Dollar rise lifts imports and widens Vietnam’s trade gap [VOV]
VietJet listed among world’s fastest growing airlines [VOV]
Master plan approved to develop northwest national tourism area [DTI]
In 1986, Hanoi – much like the rest of Vietnam – was at the start of a new era. Thanks to the government's Doi Moi economic reforms, the country had moved from a centrally planned command economy to a “socialist-based” market economy. During the first decade of Doi Moi the city was teeming with shops like those vividly captured by German photographer, Hans-Peter Grump .
The Ministry of Planning and Investment is working to create a legal framework for crowdfunding activities, reports Deal Street Asia . The government organization has recently met with local startups to request feedback on the new policy.
The National Bank of Vietnam, after its third adjustment to the dong this year, announced it would not alter the exchange rate again until 2016, reports Thanh Nien .
A new video by Sub Zero Animation posted on REIC brings to life the proposed Thu Thiem 2 Bridge, which is set to reach completion in 2018. The bridge will serve as a direct route between District 1's Ton Duc Thang Street and the Thu Thiem New Urban Area in District 2.
Beginning in September, foreign investors will be able to own a 100% stake in Vietnamese companies. The decision, announced by government decree in June, will apply to most industries with the exception of banking, as it is agreed that this sector should still be capped at no more than 30% foreign ownership.
Rather than tear down this District 2 villa altogether, MM++ Architects decided to give its concrete frame a makeover using recycled red bricks and steel frame glass windows.
Last week, the Vietnamese Department of Health announced that it would consider circulating a newly-approved drug call Addyi, which treats low sexual desire in women.
As many as 1,515 Vietnamese passengers flying VietJet Air have been denied entry into Singapore in the first half of this year, according to Tuoi Tre News . Despite showing sufficient paperwork, the majority of travelers who have been refused by the Singaporean authorities are women and, in most cases, the reason for their stoppage is unclear.
Another massacre in Vietnam as man kills 4; mental illness suspected [Thanh Nien]
Saigon Port plans share sale to banks [Vietnam Plus]
Controversial China rig completes drilling well near Vietnam coast [Reuters]
As of Friday last week, police were still unable to identify the owner of a mysterious Air Blade containing more than VND 1 billion, which was abandoned on a sidewalk in Hoa Binh province. Locals came across the bike on August 16, uncovering a pile of cash in the vehicle's trunk. After discovering the large sum of money, Colonel Bạch Chí Điền of the local police ordered the dismantling of the bike and a further VND 600 million was found within the foot rests, bringing the total to VND 1.6 billion.
The establishment of L’Ecole des Beaux-Arts de l’Indochine (EBAI) in 1925 was a turning point for art in Vietnam. The establishment of the school not only ushered in a new era of traditional art that had previously been dominated by Chinese influence for thousands of years but attracted western artists who sought to capture the landscapes and people of northern Vietnam in their paintings.
Known for most of the colonial period as Rue Pellerin, Pasteur Street has grown from ancient inner-city waterway to one of the city’s most desirable streets.
In an effort to alleviate congestion on the country’s roads Vietnam’s Ministry of Finance has proposed levying higher taxes on some cars, while lowering others.
Vietnam loses $2.5 billion over oil price collapse [Tuoi Tre]
Vietnamese website fined for publishing film inspired by horrible massacre [Tuoi Tre]
Vietnamese tra fish enters Walmart in US [DTI]
Though this indoor hem gem loses a few points for the bland, sanitary, air-conditioned environment, it starts to make up for the snooze fest in design with excellent renditions of some of Saigon’s most popular street food dishes.
Sabeco, the Vietnamese beverage company that has a commanding 40% market share of the domestic market, is in the process of trading in its massive warehouse at Me Linh Square for a shiny new skyscraper to boost its image.
In the latest collaboration between Saigoneer and Only In Saigon , we enter the shop of famed Shoemaker Trinh Ngoc, located at 50 Ly Chinh Thang, District 3 . His story is one of success and strife, as he was twice displaced by wars and once the cordwainer of choice for the Cambodian royal family.
The hot and muggy toilets at Ben Thanh Market will soon be a thing of the past as the city has ordered that air conditioners be installed to appease tourists.