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Finance Ministry wants to tax second homes to restrict speculation

VietNamNet Bridge – The Ministry of Finance (MOF)  believes that it is necessary to tax second and subsequently owned homes to restrict property speculation and oversupply.

Flashflood kills three in Lao Cai

 Floods triggered by torrential rains in Hoang Lien National Park on the afternoon of August 12 swept away three local people.

Tuk tuk vehicles to be banned in Quang Ninh

 Authorities of Quang Ninh’s Van Don District have decided to ban the operation of self-modified three-wheel vehicles or tuk tuks at local tourist sites from January 1, 2018.

House purchases remain out of foreigners’ reach

 Some market observers said not only foreigners but also property developers do not know which projects can be sold to foreign nationals.

Over 90% of fuels imported from SE Asia, South Korea in Jan-Jul

 Vietnam imported 5.1 million tons of fuels from Southeast Asia and 1.7 million tons from South Korea, accounting for over 90% of the total in the January-July period.

Women’s football team arrive in Malaysia, aim for gold

 Vietnam’s female footballers are aiming for gold at the 29th Southeast Asian Games, said Coach Mai Duc Chung on August 13 as he arrived in Malaysia for the event.

Northern localities asked to brace for torrential rain, floods

 Provinces and cities in northern Vietnam have been requested to prepare to deal with flood and landslides in the region.

Vietnam Men & Women Futsal Teams prepare for SEA Games 29

 Vietnamese men’s futsal team’s head coach Miguel Rodrigo announced a list of 14 players who will compete at SEA Games 29 in Malaysia, this morning.

Transport Ministry to inspect ACV capital efficiency

 The inspection on the capital efficiency of construction investments managed by Airports Corporation of Vietnam (ACV) is now underway by the Inspectorate of the Ministry of Transport (MoT).

Cam Ranh terminal starts test runs next year

 The construction of the international terminal at Cam Ranh International Airport in the central province of Khanh Hoa is accelerated in order to start test operations in April 2018.

Domestic petroleum business to sell 45.55 percent to strategic investor

 Thanh Le General Import Export Trading Corporation (Thanh Le) has been permitted to put a 45.55 per cent stake up for sale for strategic investors.

Why Petrolimex is keen on being BSR's strategic partner

Vietnam’s sole oil refinery operator, Binh Son Refining, plans to sell 4 per cent of its shares in an initial public offering on November 7 and another 49 per cent to strategic investors next year, its Chairman said on August 10.

State Audit to look at Vinalines' valuation

 State Audit of Vietnam has announced a decision to audit the results of an enterprise valuation of Vinalines and examine other financial matters within the next 30 days before officially announcing the valuation.

Hanoi expands on iParking pilot

 Hanoi will introduce iParking at an additional 118 parking lots and nine streets in four districts from September 1 if approval is forthcoming from the Hanoi People’s Committee.

Vietnamese swimming towards another successful SEA Games

 Vietnam’s swimming team will participate in the 29th SEA Games with their largest force ever, including 25 members, targeting to surpass the impressive results achieved at the previous Games in Singapore.

Chinese businesses trying to overtake pepper market: VN Pepper Association

VietNamNet Bridge – The Vietnam Pepper Association (VPA) has warned that Chinese businesses have made moves to corner the domestic pepper market.

Fencer Vu Thanh An named Vietnam’s flag bearer at 29th SEA Games

 Fencer Vu Thanh An has been chosen to hold the national flag for the Vietnam sport delegation at the opening ceremony of the 29th Southeast Asian (SEA) Games in Malaysia on August 19.

Bad debt measures go into effect

 A National Assembly resolution on nonperforming loans takes effect tomorrow with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.

Agriculture sector does well as China buys more fruits and veggies

 Agricultural products exported to China now account for 50 per cent of total border trade flow between the two countries, signifying greater approval from Chinese consumers, officials say.