the 11th meeting of the Vietnam-Algeria Inter-Governmental Committee from November 27-29.

Banks sprint to list shares on bourse

VietNamNet Bridge - Vietnamese commercial banks are very busy these days with plans to launch IPOs, call for capital, seek strategic partners, and list shares on the bourse.

Ambassador presented with Grand Cross Order of Merit of Chile

 Acting Minister of External Relations of Chile Edgardo Riveros has presented Grand Cross Order of Merit to Vietnamese Ambassador to Chile Ngo Duc Thang in honour of his contributions to bilateral ties.