News
VN economy faces tough future
Viet Nam’s economic growth in 2016 will be affected by many factors. General Director of the Viet Nam Statistics Office, Nguyen Bich Lam, speaks to business news website BNEWS. Social investment capital in the first six months of 2016 reached VND 618.2 trillion (US$27.71 billion), an ...
Ho Chi Minh City plans new bridge to industrial hub Dong Nai
Ho Chi Minh City is asking for permission to build a new bridge and make it easier to travel to the neighboring industrial hub Dong Nai. In its proposal sent to the government, the city said a construction company plans to invest US$255.6 million on a ...
Nearly 4,000 bridges to be built in remote areas
The second phase of a bridge building programme, which aims at building nearly 4,000 bridges in remote areas, will be kicked off next month, said Nguyen Van Huyen, director of the Directorate for Roads of Viet Nam. Under the programme, a total of 3,959 bridges, including ...
Vietnam's Masan invests more in meat businesses
Vietnam’s consumer giant Masan Group Corporation is now shifting its focus to the meat sector that reportedly made up 46 percent of its revenue in 2015. The group’s subsidiary Masan Nutri-Science has bought the remaining 30 percent stake in animal feed company Anco, and increased its ...
Urgent plans needed to adapt to climate change, rising sea levels
The historic drought this year affected 45,000 hectares of rice and crops, causing a loss of VND8.114 trillion in total. The drought and saline intrusion caused 2 million people to lack water for daily use, 1.75 million people to lose their livelihood, and put hundreds ...
Vietnamese scoff at bike-ban plan as motorcycles engulf capital
World famous for its endless swarms of motorcycles, Vietnam is considering banning bikes in the capital over fears its leafy streets will become overrun as the population swells and its middle class buys up cars in record numbers. Hanoi is forecast to have seven million motorcycles ...
Foreign investors acquire 36 percent stake in Vietnam's power firm
As Vietnam works to promote renewable energy, its power sector is becoming increasingly attractive to foreign investors. In the latest deal, the International Finance Corporation, a member of the World Bank Group, has bought a 16 percent stake in Gia Lai Electricity JSC, a major hydropower ...
Mineral exploitation pollutes towns, harms people's health
Mineral exploiters reap major benefits, but local residents living near the mines suffer as ore exploitation has negative consequences.On June 16, a red mud reservoir containing waste sludge from the titanium exploitation project of Tan Quang Cuong Company in Binh Thuan province broke down, leaving ...
Vietnam, Russia intensify cooperation in anti-corruption
The Government Inspectorate of Vietnam and Russia ’s Presidential Directorate for Countering Corruption have exchanged experience in the fight against corruption. During their talks in Moscow on June 27, Vietnamese Deputy Inspector General Dang Cong Huan and head of the PDCC Oleg Plokhoi briefed each other ...
Technology startups: high failure rate worries some investors
More than 60 percent of startups fail and 70 percent fail in the first year of operation. Rapid-fire good news has come to the Vietnamese technology startup community. US President Obama, during his visit to Vietnam in late May, announced that 500 Startups, the investment fund ...
