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Da Nang, in cooperation with Seoul, will commence work on an information system on public works construction in the central Vietnamese city from 2016 to 2019.
Vice Chairman of the city’s People’s Committee Tran Van Mien said the Allimi system will help boost transparency and publicity as it will allow local people to supervise public works construction and investment projects.
Mien said the system will help develop exchanges between administrations of Da Nang and Seoul in trade, investment, culture as well as sharing experiences in public works management.
The system, which will launch the first stage between 2016 and 2018 and the second stage from 2018 to 2019 will aim to build up multi-management of all public investment projects and improve the anti-corruption capacity and effectiveness.
Vice director of the city’s construction department Tran Van Nam said the system will connect with the city’s e-government system to post online all information of public investment projects and construction schedules as well as receive the opinions of local people.
He said residents can access information on investment projects in the city and supervise the construction processes.
According to the city, two-way trade between Da Nang and Seoul reached US$87 million (Bt3 billion) in 2015, of which $24 million was for exports from Da Nang to South Korea.
South Korea is seen as the biggest investor in Da Nang with 56 projects worth $751 million. — Viet Nam News
 Thilawa SEZ part A to create 40,000 jobs
  Part A of the Thilawa Special Economic Zone will create nearly 40,000 jobs when it starts operating, according to Myanmar-Japan Thilawa Development.
The construction of the first part already employees over 8,000 people.
“The infrastructure development has finished but the factories and office buildings are still under construction. I think they will take at least one year. We expect part A to create about 40,000 jobs,” said Myint Zaw, the general manager of the organisation.
A total of 74 firms from 16 countries have invested in the zone.
There will be a free zone and promotion area where the companies can enjoy tax exemptions for a minimum of five years based on the amount they export.
The project is being implemented through a 51-49 per cent ownership between Myanmar and Japan on a 5,800-acre (928 hectare) site south of Yangon. — Eleven Myanmar
 Air service connects Phu Quoc and Guangzhou
  A direct air route has been launched connecting Vietnam’s southern resort island of Phu Quoc in the Mekong Delta province of Kien Giang with China’s Guangzhou.
The route is operated by the China Southern Airlines with three flights a week on Wednesday, Friday and Sunday. It is expected to raise the number of foreign tourists to the island to 20,000. The first flight with tourists from China and Europe on board landed at the airport on Wednesday.
More directs flights between Phu Quoc and China are scheduled to start this month. Vietnam’s low-cost airline Vietjet will open its service from Phu Quoc to Kunming, while China Eastern Airlines will operate another air route from Zhejiang to Phu Quoc.
The Airports Corporation of Vietnam is accelerating the implementation of the second phase of the project to upgrade the Phu Quoc International Airport’s infrastructure facilities. — Viet Nam News
 Hanoi Exchange reports good results in first half
 The Hanoi Stock Exchange (HNX) has mobilised 212 trillion dong (Bt333.3 billion) in government bonds for the state budget in the first half of this year, said Nguyen Thanh Long, the exchange chairman. Long said that the capital of the Unlisted Public Company Market (UPCoM) doubled compared to 2015 as the HNX undertook various measures to promote its scale and liquidity and improve the quality of the market.
For example, the HNX promptly issued regulations on the management of unlisted firms, which contributed to the liquidity soaring during the first six months. The average trading volume reached 9.6 million shares per session and the transaction value over 34 billion dong per day, an increase of 248 per cent in volume and 212 per cent in value compared to the same period in 2015.— Viet Nam News