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VN central bank to tighten rules for commercial banks

The State Bank of Vietnam has decided to push ahead with restructuring the banking system, applying stricter measures to effectively prevent cross-ownership at commercial banks.

Japanese conductor to lead Dvorak concert in HCM City

 Internationally acclaimed conductor Honna Tetsuji will lead a concert featuring works by Czech composer Antonin Dvorak at the HCM City Opera House on June 19 night.

Landslides-erosions in Mekong Delta put on map

 A map of landslides and erosions along riverbanks and coasts in the Mekong Delta was introduced at a conference held by the Ministry of Agriculture and Rural Development (MARD) in Hanoi on June 18. 

Foreigners may quit stock market if inflation is high: analysts

VietNamNet Bridge - High inflation may put pressure on the exchange rate and prompt foreign investors to withdraw capital from Vietnam’s stock market, analysts say.

Vietnamese celebrate Doan Ngo festival

The Vietnamese celebrate the Doan Ngo festival on the 5th day of the 5th lunar month - this year, the Doan Ngo festival falls on June 9. This is an important festive occasion in the year, second only to the Lunar New Year festival.

Festival to honour Vietnam’s brocade culture

 The first festival to honour the Vietnamese brocade culture will be held from December 27 to 30 in the Central Highlands province of Dak Nong. 

Vietnam attends UN Human Rights Council’s 38th session

 Vietnam, together with Bangladesh and the Philippines, will deliver a draft solution on women’s rights amidst climate change at the 38th session of the United Nations Human Rights Council on June 18.

American choir to sing Vietnamese folk song

 The Philadephia Boys Choir & Chorale (PBCC) will perform the Vietnamese folk song Trong Com (The Cylindrical Drum) at the Vietnam Youth Theatre on July 15. 

BUSINESS IN BRIEF 19/6

 Bright prospect predicted for agricultural products’ export, Hanoi licenses $5.4 billion worth of FDI projects, Vietnam sees more global hotel brands, Da Lat to launch $50-m sheep wool yarn spinning plant

Foreign capital flow into VN depends on FED moves

The US Federal Reserve plans to raise the prime interest rate of the dollar once more, while the 10-year term US government bond interest rate has exceeded the 3 percent per annum threshold.

Pay-TV competition heats up as royalties rise

VietNamNet Bridge - SCTV and K+ are planning to stop broadcasting foreign TV channels and replace them with cheaper ones. The move has faced strong opposition from subscribers.

Vietnam warned of “white pollution” from plastic bags

VietNamNet Bridge - Environmental experts have voiced their concern about so-called white pollution caused by plastic bags and products, which are very widely used in Vietnam.

Three universities seek governing autonomy

Hanoi Economics University, HCM City Economics University and Hanoi University of Science & Technology are considering a policy which would allow them to become independent from the Ministry of Education & Training (MOET).

No Vietnamese killed, injured in Osaka earthquake

There is so far no report on any Vietnamese killed or injured in the 6.1-magnitude earthquake that hit Osaka, Japan, on June 18 morning, according to the Consulate General of Vietnam in Osaka.

Moves afoot in banking M&As

 M&As in Vietnam's banking sector have been relatively quiet in recent years but more deals appear to be on the horizon.

Mai Linh needs to redouble efforts to win back market from Grab

Entering into agreements with Japan’s leading transport firm Willer Group and Singapore’s media tech firm IDOOH Pte., Ltd., Mai Linh is trying its best to re-conquer the market from Grab, which holds the upper hand. 

VN-Index drops by 2.87 percent on June 18

The VN-Index of the Ho Chi Minh City Stock Exchange decreased by 2,87 percent to close at 987.43 points on June 18, the first transaction day of the week,  with 181.39 million shares worth nearly $202.2 million being traded. 

Local companies embracing environment and the community

 Many Vietnamese companies now actively define their business strategies as being linked to environmental protection and community contributions.

Being smart in the "smart" era

 Creating a smart factory is the objective of all of Vietnam's leading manufacturers but internal and external obstacles must be tackled.

Retail investors feel headaches finding a suitable investment channel

 As diverse investment methods co-exist in the market today, retail investors might be confused in choosing a suitable “basket” to put their “eggs” in with a view to raising their assets effectively.