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Central provinces estimate damages after storm Doksuri

 The central province of Ha Tinh September 19 reported the damages of deadly storm Doksuri with the estimates of VND6 trillion ($264 million), the 10th storm arising in the East Sea this year, made landfall on the province.

Vietnam among countries with high number of FTAs: expert

Vietnam has joined or completed negotiations for 11 free trade agreements (FTAs), bilateral and multilateral, not including the TPP, according to former Minister of Trade Truong Dinh Tuyen.

Vietnam jumps five places in Global Services Location Index

A.T. Kearney has released its 2017 Global Services Location Index, a study that analyzes and tracks the contours of the offshoring landscape in 55 countries across three major categories.

Tasks ahead for higher global value chain integration

 In order to join the global value chain (GVC), Vietnam needs to expand production scale as well as improve labour capacity, product quality, and administrative capabilities.

Ministry draft proposes maximum incentives in three special EZs

The Ministry of Planning and Investment's draft law on developing special economic zones will provide EZ investors with major incentives, and in particular, investors of innovative startup projects will receive the most benefits.

Vietnamese shipping companies running massive losses

 Vietnam's state-owned shipping group Vinalines and Shipbuilding Industry Corporation (SBIC) are running massive looses.

Largest event for LGBTQ community underway in Hanoi

 Hanoi Pride 2017, the country’s most anticipated event for the LGBTQ community, opened on September 18 and runs until September 24 with a series of exhibitions, discussions, film screenings, a bike rally and walking march.

Foreign employees to get work permits online from October 2017

 Foreign nationals who want to work in Vietnam will be able to acquire employment permits online, via the web portal http://dvc.vieclamvietnam.gov.vn, starting from October 2, 2017.

The snake raising village in Hanoi

Le Mat Village in Long Bien District, Hanoi, has raised snakes for hundreds of years. The locals are skilled in catching snakes and earned good money from selling products made from snakes. 

Will brewer brands fall into foreign hands?

VietNamNet Bridge - Foreign investors have shown their intention to buy a stake in Habeco and Sabeco, but Vietnamese experts say that local buyers should protect the two brands.

H&M stirring up a fast fashion fever in Vietnam

 Undeniably, fast fashion brands are enjoying great success in one of the two largest cities in Vietnam. However, while they are toasting success, local retailers are stepping back in the game.

VN posts 11.5% IT revenue growth

Vietnam’s revenue from information and technology in 2016 reached nearly US$68 billion, posting an 11.49 percent year-on-year increase.

VN Central Bank to rate local credit institutions

 The State Bank of Viet Nam (SBV) is planning to rank credit institutions; however, it said the ranking results will not be publicised due to the delicacy of the issue.

VN firms spending less on RD

 Innovation was critical for the growth of factory productivity, but Vietnamese firms spent less on R&D than in most other Southeast Asian countries.

Gov’t urged to improve business climate

Removing barriers and improving the business environment would contribute to reaching economic growth targets in the context of a tight State budget, director of the Ministry of Planning and Investment’s National Economic Issues Department said.

Conference discusses difficulties, solutions in making HCM City a smart city

 The difficulties involved in developing smart cities and possible solutions were on the agenda of a conference on “General Solutions for Smart City” (Smart City 360 Degrees) held in HCM City on Tuesday.

Three accused of illegally transporting heroin

The Supreme People’s Procuracy has decided to prosecute three women for illegal transportation of drugs.

Arrest warrant issued for ex-officials of OceanBank

 The Investigation Police Agency under the Ministry of Public Security said on Monday it has issued an arrest warrant for three suspects on charges of appropriating property at OceanBank’s Hai Phong branch.

Man suspended from air travel for security violation

 A man from Hanoi’s Gia Lam District has been suspended from air travel for nine months after threatening aviation security staff with using a mine.

Antibiotic overuse worsens digestive diseases: experts

 The over-prescription of antibiotics caused a common gastrointestinal bacteria to develop antibiotic resistance, experts said at a conference on digestion held by Bach Mai Hospital and the Japanese Nagoya University in Hanoi last Saturday.