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Vietnam expects $30 billion FDI by year-end

 In the ten months of this year so far, Vietnam reported record high foreign investment inflows, with $28 billion coming in, primarily from APEC economies. The figure is expected to increase to $30 billion by the end of the year.

Offices and schools to be closed for APEC Summit

 Offices and schools in the centre of Danang City will close during November 10 and 11 for the APEC Summit.

Cargo aircraft arrive in Hanoi for Trump’s visit

 Two US cargo aircraft arrived at Noi Bai International Airport in Hanoi on October 30, transporting goods and equipment for US President Trump’s visit to Vietnam.

Local telecom market saturated

 Viet Nam’s telecommunications market has reached a saturation point and will find it hard to attract new subscribers. This could result in increasingly fierce competition among telecom providers for their revenue and market share.

SCIC under divestment pressure in Q4

 The State Capital Investment Corporation (SCIC) is under pressure to complete its divestment scheme towards the end of this year with many large companies still in its portfolio.

SOEs struggle to attract investors in equitisation

The Central Institute for Economic Management eleased a report on Monday on the actuality of strategic shareholders’ involvement in State-owned enterprises’ equitisation process, which they concluded to be below expectations.

Trade surplus of $1.23 billion in 10 months

Viet Nam witnessed a trade surplus of $1.23 billion so far this year, according to a report from the General Department of Customs. 

Firms sprouting up nationwide

 Over 105,000 new enterprises were set up nationwide in the first 10 months of this year, a year-on-year increase of 14.6 per cent.

MoNRE looks to cut business conditions

The Ministry of Natural Resources and Environment (MoNRE) has proposed the Government to shift one conditional business line, eliminate 36 business investment conditions and amend 15 conditions required for individuals in enterprises.

Cashew industry faces volatile weather, pests

The cashew industry has achieved impressive growth in the past years with increasing exports, but unfavourable weather due to the impact of climate change and an increase of diseases and pests threaten its continued development.

Smugglers take to the waterways

 Cross-border smugglers are transporting goods from Cambodia to the Mekong Delta provinces by using boats during floods.

VN stocks rise further on energy

 Shares ended on a positive note for a second day on the HCM Stock Exchange on October 30 as energy firms and some construction companies continued to perform well.

More solar energy projects registered after PM decision

VietNamNet Bridge - Investors have registered solar energy projects in a rush following PM’s Decision No 11 on encouraging investments in solar energy.

Public debt rising rapidly as number of civil servants remains high

VietNamNet Bridge - To curb the public debt, Vietnam needs to cut public spending, including the downsizing of civil servant staff.

Female physicist returns from Germany to work at institute

After five years of working at a German research center, Nguyen Thi Minh Hoa who has a PhD has returned to Vietnam to work for the Advanced Institute for Science & Technology, an arm of the prestigious Hanoi University of Science & Technology.

Binh Thuan titanium exploitation projects pose threat to environment

Binh Thuan provincial authorities have been wavering between choosing titanium mining, which brings high profits but seriously damages the environment, and ecotourism projects, which ensure sustainable growth but need a green environment.

Climate change exposes HCMC to extreme weather

 Extreme weather, especially abnormally heavy rain, has been increasingly frequent in HCMC this year as a result of climate change, according to the HCMC Steering Center of the Urban Flood Control Program (SCFC).

Lacking control

The development of condotels around Vietnam has occurred absent a dedicated legal framework.

FPT University intends to accept bitcoin despite SBV’s ban

 FPT University has hinted at a plan to allow students to pay tuition fees by bitcoin although this virtual currency has not been recognized as legal in Vietnam.

Telcos complain about unreasonable telecom charges

 Enterprises providing telecommunications services and network infrastructure have complained about unreasonable financial obligations.