Authorities in Ho Chi Minh City have approved a proposal from the city’s Department of Transport to pilot a technology app for car parking in District 1 over a three-month period.

 E-commerce revenue in Vietnam is forecast to reach $2.1 billion this year and with annual growth of 6.5 per cent is expected to hit $4 billion in 2021, according to Statistic Portal.

 Nghi Son refinery and petrochemical complex’s preparations for its debut in the fourth quarter of 2017 have been completed, so the complex is in a rush to finish all minor remaining tasks for a perfect launch on time.

Mobile World Investment Corporation (MWG)’s shareholders agreed with an 85.93 per cent approval rate to spend VND2.5 trillion ($110 million) on mergers and acquisitions (M&A) in the coming period.

The failing state-funded Dinh Vu polyester plant will be pushed to the brink of bankruptcy if foreign investors refuse to co-operate with PVTEX to revise the plant’s operations.

The $348-million pulp mill invested by Hong Kong-based Lee&Man Paper Group has been warned to have its investment certificate withdrawn due to violations of the Law on Land and the Law on Investment.

While the Ministry of Finance (MOF) is seeking approval for tax hikes to increase the state budget revenue, economists point out that only reasonable government spending will help ease the budget deficit.

 The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality.

 In the context of more and more fashion brands entering the Vietnamese market and gaining significant market share, domestic firms in the fashion industry have to draw up solutions to regain market share and seize back their position.

 After being put on sale, if investors ignore Dung Quat Shipbuilding Co., Ltd., it will go bankrupt.  

The People’s Procuracy of the south-central coastal province of Phu Yen has approved beginning criminal proceedings against the former boss of Vinashin for his role in a project which caused losses of about US$220,000.

 Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will put 500 million shares on sale in two phases to raise charter capital from VND8.8 trillion ($387.6 million) to VND13.8 trillion.

 The Ministry of Finance (MoF) has expressed its disagreement with certain incentive mechanisms for businesses and individuals working in special economic zones in three provinces.

In the current socio-economic context, pharmaceuticals play a crucial part, especially in prevention and treatment of diseases. However, with the emergence of new pathologies, ‘the thirst’ for medical and pharmaceutical therapies is increasing.

 Vietnam’s trade deficit was estimated at US$2.13 billion in the first eight months of the year, $950 million lower than the figure of $3.08 billion in the first seven months.

 HCM City’s Youth Union and Youth Cultural House have instituted a free music programme on Nguyen Hue Pedestrian Street to mark the 72nd anniversary of National Day on September 2.    

A film festival will be held in five big cities in Vietnam from September 6 to 16 screening new German movies including the award-winning 24 Weeks.

For the last five years, 600 young cadres have been appointed vice chairmen of communal People’s Committees at 64 poor districts across the country. 

 Interest rates are high whilst lending procedures complicated. Port infrastructure is degrading. Fishing vessels that were new just a few years ago are now broken and unusable.

PM Nguyen Xuan Phuc has approved the budget for grassroots healthcare from 2016-20, a programme that includes funding for constructing health facilities, supporting traditional medicine, and providing healthcare in remote areas.