Foreign giants eye petrol distribution market share

Foreign petrol distributors have set foot in the Vietnamese market, but they will have to confront Petrolimex, the giant which holds 50 percent of market share, and other rivals. 

Bad debt ratio at 2.3 percent by end of 2017

 Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.

Five Vietnamese female scientists win L'Oreal-UNESCO awards

 Five Vietnamese female scientists were granted the 2017 L'Oreal-UNESCO awards at a ceremony in Hanoi on January 12.

Indonesia to import rice from Vietnam to curb price hikes

 Indonesia will import 500,000 tonnes of rice from Vietnam and Thailand to contain rice price hikes and declining supply in the local market, said Indonesian Minister of Trade Enggartiasto Lukita.

Vietnam, Japan enhance friendship exchanges

 Vietnam and Japan should increase significant friendship exchanges on the occasion of the 45th anniversary of bilateral diplomatic ties (1973-2018), especially the Vietnam-Japan Cultural Festival in HCM City.

Budget, language constraints hinder InfoSec project

 Funding shortages and foreign language deficiencies have hindered the nation’s efforts to strengthen information security in the digital era, experts said.

Phia Oac-Phia Den National Park set up to protect biodiversity

 Deputy Prime Minister Trinh Dinh Dung has just signed a decision on the establishment of Phia Oac-Phia Den National Park in the northern mountainous province of Cao Bang to preserve typical ecosystem and biodiversity.

Agriculture gets nuclear boost

Le Duc Thao, Director of the Department on Advantages and Disadvantages of Mutation at the Agriculture Genetics Institute, talks to the newspaper Lao dong about the application of nuclear technology

HCM City gets serious about parking

 The People’s Committee of Ho Chi Minh City has sent an urgent message to 24 districts to shut down most parking lots using pavements by the end of March.

Contemporary dance to be performed at Hanoi Opera House

 Artists from the Vietnam National Opera and Ballet (VNOB) will perform classical and contemporary works at Hanoi Opera House on January 18.

Trinh Xuan Thanh to stand trial in PVP Land asset embezzlement case

 The Hanoi People’s Court has decided to bring Trinh Xuan Thanh and his accomplices to trial involved in “asset embezzlement” case at the PetroVietnam Power Land JSC (PVP Land) on January 24. 

Japanese firms seek more staff

 Japanese companies in Vietnam are seeking more personnel, especially at the managerial level, as investment from Japan has risen greatly in recent years.

Exhibition on Mau Than Offensive opens

 A photo exhibition about the Mau Than Offensive in Spring 1968 has opened at the Ho Chi Minh City Photography Association as part of the city’s cultural activities to celebrate the 50th anniversary of the event.

Mechanical sector stuck at industry 2.0, needs drastic reform

 Vietnam’s mechanical sector needs radical reform despite its recent progress in quality and output, experts and policymakers agreed.

Park to fix Vietnam’s problem ahead of Australia clash

 Park Hang-seo is worried about the physique of his Vietnamese players when they play Australia in their second match at the Asian Football Federation U23 Championship in Kunshan, China, on January 14.

Nominations open for Devotion Music Awards

 Music reporters gathered in Hanoi and Ho Chi Minh City to select the nominees for the annual musical awards by the Vietnam News Agency’s The Thao & Van Hoa (Culture & Sport) newspaper.

PM chairs meeting with Vietnam-Laos Cooperation Committee

 Prime Minister Nguyen Xuan Phuc chaired a meeting with the Vietnam-Laos Cooperation Committee, relevant ministries and sectors on January 13 to discuss the implementation of the cooperation agreement with Laos last year and plans for 2018.

Where to from here?

 Mr. David Cruickshank, Deloitte Global Chairman, discusses what’s needed for Vietnam to move forward in global trade and investment.

Vietnamese seen traveling abroad in droves during Tet holiday

 Many Vietnamese tourists prefer travelling overseas, mainly to Taiwan, Japan and South Korea, during the upcoming Lunar New Year holiday, or Tet, and the number of buyers of outbound tours has increased by 15-30% compared to last Tet.

Prominent business events in 2017

VietNamNet Bridge - 2017 was the year the government demonstrated strong determination to support the development of enterprises. 

Industry 4.0 response has to happen in real life

Chu Ngoc Anh, Minister of Science and Technology, talks to Viet Nam News Agency about advantages that the fourth industrial revolution presents to the country and steps that need to be taken to tap them.

Naval soldiers head towards Truong Sa archipelago

Naval soldiers got on board for their mission in Truong Sa (Spratly) archipelago as Tet (Lunar New Year) is approaching, all showing their determination to fulfill their tasks.

VN opens up logistics sector to foreign companies

 Foreign investors will be given the go-ahead to set up logistics companies in Vietnam, but with conditions on ownership and services, according to Government Decree 163 on logistics services which will come into force on February 20.

Clearer skies ahead

Vietnam Airlines’ equitization now seems more likely to actually go ahead than it ever has previously.

Quarter of employees expected to quit if they get no Tet bonuses

 Around one-fourth of workers participating in a survey conducted by executive recruitment service provider Navigos Search said they would quit their jobs if they receive no bonuses for the upcoming Lunar New Year holiday, or Tet.