Vietnam Investment Review - VIR

Corporate

Contractor Kumho wins $1.5 million in debt trial
22:02 23/08/2017 Contractor Kumho wins $1.5 million in debt trial

At the second trial of the debt collection lawsuit between plaintiff Kumho and the defendant, the Justice Council of the Hanoi People's Court has ruled in favour of the plaintiff and ordered the defendant to pay $1.5 million, equivalent to VND37 billion.

Investing

Siemens’ net-zero quest
15:35 23/08/2017 Siemens’ net-zero quest

Over the past 170 years of development, German conglomerate company Siemens has been continuously improving sustainable energy.

Tech

Facebook losing teens to Instagram-Snapchat: Forecast
09:09 23/08/2017 Facebook losing teens to Instagram-Snapchat: Forecast

SAN FRANCISCO: Facebook use in the US will slow as teens and young adults opt for smartphone image-sharing services Instagram and Snapchat, according to an eMarketer forecast released on Tuesday (Aug 22).

Property

CII sells stake to quench capital thirst
22:16 23/08/2017 CII sells stake to quench capital thirst

Ho Chi Minh City Infrastructure Investment JSC (CII) will sell a large volume of shares to cover its capital demand to develop numerous large-scale projects, according to newswire CafeLand.

Money

Contractor Kumho wins $1.5 million in debt trial
22:02 23/08/2017 Contractor Kumho wins $1.5 million in debt trial

At the second trial of the debt collection lawsuit between plaintiff Kumho and the defendant, the Justice Council of the Hanoi People's Court has ruled in favour of the plaintiff and ordered the defendant to pay $1.5 million, equivalent to VND37 billion.

Province

Disappointing revenues from bauxite-alumina projects
22:07 23/08/2017 Disappointing revenues from bauxite-alumina projects

Despite the initial positive economic performance analysis, alumina-aluminium projects in the Central Highlands province of Dak Nong have produced disappointing results, returning only a fraction of the expected budgetary revenues.

Travel

Hue plans to open pedestrian square on Truong Tien Bridge
13:00 23/08/2017 Hue plans to open pedestrian square on Truong Tien Bridge

Hue City is working on a pilot plan to ban vehicle traffic on the Truong Tien Bridge over the Huong (Perfume) River on weekends and make the bridge a pedestrian-only area, local media reports.

Leisure

Mark Wahlberg named world’s top paid actor
15:09 23/08/2017 Mark Wahlberg named world’s top paid actor

Rapper-turned-actor Mark Wahlberg was named the world’s highest paid actor on Tuesday, earning an estimated US$68 million before taxes over the past 12 months.

Society

Three mechanics killed in elevator accident
15:03 23/08/2017 Three mechanics killed in elevator accident

Three mechanics were killed while installing elevator rails at an apartment complex in the northern coastal province of Quảng Ninh’s Hạ Long City on Tuesday.

Sports

Napoli, Sevilla, Celtic into Champions League group stage
17:00 23/08/2017 Napoli, Sevilla, Celtic into Champions League group stage

PARIS: A Jose Callejon goal helped Napoli ease into the Champions League group stage on Tuesday (Aug 22), while Sevilla also went through and Celtic suffered a scare in Kazakhstan before winning their play-off tie.

World News

Spain suspect says terror cell planned big attack on monuments
17:00 23/08/2017 Spain suspect says terror cell planned big attack on monuments

MADRID: A suspected member of the terror cell that unleashed carnage in Spain last week admitted to a judge on Tuesday (Aug 22) that the militants had planned to hit monuments in an even bigger attack.

Your Consultant

Rapid credit growth possible, but risky: experts
09:32 23/08/2017 Rapid credit growth possible, but risky: experts

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7 per cent.