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Microsoft to support Vietnam in cybersecurity and IT infrastructure development

 Vietnam’s economy is growing at a rapid rate and attracting most of world’s leading IT companies, including Microsoft.

Some gaur individuals seen in Quang Binh's forest

On January 15, some residents in Quang Binh Province’s Le Thuy District said that they had seen some gaur (Bos gaurus) individuals seeking for food near An Bai and Ha Lec villages.

Transport Minister thanks old man who repairs potholed streets for years

 Transport Minister Nguyen Van The sent a thank-you letter to an old man in the Mekong delta province of An Giang who has diligently repaired potholed streets for years.

Vietnamese enterprises seek ways to enter foreign markets

 In order to approach choosy markets more easily, Vietnamese enterprises have entered foreign markets by merger and acquisition methods, buying factories or stakes of foreign firms in their countries.

Over US$8.3 billion pumped into industrial and economic zones in Vietnam

 Nationwide industrial and economic zones attracted over US$8.3 billion in foreign direct investment in 2018, according to a source from the Ministry of Planning and Investment.

Thai and Indonesian auto suppliers overwhelm Vietnamese market

 Vehicles completely built-up in Thailand and Indonesia held a combined ratio of 89% of the total vehicle imports to Vietnam in 2018, according to Vietnam Customs.

Grab appeals court ruling over compensation to Vinasun

 Ride-hailing firm Grab Vietnam has filed an appeal against the ruling of the HCMC People’s Court ordering it to pay VND4.8 billion (US$207,100) in compensation to Vinasun, an HCMC-based taxi operator.

Bamboo Airways’ inaugural flight takes off today

 Bamboo Airways, a subsidiary of property developer FLC Group, launched its maiden flight between HCMC and Hanoi City today, January 16, officially making it the fifth Vietnamese airline, the local media reported.

Petrol stations launch self-service in HCM City

HCMC on January 15 saw 11 gas stations operated by Petrolimex Saigon rolling out self-service, which allows motorists and drivers to refill their own vehicles and make card payments, the local media reported.

Vietnam likely to have 5th local air carrier

 Vietnam will likely have a fifth air carrier in the years to come as local tour operator Vietravel looks to develop its own carrier, called Vietravel Airlines.

Vietnamese consumers remain hesitant to make noncash payments

 High transaction fees, concerns over security and the habit of using cash have hindered local consumers from making noncash payments, Nguoi Lao Dong newspaper reported, citing banking experts.

Vietnam’s coffee industry in danger as farmers shift to other crops

VietNamNet Bridge - Many farmers have chopped down coffee trees and shifted to durian and fruit trees after incurring big losses with coffee farming.

Nearly 900 traffic monitoring cameras installed in HCMC

 The Traffic Control and Monitoring Center in HCMC will put into operation 762 cameras to monitor traffic and 136 cameras for measuring traffic density in the city, in an attempt to reduce traffic congestion and accidents.

2018 ICT revenues reach almost US$100 billion

 Vietnam’s total revenue from information and communications technology (ICT) in 2018 reached an estimated US$98.9 billion, according to data released at a meeting yesterday by the Ministry of Information and Communications.

Vietnam entitled to steep tariff cuts by CPTPP partners

Other members of the CPTPP have pledged to cut some 77%-100% of tariff lines on Vietnamese ordinary goods, news site Vietnamplus reported, citing a statement from the Ministry of Industry and Trade.

Vietnam Airlines captain under probe for smuggling

 Police in HCMC’s Tan Binh District on January 15 said in a statement that they had launched an investigation into suspected perfume smuggling by a 35-year-old captain of Vietnam Airlines.

History Museum displaying shipwreck artifacts

 The largest-ever exhibition of 500 artifacts from sunken vessels dating from the 15th to 18th century will take place at the Vietnam National Museum of History from January 18 to May 18.

A better class of investment

 Vietnam is certain to see better-quality foreign investment under the CPTPP.

Vietnamese banks prepare for Basel II standards

VietNamNet Bridge - Vietcombank and VIB Bank have become the two first Vietnamese banks which have received approval from the State Bank of Vietnam (SBV) to apply Basel II standards.


Watsons launches the first store in Vietnam

 Watsons, the leading health and beauty brand in Asia and Eastern Europe, is opening its first store at Ho Chi Minh City's Bitexco Tower on January 17, marking its official entry to the Vietnamese market.