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Finance Ministry rejects foreign loans for eight projects

The Ministry if Finance’s (MOF) decision to reject eight foreign loans with high interest rates totaling $1.2 billion was highly applauded by economists.

Hanoi to restrict motorbikes in 2018

VietNamNet Bridge - Hanoi will strictly control motorbikes in 2018 and prohibit them in inner city areas by 2030.

Doctors warn against consumption of infected pork

 VietNamNet Bridge – Doctors have advised people not to consume the meat of sick pigs, following the death of one person who ate infected pork. Another person is in critical condition.

Vietnamese consumers complain about Apple’s battery replacement policy

iPhone users commenting on internet forums say that Apple is ‘selling batteries at a low price’ instead of correcting the fault of slowing down older iPhones as the battery ages. 

Budget deficit target set at 3.7% of GDP

 The Ministry of Finance (MoF) expects to keep this year’s State Budget deficit at 3.7 per cent of the GDP, below the 3.9 per cent mandated by the National Assembly.

Hanoi student wins $264,000 scholarship from US university

Five months after winning the silver medal at the 2017 IMO, a student from Hanoi-Amsterdam High School for the Gifted has scored another goal – winning a $264,000 scholarship for 4-year study at the University of Chicago. 

Aviation spreads wings towards far-flung goals

 Depite growing interest, private investments in Vietnam’s aviation sector remain below expectations. Deputy Minister of Transport Nguyen Ngoc Dong talked about the mechanisms to leverage private investments in the sector.

HCM City considers collecting drainage fee

 HCMC has plans to collect a wastewater drainage fee of VND1,800-2,000 (8-9 U.S. cents) per cubic meter of running water used, starting from this year.

Blood type O shortage

 The amount of blood type O available at the National Institute of Haematology and Blood Transfusion on Wednesday dropped to 2,934 units, from 3,500 units, after blood was distributed to hospitals in Hanoi and the northern provinces on Monday.

Securities firms seek margin lending funds

 Many securities companies have opted to issue corporate bonds to raise capital to finance their margin lending service, following upbeat forecasts for the market in 2018.

National Assembly Standing Committee’s 20th session opens

 The National Assembly (NA) Standing Committee convened its 20th session in Hanoi on January 10, which is scheduled to deal with a range of matters within one and a half days. 

Photo contest featuring Vietnam’s landscapes launched

 A photo contest themed “I love Vietnam” was launched in Hanoi on January 10, aiming to increase the archive of photos to promote the country’s tourism. 

Kon Tum approves project to grow over 4,600ha of Ngoc Linh ginseng

 Local authorities of the Central Highlands province of Kon Tum have approved a project to grow Ngoc Linh ginseng in Tu Mo Rong district, in a bid to preserve and develop the medicinal plant.

Ministries disagree on plan to raise taxes

The Ministry of Finance (MOF) has sent drafts of tax laws to the Ministry of Justice (MOJ) before being submitted to the Prime Minister and NA for approval in 2018.

HCM City plans to build smart apps for administrative procedures

 All administrative units of Ho Chi Minh City need to build applications (apps) so that local people could access information via their smart devices, said Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee.

Businesses still concern about high costs

 Half of respondents in a recent survey expressed concern about the competitiveness of domestic goods, in which business cost plays a decisive role but it is still high.

Foreign logistics firms now allowed in VN

 Foreign investors will be allowed to establish companies providing logistics services following Decree 163, which will take effect on February 20.

Khai Duc Company to be penalised

 Khai Duc Company, which owns Khaisilk brand, will be given stringent punishment for violation of norms and fraudulent trading.

Household appliance industry worth $13b

 The household appliance industry in Viet Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers.

VN sea transport posts positive growth

The maritime transport sector achieved positive growth last year, but the international logistics industry faced many challenges, according to the Viet Nam Maritime Administration (Vinamarine).