PM Nguyen Xuan Phuc hosted a reception in Hanoi on May 7 for Timothy Geithner, former Secretary of Treasury of the US and now President of Warburg Pincus, during which he appreciated the US firm’s investment in several projects in Vietnam.

The management board of the North-South Expressway project will issue prequalification documents to bidders of the National Highway 45-Nghi Son section of the project from May 8 to July 8.

Remains of Vietnamese volunteer soldiers and experts found in Laos were handed over to the Vietnamese side for repatriation at a ceremony held in Vientiane on May 7.

NA Chairwoman Nguyen Thi Kim Ngan highlighted the development of the Vietnam-Italy strategic partnership while receiving Italian Minister of Foreign Affairs and International Cooperation Enzo Moavero Milanesi in Hanoi yesterday.

The UN of Vesak 2019 will be celebrated at the Tam Chuc Buddhism Culture Centre in Kim Bang district of northern Ha Nam province from May 12-14. Preparation work for the event is entering the final stage.

Sixty-five years ago, under the leadership of the Party Central Committee, President Ho Chi Minh launched the Dien Bien Phu campaign with the aim of putting an end to the French empire over Indochina.

About 7,200 members of the Ho Chi Minh Communist Youth Union and volunteers will be serving the upcoming United Nations Day of Vesak 2019.

Experts, scientists and architects agreed that a construction boom along the Han River over past decade had impacted on the river flow, erosion and floods, and could result in environmental tragedy in the future.

With the approval of the Vietnamese Prime Minister, two Australian Navy ships, HMAS Canberra and HMAS Newcastle visited Cam Ranh International Port, Khanh Hoa province on May 7- 10.

For Hanoi, the regulation of working hours must be considered and evaluated in many aspects because the capital houses many state administrative bodies, with a big population of state servants.

The high ranking police officers who deliberately influence to falsified exam results were breaking the law and must be strictly punished.

Following the Prime Minister’s instruction, the current contribution rate has been decreased to 14 – 16%, allowing provinces and cities to increase expenditure for investment and carry out wage reform.

In Vietnam, year-round Japanese encephalitis is usually prevalent in summer season and peaks between June and July.

Local banks have continued raising the interest rates for certificates of deposit (CD) to attract customers, with some even raising rates beyond the record high of 9% per annum, according to a report on the Nguoi Lao Dong Online website.

Tax authorities are still struggling to find ways to tax cross-border trading services, said Nguyen Nam Binh, deputy head of the HCMC Tax Department, at a workshop on May 6.

There are 50,000 technology firms currently active in Vietnam, but the country is set to double the number by 2030, said To Thi Thu Huong, deputy director of Information Technology at the Ministry of Information and Communications.

BUSINESS NEWS 8/5

Within five recent years, many parents have been choosing private school education and the trend of sending children to private schools is escalating in Ho Chi Minh City.

Heated debate is continuing around the proposal to regulate ride-hailing firms as taxi companies, due to concerns that it will dampen Vietnam’s Industry 4.0 efforts.

Preparations are well underway to prepare Tam Chuc pagoda in Kim Bang district in the northern province of Ha Nam for the United Nations Day of Vesak 2019, which will take place between May 12 and May 15.