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Former executives of petrochemical firm to stand trial

 Four former executives of Binh Son Refining and Petrochemical JSC (BSR) will be brought to trial on January 21 for the charge of “abusing position and power to appropriate assets”, according to the Hanoi People’s Court.

Duo Nam, Khanh lose in first round of Vietnam Open

 Vietnamese duo Ly Hoang Nam and Le Quoc Khanh failed to win their first men’s doubles match at the Vietnam Tennis Open Da Nang City 2019 on January 7 against Ayeni Alafia of the US and Stefan Vujic of Australia.

Vietnam's economy to grow by 6.7-6.9 percent in 2019

 Vietnam’s economy is forecast to grow by 6.8-6.9 percent in 2019 on the back of sound economic performance in 2018, according to the Vietnam Macro-Economic Outlook 2019, which was announced in Ho Chi Minh City on January 8. 

Bamboo Airways licensed to operate commercial flights

 The Civil Aviation Authority of Vietnam (CAAV) announced on January 8 that it has presented an Aircraft Operator Certificate (AOC) to Bamboo Airways, allowing the airline to begin commercial flights. 

Vietnam lose 2-3 to Iraq in AFC Asian Cup’s opener

 Vietnam lost 2-3 to Iraq in their first match of Group D in the AFC Asian Cup 2019, which took place in Zayed Sport City Stadium in Abu Dhabi, the United Arab Emirates, on January 8.

One dead, two missing in Vietnamese oil tanker fire off Hong Kong

 One Vietnamese sailor has died and two others are still missing after the Vietnamese oil tanker Aulac Fortune caught fire off the coast of Hong Kong on January 8, reported the Ministry of Foreign Affairs. 

Opportunities and challenges in shifting economic climate

 Globalisation is facing significant challenges due to the US-China trade dispute, Brexit, and protectionism in various countries. With the impact of disruptive technology transformations, how can Vietnamese enterprises compete in a global market?

Auto manufacturers reduce production, increase imports

VietNamNet Bridge - Though continuing investment in their production bases, foreign-invested automobile manufacturers in Vietnam are placing high expectations on car imports.

Real foreign investment and M&A capital up despite nominal drop

 Even though the total foreign-invested capital of the whole year was a bit lower than the last year, the disbursed capital and investments in M&A saw a marked increase.

Growing Korean influence in Vietnamese financial and banking market

 South Korean giants are entering the Vietnamese financial and banking market by mergers and acquisitions (M&A) or directly compete with indigenous financial institutions in Vietnam.

M&As continue upwards

 Mergermarket report shows M&As growing in Vietnam and Asia-Pacific.

Enterprises to self-inspect compliance with labor law

Circular providing guidelines on self-inspection took effect on January 1.

IT workers to remain in short supply despite rising salaries

Salaries for local IT workers will continue to rise but companies will still struggle in recruitment, according to latest report from TopDev.

Flower markets face busy period ahead of Tet

With almost one month to go before the start of the Lunar New Year (Tet) Festival, local people are rushing to Quang An flower market in Tay Ho District, Hanoi, to find the perfect decorative item for their home.

Investors hunt for foreclosed properties

VietNamNet Bridge - The bad debt trading market is getting busy as properties used as collateral for bad loans are selling more quickly now. 

Even iPhone facility in Vietnam, assembling still keep commonly

 The assembly segment will remain dominant in Vietnam, even if Foxconn relocates its iPhone assembling facility from China.

Preparing for a smarter future

 Vietnam is now making great efforts to develop its own smart energy industry. Koos Neefjes, director and climate change expert from Climate Sense Company, provides an insight into how Vietnam can realise its potential.

Lenders upgrade with digitalisation

 The face of retail banking in Vietnam is changing due to digitalisation, prompting banks to restructure themselves in a way to meet the demands of customers and bringing the payment experience to a whole new level with their virtual facilities.

Large banks concerned about raising capital

 State-owned banks are struggling to raise capital to improve their capital adequacy ratio (CAR) in line with Basel II requirements.

Central Bank saves billions by stopping cash-press at Lunar New Year

 The state budget will save hundreds of billions of VND thanks to the State Bank of Vietnam's (SBV) policy of not issuing fresh banknotes with the value lower than VND10,000 in the 2019 Lunar New Year.