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Vietnam Brewery becomes Heineken Vietnam Brewery

VietNamNet Bridge – The Vietnam Beer Limited (VBL) has announced its new name as Heineken Vietnam Beer Ltd., with 40 percent of capital held by Saigon Trade Corporation (Satra) and 60% by Heineken Asia Pacific.

Hanoi: Two new roads named after Paracel, Spratly archipelagos

 The 15th Hanoi municipal People’s Council at its second plenary session on August 3 passed a resolution on naming and adjusting the length of a number of roads, streets and public buildings in the capital city.

Vinamilk to raise capital to $650m

 Viet Nam Dairy Products Joint Stock Company (Vinamilk) has announced its final list of shareholders for the next issuance of nearly 242 million shares to raise equity.

Wholly foreign-owned Woori Bank to open in VN

The State Bank of Viet Nam (SBV) on Tuesday approved in principle South Korean Woori Bank's plan to set up a wholly foreign owned bank in Viet Nam.

Vietnamese consumer confidence among top 10 optimistic countries

 Vietnamese consumer confidence continues staying high, despite a slight drop in Q2 this year, with an index score of 107, two point lower than the previous quarter.

HCM City: nearly $6 billion for Sai Gon Peninsula project

 The Van Thinh Phat Investment Group (VTP Group) on August 3 signed an investment cooperation agreement with Malaysian investors Pavilion Group and Genting Group to develop a park and housing complex in Ho Chi Minh City.

HCM City eyes $9,800 per capita income by 2020

 Ho Chi Minh City’s leaders and newly-elected lawmakers began a three-day session of the People’s Council on August 3 to discuss socio-economic targets amid many complaints about extended flooding, traffic jams and pollution.

Banks' bad debts remain below Government's 3 percent target

 Non-performing loans (NPLs) as of the end of May accounted for 2.78 percent of the entire banking system’s total outstanding loans.

Health ministry on alert after third Zika infection confirmed

 The Ministry of Health has taken stronger preventive measures against the Zika virus across the country, particularly in central Phu Yen province where a local man recently tested positive for the virus.

ASEAN economic ministers mull multiple issues

 Economic ministers and deputy ministers from the Association of Southeast Asian Nations (ASEAN) mulled several important matters during the 48th ASEAN Economic Ministers’ Meeting that began in Vientiane, Laos on August 3.

Ha Giang, Chinese locality look to boost ties

 Leaders of northern mountainous province of Ha Giang and the Wenshan Zhuang and Miao Autonomous Prefecture of China’s Yunnan province have agreed to promote exchange and multifaceted links in a practical and effective manner in the time ahead.

Over 20 movies to be released in August

VietNamNetBridge – This month the "Sex Bomb" Margot Robbie will return in the blockbuster "Suicide Squad" and Jason Statham comes back in part two of "The Mechanic".

Former FPT CEO finds new opportunities in US

VietNamNet Bridge - Two years after leaving FPT, Truong Dinh Anh, its former CEO, moved to live and work in the US.

Vietnam confirms third case of Zika virus

A 27-year-old patient, from Son Hoa District’s Son Hoi Commune, was yesterday confirmed as the third in Viet Nam to be affected with the Zika virus. The first two cases were found in central Khanh Hoa Province and HCM City.

130 pine trees over 700 years old face death

VietNamNet Bridge - Yen Tu mountain in Quang Ninh province is the home to 230 xich tung (red pine) treeshundreds of years old but half of them are nearly dead due to severe disease. Local authorities are looking for measures to save the rare trees.

Vietnam’s largest wax museum opens in Ha Long

VietNamNet Bridge - Dozens of wax statues of soccer superstars, actors, singers and many other celebrities are on display at a recreation park in Ha Long City, Quang Ninh province.

Vietnamese banks warned they will have to compete with Uber, Apple

VnExpress, an online newspaper, has opened an online shop to sell iPhones, while The Gioi Di Dong, a mobile phone distribution chain, has decided to sell vegetable and meat. 

National Assembly deputy urges strict protection of Central Highland forests

VietNamNet Bridge - Thousands of hectares of forests in Dak Lak province have been cut down to make room for hydropower plants, threatening the survival of forests in the Central Highlands. 

Dictionaries with errors should be eliminated

More and more errors have been found in newly published dictionaries. Local newspapers said that the market is flooded with ‘rubbish dictionaries’, and analysts have warned that these dictionaries will spoil the Vietnamese language.

Weightlifter Tuan believed to take medal in Olympics

 VietNamNet Bridge – Coach Huynh Huu Chi has affirmed that weightlifter Thach Kim Tuan will get a medal in the men’s U56kg at the upcoming Rio Olympic Games.