Monopoly worries IT businesses

 The Investment and Trade Promotion Center of HCM City and the city’s Department of Information and Communications on September 18 jointly organized a discussion session between ICT businesses and the municipal authorities.

Behind the glee of no tuition fee

 It comes as good news for many parents in HCMC when the municipal government says all children at public schools will be exempted from tuition fees up to the ninth grade, effective from this school year. 

Hue’s five iconic garden houses get facelift

 More than 3.6 billion VND (nearly 155,180 USD) has been spent to restore five “nha ruong” (old garden houses built with wooden beams and pillars) in Phuoc Tich ancient village, the central province of Thua Thien-Hue.

Vietnam sets to lift foreign ownership cap in aviation industry

 The government has planned to increase foreign shareholding in Vietnamese airlines in a move to seek more investment to meet the country’s rapidly growing air transport demand.

Vietnam to complete eastern section of north-south expressway project by 2021

 The transport ministry has completed the feasible study of the project`s eastern section with length of 654 kilometers and investment capital of VND118.71 trillion (US$5.07 billion).

IFC seeks to unload US$350-million stake in Vietnam’s major bank - report

 IFC`s 8% stake in VietinBank is now valued at nearly US$350 million.

Japan NSSBC buys 10.5% stake in Vietnam steel processor QH Plus

 Vietnam`s consumption of construction steel was expected to continue growing, and the market was attractive to investors.

$8.6 billion worth of overseas outsourcing received in 2016

 Textiles and garments and footwear led in outsourcing jobs, according to first investigation of outsourcing conducted by GSO.

Vietnam grows into ASEAN startup hub

 Many Vietnamese young people’s great passion for business and novel, feasible ideas, which are attracting interest from foreign investors, are contributing to turning Vietnam into an incubator for high-potential startups. 

Future of tourism is here

 Applying technology to tourism enables visitors to book flights, hotels and attractions’ tickets while searching for places to enjoy local food without support from travel agencies. 

Vietnam expected to continue to outperform Southeast Asia

Country's economic performance to be above regional trend, according to ICAEW's latest "Economic Insight: South-East Asia" report. 

Tran Anh officially delists from Hanoi Stock Exchange

Merging with Tran Anh may have been a big mistake by technology retail giant Mobile World, as the Hanoi Stock Exchange has just announced approving its decision to delist from the stock exchange.

Cab driver helps mum-to-be to give birth en route to hospital

 A cab driver in the central province of Ha Tinh had helped a mum-to-be to give birth in the cab on the way to hospital.

Man gets hospitalized after injecting penis with silicone

 A 30-year-old man in the Mekong delta province of Ca Mau had been taken to the Can Tho General Hospital as he reportedly injected silicone into his penis after being told that it could enlarge his penis.

Banks collect around $2.5 billion bad debts in first six months

 According to the Central Bank of Vietnam, in first six months of the year, commercial banks have collected VND58,800 billion ($2.5 billion).

Vietnam’s sugar industry in the worst slump of the last 15 years

VietNamNet Bridge - With profits down and inventory up, sugar companies are in their most difficult period of the last 15 years.


Floodwaters seen rising in Mekong Delta

 Floodwaters in the Mekong Delta region are forecast to surge in the coming days, threatening major dykes, according to the southern weather center. 

Smartphone export revenue surpasses US$31b in eight-month period

 Revenue from exports of smartphones and their components skyrocketed in the first eight months of this year, amounting to US$31 billion, shows data from the General Department of Vietnam Customs.

Vietnam committed to reducing greenhouse gas emissions: official

 Vietnam has actively implemented the Montreal Protocol and measures to reduce greenhouse gas (GHG) emissions to preserve the ozone layer, earning international recognition.

Milestones in Vietnam-Japan relations

 Vietnam and Japan have become important partners of each other since they established diplomatic ties 45 years ago (September 21, 1973).

PM approves road linking Noi Bai-Lao Cai Expy and Sapa

The Prime Minister has approved the construction of a road connecting the Noi Bai-Lao Cai Expressway and Sapa Town in Lao Cai, with estimated total investment capital of VND2.5 trillion.

Consumer finance growth cooling down to mitigate risks

 Local consumer finance firms have been slowing down development through tightening internal management processes and customer selection, aiming for a more sustainable growth path.

Telecom, retail sectors face far-reaching digital transformation

 Several sectors, including telecommunications, retail and financial-banking, have been greatly affected by digital transformation, according to a technology conference held in HCMC on September 20.

New wave of technology firms and co-working operators start

 Vietnam has been seeing a new wave of technology firms and co-working operators, creating new opportunities for the real estate industry.

A smarter grid for renewable energy needs

 Balancing variable power supply and demand has always been a challenge, but as the renewable share of total generation in many countries is growing, this challenge is becoming more critical.