Harnessing fresh capital influx into Asia’s new tiger

Vietnam’s surge towards becoming Asia’s fastest-growing economy is helping the country attract even more capital from overseas sources.

 

New regulations on use of foreign currencies in Vietnam

A circular amending and supplementing several provisions of Circular 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies in the territory of Vietnam became effective on May 13.

 

Vietnam suffers from aging population, brain disorder

Vietnam is suffering fast aging population; at present, approximately 11 per cent of the population is 60 and older, and the proportion of older people is predicted to grow in next years.

 

Local steel sector saw gloomy prospect in first quarter

The US-China trade war and fluctuation in material prices have set a burden on Vietnamese steel companies, reducing profits and even causing losses in 2019’s first quarter.

 

1,000 drug addicts to be treated with Buprenorphine

Around 1,000 drug addicts will be treated with Buprenorphine as the Vietnamese Ministry of Health and the Global Fund to fight HIV/AIDS have launched the drug addiction treatment program with Buprenorphine.

 

Vietnamese banks see improved capital adequacy ratios

The capital adequacy ratio (CAR) of Viet Nam's credit institutions has improved thanks to their increased equity.

 

National Action Month for Children to be launched in June

A ceremony to launch the National Action Month for Children 2019 is scheduled to take place in the Central Highlands province of Lam Dong on June 1, the Children's Day.

Hanoi Stock Exchange delists companies

The Hanoi Stock Exchange (HNX) has issued a decision to cancel the listing of a number of companies in May and June.

 

Australia set to hold food and wine event in HCMC Sunday

The Australian Consulate General in HCMC will organize a public Australian Food and Wine Journey from 1 p.m. to 4 p.m. on Sunday, May 19 at the Park Hyatt Saigon as part of the Taste of Australia program.

 

VN Central Bank to auction over 600 tons of melted coins

The State Bank of Vietnam (SBV) will put up for auction more than 600 tons of melted coins at a starting price of over VND48 billion (US$2.1 million).

Foreign investors eye Vietnam’s weak banks

Many large multi-national groups have showed interest in the weak banks Vietnam wants to sell. However, they have not moved ahead to implement the plans.

Film about love kicks off summer season

Film director Nguyen Quang Dung’s latest film, Ước Hẹn Mùa Thu (Love in Fall), has been released in HCM City, kicking off this summer film season.

HCM City: 37 school zones to be modified to ensure road safety

The roads around 37 schools in HCM City’s districts 1, 5 and 6 will be modified by next year to ensure they are pedestrian-friendly and safe for their students under the Walk This Way programme.

Hoi An tackles noise pollution

Authorities in the ancient town of Hoi An – a famous tourist destination in the central province of Quang Nam – are intensifying their efforts to tackle noise pollution in the area.

Further reviews needed for specialized inspection reduction

A reduction in the number of procedures and that of imports and exports subject to specialized inspections requires further reviews to facilitate trade, said Deputy Prime Minister Vuong Dinh Hue.

HCM City sets up four database centers for smart city

Four database centers that are expected to help turn HCMC into a smart city have been launched after over one year of construction and set-up, stated officials on May 12.

 

VN Central Bank revises down central rate

The State Bank of Vietnam today revised down the central reference rate between the dong and the U.S. dollar after the greenback had appreciated sharply the previous week.

Viettel clinches deal with Peru’s education ministry

Bitel, a Peru-based subsidiary of military-run telecom group Viettel, has signed a deal worth US$27 million with the Ministry of Education in Peru to provide IT infrastructure for over 1,800 schools in Peru.

 

Five talking points from 2019 V.League Matchday 9

Matchday 9 of the 2019 V.League saw reigning champions Hanoi FC concede their first defeat of the season at Thanh Hoa FC, while HAGL continued their sweet run under new manager Lee Tae-hoon.

 

Vietnam insurance market grows 17% in 4 months

Total premiums collected by insurance companies in Vietnam in the first four months of 2019 reached VND44.3 trillion (US$1.89 billion), up 17% year-on-year, according to the Ministry of Finance (MoF).

HCM City’s smart makeover makes steady progress

The achievements in the first stage of a project to turn HCM City into a smart city 2020 were listed by its People’s Committee at a conference on Sunday.

Vietnam athletes win medals at World Para Swimming World Series

Vietnamese athletes have won a silver and a bronze medal at the World Para Swimming World Series which took place in Singapore on May 10 - 12.

 

Music academy rejects ties with convicted UK paedophile

Deputy Director of the Vietnam National Academy of Music, Bui Cong Duy, has just claimed that the British trombonist Christopher Trinnaman is not working at the academy.

 

UN Day of Vesak 2019 wraps up, conversing compassion

The 16th UN Day of Vesak 2019 wrapped up at Tam Chuc Pagoda in Kim Bang district, northern Ha Nam province, on May 14, with the adoption of the Ha Nam Declaration.

Transaction limits for e-wallets should be appropriate: experts

Transaction limits for e-wallets should be set at appropriate levels to encourage cashless payment amidst an anticipated boom of e-commerce in Vietnam, experts have said.