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PM Nguyen Xuan Phuc meets many country leaders in Quebec

 Prime Minister Nguyen Xuan Phuc has had bilateral meetings with leaders of many G7 nations and guest countries attending the G7 Outreach Summit in Quebec, Canada.

Fintechs reshape the financial system

To further encourage the development of fintechs and inventive financial solutions, it would take more than just support from the government, but also the accompanying mentorship from others.

Vietnam's vehicle import triples in early June

 The import of vehicle surged in the first week of June and most of the imported cars were from Thailand, according to the General Department of Vietnam Customs.

Railway corporation to ban smartphone use by staff

 The Viet Nam Railway Corporation is considering a ban on the use of electronic devices, including smartphones, by its staff to ensure railway traffic safety and order.

Luis Fonsi to bring big hit Despacito to Vietnam

 Luis Fonsi, best known for his worldwide hit “Despacito”, will perform at Cocofest 2018 in Danang next month.

Steel firms find ways to secure exports

 Tariff pressure on steel exports to the United States, a market comprising over 10% of Vietnam’s steel exports, has been less extreme as local steel firms have diversified their material supplies to avoid dependence on Chinese materials.

Poor infrastructure leads to rise in traffic accidents in HCMC

 The ongoing rise in traffic accidents in HCMC is attributable not only to drivers violating traffic rules but also to inadequate infrastructure that has failed to accommodate the growth in traffic, authorities have said. 

Vietnamese male model to strut the catwalk at Milan Fashion Week

Vietnamese model Vo Canh will fly to Italy on June 14 to attend a fashion show for the Spring/Summer 2019 collection of Dsquared2 as part of Milan Fashion Week.

Quang Nam refuses another Chinese investor for Chu Lai Soda

 The Quang Nam People’s Committee will not allow another Chinese investor to take over the notorious soda manufacturing factory invested by Chu Lai Soda Processing JSC (Chu Lai Soda).   

Decree gives green light to major sales discounts

A new governmental decree increasing the discount cap for sales promotions in certain situations has received favourable feedback from the business community, despite the remaining restrictions on promotions. 

SOE equitisation lets down investors

Even though the government has been trying its best to boost the equitisation of SOEs, the poor performance and small sales percentage of many such enterprises have disheartened many interested parties.  

Danang Rubber JSC to be fined nearly $80,000

 The Danang Department of Taxation has just decided to penalise the administrative violations of Danang Rubber JSC (code: DRC) due to the change of company’s profit after auditing.

Transparency and accountability is a key to success

Ngo Thi Minh, Vice Chairwoman of the National Assembly Committee for Culture, Education, Youth and Children, speaks to Youth Weekend Edition on how best to utilise the State budget in general education. 

Draft Network Security Law honours legal commitments

 Hoang Phuoc Thuan, Director General of the General Department of Network Security, under the Ministry of Public Security, speaks to the Viet Nam News Agency about the draft Network Security Law

Domestic automobile market set for big growth

 The Vietnamese automobile market is predicted to develop strongly between now and 2035 as the country is experiencing a “golden population structure,” which offers opportunities to promote the automobile industry.

Vietnam to get 5G in two years

 In one or two years, 5G technology will be ready for deployment in Viet Nam, according to Ericsson’s head of network solutions in Viet Nam, Laos, Cambodia and Myanmar.

Fitch sees bright future for Vietnam

Vietnam’s economy is on a more positive growth momentum than last year, with strong FDIcapital inflows, increased foreign exchange reserves and strictly controlled foreign debts, according to Fitch Ratings.

VASEP urges Gov’t to protect Vietnam shrimp

 The Viet Nam Association of Seafood Exporters and Producers (VASEP) has asked the Government to strengthen the control of temporary imports for re-export of shrimp from India and Ecuador.

Indonesia applies anti-dumping duties on VN steel

 The Indonesian Anti-Dumping Committee (KADI) has announced the application of anti-dumping measures on colour-coated steel sheet imports from Viet Nam and China.

Vietnam’s beer market has potential, but not for all

VietNamNet Bridge - Vietnam remains one of the few beer markets in the world which is still maintaining high growth. However, not all breweries have succeeded in the market.