Foreign investment streams accelerate bank restructuring

Over the last thirteen months, the volume of foreign investment injected into Vietnam-based financial institutions (FIs) not only bolstered M&A in the finance-banking sector, but also sped up the restructuring process at FIs.

Miss International Transgender to fight for LGBT rights in VN

Fending off 26 competitors from different parts of the world, Nguyen Huong Giang was crowned “Miss International Queen” at one of the world’s top beauty pageants for transgender women. Giang speaks about her plan to fight for the LGBT community.

Jobless rate among university graduates falls

 Due to robust economic growth, the country’s unemployment rate, especially among higher-education people, last quarter decreased significantly compared to the previous quarter and the same period in 2016.

Co-living to be new residential trend in Vietnam?

 Apart from co-working spaces which have already taken root in Vietnam, the market is now expected to receive the co-living trend—a new trend of sharing living space.

Billionaire: a 'national brand'

Today, the position of each nation does not only depend on the richness of its historical and cultural traditions. The leading factor now is its economic potential, including two sides, wealthy people and a strong country.

Italian tourists join biking tour to promote Vietnam’s tourism

 Four Italian nationals last Thursday wrapped up their 24-day Vietnam trip, including a 1,000-kilometer-plus biking tour stretching from the former imperial city of Hue to Vung Tau Province to promote Vietnam’s tourism image to Italian people.

Thanh Le pottery exhibition opens at book street

 An exhibition on Thanh Le pottery opens at Ho Chi Minh City Book Street from March 19-25.

Designer Minh Hanh named Knight of the Order of the Star of Italy

One of the Vietnamese leading fashion designers, Minh Hanh, was conferred with the medal of Knight of the Order of the Star of Italy on March 16 in Hanoi.

Social News 20/3

Deputy PM urges ministries to investigate four vehicle accidents on expressway, Quang Tri border guards bust trans-national drug ring, Entertainment activities suspended for Former Prime Minister’s mourning days

VN’s Ambassador to RoK talks about VN-RoK relations

Vietnamese Ambassador to the Republic of Korea Nguyen Vu Tu speaks about Viet Nam-RoK relations on the occasion of the RoK’s President Moon Jae-in’s State visit to Viet Nam from March 22-24. 

Quang Nam to investigate massive fish death

 VietNamNet Bridge – The Quang Nam Province authorities and a local gold mining company are probing if a rupture in the wastewater dam triggered the massive fish deaths in two rivers some days ago.

'Banh Da Ke' – Simple flavourful snack of Hanoians

 Banh da ke (millet rice cracker) is a flavourful snack enjoyed by Hanoians which is a harmonious taste of the crispness of the rice cracker, the aroma of millet, and the sweetness of sugar and mung bean puree.

Hanoi, Quang Ninh Coal share two top spots

The V-League 2018’s second round saw Hanoi FC and Quang Ninh Coal share the two top spots, with the maximum of six points after two rounds. 

Park Hang-seo calls up 13 Vietnam U23s to national team

 Park Hang-seo has placed great faith in young players, calling up 13 players of the Vietnam U23 team for the next meeting of the Vietnam men’s national team on March 23.

Navibank officials get up to 13 years in jail for scam

Ten former Nam Viet Commercial Joint Stock Bank officials, who were indicted for “deliberately violating State regulations on economic management, causing serious consequences”, were sentenced to seven to 13 years in jail 

Cold wave from China to grip northern VN

 Cold air from China is approaching Viet Nam and is likely to have a direct impact on the northern and central provinces, the Central Hydro-Meteorological Forecast Centre has reported.

Chinese tourist cars allowed in Ha Long City

 The People’s Committee of northern Quang Ninh Province has allowed cars driven by Chinese nationals to enter Ha Long City through Mong Cai border gate for tourism purposes.

Trial on wrongdoings in PetroVietnam’s investment in OceanBank

 Trial on wrongdoings in PetroVietnam’s investment in OceanBank

More Vietnamese startups choose other countries to set up headquarters

Repeated warnings have been given in the last two years about the growing tendency of Vietnamese registering businesses in other countries such as Singapore and Thailand.

Former NA official urges support of wealthy people who can help VN’s development

“Let’s support the rich who are talented and whole-hearted, who can help the country’s development,” said Dr. Nguyen Sy Dung, former vice chairman of the National Assembly Office, about Vingroup, the largest private economic group in Vietnam. 

State funeral held for former PM Phan Van Khai

 The funeral for former Prime Minister Phan Van Khai who passed away in Ho Chi Minh City on March 17 started at 8am on March 20 at the city’s Thong Nhat Hall.

Sabeco rebuffs State Audit’s allegation

Sabeco refuted the state audit’s allegations about its violations in the management of its operations and investing activities before it sold a stake for the foreign partner.

Three telcos gained $62 million from Vietnam's largest gambling ring

 The Ministry of Public Security (MoPS) has just announced that three telecommunication companies (Viettel, Vinaphone, and MobileFone) earned VND1.4 trillion ($62 million) from the gambling ring led by former C50 director general Nguyen Thanh Hoa.

Bad debts and risk provisions remain on top of banks’ agenda

 Throughout the annual general shareholders’ meeting (AGM) season, bad debt resolution and hefty risk provisions were the most worrisome issues emerging in the banking sector in since the beginning of 2017.

Torrential foreign investment flows into Vietnam

 Over the past 15 months, foreign investment inflows to Vietnam were growing in scale and took on diverse forms to tackle an increasing number of sectors, adding to the market’s “charisma” in the eyes of potential foreign investors.