Vietnam wants more support from IMF: Party official

Vietnam hoped that the International Monetary Fund (IMF) will continue cooperating closely with the country and provide it with more assistance, training and policy consultancy, a senior Party official has said.

 

Logo design contest for ASEAN Year 2020 launched

A design contest for the logo of the ASEAN Year 2020 was launched in Hanoi on April 18.

 

Industrial property boosts appeal to investors

A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.

 

Ha Nam province to host Vesak 2019 this May

Vesak 2019, or the 16th United Nations Day of Vesak (UNDV), will be celebrated at the Tam Chuc Buddhism Culture Centre, Kim Bang district, Ha Nam from May 12-14, marking it as the third event of its kind to be held in Vietnam.

 

Vietnam's National Assembly Chairwoman affirms Vietnam’s ties with US

National Assembly Chairwoman Nguyen Thi Kim Ngan affirmed Vietnam’s external policy of treasuring ties with the US during a reception in Hanoi on April 18 for US Senator Patrick Leahy, Vice Chairman of the US Committee on Appropriations.

 

The most powerful families in Vietnam’s banking sector

Techcombank (TCB) and VP Bank (VPB) are now the two biggest private banks in Vietnam, while the families of Ho Hung Anh and Ngo Chi Dung, the biggest shareholders of the banks, are the most powerful families in the banking sector.

Rearranging retail via M&A

Mergers and acquisitions are on the upswing in the crowded Vietnamese retail market, bolstered by local retailers expanding their presence amid fierce competition.

 

BUSINESS NEWS 19/4

Three large-scale projects to kick off in Can Tho in Q2

 

Foreign investors dominate Vietnam’s leading firms

With the growing participation of foreign players in Vietnam's financial market, big international names are gradually dominating Vietnamese leading brands.

Opportunities open for Vietnamese players at K League

Vietnamese players are being offered a better chance to compete in the K League as the Korean professional football league announced on April 18 that it will increase its quota for players from Southeast Asia starting next year.

 

Labour ministry to recruit 4,000 Vietnamese to work in RoK

Nearly 4,000 Vietnamese labourers working in the manufacturing, construction and fishery sectors will be recruited to work in the Republic of Korea (RoK) under the Employment Permit System (EPS) programme.

 

Vietnam, US talk collaboration in airport infrastructure development

The US Consulate General in Ho Chi Minh City on April 18 held a workshop on boosting Vietnam-US cooperation in airport infrastructure development in Vietnam, gathering 80 representatives of the public and private sectors of both nations.

 

Yonhap inaugurates Southeast Asian office in Hanoi

The Yonhap News Agency of the Republic of Korea (RoK) inaugurated its Southeast Asian representative office in Hanoi on April 18.

 

Scitech review: Vietnam to use nuclear technology to trace pollutant sources

Nuclear and isotope techniques are being used in water sources treatment, pollutant tracing, and environmental treatment.

Coach fares in HCMC to rise 40% during upcoming holidays

 Coach operators at Mien Dong Coach Station and Mien Tay Coach Station will revise fares upward by 40% for trips from HCMC on the upcoming holidays of Reunification Day (April 30) and International Labor Day (May 1).

 

Water resource ceremony of the Ede

The Ede ethnic minority people think that every water resource is managed by a genie. After each harvest and before each new crop, the Ede thank their water genies for blessing them with good weather and lots of luck. 

 

Many school physical abuse cases never brought to light

Instead of suing the culprits, denouncing abusers to agencies, or seeking support from the community, victims of school physical abuse tend to conceal the cases and keep everything secret.

China’s tightened controls jeopardize farm exports

China’s stricter requirements for packaging and origin traceability for agricultural products exported to its market will take effect from May 1, making it more difficult for Vietnam to ship its produce to China through informal channels.

 

Using fast weight loss product might pay with life: doctors

Doctors are warning people to stay away from weight loss drugs promoted on social media websites.

Interactive art exhibit about pollution, traffic opens next week

Visual artist Uu Dam, known as UuDam, will be displaying his art in an interactive installation at Galerie Quynh in HCM City beginning on April 19.

Vietnam’s e-commerce market set to become second largest in ASEAN by 2025

With 40% of the population below the age of 24 and their greater propensity for digital technology, many of these younger consumers are driving the rapid expansion of Vietnam’s e-commerce market.

Japanese singer dedicates to Trinh Cong Son music

Eighteen years after Trinh Cong Son’s death, Japanese singer Tokiko Kato finally was able to visit Vietnam to perform in a concert that marked the late composer’s death anniversary. 

HCM City’s underground parking projects progress at a snail’s pace

To have more parking place, HCM City has mapped out many underground parking lots. However, most of these projects remain on paper.

VN's industrial zones in red alert over fire prevention

Although the damage wrought by the inferno at Formosa in Taiwan has not been assessed yet, it is sounding the alarms for all its facilities across the world, including Vietnam, which was also shaken by two heavy factory fires this month.

 

Taxi firms risk misleading consumers

 Traditional taxi operators in Vietnam are being ­accused of unfair anti-competitive practices against ride-hailing firm Grab, as they attempt to compete against the latter’s expansion in the country.