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

 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).

 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, 

 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.

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

 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.

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

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.

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.

 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).

 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.

 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 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.

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

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.

 The National Assembly Standing Committee on December 12 passed a resolution approving the addition of 553 billion VND (24.2 million USD) to the budget estimates to buy rice for the national reserve. 

Thousands of households living along Cai River in Khanh Vinh and Dien Khanh districts and Nha Trang City of Khanh Hoa Province have complained that sand mining is affecting their production land.

The Hanoi Stock Exchange confirmed Intimex Vietnam’s decision to buy 6 million shares of Hanoi Toserco (TSJ), a tourism company established in 1988, with total estimated value of VND200 billion.

 Vietnam finished third at the first Asian Boules Sport Confederation Petanque Championship in Thailand with two silvers and one bronze.

 Vietnamese shares plunged on December 11 as investors turned cautious before exchange-traded funds (ETFs) started restructuring their portfolios. A lack of information during the year-end period also had an impact on confidence.