Singapore’s United Overseas Bank licensed

 Deputy chief inspector of the State Bank of Vietnam Pham Huyen Anh on Tuesday granted business licence to the Singapore’s United Overseas Bank Limited (UOB).


Social News 27/9

Vietnam strives to be paid for emissions reduction efforts, Largest private hospital operates in Da Nang, Bird flu occurs in Kon Tum Province, Global ICT Challenge for Youth with Disabilities

BUSINESS IN BRIEF 27/9

 Overnight interest rates hit two-month high, Aquatic products expected to rake in US$9 billion by 2020, Khanh Hoa doubles size of its SEZ, Vietnam’s automobile sales falls despite attractive discounts     

Petrol ship explodes in Hai Phong

 Relevant authorities are taking measures to safely pump petrol out of a cargo ship that exploded last week in northern port Hai Phong City.

President Tran Dai Quang meets ABAC Vietnam leaders

President Tran Dai Quang has urged the APEC Business Advisory Council in Vietnam to join hands with relevant agencies and organisations to thoroughly prepare for the APEC Economic Leaders’ Week slated for November in Da Nang. 

Vietnam, Australia hold foreign affairs, defence strategic dialogue

The fifth foreign affairs and defence strategic dialogue at the deputy ministerial level between Vietnam and Australia was organised in Canberra on September 27.

Hanoi's Old Quarter before the Mid-autumn Festival

Streets in Hanoi’s Old Quarter are full of colours as the Mid-autumn Festival nears.

“Pattern Story”talk, workshop about Thai fabrics

The event “Pattern Story” including an antique Thai fabrics showcase, talk, embroidery workshop and weaving experimentation will be held from September 30 through October 8 in Hanoi.

Exhibition “West Lake” by Hungarian artist in Hanoi

VietNamNet Bridge – Hungarian painter Anna-Maria Ory’s exhibition “West Lake” will be held at the Dong Phong Art Gallery, 3 Ly Dao Thanh Street, Hoan Kiem District, Hanoi from October 1 to 30.

Attitudinal shift

Views among Vietnamese consumers towards brands, both local and foreign, continue to change over time.

Golden Lotus Bud Awards kick off

 Nominations for the 2017 Golden Lotus Bud Awards have been announced for three categories - short films, teen films and documentaries.

Officials clear abandoned warehouse in Quang Binh

 Central Quang Binh Province officials today began clearing an abandoned warehouse storing toxic chemicals that was discovered after typhoon Doksuri swept through the locality in mid-September.

More storms to hit East Sea

 Some four to five storms and tropical depressions are forecast to appear on the East Sea from October to this year-end, according to the National Hydrometeorological Forecast Centre.

Vietnam spends billions of USD a year to import drugs

With limited manufacturing capability, Vietnam has to import 55 percent of drugs it needs every year.

Vietnam focuses on sustainable tourism development

Developing sustainable tourism in combination with preserving and promoting national cultural values, and protecting landscapes and the environment is among targets set in Vietnam’s master plan on tourism development by 2020, with vision to 2030.

HCM City to bolster waterway tourism

 HCMC will soon open seven more waterway routes and implement projects to build wharfs and boat stops to continue developing waterway tourism.

A 50-year-old lantern making area in HCM City

Many high-skilled craftsmen in Phu Binh Parish in District 11 have tried to preserve the 50-year-old traditional lantern making village. 

PM calls for foreign support for Mekong Delta development

PM Nguyen Xuan Phuc met with foreign diplomats in Vietnam attending the Conference on Sustainable and Climate-Resilient Development of the Mekong Delta in Can Tho on September 27, calling for more support from foreign countries for the delta. 

An Giang to display over 1,000 ancient artefacts of Oc Eo culture

 An exhibition featuring more than 1,000 ancient artefacts of Oc Eo culture will be displayed in the Mekong Delta province of An Giang from September 29-October 30.

Trang An landscape complex features outstanding universal values

Trang An landscape complex has met the criteria of UNESCO on outstanding universal values of World Heritage, for this reason, the complex has been officially recognised as a World Cultural and Natural Heritage.

Vietnam health ministry under inspection for licensing fake drug imports

The Vietnamese government has begun conducting an inspection of the Ministry of Health for granting licences to the drug company VN Pharma to import and then distribute counterfeit cancer medication.

Vietnam moves up global competitiveness list

 The World Economic Forum’s latest Global Competitiveness Index (GCI) presents a mixed picture for East Asia and the Pacific, with big gains by Vietnam, Indonesia, and Brunei Darussalam and demotions for some others.

Mai Linh reports loss of 6,000 employees in first half

 In the race for market share between traditional taxies and Uber and Grab, along with Vinasun, Mai Linh Group also saw a decrease in employees and net revenue in the first half of this year, according to newswire Vnexpress.

Vingroup appoints foreign CEO for VinFast

 Vingroup officially appointed James B. Deluca, the former executive vice president of General Motors’ (GM) global manufacturing operations, as CEO of VinFast on Monday.


State capital divestment from Sabeco and Habeco discussed

  State capital at the two brewers, Sai Gon Alcohol-Beer-Beverage JSC (Sabeco) and Ha Noi Alcohol-Beer-Beverage JSC (Habeco), may soon be transferred to the State Capital Investment Corporation (SCIC).