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Deadly tower block fire fuels sale of fire safety equipment

 Citizens in HCM City are flocking to buy fire safety equipment after at least 13 people were killed in an apartment fire last week.

VN youngsters forego saving for spending

 Many young Vietnamese are willing to spend the higher incomes they now earn rather than save.

Hanoi selected as Southeast Asia weather forecast center

 Hanoi has been chosen as the forecast support center for weather phenomena for countries in Southeast Asia by the World Meteorological Organization (WMO).

PV Power proposes taking over Nhon Trach 3 and 4 thermal power plants

PV Power, the second largest electricity producer of Vietnam, may replace PetroVietnam as the investor of Nhon Trach 3 and 4 thermal power plants located in Ong Keo Industrial Zone in Dong Nai.

Logistics decree underwhelms

 While signalling a breakthrough improvement in the local logistics service market, Vietnam’s new regulations have raised concerns over e-commerce among EU investors.

Foreign investors demand IP action

 Online intellectual property infringements related to industrial design are worrying investors, including those from the US, forcing state agencies to set forth an adequate legal mechanism to handle the situation.

Young people find it difficult to start businesses in Vietnam

VietNamNet Bridge - Encouraged and supported by the government and local authorities, the startup movement in Hanoi has not developed well despite numerous business ideas.

Photo exhibition: “Truong Sa’s vitality-Colors of the Youth”

An exhibition called “Truong Sa’s vitality-Colors of the Youth” has been organized to celebrate the 87th anniversary of the Ho Chi Minh Communist Youth Union and the Youth Month.

Vietnamese readers have free access to Russian e-book funds

 Vietnamese readers will receive free access to the e-book funds of the Boris Yeltsin Presidential Library and LitRes e-book store of Russia.

Popular Vietnamese products sold on Amazon at exorbitant prices

Popular Vietnamese products are being sold in many Japanese supermarkets and on websites at prices which are several times higher than in Vietnam.

Vietnam extends link to one-stop-shop portal

Vietnam’s 11 ministries and sectors have been linked to the national one-stop-shop portal, which was launched in 2015. 

Make or break for SOE equitization

 The SOE equitization process has yielded mixed results over recent months. 

Hanoi cracks down on poor fire prevention and safety

 Hanoi People's Committee has asked the Ministry of Construction to check fire safety threats on 17 apartment buildings in the area.

Da Nang sea turns black

 Local people living along the Nguyen Tat Thanh Beach in the central city of Da Nang have complained that the sea water became black with brown foam and a foul smell.

Mobile payment the next big thing

 State-of-the-art QR code payment methods and the mass adoption of smartphones are predicted to provide ample room for the development of mobile shopping in Vietnam.

ComfortDelgro Savico Taxi suspends operations due to Uber and Grab

ComfortDelgro Savico Taxi announced suspending its operations. The movement came after the operations of several traditional taxi firms were impacted by Uber and Grab.

Southernmost province to resettle 5,600 households

 More than 5,600 households in erosion-prone areas in the southernmost province of Ca Mau need to be relocated by 2020 but local authorities are struggling to find capital and land, according to the provincial People’s Committee.

Stable foreign exchange rate expected in 2018

Some commercial banks appreciated the US dollar after last week’s interest rate hike by the Fed. Experts, however, have said the exchange rate between the US dollar and Vietnamese Dong is likely to remain relatively stable throughout the year.

Clean-up makes Vietnam banks attractive to foreign investors

 Since last year there has been a churn in the banking sector with some foreign investors selling their stakes in local banks and others buying in.

Customers warned about online suppliers trading without their own websites

 Le Thi Thu Hang from HCM City’s Go Vap District recently ordered a product displayed on an e-commerce marketplace from a supplier that had no e-commerce website.