Vietnam central bank attempts to address sluggish growth

The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.

Experts urged Vietnam to remain cautious over trading with US

Vietnam needs to remain cautious over trading with the US as with the risk of being named as currency manipulator by the latter has not faded away, according to economist Le Dang Doanh. 

 

Sign of things to come in fashion?

Forever 21’s filing for bankruptcy is pointing at deep industry-wide issues that all fashion retailers face. 

Facebook asked to identify user accounts in Vietnam

The Ministry of Information and Communications (MIC) has requested Facebook to identify user accounts in Vietnam, initially in the two major cities of HCMC and Hanoi, as part of a move to tighten control over digital information.

VN Communist Party members asked to ponder East Sea situation

The analysis must be predictable about the global and regional situation and impact on the country.

Hanoi mural street vibrant with national flags and flowers in celebration day

The street was colorful with flowers and flags to make up the excitement in Hanoi Liberation Day.

Moody's ponders downgrading 17 Vietnamese banks

The agency will unlikely upgrade the ratings of the 17 banks, because their ratings are on review for downgrade.

Total deposits in Vietnam’s banking system up slightly to US$355.27 billion

Personal deposits saw the first decline of VND14 trillion (US$603.08 million) in July, after growing in six consecutive months.

HCM City busts $130 million online gambling operation

HCM City police have smashed a multi-million dollar illegal sports gambling ring.

Influx of foreign investment in property sector raises concern

The prime minister has asked several ministries, agencies and local governments to report on the risk of the domestic real estate market being dominated by foreign entities, given the recent influx of foreign investment into the sector.

AirVisual App available again in Vietnam following online attacks

The AirVisual app, whose data indicated that Hanoi has at times topped its list of 90 major global cities suffering from air pollution, has been restored for download on Google Play and Apple’s App Store in Vietnam.

Air pollution alerts impeded by outdated devices

The fact that air pollution alerts in HCMC are not timely made available is attributable to the Center for Environment and Natural Resources Monitoring’s use of outdated environmental monitoring devices, said Cao Tung Son, director of the center.

Difficulty in land access hinders 4.0 agriculture in Vietnam

Hi-tech agriculture cooperatives in HCMC are finding it difficult to expand production scale, while farmers are reluctant to make investments because of complicated procedures.

HCM City to launch international design contest for Ben Thanh station

Foreign and domestic consulting firms have been welcomed to submit designs for the underground space of the Ben Thanh station in District 1 as part of a competition recently approved by the HCMC government.

Vietnamese firms pour more investments into developed countries

Vietnamese investors are increasing their investments in projects abroad, especially in developed countries, such as Australia and the United States.

Non-state enterprises dominate V1000 biggest taxpayers in 2018

The General Department of Taxation of Vietnam (GDT) on Wednesday announced the list of 1,000 highest taxpayers (V1000) in Viet Nam in 2018 which contributed 60.3 per cent of total corporate income tax.

 

Vietnam climbs five spots in UPU's integrated index for postal development

Vietnam jumped five spots in the UPU's Integrated Index for Postal Development (2IPD) to rank in 45th place, with 51.79 points, among 172 countries and territories in the world.

New navigation to reduce congestion at HCM City's Tan Son Nhat Airport

Tan Son Nhat International Airport on October 10 started using the area navigation RNAV 1 specification at Tan Son Nhat International Airport in an attempt to reduce air traffic congestion and improve capacity.

High-tech industry sees highest salary increase

High-tech, Chemical, and Trading leading the way in salary increases in 2019, Mercer-Talentnet survey finds.

Vietnamese banks ranked among 500 strongest in region

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.

BFC, LIX, HVT code of Vinachem blocked due to lawsuit

The semi-annual consolidated financial statement of Vinachem showed a steep drop in profit, partially due to its accounts and assets being frozen by the court.

Vietnamese Gov’t must adapt to sharing economy models

Vietnam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties.

Moody's decision to place VN’s Ba3 rating under review for downgrade is improper: Vietnamese Finance Ministry

Vietnam's long-term foreign currency (FC) bond ceiling at Ba1, its long-term FC deposit ceiling at B1, and its local currency bond and deposit ceilings at Baa3 are unchanged.

 

Vietnam lacks workers with vocational training skills

Vocational schools complain they are finding it difficult to enroll learners despite attractive job opportunities.

Expanding the global role for Vietnam’s SMEs

Vietnam considers domestic private enterprises as an important driving force for the economy which is looking to become an integrated and modern one.