Update news MPI

Banks’ interest rate war could hurt economy

VietNamNet Bridge - Economists have voiced their concern about the new bank deposit interest rate war, saying this would affect the national economy recovery.

National Assembly's deputies propose to ease luxury tax on cars

VietNamNet Bridge - National Assembly deputies, when consulted by the Finance & Budget Committee about the luxury tax law amendment, have proposed to lower the tax on cars.

Candidates for Vietnam's 2nd billionaire position

Many Vietnamese businessmen have the asset value estimated in 10 digits and they all could be the second Vietnamese dollar billionaire. The first one, internationally recognized, is Pham Nhat Vuong, president of Vingroup, a real estate developer.

Foreign investors eye Thu Thiem's prime real estate

VietNamNet Bridge - International investment funds are preparing billions of dollars to hunt for land in Thu Thiem area in HCM City to develop long-term real estate projects. The average land price is $3,000 per square meter.

Japan to sell more goods via convenience stores

VietNamNet Bridge - Convenience store chains which have been expanded in Vietnam will serve as the important channel for Japanese manufacturers.

US, Russia compete for investment opportunities in Vietnam

The US economic presence in Vietnam has been increasing steadily since the normalization of Vietnam-US relations since the 1990s. Russia, which was once the largest trade partner of Vietnam, has also returned.

Manufacturers become ‘hired workers’ for distribution chains

VietNamNet Bridge - Many manufacturing enterprises have lost their brands and the market, becoming outsourced workshops for retailers.

Vietnamese-born world-famous engineers graduated from MIT

VietNamNet Bridge - A number of famous Vietnamese-born engineers have received their education from MIT (Massachuset Institute of Technology).

VN's rice supply may decrease due to drought and saline intrusion

VietNamNet Bridge - Opinions vary about the rice supply in the context of the serious drought and saline intrusion in the Mekong River Delta, the rice granary of Vietnam. 

Water source for Da Lat City compromised

Dankia-Suoi Vang Lake, a famous beautiful site in the tourism city of Da Lat, has been repeatedly compromised, causing big impact on the natural landscape and water supply for Da Lat City and Lac Duong district of Lam Dong province.

Vietnamese banks prefer borrowing from foreign banks to domestic sources

VietNamNet Bridge - The dollar deposit interest rate in Vietnam remains at zero percent, but commercial banks are still trying to borrow dollars from foreign banks.

Vietnam’s plastics industry could fall into foreigners’ hands

VietNamNet Bridge - At least $5-6 billion is the budget Thai SCG plans to spend on merger & acquisition (M&A) deals in Vietnam from now to 2020.

Vietnam’s foreign exchange reserves reach record high

VietNamNet Bridge - The national foreign exchange reserves have reached $40 billion, the highest level so far, a source from the State Bank of Vietnam (SBV) said March 24.

Vietnam’s real estate market a magnet for foreign investors

Two huge merger & acquisition (M&A) deals were made just in the first three months of the year. The foreign direct investment (FDI) flow into the real estate sector exceeded $2 billion by the end of 2015.

When will Vietnam switch off 2G?

VietNamNet Bridge - Some mobile network operators have proposed to take back 2G network frequency to pave the way for the development of 4G network. However, some analyst say it is still too early.

More students attend private day-boarding classes

Since the development of new schools cannot catch up with the population increase, HCM City is seriously lacking schools. Because of this, parents have to enroll their children in privately run day-boarding classes.

Bad debt at VAMC is actually double the bad debt on books

VietNamNet Bridge - The bad debt ratio of the banking system has been reported as dropping to 2.9 percent. However, the figure does not truly reflect the bad debt panorama.

Government rushes to borrow money for spending

VietNamNet Bridge - The government plans to borrow VND116 trillion this year to cover ispending, as a report to the National Assembly shows a budget deficit.

iPhone SE not seen as a must-buy as it is inexpensive

VietNamNet Bridge - Many Vietnamese have expressed their disappointment about the newly marketed iPhone SE. Distributors think iPhone SE won’t cause a buying ‘fever’. 

Nghi Son asks to loosen requirements on petrol product quality

VietNamNet Bridge - The national oil and gas group PetroVietnam has said it does not want to be responsible for the consumption of Nghi Son’s products which cannot meet the Euro 4 emission standard.