VN may be upgraded to emerging market in 2022: VNDirect Securities

 It may take Viet Nam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.

 

Fewer investors opened new trading accounts in 2019

The number of investors opening new accounts in 2019 fell from the previous year, according to the Vietnam Securities Depository (VSD).

Winners to take it all in e-wallet fight

An economics expert has said e-wallet firms are breaking out promotions to try and win large chunks of the high potential market in Vietnam.

Luxury hotel segment sees sharp expansion

With 50 five-star hotels and 68 four-star hotels being built last year, the luxury segment now has 466 hotels with 97,098 rooms.

Support industry promotes development of industrial real estate

The supporting industry boosted the development of Việt Nam's industrial real estate market last year, according to CBRE Viet Nam Co, Ltd.

Social organizations propose to stop licensing new coal-fired thermopower projects

Since the government is pursuing a consistent policy not to sacrifice the environment for economic development, coal-fired thermopower projects will no longer be developed.

No bubble but land prices might increase: ministry

 While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.

 

Government backs capital hike plans for four State-owned banks

 The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.

 

Japanese lender aims to buy into OCB

The deal is expected to be worth about 15 billion Japanese yen (US$139 million).

Vietnam gains record in cement exports

Viet Nam’s cement industry in 2019 continued gain of billions of US dollars in export value, according to the Ministry of Industry and Trade.

 

Vietnam to select quality foreign investment

Vietnam is earmarking environmentally friendly, high tech investment to best serve the sustainable growth of the country.

 

Wood processing industry targets $20 billion in exports by 2025

The wood processing industry has set an export goal of US$20 billion by 2025.

For every three coffee chains that join the market, two leave

Entering the food and beverage sector in 2012 and opening a series of cafes, Phuc Long once caught the special attention when stating that it would compete with Starbucks, which set foot in Vietnam in 2013.

New population strategy poses challenges for Vietnam

Head of the General Office for Population and Family Planning under the Ministry of Health, Nguyen Doan Tu, talks to Nhân Dân (The People) newspaper about Vietnam’s population strategy.

Artists promote ceramic art through their sculptures

Seven artists from the Sai Gon Ceramic Arts Group are showing 170 ceramic sculptures depicting life, people and love in at the HCM City Fine Arts Museum.

Work hours for students should be managed: experts

Students supplementing college with part-time jobs could miss out on studies while they work.

Vietnamese students produce batteries from rice husks

Batteries made from rice husks created by a group of students from the HCM City University of Natural Sciences help minimize pollution, opening a new future for the manufacture of lithium-iron batteries.

US Embassy hosts blood donation campaign

The Embassy of the US in Vietnam launched a blood donation campaign on January 10.

Foreign investors hope for consistent economic policies in Vietnam

Many foreign businesses have expressed their hope for better business and investment environment in Vietnam, especially consistent policies on economic development.

VN Government encourages startup innovation: Deputy PM

The Government will develop an innovative and business-centred ecosystem, Deputy Prime Minister Trinh Dinh Dung said at the Vietnam Business Forum 2019 in Hanoi on January 10.

Former governor of RoK province honoured

Former governor of Gyeongsangbuk province of the Republic of Korea (RoK) Kim Kwan-yong on January 10 was honoured with the third-class Labour Order of Vietnam.

Poster contest on Vietnam’s 2020 ASEAN Chairmanship launched

The Ministry of Culture, Sports and Tourism launched on January 10 a propaganda poster contest on Vietnam’s 2020 ASEAN Chairmanship.

NA Standing Committee approves rearrangement of administrative units

The National Assembly Standing Committee approved the rearrangement of communal- and district-level administrative units for the 2019 – 2021 period and the establishment of several urban administrative units for 18 cities and provinces.

Politburo takes disciplinary actions against Party officials

Party General Secretary and President Nguyen Phu Trong chaired the Politburo’s meeting in Hanoi on January 10 on disciplinary actions against two Party officials.

Hanoi disturbance case: Ministry affirms Kinh died holding a grenade

Chief of the Office and Spokesperson of the Ministry of Public Security To An Xo on January 10 said the ministry has affirmed a rioter who died resisting on-duty officers is Mr. Le Dinh Kinh.