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Vietnam, EFTA hasten signing of free trade pact in the first half of 2018

 Vietnam and the European Free Trade Association (EFTA) will accelerate the signing of a free trade agreement (FTA) in the first half of 2018.

HCM City canal cleanup projects may fail to meet deadline

 The Ho Chi Minh City's Department of Construction said that its plan to remove 20,000 shanty houses on and along local canals by 2020 may not be realised due to various challenges.

Green growth for cities of the future

 In the face of the growing momentum of urbanisation, Vietnam is looking for ways to pursue urban green growth.

VND likely to remain on a stable footing in 2018

 2018 is slated to be a positive year for the Vietnamese dong, thanks to Vietnam’s stable macroeconomics and strong capital inflows. However, analysts differ on how strong Vietnam’s currency will be at the end of the year.

Footwear sector awaits rebound with US giant

 Foreign capital flow in the footwear industry is expected to rebound this year after a slowdown in 2017, with the anticipated arrival of a major US player.

1.63 million people step onto employment ladder in 2017

 Vietnam created new jobs for more than 1.63 million people last year, achieving 102.48% of its plan, according to the Ministry of Labour, Invalids, and Social Affairs.

Confidence returns, but private businesses proceed cautiously

For the first time in 10 years of the ranking called the VNR500, a list of the 500 largest Vietnamese companies, private businesses have shown stronger growth in comparison with SOEs (state owned enterprises) and FIEs (foreign invested enterprises).

US Ambassador presents 20 new AmCham Scholars

 AmCham announced the new scholars to not only receive financial rewards, but additional support in job skills training, internships, and job placement assistance.

Pavement work continues on Hanoi's streets

 Construction of pavements in Ba Dinh and Hai Ba Trung districts continues despite an order by the capital city’s authorities, e-newspaper Vietnamplus reported.

90% stores use online channels to attract customers

 Up to 90 per cent of stores in the country use online channels to increase their customer base and expand business, reports sapo.vn, a shopping management software.

Banks must ensure smooth ATM operations before Tet

 The State Bank of Viet Nam (SBV) will deal strictly with credit institutions if people cannot withdraw money from their ATM in the months approaching Tet (Lunar New Year) holiday.

HCMC aims to halve customs clearance time

 The HCM City customs department aims to cut the time it takes for clearing goods by half by the end of this year, Dinh Ngoc Thang, its deputy head, told the media on the sidelines of a meeting with American businesses on Wednesday.

Vietnam hands over fugitives to RoK police

 Vietnam handed over two wanted Korean men to police of the Republic of Korea (RoK) at Hanoi’s Noi Bai International Airport on January 24. 

Movie shot in Vietnam receives Oscars nomination

 The Hollywood blockbuster “Kong: Skull Island”, which was shot in Vietnam, has received an Oscar nomination for Visual Effects.

Korean Group acquires Prudential Finance in Vietnam

 Prudential Plc on January 23 announced that it had reached an agreement to sell 100 percent of its Prudential Vietnam Finance Company (PVFC) to Shinhan Card Co Ltd, a subsidiary of the Shinhan Financial Group (Shinhan), at a cost of 151 million USD.

French Government prioritises strategic partnership with Vietnam

Deputy Prime Minister and Foreign Minister Pham Binh Minh met with Minister of State attached to France’s Minister for Europe and Foreign Affairs Jean-Baptiste Lemoyne in Hanoi on January 24.

Dong Thap: wooden drum sets national record

 A wooden drum in the Phuong Nam Cultural Tourism Area of the Mekong Delta province of Dong Thap was recognised as Vietnam’s largest drum by the Vietnam Record Association.

Spain helps HCM City build metro line

 The Spanish Government pledges to provide financial assistance for Ho Chi Minh City to develop one more metro line, said an official from Spain’s Ministry of Economy, Industry and Competitiveness (MEIC). 

Vietship 2018 attracts many foreign firms

 The ninth International Exhibition on Shipbuilding, Shipping and Offshore Technology (Vietship 2018) officially opened at the National Convention Centre in Hanoi on January 24.

PM approves national action plan to combat IUU fishing

 The Prime Minister has recently granted approval for a national action plan to prevent, mitigate and eliminate illegal, unreported and unregulated (IUU) fishing until 2025.