Good morning from Tuoi Tre News!

Society

-- One hundred and fifty out of 781 meters of an underground tunnel passing under Ho Chi Minh City’s District 1 to make way for the city’s first metro line has been dug so far after over two months of construction, according to the municipal Management Authority of Urban Railways.

-- Vietnam may run out of construction sand in 2020 as domestic demand for the granular material in the next few years is forecast to exceed the country’s total reserves of two billion cubic meters, Pham Van Bac, director of Vietnam’s Department of Construction Materials under the Ministry of Construction, warned on Wednesday.

-- Hanoi police officers have arrested Kieu Tien Vinh, 31, the welder allegedly responsible for the fire that devoured a baking facility in the capital on Saturday, killing eight, after he was found to be doing the work without proper training or qualifications.

-- The Civil Aviation Authority of Vietnam has proposed a number of options to enlarge the capacity of Tan Son Nhat International Airport in Ho Chi Minh City to 40 million yearly passengers, including the expansion of the airport’s northern apron by the third quarter of next year.

-- Two tourist information booths have been set up at the September 23 Park and Bach Dang Riverside Park in Ho Chi Minh City, where foreign visitors can get access to free brochures, travel assistance, power outlets as well as Internet-connected computers which can be used to look up information on local attractions.

Business

-- Sacombank has estimated that it would take three years to collect all the debts owed by its former deputy chairman Tram Be, who was arrested on Tuesday along with the bank’s ex-CEO Phan Huy Khang for their deliberate economic mismanagement that had resulted in financial losses of VND6.6 trillion (US$288.4 million).

-- Vietnam’s Ministry of Finance has proposed a new regulation that would limit the amount of tax-deductible life insurance bought by companies for their employees to VND3 million ($132) per person a month.

-- Mitsubishi Motors Vietnam has recalled nearly 1,000 cars of its Outlander Sport models GA2WXTHHL and GA2WXTSHL manufactured between 2014 and 2016 to replace the rear shock absorbers, which were found to be prone to rusting.

-- State-owned Vietnam National Chemical Group (Vinachem) has been found responsible for making multibillion-dollar investments in fertilizer projects that have so far incurred financial losses of up to $280.44 million and outstanding debts of $1.07 billion.

Sports

-- Mai Huu Tin, president of the Vietnam Vovinam Federation, was elected president of the World Vovinam Federation for 2017-2022 on Wednesday at the federation’s congress in India.

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