Thanh Nien News
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 ...
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 ...
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 ...
Vietnam may have new agency to manage state enterprises
The Vietnamese government is considering setting up a new agency to manage state-owned enterprises more effectively, but some economists have questioned the necessity of such a plan. Economist Ngo Tri Long urged the government to consider the plan thoroughly, arguing that a new agency means more resources ...
Smoking claims over 100 lives every day in Vietnam
Vietnam is among countries where smoking is most widely prevalent, losing more than 100 people a day to the habit and facing a huge financial burden, according to official figures. Statistics from the Ministry of Health show that the Vietnamese smoking population is among the biggest ...
Vietnam's foreign investment surges to over $10 billion in Jan-May
Vietnam has been promised US$10.15 billion of foreign direct investment in the first five months this year, up a staggering 136 percent from a year ago, according to new data. A statement from the Ministry of Investment and Planning said Vietnam licensed 907 new foreign projects ...
Livelihoods in jeopardy as Vietnam’s Mekong Delta struggles with sediment loss
The World Wide Fund for Nature reported that suspended sediment load in the Mekong Delta declined from 160 million tons in 1992 to 75 million tons in 2014 due to the construction of hydropower dams and reservoirs on the mainstream and branches of Mekong River. It noted that sand ...
Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF
Strong rises in exports and foreign investment in the manufacturing sector will continue to accelerate Vietnam’s GDP growth, the IMF said in its April update on Asia-Pacific economic outlook. In the region, only several frontier economies will see higher rates, including Myanmar’s 8.6 percent, Laos’ 7.4 ...
Mekong Delta loses half of silt to upstream dams: scientists
Scientists said the Mekong Delta is suffering from the cumulative impacts of saltwater intrusion, erosion and declining groundwater levels as a result of El Nino and the upstream dams. Tran Cong Lap is among many farmers who are well aware of the impacts said “Saltwater has been ...
