The Ministry of Education and Training takes on all the work, including compiling, verifying, approving, and printing and distributing textbooks. In other words, it holds a monopoly.

 Spillover effects from the FDI sector to domestic enterprises are considered a long-term solution for sustainable productivity development.

 As the US-China trade spat intensifies, Deputy Chairman of the National Assembly’s Economic Committee Nguyen Duc Kien highlights the need to promote internal strength to use external conditions for national development.

 Favorable stock market and positive economic growth have helped large banks to step up divestment from other peers to meet the central bank’s regulation on holding shares at other credit institutions.

Despite sharp discount rates, Sony products still have been selling slowly because of the rumour that the company will leave Vietnam and warranty services will no longer be available.

The Ministry of Transportation is collecting comments on the draft of a plan to enhance aviation connectivity with tourist markets. 

VietNamNet Bridge - Many M&A deals have been reported recently which target fintechs operating in the field of payment services. Big investors are behind the deals.

A selection of noteworthy artistic and cultural events that will take place in Hanoi and Ho Chi Minh City from October 1 to 7.

 There remain six challenges to Vietnam`s economy in its quest of rapid and sustainable development.

 Competition in the country’s credit card market has become stiffer as more big players join large domestic banks and finance companies in the race to gain shares in the potential market.

 Consumer financing is expected to grow at a double-digit rate for the next three years as households increase their spending.

 E-invoicing will be compulsory for all enterprises from November 1st 2020 following Decree 119/2018/ND-CP approved by the Government on September 12.

  Retail giant AEON has terminated its tie-up with Ha Noi-based Fivimart after four years of co-operation due to losses.

 Vietnam has built a system of policies and laws on seas and islands during the 10-year implementation of the Maritime Strategy. 

 Vietnamese movie Nguoi Vo Ba (The Third Wife) has received the RTVE - Another Look Award at the 66th San Sebastian International Film Festival.

 Foreign banks` restructuring process is aimed at refocusing resources on their remaining business activities and increase efficiency in Vietnam`s market.

 State budget revenues as of September 15 reached VND898.3 trillion (US$38.24 billion), equivalent to 68.1% of the year`s estimate.

 Vietnam should further promote the transparency if it wants to attract more FDI inflow from the world’s leading investors, especially those from the US and EU, into high-tech and modern services sectors, experts suggested.

 The move is necessary for Vietnam Electricity to cover an incurred cost of VND20.73 trillion (US$892.18 million) in the 2018 - 2019 period, stated the Ministry of Industry and Trade (MoIT) on its website.

Small banks and finance companies are now rushing to issue credit cards and compete with big banks as they believe the development potential of the credit card market remains great.