Dialogue on ASEAN-Italy Economic Relations to be held in Hanoi

 The third High-level Dialogue on ASEAN-Italy Economic Relations is scheduled to be held in Hanoi on June 5-6, 2019.

French festivals in Hanoi and Ho Chi Minh City

 The recent French festivals in Hanoi and Ho Chi Minh City spread messages of the close-knit friendship and cooperation between Vietnam and France.

Vietnam’s e-commerce forecast to boom

 Vietnam’s e-commerce market is predicted to boom in the near future, given that 53 percent of the population uses the internet and nearly 54 million people use smartphones. 

Vietnam becomes member of UN Commission on International Trade Law

 Vietnam has for the first time become a member of the United Nations Commission on International Trade Law (UNCITRAL), singing up for a six-year term.

Oil portrait of coach Park Hang-seo to be auctioned

 The oil painting “My teacher” which portrays head coach of the Vietnamese national football team Park Hang-seo will be auctioned at Chon’s Auction House in downtown Hanoi on December 30.

Many bright spots seen in Vietnam’s economy this year: experts

 The likely gross domestic product (GDP) growth rate of 6.8 percent and improved business climate are among the highlights of Vietnam’s economy in 2018, experts said.

Japanese goods make their own way to enter Vietnamese market

 The Vietnamese market has seen an increasing amount of Japanese goods winning locals’ predilection.

Vietnam holds nationwide cyber-attack drill

 One hundred teams from across Vietnam are taking part in a biggest ever cyber-attack drill, which runs in Hanoi, Da Nang and Ho Chi Minh City from December 18 to 21.

Party expels nearly 51,000 members over seven years

 The CPV has expelled 50,938 members during the 2011-2017 period, of whom 38,519 were removed from the Party rolls for wrongdoings and 12,499 were expelled from the Party as punishment.

Hotlines to receive corruption-related information set up

 The Government Inspectorate’s bureau for corruption prevention and combat on December 18 issued a document announcing the establishment of hotlines and email receiving information on cases having signs of corruption.

Former Director General of PVEP arrested

The Investigation Police Agency under the Ministry of Public Security has issued decisions on prosecuting and detaining Do Van Khanh, former Director General of the PetroVietnam Exploration Production Corporation (PVEP). 

Hanoi to invest trillions of VND to upgrade medical establishments

 Hanoi will invest around $85.6 million in 2019 and 2020 to upgrade medical establishments in the city, thus improving medical care quality for residents.

Local brokerages face fierce foreign competition

 Local securities companies are facing stiff competition from their foreign rivals, especially in the race for capital.

ACB to issue $96.6m in unconvertible bonds

 The Asian Commercial Joint Stock Bank (ACB) on Monday announced a plan to issue VND2.2 trillion (US$96.6 million) worth of non-convertible bonds by the end of 2018.

Social News 18/12

PM sets deadlines for transport projects in south, Nguyen Thi Phuong Lan crowned Miss Student 2018, Vietnam makes great strides in promoting gender equality, Agribank agency director commits suicide

Int’l artists to gather in Hanoi for Cello Fundamento Concert

 Nine European and Asian artists will perform together at an annual international chamber music concert at the Hanoi Opera House on December 19.

Banks sprinting to implement capital increase plans

VietNamNet Bridge - Commercial banks only have one month to implement business plans set earlier this year and raise charter capital to meet international standards.

Sun Group opens the first five-star hotel in Sapa

VietNamNet Bridge – One of Vietnam’s largest estate developer Sun Group has launched the first five-star hotel named Hotel de la Coupole - MGallery by Sofitel in Sa Pa, a mountainous realm of awe-inspiring beauty of Vietnam.

South Korean visitors to VN to rise to 3.3 million

 The number of South Korean tourists to Viet Nam is expected to rise by 30 per cent this year to reach more than 3.3 million, the second largest tourist market in the country behind China.

HCM City to host flower street in seven days during Tet holiday

 Travel company Saigontourist won the bid to embellish Nguyen Hue Flower Street.

Nissan terminates joint venture with distributor Malaysia’s Tan Chong in Vietnam

 Tan Chong, which is the exclusive distributor of Nissan vehicles in Malaysia, did not give any reason for the notice of termination.

1.7 million sq.m of apartment in Hanoi remain downgraded

 Some apartment blocks which were built under the French colonialism are no longer safe for living and might collapse at any time.

Vietnam spends over US$1.6 billion importing cars

 Thailand and Indonesia continued to be Vietnam’s main car import markets to date, notably 52,170 cars were bought from Thailand worth US$1.04 billion.

Vietnam urged to take actions for seizing investment from China

 The Vietnamese business environment can be improved by increasing productivity as well as reducing costs and business risks.

Vietnam tops major ASEAN economies in 2018: HSBC

But the potential negative impact of trade tensions on global growth would be more detrimental for Vietnam.