Funds suffer losses on poor market performance

 Over the past year, most investment funds in Viet Nam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.

Central bank issues roadmap for ATM card upgrades

 Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality.

VN central bank resumes dollar purchases to build up foreign reserve

The State Bank of Viet Nam (SBV) has resumed the purchase of US dollars from commercial banks after a six month break thanks to favourable conditions in the country’s foreign exchange market. 

Turkey conducting review on polyester imported from Vietnam

 The Turkish Ministry of Trade has announced it is conducting a final review on potential anti-dumping duties on textured polyester yarn imported from a number of countries, including Viet Nam.

More than 50 percent of IT companies need to recruit heavily in 2019

 Up to 53.6 per cent of information technology (IT) companies said they hope to increase their workforce by 10-30 per cent this year.

Vietnam's cassava industry faces big hurdles

 Cassava processors are facing difficulties due to a raw material shortage and, especially, tightening of overland imports and erection of barriers to imports of farm produce by China, their largest export market.

Inshore shipping routes prove competitive edge

 Shipping routes along the coast of Vietnam have played an increasingly large role in transporting goods from the north to the south of the country in recent years, helping ease the burden on road transport.

Candle market begins to sparkle as incomes rise

VietNamNet Bridge - More than 10 years ago, high-end hotels and resorts were the biggest consumers of candles. Now, the demand from middle-class consumers is increasing.


Government News 9/1

PM warns outdated technologies, calls for timely fixing of 4 environmental issues, Vietnam, Laos boost audit cooperation, VFF Central Committee convenes 9th conference, Vietnam, Japan enhance defence ties

VN beauties named among Missosology’s Timeless Beauty Top 25 semifinalists

H’Hen Nie, Minh Tu, and Phuong Khanh are the three Vietnamese girls to have been listed among the Top 25 semifinalists of the Timeless Beauty award by Missosology.

Train tourism promotion programme launched in Da Nang

 A cooperation agreement to promote a train tourism programme was signed between the SaiGon Passenger Transport JSC and the Da Nang Tourism Association of the central city of Da Nang on January 7.

Ministry announces Facebook’s violations in Vietnam

The Ministry of Information and Communications (MIC) is considering preventing cash flowing into hatred advertising on Facebook and collecting taxes to deal with the social network’s violations of laws in Vietnam.

Vietnamese player ranks among Asia’s top 15 footballers

 Vietnamese national football team’s player Nguyen Quang Hai has been named one of the top 15 best footballers in Asia in 2018 following a vote by Fox Sports Asia and Titan Sports.

Vietnam attends fourth Raisina Dialogue in New Delhi

 The fourth Raisina Dialogue, which kicked off in New Delhi capital city of India on January 8, is dealing with important issues facing the international community at present. 

VAR will be used at the V.League

 VietNamNet Bridge – The Video assistant referee (VAR) will be used in the national football league, the V.League 1, this season.

Vietnam among hottest destinations for US travelers in 2019

 Vietnam has been named among the top ten hot destinations for US travelers in 2019 by the US Tour Operators Association (USTOA).

Foreign media praise Vietnam’s performance against Iraq

 Right after the Vietnam-Iraq match at Zayed Sports City Stadium in Abu Dhabi of the United Arab Emirates, Fox Sport Asia said Vietnam suffered heartbreak as Iraq snatched last-gasp victory.

SCIC reports profits 52 percent higher than target

 The State Capital Investment Corporation (SCIC) reported after-tax profit of 8.25 trillion VND (356 million USD) in 2018, 52 percent higher than the annual target.

Medicinal herb cultivation yields profits for farmers

VietNamNet Bridge - Many households in Lam Dong province cherish the dream of developing medicinal herb growing areas to preserve precious remedies and improve their income.

Chess GM Liem wins Bay Area International

 VietNamNet Bridge – Grandmaster Le Quang Liem of Vietnam won California’s Bay Area International chess tournament which closed yesterday (Hanoi time).

Rock Symphony concert celebrates Opera House founding

 VietNamNet Bridge – The HCM City Ballet Symphony Orchestra and Opera (HBSO) will host the Rock Symphony at the HCM City Opera House tonight.

BUSINESS NEWS IN BRIEF 9/1

Vietnam sets higher targets in global supply chain, Danang aims to bolster hi-tech agrotourism, HCM City lures US$7.07 billion in FDI during 2018, Agricultural sector reaches peak levels in 2018

V-Rock 2019 to hit Hanoi

 Music fans in Hanoi will be enthralled by some amazing performances by Vietnam’s leading rock bands at V-Rock 2019, which will take place at the Bach Khoa stadium in Hanoi on January 12.

VN strives to erase maternal transmission of HIV, hepatitis B, syphilis

 The Ministry of Health (MoH) organised a workshop in Hanoi on January 8 to launch a national action plan on the eradication of mother-to-child transmission of HIV, hepatitis B and syphilis in the 2018-2030. 

"Wife abducting" custom criticised again after real abduction attempt

 The traditional ‘wife abducting’ custom of the H'mong ethnic group has been criticised after a recent case where three men tried to abduct a girl in Hoa Binh Province without her consent.