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HCM City to spend over $400 million to encourage startups

VietNamNet Bridge - Analysts believe that HCM City will make a profitable investment by pumping VND1 trillion into startups, because the benefits in the future will be even higher.

Retired officials reveal huge assets

Former chief government inspector Tran Van Truyen was found to own huge assets shortly after he retired. Most of the assets were then disclosed to have been made illegally and recovered by the government. 

Hue plans museum street

Hue’s authorities are working on a project to build more museums and art centres on Le Loi Street for tourists. The street is intended to eventually have a dense network of museums in the future.

Malaysian cruiseliner to offer Vietnam tours

 VietNamNet Bridge – Malaysia-based cruise liner Dream Cruises is set to operate a new vessel capable of carrying 3,500 passengers to Viet Nam from November, according to the HCM City-based travel firm Viet Excursions.

23 million pupils return to school

 Nearly 23 million pupils nationwide attended the opening ceremony for the 2016-2017 academic year on September 5.


Poverty reduction plan for 2016-2020 announced

 The Prime Minister has decided to approve the national target program on sustainable poverty reduction for the period 2016-2020.

Book street for Hanoi

 19/12 Street in Hoan Kiem district will become Hanoi’s first book street in December.

Workers in foreign sector up 8.1 percent

 The increase in the number of workers at foreign-invested enterprises (FIEs) this year as at August 1 was the highest in the country, according to figures from the General Statistics Office (GSO).

’Increase HCM City airport capacity to 50m’

VietNamNet Bridge – Deputy PM Trinh Dình Dung has urged relevant agencies to expand HCM City’s Tan Son Nhat International Airport by using a section of military land to raise its capacity to 40-50 million passengers a year by 2025.

Vietnamese athlete looks to lift medal at Rio Paralympics

 VietNamNet Bridge – “Daddy, bring me a gold medal, ok?” Le Tuan Anh always tells his father, Le Van Cong, whenever he calls him during his training courses or competitions far from home.

VNPT to equitize in 2016-2020

Telecommunications giant VNPT targets to conduct its equitization in the 2016-2020 period, Chairman Tran Manh Hung told Prime Minister Nguyen Xuan Phuc at a recent meeting.

Vietnam keeps long-term vision, sets too many goals

Most of the criteria Vietnam has set to become an industrialized country by 2020 appears to be unattainable. 

$4.1 billion tourism complex appeals for unprecedented incentives

Attempts by Ba Ria-Vung Tau to salvage the long delayed $4.1 billion Saigon Atlantic Hotel invested by Winvest LLC Group from the US hit insurmountable obstacles as the province’s mandate seems to fall short to grant the investor’s requests.

‘Book building’ method may improve SOE equitisation

 The Ministry of Finance may use a “book building method” in selling the State’s holdings in State-owned enterprises (SOEs), Vu Bang, Chairman of the State Securities Commission, told local media.

Moody’s: Domestic demand supports Vietnam’s growth outlook

Vietnam’s (B1 stable) credit profile is supported by its robust economic growth and diversified economy, according to Moody’s Investors Service.

Scientists: Chinese exports polluting Vietnam through Red River

VietNamNet Bridge - Lao Cai province’s chair Dang Xuan Phong said the Red River’s water from the other side of the border with China is becoming more seriously polluted.

New policies take effect this month

 A series of new policies are coming into effect this month, including regulations relating to foreign diplomats and policies to support poor students, raise awareness of legal assistance and tighten State control of chemical substances. 

Laos reveals agenda of 28th, 29th ASEAN Summits

Building the ASEAN Community and strengthening the bloc’s external relations will top the agenda of the 28th and 29th ASEAN Summits scheduled to take place in Laos’ capital city of Vientiane from September 6-8.

Vietnam calls for peace, prosperity in Asia

Head of the Party Central Committee’s Commission for External Relations Hoang Binh Quan has called on Asian countries and parties to show their sense of responsibility for peace, stability and prosperity in the region.

Vietnam strongly condemns bomb attack in southern Philippines

 Vietnam strongly condemns those behind a bomb blast targeting a night market in southern Philippines that killed and injured many civilians, and believes that they will be strictly punished.