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13th ADMM issues declaration on security

Defence Minister Ngo Xuan Lich attended the 13th ASEAN Defence Ministers’ Meeting (ADMM) in Bangkok, Thailand on Thursday, which ended with a joint declaration on security.

Fee collection suspension lifted at three BOT projects

The Directorate for Roads of Viet Nam (DRVN) on Wednesday lifted the suspension of fee collection at three build-operate-transfer (BOT) projects.

Vietnam to host regional amateur golf championship

The 2019 Southeast Asian Amateur Golf Team Championship will be held in northern Vinh Phuc Province from July 24 to 27.

Quang Nam extinguishes three forest fires

Functional forces of the central province of Quang Nam have managed to contain three fires in Hiep Duc District’s planted forests.

International women’s cycling race in south

The International Women’s Cycling Tournament, the An Giang Television Cup, will be held on July 13-18.

VN population tops 96.2 million, ranking 15th in the world

Vietnam’s population has reached 96.2 million people as of April 1, ranking 15th in the world and third in the Association of Southeast Asian Nations (ASEAN).

BUSINESS NEWS 12/7

Hanoi: 80 percent of new landed property supply located in the east

 

Vinasun appeals VCC’s conclusion on Grab-Uber merger

Vinasun has voiced its opposition to the conclusion of the Vietnam Competition Council (VCC) that the merger between ride-hailing firms Grab and Uber in the country showed no signs of economic concentration.

 

Trade Ministry transfers 11 debt-laden megaprojects

The Ministry of Industry and Trade has transferred the jurisdiction over State capital at 11 out of 12 loss-making megaprojects to the Commission for the Management of State Capital at Enterprises.

 

S. Korean, Chinese investors dominate tenders for North-South expressway subprojects

Tenders for building three sections of the North-South Expressway project have attracted a total of 27 investors, including 18 firms from South Korea and China.

 

Landslides cause traffic jam on highway in Lai Chau

Heavy rains in recent days have caused many landslides, especially on national highways, in the northern mountainous province of Lai Chau.

Binh Duong to host international three-cushion billiards event

The International three-Cushion Billiards Tournament will take place in the southern province of Binh Duong from Thursday to Sunday.

Vingroup sets up airline

Major local conglomerate Vingroup has established its own air carrier called Vinpearl Air with charter capital of VND1.3 trillion.

 

VN banks more vulnerable to shocks as leverage rises: Fitch Ratings

Vietnam’s banking system is becoming more susceptible to shocks as household leverage continues to increase, but near-term risk appears limited amid the benign operating environment and strong economic growth.

 

Eximbank chairman resigns after one month in the job

Cao Xuan Ninh, chairman of Vietnam Export Import Bank (Eximbank), has tendered his resignation after only one month in the job. The HCMC-based bank has been plagued with leadership disputes.

 

Transport Ministry defends North-South rail plan

The Transport Ministry has defended its proposal to spend US$58.7-billion on the North-South express railway project following the Ministry of Planning and Investment’s calculations that the cost would be less than half of this.

 

Northern border province struggles to stop people from working illegally in China

At the age of 71, Nong Ngoc S. had little rest as he took on the double duties of tending to the family’s crops and his grandchildren.

HCM City takes unreasonably long to renovate old tenements

Three years after a five-year plan to renovate half of the 476 old tenements was announced by HCM City authorities, only a fraction of them have been refurbished or rebuilt, causing suffering to many people living in them.

Seven tonnes of smuggled iron scrap seized in Vietnam

Members of the border guards in southern An Giang Province have seized seven tonnes of iron scrap smuggled from Cambodia to Vietnam.

Multi-level marketing firm investigated for scamming 36,000

The Supreme People’s Procuracy has arrested and commenced criminal proceedings against eight heads of the Thang Long multi-level marketing company for alleged fraudulent appropriation of assets.