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Ho Thi Kim Thoa dismissed from position of deputy trade minister

Ho Thi Kim Thoa was dismissed from the position of Deputy Minister of Industry and Trade under a decision issued by the Prime Minister on August 16. 

Vietnam spends nearly $1.7 billion on corn import every year

Vietnam has so far this year imported 4.13 million tonnes of corn worth $825 million, according to the Ministry of Agriculture and Rural Development.  

Vietnamese flag flies at SEA Games 29

 A 681-strong Vietnamese delegation to the Southeast Asia Games 29 (SEA Games 29) took part in a flag-hoisting ceremony held at Bukit Jalil National Stadium in Kuala Lumpur, Malaysia on August 16.

Vietnam aims to rank in Top 3 at SEA Games 29

Vietnam aims to rank in Top 3 at SEA Games 29

Businesses have to contend with a “forest” of sublicenses

VietNamnet Bridge - Despite reform, thousands of sub-licenses still exist, affecting businesses’ performance.

APEC SOM 3 to take place in Ho Chi Minh City next week

 The third  Senior Officials’ Meeting and Related Meetings (SOM-3)  of Asia-Pacific Economic Cooperation (APEC)  is scheduled to take place in Ho Chi Minh City from August 18-30.

Transport minister addresses over-charging BOT toll station

 Minister of Transport Truong Quang Nghia said the investor of Cai Lay BOT toll station in the southern province of Tien Giang had agreed to reduce the fees following opposition.

Flooding threatens flights at Tan Son Nhat Airport

 Tan Son Nhat International Airport in HCM City faces flooding whenever it rains.

Tien Giang Province suggests slashing toll fees to ease objection

Tien Giang Province’s Department of Transport on August 14 proposed the Ministry of Transport cut toll fees at the controversial Cai Lay BOT toll station in an apparent move to ease objections by drivers.

Businesses’ fear of failure stifles startup culture

VietNamNet Bridge - The high ‘fear-of-failure’ is a challenge that affects entrepreneurs in Vietnam, despite the efforts by the government to improve the business environment. 

Women's rugby team head to tournament in Belfast

 Fifteen women rugby players from marginalized communities in Asia, including five from Vietnam, are heading to the Northern Ireland capital of Belfast to play in the ChildFund Pass It Back Cup, in the lead up to the Women’s Rugby World Cup 2017.

Land bank needed for agricultural development

 It is necessary to establish a land bank because the majority of the 27 million ha of farmland in Vietnam is owned by individual farmers, which has created a host of difficulties for high-tech agriculture.

Ninh Thuan rues ineffective industrial parks

 Only a small area of eight industrial parks and complexes in the coastal Southern Central province of Ninh Thuan has been filled, resulting in a huge waste of land.

HSBC: Vietnam may miss 3.5% fiscal deficit for 2017

While a renewed focus on equitizing State-owned enterprises (SOEs) has been exhibited following the leadership transition in April last year, equitization alone is not a short-term solution to reducing the government’s fiscal deficit. 

GrabBike drivers in Hanoi take industrial action to oppose pay cut

 Many GrabBike drivers in Hanoi are trying to switch off the ride-hailing app or making false bookings to oppose the newly-announced pay cut.

Survey reveals most Vietnamese don’t trust e-commerce

 A new survey reveals that Internet users are increasingly concerned about their online privacy and that 65% of users polled say lack of trust is their main reason for not shopping online.

LG rolls out thinnest-ever TV panel in Vietnam

 LG Electronics Vietnam showed off “wallpaper” thin LG Signature OLED W Television for the first time in HCM City on August 15, announcing its 2.57mm-thin panel is the thinnest in Vietnam.

Finance Ministry proposes new tax on pickups

 The Ministry of Finance has proposed that the Government apply a special consumption tax on pickups to be set at 60 percent of the tax on cars with nine seats or less with similar engine displacement.

Ho Chi Minh Stock Exchange appoints new acting chairman

 The Ministry of Finance has appointed Le Hai Tra as new acting chairman of the Ho Chi Minh Stock Exchange (HOSE), starting August 14.

PV Power raises share-for-sale IPO ratio to 20%

PV Power, the country’s second-biggest power provider, will offer 20 per cent of its total shares for sale at an IPO in December. It will also sell 29 per cent of its capital to strategic investors.