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Former Director General gets life imprisonment for big loss at Dong A Bank

Former Director General of the Dong A Bank Tran Phuong Binh was sentenced to life in prison on December 20 in the trial of 26 defendants who were involved in the loss of $153.47 million at the bank.

Music alliance may be sued for copyright infringement

 The Vietnam Centre for Protection of Music Copyright (VCPMC) is intending to take legal action against SkyMusic JS Company for copyright violation.

‘Achievement disease’ crushing Vietnam’s education: experts

VietNamNet Bridge - Emulation movements aim to encourage teachers and students to improve, but the so-called achievement disease will kill national education, experts say. 

Hanoi district cracks down on stray dogs

 Dog owners have become much more aware of their responsibilities in Hanoi’s Thanh Xuan District since authorities began catching stray dogs in September, the district’s people’s committee has said.

Strict control cannot prevent flood of scrap steel imports

Government ministries and branches all have vowed to tighten control over scrap steel imports following warnings by scientists that Vietnam may become a dumping ground for the world. But scrap imports are still on the rise.

Activities warm up Christmas

 With only a few days left until Christmas, various activities are being held nationwide to celebrate the festive season. 

Competition in fresh milk market still hot

Vietnamese consumers buy on average 24 kilograms of dairy products each year, much lower than that in the region. Domestic materials can only satisfy 35 percent of demand, indicating that the figures show the fresh milk market still has potential.

Government raises voice over ethnic boy student abuse case

Deputy PM Vu Duc Dam has instructed related agencies to strictly deal with a case in which the headmaster of an ethnic minority boarding school in Phu Tho Province was accused of molesting many boy students.

Nielsen: Consumer confidence at record in Q3

With a nine-point increase over the second quarter of 2018, due to growth in confidence over employment prospects and personal finances, Vietnam’s consumer confidence level has reached a peak for the past decade

Red River water use proposed to improve Hanoi lake and river

 Hanoi Sewage and Drainage Ltd. Company have recommended using water from the Red River to supply West Lake and to clean To Lich River.

Hanoi to build tunnel through Red River dyke

 Hanoi has approved 21 infrastructure projects in the 2016-2020 period, including one to build a tunnel through the Red River dyke.

Da Nang faces environmental challenges

 Officials in Da Nang have raised concerns about the increased problems of flooding and environmental issues in the city.

Santa Clause is coming to town

As Christmas is drawing near, Hanoi’s streets on these days have been filled with the vibrant colours of thousands of Christmas decorations.

Vietnam’s Consumer Confidence Index hits record high

 Vietnam had the world’s second highest score in the consumer confidence index in the third quarter of 2018, according to the latest data of the Conference Board Global Consumer Confidence Survey and Nielsen announced on December 18. 

Banks raise deposit rates in short-term

 Many commercial banks raised deposit interest rates in recent months, triggering worries about the increasing pressure on the lending rates.

Ten foreign sailors rescued in Con Dao waters

 The BV 98869 TS fishing vessel rescued 10 foreign sailors and sent them to the Ben Da border post in the southern province of Ba Ria - Vung Tau on December 19, said the provincial Border Guard High Command.

Vietnamese engineers make Fractional CO2 Laser surgical equipment

 The Hi-Tech Business Incubator in Ho Chi Minh City held a ceremony on December 18 to debut a surgical equipment using Fractional CO2 Laser – one of the most advanced technologies in skin treatment – designed and made by Vietnamese engineers.

Third national workshop on East Sea held in Quang Ninh

 The third national workshop on the East Sea took place in Ha Long city in the northern province of Quang Ninh on December 19.

Six million Vietnamese rise above poverty line in five years

 About six million Vietnamese people escaped from poverty between 2012-2016, with the poverty ratio dropping from 15.9 to 9.1 percent during the period, according to a report released on December 19.

PV Power to shift listing to HoSE early next year

More than 2.34 billion shares of the PetroVietnam Power Corporation (PV Power) will be listed on the Ho Chi Minh Stock Exchange (HoSE) under the code POW on January 14, 2019.