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US launches project to improve Vietnam’s disaster preparedness

VietNamNet Bridge - US Ambassador to Vietnam Daniel J. Kritenbrink today launched Phase II of the Enhanced Capacity of the Vietnam Red Cross (VNRC) project.  

Huawei appoints new Vietnam CEO

 As a veteran in the information and communications technology (ICT) business, Mr. Fan will be responsible for the company’s day-to-day business operations, ensuring that Huawei meets its commitment to delivering ICT products and solutions in Vietnam.

Thai Beverage bids on 25 percent of Sabeco

 Thai Beverage has emerged as the only investor that intends to buy more than 25 per cent of Vietnam’s leading brewery Saigon Beer.

More Chinese investors relocate manufacturing to Vietnam

 Chinese investors are looking to relocate manufacturing to Vietnam to avail themselves of the country’s favourable investment conditions.

Remittances to hit $5.2 billion this year

 Overseas remittances to Ho Chi Minh City is expected to total 5.2 billion USD this year, up 4.5 percent year-on-year, said an official of the State Bank of Vietnam (SBV).

Broken water pipe affects thousands in Binh Dinh

 VietNamNet Bridge – A broken water pipe caused by serious floods in south central coastal province of Binh Dinh one week ago has affected nearly 3,800 households in Tuy Phuoc District, 

VN's Ngoc Loan to compete at Mrs World Noble Queen Int’l 2017

 Vuong Ngoc Loan has been invited to represent Vietnam at Mrs World Noble Queen International 2017.

Phuong Le crowned Mrs World Peace 2017

Vietnamese representative Phuong Le has been crowned Mrs World Peace 2017 at the grand finale of the pageant in the Philippines.

Vietnamese electronics industry in desperate need

 The Vietnamese electronic supporting industry is considered too weak to access the global supply chain. Without linkages and collaboration, Vietnamese businesses will lose their market share.

Travel firms run race to sell tours to US

VietNamNet Bridge - Traveling the US has become more realistic as travel firms have slashed tour fees.

Environmental data could go on sale

 Organisations, enterprises and individuals who wish to use environmental data provided by the Ministry of Natural Resources and Environment many have to pay up to 2.8 million VND (123 USD) in the future.

Facebook online seller pays VND9.1bn tax arrears

 The Ho Chi Minh City Taxation Department has collected VND9.1bn (USD400,100) in tax arrears from a Facebook account that sells cosmetics online.

Watchdog gives nod to Mobile World-Tran Anh M&A

The Competition and Consumer Protection Department has given the go-ahead for the merger and acquisitiondeal between the two largest local electronic retailers – Mobile Worldand Tran Anh Digital World.

Garment, textile sector still strong

Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too.

Seafood turnover expected to hit $8.3b

 Viet Nam’s seafood export turnover is expected to reach US$8.3 billion this year, posting an 18 per cent increase over 2016, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

VN coffee industry has huge potential: seminar

 The Vietnamese coffee industry has great potential to develop considering the size of the global market and the country’s small share in it, according to the Ministry of Agricultural and Rural Development.

Government to sell 53.59-percent stake in Sabeco

 The Ministry of Industry and Trade (MoIT) is taking steps for the sale of 53.59 percent of its stake, equivalent to nearly 343.7 million shares, in the country’s largest brewery Saigon Beer, Alcohol and Beverage Corporation (Sabeco).

Three PetroVietnam subsidiary IPOs in three months

 Three big companies of PetroVietnam will make their initial public offerings (IPOs) in the next three months, under equitisation plans approved by Deputy Prime Minister Vuong Dinh Hue late last week.

Southern region welcomes many high-tech projects

 Numerous hi-technology projects have been granted investment licences and allowed to increase investment capital in the last months of the year.

Vietnam affirms commitment to multilateral trading system

Deputy Minister of Industry and Trade Tran Quoc Khanh highlighted Vietnam’s commitment to promoting the multilateral trading system while addressing a plenary session of the 11th WTO Ministerial Conference in Argentina on December 11.