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Vietnamese automobile sector accelerates economy in 2018

 Besides record-breaking achievements, the automobile industry was a growth highlight of Vietnam’s economy in 2018, particularly with the introduction of a made-in-Vietnam branded car.

Bird sanctuary stands out in Ca Mau

 Inside the Cultural Park of Ca Mau city lies a breath-taking bird garden, drawing thousands of visitors to the country’s southernmost province. However, increasing pollution has threatened the survival of the local environment.

Vietnam’s economy: qualitative changes needed

VietNamNet Bridge - For a small-scale economy, high growth rates will not be enough to create big value, according to economist Tran Dinh Thien.

Knorr targets double-digit growth in VN this year

 Unilever’s food brand Knorr said it targets double-digit growth in the Vietnamese market this year.

Alpha King’s new cultural hub opens in HCM City

 Property developer Alpha King Real Estate Development on Friday opened its sales centre and cultural hub in HCM City’s District 1.

State banks ask for Gov’t support to raise capital

 Four large State-owned banks asked the Government to allow them to either retain their profits or pay dividends in shares rather than cash until 2020 to raise capital, enabling them to meet Basel II standards as required by the central bank.

Hanoi FC to compete in Leo Pre-season Cup

 V.League 1 defending champions Hanoi FC will compete in the Thailand’s most prestigious pre-season tournament next week.

CPTPP goes live in Vietnam

 Today the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, CPTPP, enters into force in Vietnam after going live on December 30, 2018 for six Pacific Basin countries.

Nam Dinh to host national wrestling event

 The northern province of Nam Dinh will host the National Wrestling Tournament on March 15.

Beer used to save patient from alcohol poisoning, doctors advise caution

 A doctor in the central province of Quang Tri has been receiving widespread praise for having used 15 cans of beer (five litres) to bringing a male patient back from the brink of alcohol poisoning.

Bamboo Airways to operate first flights from January 16

 Bamboo Airways, the fifth airline to launch in Vietnam, will start operating flights from January 16.

Catfish exports to reach $2.3bn

 The Vietnam Association of Seafood Exporters & Producers (VASEP) are optimistic about Vietnamese catfish exports in 2019, anticipating revenues of between USD2.2bn-2.3bn.

Australia to provide AUD 10 million to support innovation

 Australia has committed to providing AUD 10 million to help Vietnam strengthen the national innovation system.

Ministry to mull over measures against profit shifting

 The Ministry of Finance will scrutinize amendments to tax law policy in 2019, centred on some measures aimed at preventing base erosion and profit shifting (BEPS) and restructure tax revenue sources.

HCM City to deploy 70 traffic projects in 2019

 The Department of Transportation of Ho Chi Minh City plans to deploy 70 traffic projects in 2019, in order to boost the implementation of programmes to reduce traffic congestion and accidents in the city.

Old vehicles threaten road users

 Over 200,000 old automobiles ply the country’s roads though they are no longer licensed to do so, posing a threat to the community, without authorities finding a way to stop them.

Vietnam to facilitate Samsung’s operations: PM

 The Vietnamese Government has paid considerable attention to Samsung’s investment projects in Viet Nam and will continue to create favourable conditions for the firm to do business in the country.

HCM City seeks cheaper logistics

 Logistics fees in Vietnam account for nearly 21 percent of the country’s Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies.

Mid-end segment to dominate property market

 Vietnam’s real estate market will see strong development in the middle-end apartment segment, according to experts.

PM chairs review of pilot mechanisms for HCM City

Ho Chi Minh City made socio-economic development improvements while still dealing with problems inherited from previous years.